Investment Weekly News articles from March 2009

Investment Weekly News back issues from March 2009:

Cerus to Release Fourth Quarter and Year End 2008 Financial Results on February 26, 2009.(Financial report)

Mar 07, 2009 ... Cerus Corporation (NASDAQ:CERS) announced that its fourth quarter and year end 2008 financial results will be released, February 26, 2009, and that it will host a conference call and live webcast at 4:30 p.m. EDT that afternoon. Management will discuss the company's financial results and ...

BJ's Restaurants, Inc. Reports Financial Results for the Fourth Quarter and Fiscal Year of 2008.(Financial report)

Mar 07, 2009 ... BJEs Restaurants, Inc. (NASDAQ: BJRI) reported financial results for the fourth quarter and fiscal year 2008 that ended on Tuesday, December 30, 2008. Compared to the same quarter of the prior year, total revenues for the fourth quarter of fiscal 2008 increased approximately ...

Butler Group recognizes functionality and strengths of GenSight Enterprise 7.2.

Mar 07, 2009 ... A Technology Audit conducted by independent analysts Butler Group, has outlined the key features and functionality of the companyEs Project Portfolio Management (PPM) solution, GenSight Enterprise 7.2. In the audit, published in January 2009, Butler Group analyst Stephen Mann, ...

First BanCorp Declares Common Dividend and Provides Chairman's Comments.

Mar 07, 2009 ... First BanCorp (the oCorporationo) (NYSE:FBP) announced that its Board of Directors has approved the next payment of common stock dividends. Common stockholders of record as of March 15, 2009 will receive the 55th consecutive quarterly dividend payment declared by First BanCorpEs Board of ...

ValueClick Announces Fourth Quarter 2008 Results.(Financial report)

Mar 07, 2009 ... ValueClick, Inc. (Nasdaq: VCLK) reported financial results for the fourth quarter and fiscal year ended December 31, 2008. Revenue and adjusted-EBITDA1 were above their respective previously-issued guidance ranges. oWhile macroeconomic headwinds clearly impacted the quarter, ...

Member Loyalty Group Provides Phone Survey Services to Credit Unions.

Mar 07, 2009 ... PSCU Financial Services, the nationEs largest credit union service organization (CUSO) announced that Member Loyalty Group, L.L.C. has partnered to use the companyEs Total Member Care call center solution for outbound call services. Member Loyalty Group is a CUSO created to ...

Industry Insider Tips from Residential Finance Corp: Clean Up Your Credit--Take Advantage of Today's Lowest Mortgage Rates.

Mar 07, 2009 ... Many homeowners are anxiously seeking refinancing to escape high payments and scaling adjustable rate mortgages but get stopped cold by credit issues. Although mortgages are available at historically low interest rates, lenders have raised their credit criteria, making it difficult or ...

GSMA and Bill & Melinda Gates Foundation Partner to Expand Availability of Financial Services through Mobile Phones.

Mar 07, 2009 ... The GSMA, which represents the interests of the worldwide mobile communications industry, and the Bill & Melinda Gates Foundation announced an innovative programme that will expand the availability of financial services to millions of people in the developing world through mobile phones ....

Fairview Capital to Seek Representation on Mac-Gray's Board.

Mar 07, 2009 ... Fairview Capital Investment Management, LLC (oFairviewo) announced that Darlington Partners, L.P. (oDarlingtono), an investment partnership it manages, gave notice to Mac-Gray Corporation (oMac-Grayo) (NYSE: TUC) that Darlington intends to nominate two independent candidates for election ...

Tri-Continental Corporation Announces Purchase Price of Tendered Shares Accepted in Cash Tender Offer.

Mar 07, 2009 ... Tri-Continental Corporation (the oCorporationo) (NYSE: TY) announced that in accordance with its cash tender offer to repurchase up to approximately 12.5% of its issued and outstanding shares of common stock (the oCash Offero), which expired yesterday, February 11, 2009, the Corporation ...

Apparel Companies Continue to Face Cash Squeeze: Bibby Financial Services Sees New Opportunities with High-Quality Credits.

