latest news releases from the newsroom
Dow Jones Indexes
Component Changes Made to Dow Jones Select Dividend Indexes
NEW YORK, Sept. 26, 2008 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.K. Select Dividend 20 Index, Dow Jones EPAC Select Dividend Index and Dow Jones Global Select Dividend Index.
Allianz Global Investors Fund Management LLC
Allianz Global Investors Fund Management Announces Proposed Change to Option Strategy and Management Team of Nicholas-Applegate International & Premium Strategy Fund
NEW YORK, Sept. 26, 2008 (GLOBE NEWSWIRE) -- Allianz Global Investors Fund Management LLC ("AGIFM"), investment manager to Nicholas-Applegate International & Premium Strategy Fund (the "Fund") (NYSE:NAI), announced that at a meeting held September 15, 2008, the Board of Trustees of the Fund approved a change of the Fund's sub-adviser responsible for the Fund's option strategy from Oppenheimer Capital LLC, to Nicholas Applegate Capital Management LLC ("NACM"). To date, NACM has served as sub-adviser for the Fund's international equity portfolio, and Oppenheimer Capital LLC's sub-advisory role has been limited to implementing the Fund's option strategy. NACM will take over option writing responsibilities for the Fund, and Oppenheimer Capital LLC's role as sub-adviser shall terminate, pending shareholder approval of the proposal. It is anticipated that the Fund will seek shareholder approval at a special meeting of shareholders to be held on or about November 12, 2008. The change will not impact the management fees paid by the Fund, although the sub-advisory fee payable by AGIFM to NACM would increase by the amount of the current sub-advisory fee payable by AGIFM to OpCap.
Simmons First National Corporation
Simmons First National Corporation Announces Third Quarter Earnings Release Date and Conference Call
PINE BLUFF, Ark., Sept. 26, 2008 (GLOBE NEWSWIRE) -- Simmons First National Corporation (Nasdaq:SFNC) today announced it expects to release third quarter 2008 earnings prior to the market opening on Thursday, October 16, 2008, followed by a live conference call to review this information beginning at 3:00 p.m. Central Time. Interested persons can listen to this call by dialing 1-800-854-4175 (United States and Canada only) and asking for the Simmons First National Corporation conference call. A replay of the call will be available through 5:00 p.m Central Time on October 23, 2008 by dialing 1-800-642-1687. The passcode for the replay is 66609319. In addition, the call will be available live or in recorded version on the Company's website at www.simmonsfirst.com.
Financial Institutions, Inc.
Financial Institutions, Inc. Announces Future Executive Retirements
WARSAW, N.Y., Sept. 26, 2008 (GLOBE NEWSWIRE) -- Peter G. Humphrey, President & CEO of Financial Institutions, Inc. (the Company) (Nasdaq:FISI), the parent company of Five Star Bank, announces the following steps in a succession plan which has been formulated as part of our ongoing strategic planning process.
NASDAQ Halts Trading of Dime Bancorp Litigation Tracking Warrant
NEW YORK, Sept. 26, 2008 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market(r) (Nasdaq:NDAQ) announced that trading was halted in Dime Bancorp Litigation Tracking Warrant (Nasdaq:DIMEZ) today at 11:26:21 a.m., Eastern Time, for "additional information requested" at a last price of $0.09.
Northrop Grumman Corp.
Northrop Grumman Breaks Ground On Second Facility in Huntsville Research Park
HUNTSVILLE, Ala., Sept. 26, 2008 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC), one of Huntsville's largest defense contractors, signaled its strong ties to the area today when it broke ground on the second of four buildings that will comprise the company's Huntsville campus at Cummings Research Park.
Yadkin Financial Corporation
Crescent Financial Corporation Announces the Closing of a Capital Transaction
CARY, N.C., Sept. 26, 2008 (GLOBE NEWSWIRE) -- Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (Nasdaq:CRFN), announced today that it has entered into a subordinated debt agreement that qualifies as Tier 2 regulatory capital. The agreement provides for a $7.5 million unsecured term loan with a maturity of 10 years and bearing interest at three-month LIBOR plus 400 basis points. The subordinated debt may be redeemed at any time beginning on October 1, 2013.