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Wednesday November 4, 2009
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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) announced recently that it has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI�s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East. Last week CVAT reported a 3-for-1 forward stock split.
Fauquier Bankshares, Inc. (Nasdaq: FBSS) today reported net income of $956,000 for the quarter ended September 30, 2009 as compared with $935,000 for the same quarter in 2008, representing an increase of 2%. Earnings for the third quarter were boosted by several items, the most significant being a $551,000 or 11% increase in net interest income. Earnings per share were $0.26 on a diluted basis for the quarter ended September 30, 2009, as compared with $0.26 per diluted share for the same quarter in 2008.
Levi & Korsinsky is investigating the Board of Directors of Encore Acquisition Co. (NYSE: EAC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Denbury Resources, Inc. (NYSE: DNR). Under the terms of the transaction, Encore shareholders will receive $15.00 in cash and $35.00 in Denbury common stock for each Encore share they own. Denbury has also agreed to assume approximately $1.24 billion of Encore’s debt.
Citizens Republic Bancorp, Inc. (Nasdaq: CRBC) today announced that it will continue its participation in the Federal Deposit Insurance Corporation’s (FDIC) voluntary Transaction Account Guarantee Program (TAGP) under the Temporary Liquidity Guarantee Program through June 30, 2010.
As businesses emerge from the greatest financial crisis in a generation, financial services institutions are rethinking how they will operate in the “reset” economy. To help banks and insurance companies return to profitability in this environment, FICO (NYSE: FICO), a leading provider of analytics and decision management technology, today announced that it has opened registration for FICO World 2010, the 33rd annual edition of the leading international conference on Decision Management.
Texsan Heart Hospital, a licensed acute-care facility with a primary focus on providing cardiovascular care to South Texas residents, will now provide in-network medical care to all commercial and Medicare Advantage members enrolled with Humana Inc. (NYSE: HUM) under terms of a long-term expanded agreement announced today.
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