Mar 07, 2009 ... Financing options for the apparel industry continue to decline with even some factoring options getting tougher to come by, Robert Sawyer, Senior Vice President, Bibby Financial Services, said at MAGIC, the worldEs largest fashion trade event being held in Las Vegas, NV. oItEs ...

Marshall & Ilsley Corporation Announces Dividend on Common Stock and Senior Preferred Stock, Series B.

Mar 07, 2009 ... Marshall & Ilsley Corporation (M&I) announced its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share on its common stock. The dividend is payable on March 13, 2009, to common stock shareholders of record at the close of business on March 2, 2009. ...

Symetra Introduces New Protector Series Life Insurance.

Mar 07, 2009 ... Symetra Life Insurance Company announced the launch of the Protector Series, term life insurance that helps protect family members from financial burden when they lose a loved one. The Protector Series features two new products, Symetra Mortgage Protector and Symetra Protector Term Life ...

Invesco AimSM Receives Gold Medal for Best Public Home Page.

Mar 07, 2009 ... Invesco Aim announced that the home page of its public web site, www.invescoaim.com, has been awarded the gold medal in Corporate InsightEs 8th annual Mutual Fund Monitor Awards. Corporate Insight, a market research and consulting firm specializing in delivering competitive ...

Alexander Doll to Join Lazard as Managing Director, Financial Advisory.

Mar 07, 2009 ... Lazard Ltd (NYSE:LAZ) announced that Alexander Doll will join the firm as a Managing Director in its Financial Advisory business in Germany. Mr. Doll will join Lazard in May after eight years with UBS in Germany, where he has advised the public sector and European companies on transactions ...

The South Financial Group Declares Cash Dividends on Common Stock and Preferred Stock.

Mar 07, 2009 ... The South Financial Group, Inc. (NASDAQ: TSFG) announced that its Board of Directors has declared a second quarter 2009 cash dividend in the amount of $0.01 per common share. This dividend will be paid on May 1, 2009 to common shareholders of record as of April 15, 2009. Also, ...

Amen Properties, Inc. Announces Intent to Voluntarily Delist and Deregister its Common Stock.

Mar 07, 2009 ... Amen Properties, Inc. (Nasdaq-CM:AMEN), announced that it has notified the Nasdaq Stock Market of its intent to voluntarily delist its common stock from the Nasdaq Capital Market, and that it intends to voluntarily deregister its common stock under the Securities Exchange Act of 1934 and ...

Federal Credit Union to Implement Impact 360 for Retail Financial Services Solution from Verint Witness Actionable Solutions.

Mar 07, 2009 ... Verint[R] Systems Inc. announced that Bethpage Federal Credit Union is implementing the Impact 360[R] for Retail Financial Services Workforce Management solution u which includes forecasting, scheduling and strategic planning functionality u from Verint[R] Witness Actionable Solutions[R] ....

AuthenTec Reports Fourth Quarter and Full Year 2008 Financial Results.(Financial report)

Mar 07, 2009 ... AuthenTec (NASDAQ:AUTH), the worldEs leading provider of fingerprint sensors and solutions, reported financial results for the fourth quarter and full year ended January 2, 2009. Financial and Business Highlights: Full year revenue for 2008 increased 22 percent to $63.9 million ...

TheStreet.com Reports Fourth-Quarter and Full-Year 2008 Financial Results.(Financial report)

Mar 07, 2009 ... TheStreet.com, Inc. (Nasdaq: TSCM), a leading financial media company, announced its financial results for the fourth quarter and full year ended December 31, 2008. Fourth-Quarter and Full-Year 2008 Results For the quarter ended December 31, 2008, TheStreet.com reported total revenue of ...

Hylant Financial Services Receives Retirement Plan Advisory Award.

Mar 07, 2009 ... Hylant Financial Services, a division of Hylant Group, was recently awarded the honor of being named one of the Most Successful Retirement Plan Adviser Teams in the nation by PLANSPONSOR Magazine. PLANSPONSOR measures success by dollar value of qualified plan assets under advisement, ...

TIMET Declares Dividend on 6-3/4% Series a Preferred Stock and Suspends Regular Quarterly Common Stock Dividend.

