Day: September 26, 2016

Donnelley Financial Solutions Prices $300 Million Senior Notes Offering

CHICAGO, Sept. 26, 2016 (GLOBE NEWSWIRE) — Donnelley Financial Solutions, Inc. (“Donnelley Financial” or the “Company”) today announced the pricing of its 8.250% Senior Notes due 2024, which we refer to as the senior notes, in the aggregate principal amount of $300 million.  Donnelley Financial also priced its $350 million senior secured term loan B facility under its new credit agreement, under which Donnelley Financial will borrow at 4.00% over LIBOR, subject to a LIBOR floor of 1.00%.  The senior notes initially will be guaranteed, jointly and severally, on an unsecured basis, by each of the Company’s existing and future

LSC Communications Prices $450 Million Senior Secured Notes Offering

CHICAGO, Sept. 26, 2016 (GLOBE NEWSWIRE) — LSC Communications, Inc. (“LSC Communications” or the “Company”) today announced the pricing of its 8.750% Senior Secured Notes due 2023, which we refer to as the senior secured notes, in the aggregate principal amount of $450 million.  LSC Communications also priced its $375 million senior secured term loan B facility under its new credit agreement, under which LSC Communications will borrow at 6.00% over LIBOR, subject to a LIBOR floor of 1.00%.  The senior secured notes initially will be guaranteed, jointly and severally, on a senior secured basis, by each of the Company’s

Flux Power Achieves Current Production Milestones for Lithium-Ion Forklift Batteries; Reviews Q4 and Fiscal 2016 Results

VISTA, Calif., Sept. 26, 2016 (GLOBE NEWSWIRE) — Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications such as electric forklifts and airport ground support equipment, today reviewed recent progress and its financial results for its fourth quarter (Q4 ‘16) and fiscal year ended June 30, 2016 (Fiscal 2016). Flux welcomes all investor questions and will respond to those questions in an online Q&A, details below. Flux’s LiFT Pack solution is designed for walkie pallet jack forklifts, widely used in warehouses and depots, on trucks and at retail locations. An estimated 120,000 electric walkie pallet

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Power Solutions International, Inc. – PSIX

NEW YORK, Sept. 26, 2016 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Power Solutions International, Inc. securities (NASDAQ:PSIX) from May 8, 2015 through August 15, 2016, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Power Solutions investors under the federal securities laws. To join the Power Solutions class action, go to the website at http://www.rosenlegal.com/cases-940.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. NO

Statman, Harris & Eyrich, LLC Announces That a Class Action Lawsuit Has Been Filed Against Wells Fargo Bank, National Association and Wells Fargo & Company

CINCINNATI, Sept. 26, 2016 (GLOBE NEWSWIRE) — A lawsuit filed in the United States District Court for the District of Utah (Mitchel et al., vs. Wells Fargo Bank, National Association & Wells Fargo & Company (Case No. 2:16-cv-00966-CW) alleges Wells Fargo Bank, National Association and Well Fargo & Company (collectively “Wells Fargo”) have engaged “in unethical, and illegal practices called ‘gaming.’” Gaming consists of, among other things, opening and manipulating fee generating customer accounts through often unfair, fraudulent, and unlawful means, such as omitting signatures and adding unwanted secondary accounts to primary accounts without permission. Other practices utilized as part

The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings

GADSDEN, Ala., Sept. 26, 2016 (GLOBE NEWSWIRE) — Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc. (OTCBB:SRNN), the holding company for The Southern Bank Company, announced preliminary unaudited results (subject to audit adjustments following the year-end audit) of operations for the fourth quarter and year ended June 30, 2016: For the three months ended June 30, 2016, the Company reported net loss of approximately $1,242,000, or $(1.61) per basic and diluted share as compared to a net loss of approximately $57,000, or $(0.07) per basic and diluted share, for the three months ended June 30,

CareDx Announces Closing of Public Offering of Common Stock

BRISBANE, Calif., Sept. 26, 2016 (GLOBE NEWSWIRE) — CareDx, Inc. (Nasdaq:CDNA), a molecular diagnostics company focused on the discovery, development and commercialization of clinically differentiated, high-value diagnostic solutions for transplant patients, today announced the closing of its previously announced underwritten public offering of 2,250,000 shares of its common stock at a public offering price of $4.00 per share, before deducting underwriting discounts and commissions and estimated offering expenses payable by CareDx. The net proceeds to CareDx from this offering were approximately $7.8 million, after deducting underwriting discounts and commissions and other estimated offering expenses. Piper Jaffray & Co. acted as sole

