latest news releases from the newsroom
Marlin Business Services Corp.
Marlin Hosts First Annual Business Summit
MOUNT LAUREL, N.J., Oct. 22, 2008 (GLOBE NEWSWIRE) -- On Wednesday, October 8th, Marlin Business Services (Nasdaq:MRLN) hosted their first Annual Business Summit at their Mt. Laurel, N.J. headquarters. The theme of this Summit was "Working Together To Navigate Through Economic Business Cycles." The Summit focused on the challenges that small businesses are facing in the current business climate and included an economic update by Marlin CEO Daniel Dyer. Another integral part of the event's agenda centered on the current credit environment and the use of leasing to gain competitive advantage.
Axcelis Technologies, Inc.
Axcelis Announces Comprehensive Restructuring Plan
BEVERLY, Mass., Oct. 22, 2008 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS), a leading supplier of ion implantation and cleaning systems, today announced a two-pronged restructuring plan that allows the Company to reduce operating costs and improve liquidity while continuing to penetrate new markets with its Optima and Integra product lines.
First Horizon National Corporation
First Horizon Declares Quarterly Stock Dividend
MEMPHIS, Tenn., Oct. 22, 2008 (GLOBE NEWSWIRE) -- First Horizon National Corp.'s (NYSE:FHN) board of directors has approved distribution on Jan. 1, 2009, of the regular quarterly dividend, payable in shares of common stock. The dividend rate will be 1.837 percent, which means that 1.837 new dividend shares will be distributed for every 100 shares held on the record date of Dec. 12, 2008.
Northrop Grumman Corp.
Photo Release -- Joint STARS Engines Complete FAA Certification Flights
MELBOURNE, Fla., Oct. 22, 2008 (GLOBE NEWSWIRE) -- The U.S. Air Force E-8C Joint Surveillance Target Attack Radar System (Joint STARS) engine upgrade program reached a major milestone last week after successfully completing Federal Aviation Administration supplemental type certification flights. Northrop Grumman Corporation (NYSE:NOC) will now install the Pratt & Whitney (NYSE:UTX) JT8D-219 engines on the Joint STARS test bed aircraft in advance of military certification test flights scheduled to begin in December.
Rush Enterprises, Inc.
Rush Enterprises, Inc. Reports Third Quarter Results
SAN ANTONIO, Oct. 22, 2008 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of heavy- and medium-duty truck dealerships in North America, and a John Deere construction equipment dealership in Houston, Texas, today announced results for the third quarter ended September 30, 2008.
AudioCodes Repurchases $50 Million Principal Amount of Its Convertible Notes
LOD, Israel, Oct. 22, 2008 (GLOBE NEWSWIRE) -- AudioCodes (Nasdaq:AUDC) today announced that it has repurchased in a privately negotiated transaction $50 million aggregate principal amount of its 2.00% Senior Convertible Notes due 2024 for approximately $48.8 million in cash. This payment includes accrued but unpaid interest. In November 2004, AudioCodes issued $125 million aggregate principal amount of the Convertible Notes. As a result of this repurchase, approximately $75 million principal amount of the Convertible Notes remain outstanding.
Naugatuck Valley Financial Corporation
Naugatuck Valley Financial Corporation Announces Cash Dividend
NAUGATUCK, Conn., Oct. 22, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Naugatuck Valley Financial Corporation (Nasdaq:NVSL) yesterday declared a cash dividend for the quarter ended September 30, 2008, of $.06 per share to stockholders of record on November 4, 2008. Payment of the cash dividend will be made on or about December 2, 2008.
Triangle Capital Corporation
Triangle Capital Corporation Announces Updated Investor Presentation is Available On Its Corporate Website
RALEIGH, N.C., Oct. 22, 2008 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, announced today that the Company has posted an updated investor presentation on its corporate website. Included in this presentation is a current business overview, including pro forma cash and debt positions as of September 1, 2008, annualized yield information based on the Company's recently declared dividend and potential yield information based on certain assumptions for future investments. Interested investors may view the presentation at http://ir.tcap.com/events.cfm.