Mar 07, 2009 ... Titanium Metals Corporation ("TIMET") (NYSE:TIE) announced that its board of directors has declared a quarterly dividend of $0.84375 per share on its 6-3/4% Series A Preferred Stock, payable on March 18, 2009 to stockholders of record as of the close of business on March 4, 2009. TIMET ...

The Bank of New York Mellon Appoints Art Certosimo to Executive Committee.

Mar 07, 2009 ... The Bank of New York Mellon (NYSE:BK) has appointed Art Certosimo to its Executive Committee, the company's senior management committee that oversees day-to-day operations and sets strategy and policies. Certosimo is currently executive vice president and head of Broker-Dealer ...

First Keystone Financial Announces First Quarter Results.(Financial report)

Mar 07, 2009 ... First Keystone Financial, Inc. (NASDAQ: FKFS), the holding company for First Keystone Bank (the oBanko), announced net loss for the quarter ended December 31, 2008 of $63,000, or $0.03 per diluted share, compared to net income of $232,000, or $0.10 per diluted share, for the same period ...

HNI Corporation Announces Results for Fourth Quarter and Year-End - Fiscal 2008.

Mar 07, 2009 ... HNI Corporation (NYSE: HNI) announced sales of $637.9 million and net income of $8.5 million for the fourth quarter ending January 3, 2009. Net income per diluted share for the quarter was $0.19 or $0.45 on a non-GAAP basis when excluding restructuring and impairment charges and favorable ...

Marchex Reports Fourth Quarter and Full Year 2008 Financial Results, Increases Stock Repurchase Program.(Financial report)

Mar 07, 2009 ... Marchex, Inc. (NASDAQ:MCHX), a leading local search and performance advertising company, reported its results for the fourth quarter of 2008 and full year ended December 31, 2008. Fourth Quarter 2008 Consolidated Financial Results Revenue was $34.8 million for the fourth quarter of 2008, ...

Financial Security Sentiments Hit New Low.

Mar 07, 2009 ... The level of confidence Americans have about their own financial security can't find bottom under the weight of a struggling economy. The latest COUNTRY Financial Security Index(SM) reveals a steady six-month decline in Americans' sentiments about their overall financial security, falling ...

Pacholder High Yield Fund, Inc. Auction Rate Cumulative Preferred Shares Q&A March 6, 2008 as Updated February 17, 2009.

Mar 07, 2009 ... Since February 2008, most auctions for preferred shares of closed-end funds and auction rate securities of other issuers have failed. The weekly auction for the auction rate cumulative preferred shares (the oPreferred Shareso) issued by the Fund has failed since February 13, 2008. This Q&A ...

TIB Bank Assumes Deposits of Riverside Bank of the Gulf Coast from FDIC.

Mar 07, 2009 ... TIB Financial Corp. (NASDAQ:TIBB), announced that its lead bank, TIB Bank, assumed as of the close of business on February 13, 2009, all the deposits (excluding brokered deposits) of Riverside Bank of the Gulf Coast from the Federal Deposit Insurance Corporation. The final accounting ...

Credit Suisse/Tremont Hedge Fund Index Confirms January Performance Up 1.09%.

Mar 07, 2009 ... Final Performance for the Credit Suisse/Tremont Hedge Fund Index was up 1.09% in January, according to Oliver Schupp, President of Credit Suisse Index Co., Inc. Mr. Schupp said, oHedge funds showed signs of a rebound last month, finishing up over 1% despite U.S. equity markets experiencing ...

MBIA Establishes Separate Public Finance Bond Insurance Company and Advances Transformation Strategy.

Mar 07, 2009 ... MBIA Inc. (NYSE: MBI) announced that it has established a new U.S. public finance financial guarantee insurance company within the MBIA Inc. group by restructuring (the oTransformationo) its principal insurance subsidiary, MBIA Insurance Corporation (oMBIA Corp.o). As part of the ...

Greg Rand, Managing Partner of Prudential Rand Realty Available for Interviews on President Obama's Foreclosure Prevention Plan.

