The Board of Trust Managers of Camden Property Trust declared a fourth quarter dividend of $0.70 per share to holders of record as of December 4, 2008 of its Common Shares of Beneficial Interest. The dividend is to be paid on January 2, 2009. Ric Campo, Camden’s Chairman and Chief Executive Officer, stated that “with all of the uncertainty in the financial markets, many analysts and shareholders have asked questions about possible changes in...
Flanders Corporation entered into a three-year employment agreement with Harry L. Smith, Jr., chief executive officer and president, commencing December 1, 2008. As announced on October 28, 2008, Flanders appointed Smith as president and CEO effective November 1, 2008. Robert R. Amerson, chairman of the Flanders’ Board of Directors, stated, “Harry has been with Flanders for over 10 years and has worked in all aspects of the company. He...
Cavalier Homes, Inc. announced that its Board of Directors has appointed Bobby Tesney President and Chief Executive Officer of the Company. In August, Tesney assumed these positions on an interim basis pending the retention of a permanent President and Chief Executive Officer. With this action, the Board has concluded its executive search. Commenting on the announcement, Barry B. Donnell, Chairman of the Board, said, “We are pleased with the...
PureChoice, Inc., a leading international developer and supplier of building performance software to the commercial building industry, announced that it has made a revised merger proposal to MathStar, Inc., which includes a $.75 per share cash distribution to the current MathStar shareholders. The merger offer was outlined Friday in a letter to the MathStar Board of Directors from Bryan Reichel, President and Chief Executive Officer of PureChoice....
Kaira Sturdivant Rouda, president of Real Living and author of Real You Incorporated: 8 Essentials for Women Entrepreneurs, was the winner of the 2008 Stevie Awards for Women in Business in the category of Best Entrepreneur. The Stevie® Awards are the world’s leading business awards. Since 2004, the Stevie Awards for Women in Business has honored entrepreneurial and executive businesswomen worldwide. All entries are evaluated by a board of...
ARCADIS, the international consulting, design, engineering and management services company, announced today that it will modernize the safety system for the Rotterdam subway network. The company, commissioned by U.S. corporation General Electric (GE), will design and test the safety system and manage the migration from the old to the new system. GE will deliver the software and the installation. GE is working on behalf of Rotterdam Electric Tram company...
Van der Moolen Holding N.V. (“Van der Moolen”) and Global Securities Finance Solutions Holding B.V. (“GSFS”) have the intention to integrate the activities of GSFS in Van der Moolen. Today at the end of business a letter of intent has been signed. Van der Moolen will participate in GSFS AM for 49.9% stake and for 33.3% stake in GSA. According to expectation all this will have a positive impact on the earnings per share of Van...
ZipRealty, Inc. (Nasdaq: ZIPR ) announced that Lanny Baker has agreed to join the Company and will assume the role of Chief Financial Officer of the Company, effective December 1, 2008. David Rector, Senior Vice President, Chief Accounting Officer, and Chief Financial Officer, will remain with the Company as Senior Vice President and Chief Accounting Officer. Mr. Rector has been with ZipRealty since 2002 and has served in the role of Chief Accounting...
InnVest Real Estate Investment Trust (“InnVest” or the “Trust”)(TSX:INN.UN) announced today that it has declared a distribution of $0.0625 per unit payable on December 15, 2008 to Unitholders of record as at the close of business December 1, 2008. The November distribution represents a one third reduction from monthly distributions of $0.09375 per unit that have been paid since the Trust’s inception in 2002. “InnVest...
General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth...