Tag: New York

Willis Lease Finance Corporation Announces Preliminary Results of Its Modified Dutch Auction Tender Offer

NOVATO, Calif., Dec. 17, 2015 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (the “Company”) (NASDAQ:WLFC) today announced the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on December 16, 2015. Based on the preliminary information received from American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of 643,821 shares of the Company’s common stock were validly tendered and not validly withdrawn at or below the purchase price of $18.00 per share. This total of 643,821 shares includes 7,081 shares of the Company’s common stock that, as

SUPERCOM, LTD. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP Announces That a Class Action Lawsuit Against SuperCom Ltd. Has Been Filed in United States District Court for the Southern District of New York — SPCB

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has commenced in the United States District Court for the Southern District of New York on behalf of purchasers of SuperCom Ltd. (“SuperCom”) (NASDAQ:SPCB) common stock during the period between June 1, 2015 and November 27, 2015, inclusive (the “Class Period”). Shareholders who incurred losses on shares  purchased within the Class Period are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. If you purchased  shares  of  SuperCom, Ltd., you may, no later than

City National Bank to Increase Its Prime Interest Rate to 3.50 Percent

LOS ANGELES, Dec. 16, 2015 (GLOBE NEWSWIRE) — City National Bank today announced that it will increase its prime lending rate from 3.25 percent to 3.50 percent, effective December 17, 2015. About City National With $35.6 billion in assets, City National Bank provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta.  In addition, the company and its investment affiliates manage or administer $59.4 billion in client investment assets. City National is a subsidiary of Royal Bank of Canada (RBC), one of

BioShares Biotechnology ETFs Complete Semi-Annual Rebalance and Recomposition; Celebrate 1-Year Anniversary (Nasdaq: BBC, BBP)

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) — LifeSci Index Partners, LLC (“LSIP”), a New York City-based investment advisor and index provider, today announced the completion of its semi-annual rebalancing and recomposition for its BioShares Biotechnology exchange-traded funds (ETFs), which trade under the symbols BBC and BBP on Nasdaq. These passively-managed funds are designed to track their respective, rules-based indexes. The BioShares Biotechnology Funds are the only ETFs to separate Clinical Trials stage companies and Products stage companies into two distinct funds. The BioShares Biotechnology Clinical Trial Fund (Nasdaq:BBC) and BioShares Biotechnology Product Fund (Nasdaq:BBP) offer investors exposure to these

Paying by Plastic Changes Tipping Behavior, says Auriemma Consulting Group Survey of Consumers

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) — Tipping for service may be a cultural norm in the US, but prompts at point of sale can greatly affect who gets tipped and how much, according to new report by Auriemma Consulting Group (ACG). The firm’s latest Cardbeat ® survey of 800 US credit cardholders found that presenting consumers with the opportunity to add a tip when they pay by credit card can increase tipping behavior by almost a third. When queried about their normal habits, the vast majority of consumers (93%) say they typically tip their servers in a restaurant,

Happy Cheap Year! CheapTickets.com Reveals Top New Year’s Destinations Along With Ways to Save

Hotels Just Outside the Action Put New Year’s Travelers Near the Nation’s Biggest Celebrations Without Big City Price Tags Plus Save 10 Percent on Event Tickets on CheapTickets.com and Get a Chance to Win a Free New Year’s Eve Trip CHICAGO, Dec. 16, 2015 (GLOBE NEWSWIRE) —  Don’t let the high price of New Year’s Eve accommodations keep you from big city celebrations. CheapTickets.com®, a leading seller of discounted travel products, has identified the top ten destinations for ringing in 2016 and offers affordable nearby alternatives that let you stay close to the action without the hefty price tag.1 CheapTickets.com

Cybersecurity Ignorance is Big Risk for Law Firms & Corporate Counsel, ALM Legal Intelligence Analysts Find

Nearly one-third of law firms have not undertaken a formal information, security and privacy assessment. 95% of corporate counsel believe that cybersecurity breaches are becoming more frequent in their industries. 27% of corporate counsel and 47% of law firms say their companies do not regularly test their cybersecurity programs. NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) —  ALM Legal Intelligence’s inaugural cybersecurity study of law firms and corporate counsel has found legal professionals recognize that cyber-attacks pose an unprecedented danger to their clients and businesses, but struggle to implement adequate solutions to mitigate the threat. In two reports released today