Mar 07, 2009 ... The foreclosure prevention plan signed into law by President Obama today will help stem the decline in home prices and let thousands of home owners stay in their homes, according to Greg Rand, managing partner with Prudential Rand Realty in White Plains, N.Y., one of the largest real ...

Complete CFSI Underbanked Consumer Study Now Available.

Mar 07, 2009 ... The Center for Financial Services Innovation (CFSI) is announcing today the availability of the complete CFSI Underbanked Consumer Study for purchase. Included will be the full study results and tailored business recommendations for serving the underbanked population from CFSI, the leading ...

Fifth Third Processing Solutions Enters Hawaii with Two New Contracts.

Mar 07, 2009 ... Fifth Third Processing Solutions is pleased to announce that two Hawaii-based credit unions have recently signed contracts for electronic fund transfer services, including gateway access, ATM driving and debit card processing. These processing contracts represent Fifth Third's first in the ...

Latin American Private Equity Remains Relatively Strong Despite Global Economic Crisis, Finds Annual KPMG Poll of PE Executives.

Mar 07, 2009 ... Private equity (PE) investors in Latin America don't expect the region's deal market to begin recovery until possibly 2010, but say it continues to offer greater investment opportunity than many other areas, according to the 2009 Annual Latin America Private Equity Survey of PE ...

Medallia Delivers Record Financial Performance Despite Souring Economy: Triples Revenues in the Hard-Hit Retail and Financial Services Sectors.(Company overview)

Mar 07, 2009 ... Medallia, the global leader in Enterprise Feedback Management (EFM) solutions, announced strong FY 2008 results. The company sustained its historical revenue growth rate of more than 50% for the year. And in two of the industries hit hardest by the current economic downturn u financial ...

DST Output Supports Financial Services Market With New Summary Prospectus Solution.

Mar 07, 2009 ... DST Output, provider of customer communication output solutions to many of the country's largest financial services companies, announced eProspectusDirect, a summary prospectus delivery solution that enables mutual fund companies to establish compliance with the SEC's new Summary ...

Neverfail and Richard Fleischman Associates Deliver Remote Disaster Recovery to More Than 150 Financial Firms.

Mar 07, 2009 ... Financial firms succeed and fail based on the timing of the markets, and downtime can cost millions of dollars. To eliminate this risk, business continuity software provider Neverfail(R) and Richard Fleischman Associates (RFA), a provider of outsourced technology and IT services, have ...

Orrstown Names Successor President and CEO.

Mar 07, 2009 ... Joel R. Zullinger, Chairman of the Board of Directors of Orrstown Financial Services, Inc., announced that Thomas R. Quinn, Jr. has been selected to succeed Kenneth R. Shoemaker as President and Chief Executive Officer of the company and its subsidiary, Orrstown Bank. The appointment will ...

The Morgan Stanley High Yield Fund, Inc. Declares Monthly Income Dividend.

Mar 07, 2009 ... The Morgan Stanley High Yield Fund, Inc. (NYSE: MSY) declared today a monthly dividend of $0.03500 per share of net investment income. EX-DATERECORD DATEPAYABLE DATE 02/25/09 02/27/09 03/13/09 The Morgan Stanley High Yield Fund, Inc. (the ...

Hanmi Financial Corp. Appoints Paul Kim to Its Board of Directors.

Mar 07, 2009 ... Hanmi Financial Corporation (Nasdaq: HAFC), the holding company of Hanmi Bank, announced that Paul Seon-Hong Kim has been appointed to the Company's Board of Directors and to the Board of Directors of Hanmi Bank. Mr. Kim, who began his banking career in 1971 with the Korea Long ...

John Frey Joins QuoteMedia, Formerly of Thomson Financial, ILX Systems and Southwest Securities.

Mar 07, 2009 ... QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced the appointment of Mr. John G. Frey as Director of Corporate Sales. Mr. Frey brings to QuoteMedia over 20 years of experience in providing ...

Gersten Savage Announces Specialized Practice to Advise Hedge Funds on Madoff Impact.

