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TORM Appoints new CFO |
Danish shipper D/S has appointed Roland M. Andersen as its new Chief Financial Officer (CFO).
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| Editor Posted Wednesday, March 05, 2008 |
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O’Reilly Automotive reports 2007 net income grew almost 9% |
| O’Reilly Automotive reported 2007 net income grew 8.9 percent as sales surpassed $2.5 billion and new stores for the year neared 2007. Net income for the quarter ended Dec. 31 was $40.6 million, a 0.6 percent increase from $40.4 million in the same period in 2006. Sales were $604 million, up 8.2 percent from $558 million a year ago, and earnings per share held steady at 35 cents on 116.3 million shares, compared to 35 cents on 115.4 million shares a year ago. |
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| Editor Posted Tuesday, March 04, 2008 |
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NEUROGEN CORP LAYOFFS |
| On the 6th Feb 2008 NEUROGEN CORP announced that it had reduced its workforce by approximately 70 employees, as part of a restructuring plan to focus the Company's resources on advancing clinical assets. Affected employees will be eligible for a severance package that includes severance pay, continuation of benefits and outplacement services. |
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| Editor Posted Wednesday, February 27, 2008 |
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Zareba Systems, Inc Q2 Results |
| Zareba Systems, Inc. (ZRBA) announced its results for Q2 and first half of fiscal year 2008. Net sales for the Q2 fiscal 2008 were $6.5 million, versus $6.4 million for the same quarter in the prior year. |
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| Editor Posted Tuesday, February 26, 2008 |
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Taylor Capital Group Q4/07 |
| Taylor Capital Group, Inc. (TAYC) a holding company for Cole Taylor Bank announced financial results for Q4/07 - reporting a net loss compared to profit in the year ago period. This is mainly due to charges and higher expenses. |
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| Editor Posted Monday, February 25, 2008 |
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Sirius Satellite Radio Q4 Announcement |
Sirius Satellite Radio announced that it plans to release Q4 and full year 2007 financial and operating results on Feb 26. Sirius also plans to hold a conference call at 8 am ET to discuss these results.
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| Editor Posted Wednesday, February 20, 2008 |
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Outperform Rating for Aftermarket Technology Corp (ATAC) |
| Analysts maintain an "outperform" rating on Aftermarket Technology Corp (ATAC) while reducing their estimates for the company (the target price has been reduced from $37 to $28). In a research note the analysts mention that the company has posted its Q4 results in line with expectations which has been driven by robustness in its logistics business. |
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| Editor Posted Monday, February 18, 2008 |
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TeamStaff Reports First Quarter Net Income |
| TeamStaff Inc, (Nasdaq: TSTF - a national provider of healthcare and administrative staffing services) announced its financial results for the first quarter ending 31-Dec 2007. Income from operations for the three months ended 31-Dec 2007 was $0.1 million as compared to a loss of $0.8 million in the comparable quarter last year. |
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| Editor Posted Saturday, February 16, 2008 |
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Microsoft Departures |
| Microsoft announced the departure of several senior executives, among them a Silicon Valley veteran recruited to help fix its unprofitable internet business and one in charge of marketing Windows Vista. The departures come just two weeks after Microsoft offered to buy Yahoo! A Microsoft spokesman said that the announcement is unrelated to the Yahoo! negotiations. |
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| Editor Posted Friday, February 15, 2008 |
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Mattson Technology Inc (MTSN) Downgraded |
| Analysts at Caris & Company downgraded Mattson Technology Inc (MTSN) from Above-Average to Average while reducing their estimates for the company. The target price has been reduced from $8.50 down to $6.00. In a research note published earlier the analysts say that Mattson Technology’s etching business has not received the orders expected in Q4/07 and so is unlikely to significantly boost the company’s performance in 2008. |
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| Editor Posted Thursday, February 14, 2008 |
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Netgear Promotes Gorjanc to CFO |