Cohen Milstein Sellers and Toll PLLC Announces the Investigation of Checkpoint Systems, Inc. – CKP

WASHINGTON, D.C., Dec. 16, 2015 (GLOBE NEWSWIRE) — Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether Checkpoint Systems, Inc. (“Checkpoint” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. A class action lawsuit was filed in the U.S. District Court for the District of New Jersey by another law firm on behalf of purchasers of the common stock of Checkpoint Systems, Inc. (NYSE:CKP) between March 5, 2015 and November 3, 2015, inclusive (the

Guggenheim Introduces Innovative Dividend-Focused Approach with Launch of Yield-Weighted Dow Jones Industrial Average® ETF

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of Guggenheim Dow Jones Industrial Average® Dividend ETF (NYSE Arca:DJD). Guggenheim, which pioneered strategic beta with the introduction of Guggenheim S&P 500® Equal Weight ETF (RSP) in 2003, created DJD to provide investors with focused access to some of the highest-yielding securities in the Dow Jones Industrial Average® (DJIA). Comprised of 30 well-known, mega-cap U.S. companies, the price-weighted DJIA® was created in 1896 and remains one of the world’s most widely followed market indices. “DJD

Update Highlights VerifyMe’s Achievements Over the Past Quarter and Provides Upcoming Goals and Strategic Milestones

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) — VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented cyber, physical and biometric technology solutions that prevent identity theft, counterfeiting and fraud (“VerifyMe” or the “Company”), today provides a corporate update and business outlook. “Over the past few months we have been able to focus on building the business, which includes developing a robust sales pipeline, and advancing a number of customer deals. As we build on relationships with our existing partners and reach out to new customers, we are consistently hearing that our solutions are unique, meet or exceed customer requirements, and fit

Union Membership Ratifies Four-Year Labor Contract at East Boulder Mine

LITTLETON, Colo., Dec. 15, 2015 (GLOBE NEWSWIRE) — Stillwater Mining Company (NYSE:SWC) reported today that union employees at the Company’s East Boulder Mine, represented by the USW International Union Local 11-0001, have ratified a new four-year labor agreement. Commenting on the new contract, Mick McMullen, the Company’s President and Chief Executive Officer stated, “I would like to thank the negotiating teams from the Company and the Union and the East Boulder employees for their efforts in reaching this agreement. The new agreement essentially rolls forward the previous contract. The contract includes a provision for no increase in base wages for

Spark Therapeutics Announces Pricing of Public Offering

PHILADELPHIA, Dec. 15, 2015 (GLOBE NEWSWIRE) — Spark Therapeutics, Inc. (“Spark”) (NASDAQ:ONCE) announced today the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $47.00 per share, before underwriting discounts. The offering consists of 2,000,000 shares being sold by Spark and 1,000,000 shares being sold by The Children’s Hospital of Philadelphia Foundation (“CHOP”), resulting in aggregate net proceeds of approximately $88.4 million to Spark and approximately $44.2 million to CHOP, after deducting underwriting discounts and before offering expenses. In addition, Spark and CHOP have granted the underwriters of the offering

Third Manhattan Hotel Property Auctioned as Part of Gemini Real Estate Advisors Chapter 11 Petitions

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — The purchaser of the third of the four Manhattan hotel properties that filed Chapter 11 petitions on Sept. 3, 2015, under the auspices of Gemini Real Estate Advisors (“Gemini”) was decided today in the U.S. Bankruptcy Court for the Southern District of New York. Fortuna 37 West 24th Street LLC submitted the final winning bid of $60 million, outbidding stalking horse bidder Bridgeton Acquisitions LLC in the auction for the Wyndham Garden Flatiron District, located at 37 West 24th St. The deal is expected to close in early 2016. “Today’s proceeding moves

