latest news releases from the newsroom
Greenlight Capital Re
Greenlight Capital Re to Release Third Quarter 2008 Results
GRAND CAYMAN, Cayman Islands, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a specialty property and casualty reinsurer based in the Cayman Islands, today announced that it will release financial results for the third quarter 2008 on Tuesday, November 4, 2008. A live conference call to discuss the financial results will be held on Wednesday, November 5, 2008 at 9:00 a.m. Eastern time.
Dow Jones Indexes
STOXX Ltd. to Adjust Volkswagen's Free-Float Factor in The Dow Jones STOXX Indexes
ZURICH, Switzerland, Oct. 28, 2008 (GLOBE NEWSWIRE) -- STOXX Ltd., the leading provider of European equity indexes, today announced changes to Volkswagen's (Germany, Automobiles & Parts, VLKAY; VOW.XE) free-float factor to 0.3732 from 0.4963. This decision reflects the changes in the shareholder structure of Volkswagen and results in a lower weighting of Volkswagen in the respective indexes. Indexes affected are the Dow Jones EURO STOXX 50, Dow Jones STOXX 600 Large, Dow Jones STOXX Total Market Large, Dow Jones STOXX Sustainability and its respective sub- and sector indexes. The adjustment will be effective as of the opening of trading on Friday, October 31, 2008.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Third Quarter 2008 Financial Results; Increased Provision for Loan Losses; Cost Saving Initiatives for 2009 and Closing of Jacksonville and Gwinnett Offices
VALDOSTA, Ga., Oct. 28, 2008 (GLOBE NEWSWIRE) -- On Tuesday, October 28, 2008, PAB Bankshares, Inc. (Nasdaq:PABK), the parent company for The Park Avenue Bank, announced its consolidated financial results for the third quarter of 2008 and its plan to improve the Company's profitability in 2009 through reductions in operating expenses. The cost saving initiatives discussed below are part of the Company's overall strategy to maintain a strong capital position and increase earnings. During the third quarter of 2008, the Company added $7.3 million to its allowance for loan losses as a result of continued deterioration in problem assets. As a consequence, the Company reported a net loss of $2.9 million, or $0.32 per diluted share, for the three months ended September 30, 2008. "By increasing the allowance for loan losses, we will have more capacity and flexibility to address our problem assets," stated Company President and CEO M. Burke Welsh, Jr.
PDF Solutions, Inc.
PDF Solutions(r) Provides Financial Outlook for the Fourth Fiscal Quarter of 2008
SAN JOSE, Calif., Oct. 28, 2008 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq:PDFS), the leading provider of yield improvement technologies and services for the integrated circuit (IC) manufacturing process life cycle, today provided its financial outlook for the fourth fiscal quarter ending December 31, 2008.