latest news releases from the newsroom
Sotheby's Prices $150 Million Senior Unsecured Notes
NEW YORK, June 12, 2008 (PRIME NEWSWIRE) -- Sotheby's (NYSE:BID) today announced the pricing of $150 million of senior unsecured notes due 2015 through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The closing of the offering is expected to occur on or about June 17, 2008.
San Luis Trust Bank
San Luis Trust Bank Postpones Mid-Year Cash Dividend
SAN LUIS OBISPO, Calif., June 12, 2008 (PRIME NEWSWIRE) -- San Luis Trust Bank (OTCBB:SNLS) announced that its Board of Directors voted not to pay a mid-year cash dividend at this time. The year-end cash dividend is the only regularly scheduled dividend. During the past several years, the Bank has paid a supplemental mid-year dividend as a "bonus" to its shareholders. However, in 2008, as the local real estate market has created an economic slowdown, the Board felt that it was prudent to postpone the dividend until the real estate market improves. In uncertain times, capital is vital and voluntarily reducing capital would appear to be an unwise practice.
Behold THE CLINIC -- New Book Tells of Suspense Dealing With the Legal and Social Aspects of Abortion
SALEM, Ore., June 12, 2008 (PRIME NEWSWIRE) -- Certain practices in the fields of health and medicine do attract harsh attention from some sectors in society. One of them is abortion which has impacted society on many levels, including politics. As long as laws are obeyed, abortions can be performed on women who need it. Just what will it take to bring down this controversial practice? Find out by experiencing a tale of suspense and mystery imagined by author Robert C. Jackson, M.D., with the release of his new book THE CLINIC.
Read This Touching True Story About a Man Who Survived Thanks to His Strong Spirit and Unbreakable Will
LITTLE SILVER, N.J., June 12, 2008 (PRIME NEWSWIRE) -- Several years ago, author Keith Stephens Buff lost everything when he got struck by a devastating brain hemorrhage. He came close to death several times but ultimately survived not because of life-saving technologies but because he had the will and the perseverance to keep on living. This is the touching story that readers will witness in Determination: A Journey From the Abyss of Despair, his new book released through Xlibris.
Klayman & Toskes P.A.
Notice to All Investors of the Regions Morgan Keegan Bond Funds Who Have Losses in Excess of $50,000 From the Securities Law Firm of Klayman & Toskes
BOCA RATON, Fla., June 12, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. (http://www.nasd-law.com) announced today that it filed another arbitration claim against Morgan Keegan and Regions Financial Corp. (NYSE:RF) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The lawsuit seeks damages of about $700,000 in two closed end funds: RMK Advantage Income Fund (NYSE:RMA) and RMK Multi-Sector High Income Fund (NYSE:RHY). The Claimant lost money in these Funds due to Morgan Keegan's false and misleading statements about the Funds' risk tolerance and asset allocation, as well as the lack of diversification. Further, the Claim alleges that Morgan Keegan violated Rule 10b-5 of the Securities Exchange Act of 1934, as well as the applicable state securities act, as a result of the firm's misrepresentations and omissions in connection with its sale of the securities to the Claimant.