| Netgear (NTGR) said it promoted Chief Accounting Officer Christine Gorjanc to the position of Chief Financial Officer effective immediately. The Santa Clara, CA computer equipment company said Gorjanc replaces Jonathan Mather who left in Nov 2006. "Christine has provided invaluable leadership to the finance team throughout her tenure," said Chief Executive Patrick Lo. "She has helped build a world-class organization with a reputation for sound financial operations, reporting transparency, and strong internal controls." |
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| Editor Posted Wednesday, February 13, 2008 |
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Pixelworks Reports Q4/07 Financial Results |
| Pixelworks, Inc. (PXLW - an innovative provider of powerful video and pixel processing technology) announced Q4/07 revenue was $27.0 million, at the high end of management guidance, reflecting strength in the Company's core projector & advanced television businesses as well as sales of legacy products. Revenue for the fourth quarter represented a 4% sequential decrease from $28.1 million in the third quarter of 2007 and a decrease of 10% from $29.8 million in the fourth quarter of 2006. |
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| Editor Posted Tuesday, February 12, 2008 |
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Taylor Capital Group, Inc. (TAYC) Financial Results |
Taylor Capital Group, Inc. (TAYC) a holding company for Cole Taylor Bank reported a net loss in Q4 compared to profit in the year ago period, primarily on charges & higher expenses.
The Rosemont, Illinois based company reported a Q4 net loss of $29 million or $2.78 per share, compared to a net income of $12 million or $1.09 per share in the Q4 last year. |
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| Editor Posted Monday, February 11, 2008 |
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Initiating Innophos Holdings At Outperform |
| Credit Suisse initiated coverage of Innophos Holdings Inc (IPHS) with an "outperform" rating and a price target of $15. Innophos has a 5.7% dividend yield, stable end markets and substantial defensive characteristics. Negatives include limited growth, high debt and Bain Capital's circa 50% stake which represents a substantial overhang and hurts the float. |
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| Editor Posted Saturday, February 09, 2008 |
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Credit Suisse initiated coverage of Innophos Holdings Inc. |
Credit Suisse initiated coverage of IPHS (Innophos Holdings Inc) with an Outperform rating and a target price of $15.
IPHS has a 5.7% dividend yield, stable end markets and substantial defensive characteristics. On the down side there's limited growth, relatively high debt, and Bain Capital's 50% stake which represents a substantial overhang impeding the float. |
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| Editor Posted Friday, February 08, 2008 |
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Delta Natural Gas Company (DGAS) |
| The board of directors of Delta Natural Gas Company, Inc. (Nasdaq: DGAS) at a meeting held November 15, 2007, authorized a quarterly stock dividend of thirty-one cents ($.31) per share to be paid December 15, 2007 to all common shareholders of record as of November 30, 2007. |
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| Editor Posted Thursday, February 07, 2008 |
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Hawthorn Bancshares Inc |
| Hawthorn Bancshares (HWBK) declares quarterly dividend of $0.21 per share. |
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| Editor Posted Monday, February 04, 2008 |
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Moldflow Q1 Profit Declines On Higher Costs |
| Moldflow Corp (computer software solutions) announced lower net income for Q1 on higher costs. The Massachusetts based company's Q1 GAAP net income was $1.3m or 10c per share compared to $1.7m or 14c per share in Q1/07. |
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| Editor Posted Saturday, February 02, 2008 |
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National Security Group Q3 Profit Declines |
National Security Group Inc (NSEC) reported 3rd Qtr net income of $1.5m or $0.61 per share which is lower than Q3/07 which was $1.8m or $0.74 per share. Quarterly total revenues declined to $17.39m from $17.52m in the same quarter in 2007.
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| Editor Posted Saturday, February 02, 2008 |
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Cepheid Extended Its New High |
| Cepheid (CPHD) extended its new high on Friday adding to gains from the previous session. CPHD rallied at market opening before falling slightly around mid-day trading. Shares finished up $1.33 at $30.83. The stock broke through resistance on Thursday and ended up $2.70 by the close of business. |
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| Editor Posted Friday, February 01, 2008 |
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