Mar 07, 2009 ... The law firm of Gersten Savage, LLP has formed an interdisciplinary practice to advise hedge funds, investment funds and institutional investors on potential consequences arising from the Bernard Madoff fraud and other aspects of the current financial crisis, the firm announced. ...

TD Bank Financial Group Management Proxy Circular Now Available.

Mar 07, 2009 ... TD Bank Financial Group (TDBFG) announced that it has mailed its Notice of Annual Meeting of Common Shareholders and Management Proxy Circular to common shareholders of The Toronto-Dominion Bank. The document is also available online at www.td.com/investor/proxy.jsp. The ...

Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Concerning the Oppenheimer Champion Income Fund.

Mar 07, 2009 ... Coughlin Stoia Geller Rudman & Robbins LLP (oCoughlin Stoiao) (http://www.csgrr.com/cases/oppenheimerchampion/) announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf all persons or entities who purchased or held ...

GAMCO Reports Full Year 2008 Fully Diluted Earnings Per Share of $0.89.(Financial report)

Mar 07, 2009 ... GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) announced full year 2008 earnings of $0.89 per fully diluted share versus $2.79 per fully diluted share in 2007. In 2008, the Company earned $1.90 per fully diluted share from operations before investment losses versus $2.24 per share in 2007. ...

Geezeo Launches White Label Personal Finance Management Solution.

Mar 07, 2009 ... Geezeo.com today launched Spectrum an integrated suite of online Personal Finance Management (PFM) tools. Spectrum is designed so that financial organizations can offer the budgeting and personal finance tracking tools their customers are demanding. Geezeo is a leading personal ...

Stratasys Reports Fourth Quarter and Full Year Financial Results.(Financial report)

Mar 07, 2009 ... Stratasys, Inc. (Nasdaq:SSYS) announced fourth quarter and full year financial results. Revenue rose to $31.9 million for the fourth quarter ended December 31, 2008 over the $30.2 million reported for the same period in 2007. Revenue from proprietary products and services for ...

Safety Declares First Quarter 2009 Dividend and Schedules Year-End 2008 Events.

Mar 07, 2009 ... The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.40 per share quarterly cash dividend on its issued and outstanding common stock, payable on March 13, 2009, to shareholders of record at the close of business on March 2, 2009. Safety plans ...

Trans-India Acquisition Corp. Receives Notification Letter from NYSE Alternext US.

Mar 07, 2009 ... Trans-India Acquisition Corp. (NYSE Alternext US: TIL) (NYSE Alternext US: TIL-U) announced that on February 10, 2009 it received notice from the NYSE Alternext US LLC (NYSE Alternext US) advising Trans-India that it does not meet certain of the continued listing standards as set forth in ...

SE Financial Corp. Announces Cash Dividend.

Mar 07, 2009 ... SE Financial Corp. (SEFL) announced that its Board has declared a cash dividend of $.03 per share payable on or about March 17, 2009 to stockholders of record as of March 3, 2009. The cash dividend is being paid to provide a return to stockholders after considering the equity ...

Priceline.com Reports Financial Results for 4th Quarter and Full-Year 2008.(Financial report)

Mar 07, 2009 ... Priceline.com Incorporated (Nasdaq: PCLN) reported its financial results for the 4th quarter and full-year 2008. Gross travel bookings for the 4th quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 22.9% ...

Michael Feldman Joins Union Bank as National Sales Manager for Retail Banking.

Mar 07, 2009 ... Union Bank, N.A., announced that industry veteran Michael Feldman has joined the bank as national sales manager for the Retail Banking division. In this capacity, he will have direct oversight for the divisionEs deposit and asset growth, focusing on delivering exceptional customer service ...

Volcom Reports Financial Results for 2008 Fourth Quarter and Full Year.(Financial report)

Mar 07, 2009 ... Volcom, Inc. (NASDAQ: VLCM) announced financial results for the fourth quarter ended December 31, 2008. For the 2008 fourth quarter, total consolidated revenues were $69.6 million compared with $69.1 million in the fourth quarter of 2007. Total revenues in the companyEs U.S ....

