latest news releases from the newsroom
Penn's Landing Corporation
FAM JAMS! At Penn's Landing -- New Family Friendly Series Premieres This Summer At Penn's Landing
PHILADELPHIA, July 13, 2007 (PRIME NEWSWIRE) -- Premiering this summer, Penn's Landing Corporation is proud to announce four "I Can't Believe They Are Free," Sunday concerts for children of all ages. Presented by Independence Blue Cross, these new additions to the 2007 Summer season calendar at Penn's Landing will take place on Sunday July 22, July 29, August 5, and August 12 from 1:00 p.m. until 5:00 p.m., at the Great Plaza at Penn's Landing, located on Columbus Boulevard at Chestnut Street. FAM JAMS! is a partnership with Radio Disney AM 640 and WPVI, 6 abc and features a FREE headline concert, activities for kids and an all around family friendly experience.
Bucyrus International, Inc.
Bucyrus International, Inc. Announces Second Quarter 2007 Earnings Release and Conference Call
SOUTH MILWAUKEE, Wis., July 13, 2007 (PRIME NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq:BUCY), a world leader in the design and manufacture of equipment for the surface mining industry, will release its second quarter 2007 earnings report after the close of business on Thursday, August 2, 2007. Bucyrus' quarterly teleconference to discuss second quarter 2007 results will be held on Friday, August 3, 2007, at 11:00a.m. Eastern Time (10:00a.m. Central Time).
Southcoast Financial Corporation
Southcoast Announces Second Quarter Earnings
MT. PLEASANT, S.C., July 13, 2007 (PRIME NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced that it had unaudited pre-tax income of $2,565,000 and unaudited net income of $1,695,000, or unaudited net income of $.30 per basic share, for the six months ended June 30, 2007. This compares to unaudited pre-tax income of $4,560,000 and unaudited net income of $2,816,000, or unaudited net income of $0.47 per basic share for the six months ended June 30, 2006. The June 30, 2007 earnings per share are based on 5,725,460 basic average shares outstanding compared to 5,997,310 basic average shares outstanding for the six months ended June 30, 2006. This decrease in outstanding shares is the result of a stock repurchase initiative commenced in January 2007. The Company's Board of Directors authorized the repurchase of up to 547,194 shares, or 10% of the Company's outstanding shares as of January 23, 2007. During the first six months of 2007, the Company repurchased 544,465 shares for a total of $11,079,592.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. Announces Second Quarter Diluted EPS of $0.25, Up 25.0 Percent
GREENSBORO, N.C., July 13, 2007 (PRIME NEWSWIRE) -- Carolina Bank Holdings, Inc (Nasdaq:CLBH) today reported second quarter 2007 net income of $837,000, an increase of 23.5% over the $678,000 reported for the second quarter of 2006. Diluted earnings per share were $0.25 compared with $0.20 for the prior-year second quarter, an increase of 25.0%. Per share results were restated to reflect the impact of the six-for-five stock split in the second quarter of 2007. These results continue to reflect strong loan and solid deposit growth year-over-year, stable to improving net interest margins, and improving credit quality.
Consolidated Mercantile Incorporated
Consolidated Mercantile Incorporated Reports Intention to Sell Its Interest in Distinctive Designs Furniture Inc.
TORONTO, July 13, 2007 (PRIME NEWSWIRE) -- Consolidated Mercantile Incorporated (Nasdaq:CSLMF) (TSX:CMC) announced today its intention to initiate a process to sell its investment interest in Distinctive Designs Furniture Inc., a manufacturer of leather and fabric upholstered furniture. The Board is currently evaluating potential strategies for implementing the sale. Consistent with this decision, it is anticipated that future operating results of this investment will no longer be consolidated but rather reported as a Discontinued Operation.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Profits Increase 8 Percent to $1.8 Million in Second Quarter, Core Deposits Increase 24 Percent
PASO ROBLES, Calif., July 13, 2007 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported solid core deposit growth contributing to record second quarter profits. Preliminary results indicate that second quarter net income increased 8% to $1.8 million, or $0.27 per diluted share, compared to $1.7 million, or $0.25 per diluted share, in the second quarter of 2006. For the first six months of 2007, net income was $3.3 million, level with the first six months of 2006.