DrStockPick.com Stock� Report!
Friday July 17, 2009
Encorium Group, Inc. (Nasdaq: ENCO), a full service multinational clinical research organization (CRO) that provides design, development, and management capabilities for clinical trials and patient registries to many of the world’s leading pharmaceutical companies, today announced that is has completed the previously announced sale of the Company’s U.S. business to Pierrel Research USA, Inc., a wholly-owned subsidiary of Pierrel SpA, an international contract research organization listed on Milano’s Stock Exchange. The purchase price was $2.7 million, comprised of $80,000 in cash as well as the assumption of $2.6 million in liabilities.
NeuroMetrix, Inc. (Nasdaq: NURO) announced today it plans to issue its 2009 second quarter financial results before the opening of the market on Wednesday, August 5, 2009. The Company’s management team will host a conference call and webcast at 10:00 A.M. Eastern time, on the same day, to discuss the Company’s financial results for the second quarter and six months ended June 30, 2009 and to discuss business and financial developments and trends affecting the Company.
Eddie Bauer Holdings, Inc. (Pink Sheets: EBHIQ) announced today the final results of its bankruptcy sale process. Golden Gate Capital was selected as having the highest and best offer with an all cash bid of $286 million. The Golden Gate offer will be presented for court approval on July 22nd. The transaction is expected to close in early August.
Regions Financial Corporation (NYSE:RF) will host an Investor’s Day Conference on Wednesday, July 29, in New York City beginning at approximately 8:00 a.m. EDT. Regions Chairman, President and CEO Dowd Ritter, along with senior executives from the company, will review and discuss Regions’ financial and business strategies.
Acme United Corporation (NYSE AMEX:ACU) today announced that net sales for the second quarter ended June 30, 2009 were $19.2 million, compared to $22.7 million in the comparable period of 2008, a decrease of 16% (13% in local currency). Net income was $1,341,000, or $.40 per diluted share, for the quarter ended June 30, 2009, compared to $1,730,000 or $.47 per diluted share for the comparable period last year, a decrease of 22% in net income and 15% in diluted earnings per share.
Marchex, Inc. (NASDAQ:MCHX), a leading local search and performance advertising company, today announced that the company’s Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on August 17, 2009 to the holders of record as of the close of business on August 7, 2009. As of July 16, 2009, 10,869,216 shares of Class A common stock and 25,305,928 shares of Class B common stock are outstanding.
TEPPCO Partners, L.P. (NYSE:TPP) today declared a second quarter cash distribution rate of $0.725 per unit, or $2.90 per unit on an annualized basis. The distribution is payable August 7, 2009 to unitholders of record on July 31, 2009, and covers the period April 1, 2009 through June 30, 2009.
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