HCI Group Authorizes $20 Million Stock Repurchase Program

TAMPA, Fla., Dec. 15, 2015 (GLOBE NEWSWIRE) — The board of directors of HCI Group, Inc. (NYSE:HCI) has authorized a plan to repurchase up to $20 million of the company’s common shares until December 31, 2016, subject to market conditions. The plan permits the company to periodically repurchase shares for cash in open market purchases, block transactions and privately negotiated transactions in accordance with applicable federal securities laws. Moreover, the share repurchase plan may be modified, suspended, terminated or extended by the company any time without prior notice. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet

BankMobile Reaches 100,000 Customers Less Than One Year After Launch; Projected to Reach Two Million by July 2016

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — BankMobile, America’s first absolutely no-fee, mobile, tablet and online bank, today announced it has reached 100,000 customers less than one year after its launch and will have two million customers by July 2016. The bank’s parent company, Customers Bank, will acquire the One Account Student Checking business and related Refund Management Disbursement business of Higher One, Inc., the leading company providing refund disbursements to about 900 higher education campuses across the United States. Customers Bank is merging these businesses with BankMobile for the purpose of creating an ongoing customer acquisition strategy to

AmTrust Financial Services, Inc. Announces Two-for-One Stock Split

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (“the Company” or “AmTrust”) announced today that its Board of Directors approved a two-for-one stock split of the Company’s outstanding common stock.  The split will be implemented by way of a 100% stock dividend payable on February 2, 2016 to shareholders of record at the close of business on January 19, 2016.  Each shareholder will receive an additional share of common stock for each share held as of the close of business on the record date.  “We are pleased to announce this two-for-one stock split, which is

UPDATE — ITG Investment Research Releases Energy Industry and Institutional Investor Survey Poll of Participants at ITG Investment Research Conference

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — ITG Investment Research today released a survey of leading energy industry executives and investors in the public and private equity markets. The survey was conducted at the ITG Investment Research Play by Play Energy Conference in Houston in early December, which drew nearly 300 energy professionals from 118 firms. The conference offered detailed technical presentations by several senior Calgary-based energy analysts from ITG Investment Research and guest presenters, covering established and emerging energy plays across North America including the Eagle Ford, Bakken, Midland, Permian Basin, Marcellus and Utica, among others.  Survey Highlights: Oil

INVESTOR ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving GNC Holdings Inc. and a Lead Plaintiff Deadline of December 28, 2015 – GNC

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Oregon on behalf of investors who purchased GNC Holdings Inc. (NYSE:GNC) securities between May 2, 2013 and October 22, 2015. Click here to learn about the case: http://docs.wongesq.com/GNC-Info-Request-Form-1010. There is no cost or obligation to you. The complaint alleges that throughout the Class Period, Defendants issued materially false and/or misleading information and/or failed to disclose that:  (1) GNC unlawfully sold thousands of units of products in Oregon that contained picamilon;

Lightlake Therapeutics Inc. Receives Milestone Payment for U.S. Food and Drug Administration Approval of NARCAN(R) (Naloxone Hydrochloride) Nasal Spray

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — Lightlake Therapeutics Inc. (“Lightlake”) (OTCQB:LLTP), a specialty pharmaceutical company developing pharmacological treatments for substance use, addictive, and eating disorders, announced today that it has received a $2 million milestone payment from Adapt Pharma Limited (“Adapt”). This milestone payment was triggered by the U.S. Food and Drug Administration (“FDA”) approval of NARCAN® (naloxone hydrochloride) Nasal Spray for the emergency treatment of known or suspected opioid overdose, to be marketed by Adapt, Lightlake’s commercial partner. The FDA approved NARCAN® Nasal Spray on November 18, 2015. Lightlake also expects to receive a $2.5 million milestone

6D Global Technologies Named to CIOReview List of 50 Most Promising IT Service Providers

NEW YORK, Dec. 15, 2015 (GLOBE NEWSWIRE) — 6D Global Technologies, Inc. (NASDAQ:SIXD), a premier digital business solutions company listed on NASDAQ under stock symbol “SIXD,” today announced that it has been named as one of the “50 Most Promising IT Services Providers for 2015” by CIOReview (cioreview.com). The positioning is based on evaluation of 6D Global’s capabilities in web content management, analytics, mobile applications, digital publishing, and marketing management solutions. The annual list of companies is selected by a panel of experts and members of CIOReview’s editorial board to recognize and promote technology entrepreneurship. “6D Global has been on