MyoKardia Announces Proposed Public Offering of Common Stock

SOUTH SAN FRANCISCO, Calif., Sept. 26, 2016 (GLOBE NEWSWIRE) — MyoKardia, Inc. (Nasdaq:MYOK), a clinical stage biopharmaceutical company pioneering a precision medicine approach for the treatment of heritable cardiovascular diseases, today announced that it has commenced an underwritten public offering of 3,800,000 shares of its common stock. All shares of common stock will be offered by MyoKardia. In addition, MyoKardia expects to grant the underwriters a 30-day option to purchase up to an additional 570,000 shares of common stock at the public offering price, less the underwriting discount. Credit Suisse Securities (USA) LLC and Cowen and Company, LLC are acting

Whole Foods Market Commences Exchange Offer

AUSTIN, Texas, Sept. 26, 2016 (GLOBE NEWSWIRE) — Whole Foods Market, Inc. (NASDAQ:WFM) (the “Company”) commenced today an offer to exchange (the “Exchange Offer”) up to $1.0 billion aggregate principal amount of its outstanding 5.200% Senior Notes due 2025 (the “Original Notes”) for an equal principal amount of its registered 5.200% senior notes due 2025 (the “New Notes”). The terms of the New Notes are identical in all material respects to the terms of the Original Notes and will represent the same debt as the Original Notes except that the New Notes are registered under the Securities Act of 1933,

Overstock.com Sponsors HGTV Urban Oasis Giveaway 2016

SALT LAKE CITY, Sept. 26, 2016 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK) is sponsoring HGTV Urban Oasis® for the second consecutive year, providing furniture and home décor for the craftsman-style home located in Ann Arbor, Michigan. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a343038d-5424-4eb6-a6e8-a842d76ee74d “The HGTV Urban Oasis really showcases the value, variety, and quality of furniture, décor, and other products Overstock offers customers,” said company president Saum Noursalehi. This year’s HGTV Urban Oasis home combines the cozy, craftsman motif with modern-day style by infusing mid-century touches with arts and crafts style accents. HGTV will be giving the home away

MDwise Partners with Valence Health To Support Health Plans

CHICAGO, Sept. 26, 2016 (GLOBE NEWSWIRE) — Valence Health, a leading provider of clinical integration, population health, and value-based care solutions and services, today announced that MDwise has selected the company to help administer certain aspects of the health plan. Jointly sponsored by Eskenazi Health and Indiana University Health, the Indianapolis-based company serves more than 400,000 members and is among the nation’s largest provider-sponsored Medicaid plans. MDwise, established in 1994, has a broad network of doctors and hospitals and was the top-rated Medicaid HMO in Indiana according to National Committee for Quality Assurance (NCQA)’s Medicaid Health Insurance Plan Ratings 2015-2016.

IEDC Honors National Development Council (NDC) President Robert W. Davenport with Lifetime Achievement Award

New York, Sept. 26, 2016 (GLOBE NEWSWIRE) — During the Recognition Dinner at International Economic Development Council’s (IEDC) 2016 Annual Conference hosted in Cleveland, OH, IEDC will present National Development Council (NDC) President Robert W. Davenport with the IEDC Achievement in Economic & Community Development Award. The dinner will take place on Monday, September 26th at The Westin Cleveland Downtown from 6:30-9:00pm. “For more than forty years NDC President Bob Davenport and his work have been a cornerstone in the economic development community,” said IEDC President Jeff Finkle. “His leadership and work at NDC has built an enduring organization that has

Sonoco Announces Price Increase for Paperboard Tubes and Cores

HARTSVILLE, S.C., Sept. 26, 2016 (GLOBE NEWSWIRE) — Sonoco (NYSE:SON) today announced it will raise the price for all paperboard tubes and cores by 6 percent to 10 percent, effective with shipments in the United States and Canada, beginning October 24, 2016. “This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor and other input costs,” said James Harrell, vice president for Sonoco’s North America Tubes and Cores Division. Sonoco is the largest producer of paper-based