DealerTrack Holdings Reports Fourth Quarter and 2008 Financial Results.(Financial report)

Mar 07, 2009 ... DealerTrack Holdings, Inc. (Nasdaq: TRAK) reported financial results for the fourth quarter and year ended December 31, 2008. GAAP Results for the Fourth Quarter 2008 Revenue for the quarter was $54.7 million, as compared to $60.7 million for the fourth quarter of 2007. GAAP net ...

MutualFirst Financial Announces Annual Meeting Date.

Mar 07, 2009 ... MutualFirst Financial, Inc. (NASDAQ:MFSF), will hold its annual meeting of stockholders at the Bank's headquarters at 110 E. Charles Street, Muncie, Indiana on April 22, 2009 at 3:00 p.m. local time. The Record Date for voting has been set for March 2, 2009. MutualFirst ...

Newton Wins New Unconstrained UK Equity Mandate.

Mar 07, 2009 ... Newton* has been awarded a US$130m (90m pounds Sterling) unconstrained UK equity mandate by Merseyside Pension Fund. The mandate will be managed by members of the UK Equity team at Newton. Newton has been managing UK equity mandates for 30 years and currently manages more than ...

Carnegie Investment Bank AB: Management Changes within Carnegie.

Mar 07, 2009 ... In conjunction with the announcement from the Swedish National Debt Office to divest Carnegie Investment Bank AB on 11 February, Mikael Ericson informed the Board of Directors that he is placing his position at their disposal. Accordingly, the Board has resolved to appoint ...

Jon Winkelried to Retire as President and Co-Chief Operating Officer of Goldman Sachs.

Mar 07, 2009 ... The Goldman Sachs Group, Inc. (NYSE:GS) announced that Jon Winkelried, the firmEs President and Co-Chief Operating Officer and a member of its Board of Directors, would be retiring effective March 31, 2009. Mr. Winkelried has been with the firm since 1982 and served as President and ...

Emclaire Financial Corp. Announces Quarterly Dividend.

Mar 07, 2009 ... The Board of Directors of Emclaire Financial Corp. (OTCBB: EMCF), the parent holding company of the Farmers National Bank of Emlenton, declared a quarterly cash dividend on February 18, 2009 of $0.32 per common share payable on March 20, 2009, to shareholders of record on March 2, 2009 ....

RiskMetrics Group to Acquire Innovest.

Mar 07, 2009 ... RiskMetrics Group, Inc., a leading provider of risk and corporate governance services to participants in the global financial markets, announced that it has agreed to acquire Innovest Strategic Value Advisors. Headquartered in New York, Innovest is a leading provider of sustainability ...

Advisors Asset Management AAM Sponsors Record Fixed Income Municipal UIT Offering.

Mar 07, 2009 ... Advisors Asset Management, Inc. (AAM), a leading investment solutions partner, announced the introduction of the largest fixed income Unit Investment Trust (UIT) to date, the Insured Tax Exempt Municipal (oITEMo) Portfolio. SMC Fixed Income Management, LP (FIM) is the portfolio advisor for ...

UCBH Holdings, Inc. Declares Series B Preferred and Common Stock Dividends.

Mar 07, 2009 ... UCBH Holdings, Inc. (NASDAQ: UCBH) announced that its Board of Directors has declared dividends on both the Series B Preferred Stock and Common Stock of the Company. The quarterly cash dividend of $21.25 per share was declared on the 8.50% Non-Cumulative Perpetual Convertible ...

Sagent Advisors Hires Veteran Banker Bill Kohr to Bolster Its Automotive and Industrial Practices.

Mar 07, 2009 ... Sagent Advisors (oSagento), a leading independent M&A advisory firm, announced that veteran Citigroup and Donaldson, Lufkin & Jenrette (DLJ) banker Bill Kohr has joined the firm as a Managing Director and Head of SagentEs new Chicago office. A longtime advisor to some of the largest ...

David Johanneson Named President and Chief Executive Officer of Navistar Financial Corporation.

Mar 07, 2009 ... David Johanneson, a 36-year veteran in the truck industry, has been named president and chief executive officer of Navistar Financial Corporation, a wholly owned subsidiary of Navistar International Corporation (NYSE: NAV). Johanneson has held several sales, marketing and ...