latest news releases from the newsroom
Bassett Furniture Industries, Inc.
Bassettbaby Announces Partnership with Babylicious
BASSETT, Va., Aug. 13, 2007 (PRIME NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:BSET) is partnering with Babylicious to offer hip, fresh, quality baby bedding and essentials under the Bassettbaby brand name. The companies have developed several new collections and will unveil the new products next month at the ABC Kids Expo in Las Vegas.
Ocwen Financial Corp.
Ocwen Announces Renewal and Increase of JPMorgan Chase Credit Line
WEST PALM BEACH, Fla., Aug. 13, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that its secured line of credit arranged by J.P. Morgan Securities, Inc. with nine participating banks has been approved by the parties for renewal and increase to $350 million, effective August 15th. The credit line is used by Ocwen principally to finance advances made in connection with its mortgage loan servicing operations as well as acquisitions of mortgage servicing rights. Previously, the credit limit was $300 million with six domestic and international banks. Members of the syndicate for the upsized line, which is being renewed prior to maturity of the existing line, include JPMorgan Chase Bank, Sovereign Bank, CIT Group, U.S. Bank, Wachovia, Commerzbank AG, Fifth Third Bank, Scotia Bank and Sun Trust.
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast Its August 22, 2007 Third Quarter 2007 Earnings Conference Call Live
HORSHAM, Pa., Aug. 13, 2007 (PRIME NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its third quarter 2007 earnings results. The event, scheduled for 2:00 p.m. (EDT) on Wednesday, August 22, 2007, will follow announcement of the Company's third quarter 2007 results for earnings, revenues, contracts and backlog earlier the same day. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.
Dow Jones Indexes
Health Care REITs to be Added to Dow Jones Wilshire Global Real Estate Indexes
NEW YORK, Aug. 13, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, and Wilshire Associates, a global leader in investment technology, investment consulting and investment management, announced today that health care REITs will be added to the Dow Jones Wilshire Global Real Estate(sm) and Dow Jones Wilshire Global Real Estate Securities Index(sm). The change will become effective in September and applies to the U.S. versions of the indexes as well.