Wabash National Corporation Raises $400,000 for Charity with Support from Suppliers

LAFAYETTE, Ind., Sept. 26, 2016 (GLOBE NEWSWIRE) — Wabash National Corporation (NYSE:WNC) raised $400,000 for 17 community organizations at its annual charity golf outing on September 22, held in conjunction with the company’s annual Supplier Conference, which took place on September 23. “Every year I am impressed by the generosity of our supplier partners who support us in giving back to our communities,” said Dick Giromini, president and chief executive officer. “Thanks to our suppliers, this year’s charity golf outing was the most successful event in its history. Wabash National is proud to support and work with local agencies to sustain

Avis Budget Group Announces Closing of €300 Million Senior Notes Offering

PARSIPPANY, N.J., Sept. 26, 2016 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ:CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc, has completed an offering of €300 million aggregate principal amount of 4.125% senior notes due 2024 in a private offering. The Company intends to use the net proceeds of the offering primarily to redeem a portion of its outstanding euro-denominated 6.00% Senior Notes due 2021.  The newly-issued notes are guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries and were issued at par.  “The high level of investor interest

Astronics Announces 15% Class B Stock Distribution

EAST AURORA, N.Y., Sept. 26, 2016 (GLOBE NEWSWIRE) — Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, announced a 15% stock distribution of Class B Stock to holders of both Common and Class B Stock.  Stockholders will receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 11, 2016, with an ex-dividend date of October 6, 2016.  The Company expects the new shares to be distributed on or about October 18, 2016.  Fractional shares will

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date September 15, 2016

NEW YORK, Sept. 26, 2016 (GLOBE NEWSWIRE) — At the end of the settlement date of September 15, 2016, short interest in  2,320  Nasdaq Global MarketSM securities totaled  7,538,279,223  shares compared with  7,371,196,258  shares in  2,329  Global Market issues reported for the prior settlement date of August 31, 2016. The mid-September short interest represents  5.32  days average daily Nasdaq Global Market share volume for the reporting period, compared with  5.23  days for the prior reporting period. Short interest in  772  securities on The Nasdaq Capital MarketSM totaled  656,881,748  shares at the end of the settlement date of September 15, 2016

Miracle Flights Coordinates 595 Life-Saving Flights for August 2016

LAS VEGAS, Sept. 26, 2016 (GLOBE NEWSWIRE) — Miracle Flights, the nation’s leading medical flight charity, ended the summer having performed 595 flights for the month of August. Since its inception in 1985, the nonprofit has coordinated over 103,000 flights and flown over 57 million miles. Patients are flown from all over the U.S, as well as all over the world. Miracle Flights flew 87 total patients in August from eight different countries, including Jamaica, Turkey and Peru, as well as 33 different states. The Las Vegas-based nonprofit recently celebrated its 100,000th flight, having helped patients with rare and life-threatening

Purdue student startup creates zombie board game

Lafayette, Indiana, Sept. 26, 2016 (GLOBE NEWSWIRE) — A Purdue University graduate and entrepreneur is turning his computer graphic knowledge and interest in creating and manufacturing board games into reality through his Lafayette-based startup Wonky Rhino Games. Carl Sommer, founder and CEO, already has his first product, a game that involves finding a cure for zombies called ZORP for Zombie Oblivion Response Pack. Sommer launched a campaign for his game on Kickstarter, an online funding platform, that will conclude on Oct. 23.   “If I receive sufficient funding, some retailers have expressed interest in buying multiple copies to sell from their stores locally,” he said. In ZORP,

One Year Later, Small College’s Big Tuition Cut Pays Off

After Slashing Tuition by 43 Percent, Rosemont College Applications Soar 64 Percent, Entering Class Grows by One Third College Pleased by Success in Reaching ‘Squeezed’ Middle-Income Families and Demystifying Tuition for Them PHILADELPHIA, Sept. 26, 2016 (GLOBE NEWSWIRE) — When Rosemont College – a small, private liberal arts college in suburban Philadelphia – announced a dramatic 43 percent tuition reduction last year, it hoped to attract the attention of middle-income families who were overlooking a private school they considered too pricey. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43eedc6a-8964-43d1-b389-fb52822ada6e A year later, the College’s decision appears to have paid off. Applications