latest news releases from the newsroom
Iridium Communications Inc.
Iridium Partners With Trimble to Support Transport & Logistics Global Expansion
MCLEAN, Va., Oct. 23, 2014 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) today announced an agreement with Trimble (Nasdaq:TRMB) that expands the company's use of satellite communications in its core Transportation and Logistics (T&L) solutions beyond the North American market. Under the agreement, Iridium will provide satellite Machine-to-Machine (M2M) connectivity services for Trimble's T&L solutions in Europe and several other regions of the world. Iridium, a long-time Trimble partner, already provides connectivity for Trimble companies PeopleNet and Geotrac, leading service providers in the Transportation and Fleet Management spaces.
State Bank Financial Corporation
State Bank Financial Corporation Reports Third Quarter Financial Results
ATLANTA, Oct. 23, 2014 (GLOBE NEWSWIRE) -- State Bank Financial Corporation (Nasdaq:STBZ) today announced unaudited financial results for the quarter ended September 30, 2014. Net income for the third quarter of 2014 was $11.5 million, compared to $4.3 million for the third quarter of 2013 and $7.5 million for the second quarter of 2014. Fully diluted earnings per share were $.34 in the third quarter of 2014 compared to $.13 in the third quarter of 2013 and $.22 in the second quarter of 2014.
Artprice lifts the veil on the new Louis Vuitton Foundation in Paris
Saint-Romain Au Mont, France, Oct. 23, 2014 (GLOBE NEWSWIRE) -- A cultural centre on the Champs-Elysees. a Foundation dedicated to artistic creation. and now a superb new museum in the Bois de Boulogne just outside Paris, the French LVMH Group has established itself as a leading institution for Contemporary art in France.
EMCORE Announces the Sale of Its Tunable Laser and Transceiver Product Lines to NeoPhotonics
ALBUQUERQUE, N.M., Oct. 23, 2014 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq:EMKR) a leading provider of compound semiconductor-based components, subsystems, and systems for the fiber optics and space solar power industries, announced today that it has entered into a definitive purchase agreement with NeoPhotonics (Nasdaq:NPTN) under which NeoPhotonics has agreed to purchase EMCORE's tunable laser and transceiver product lines for $17.5 million, consisting of $1.5 million in cash at closing and a $16 million promissory note from NeoPhotonics. The purchase price is subject to certain adjustments for inventory, net accounts receivable and pre-closing revenue levels, which will increase or decrease the principal amount under the promissory note as applicable. The promissory note will mature two years from the closing date, subject to prepayments under certain circumstances, and will be secured by certain of the assets being sold to NeoPhotonics in the transaction. The transaction is subject to customary closing conditions and is currently anticipated to close by early January 2015.
Vical Announces News Release and Conference Call Schedule for Third Quarter 2014 Financial Results
SAN DIEGO, Oct. 23, 2014 (GLOBE NEWSWIRE) -- Vical Incorporated (Nasdaq:VICL) today announced that the company will report financial results for the three and nine months ended September 30, 2014, before the opening of trading on Thursday, October 30, and conduct a conference call and webcast to discuss the financial results and provide a company update at noon Eastern Time on Thursday, October 30. The call will be open on a listen-only basis to any interested parties. The company will also provide a business update, including details on independent and partnered development programs in the conference call and webcast.