Western Alliance Bancorporation (NYSE:WAL) announced that it plans to release its fourth quarter 2010 financial results after the market closes on Wednesday, January 26, 2011. Chairman and CEO Robert Sarver, President and COO Ken Vecchione and CFO Dale Gibbons will host a conference call at 11:00 AM ET on Thursday, January 27, to discuss the Company's performance.
Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado. Its deposit products include checking, savings, money market, and other types of deposit accounts, including fixed-rate, fixed maturity retail certificates of deposit, as well as non-interest bearing deposits comprising non-interest bearing checking.
Power3 Medical Products, Inc. (OTC.BB:PWRM) today announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer's and Parkinson's, to name a few.
In addition, Power3 is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash. Because current management believes these toxic debt instruments are responsible for Power3's depressed stock price and have distracted the company from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc. As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position. For example, one such lawsuit involves Neogenomics, Inc., which was recently granted a motion for summary judgment with respect to an amount due under a convertible debenture. Power3 intends to appeal this decision.
GreenHouse Holdings, Inc. (OTCQB:GRHU) revealed that GreenHouse Holdings has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers include Apogee Containers, Inc. and MGE UPS, LLC.
GreenHouse estimates that the projects will generate $400,000 in revenue for GreenHouse, based upon approximately 1,300 kW or 1.3 MW of electricity demand reduction and infrastructure improvements from the engagements. GreenHouse is a qualified service provider of SCE's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.
The McClatchy Company (NYSE:MNI) announced it has contributed certain company-owned real estate to its qualified defined benefit pension plan. The real estate, including certain land and buildings, is located in Bradenton, Fla.; Charlotte, N.C.; Lexington, Ky.; Macon, Ga.; Myrtle Beach, S.C.; Olympia, Wash.; and Rock Hill, S.C., and has been valued by independent appraisals at approximately $49.6 million in total. The company is leasing back the property from its pension plan for 10 years and will pay aggregate annual rent of approximately $4.0 million to the pension plan. The contribution of the property will not have any impact on the company's day-to-day operations at its newspapers in these locations.
The McClatchy Company operates as a newspaper publisher in the United States. The company's newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. As of December 27, 2009, it owned 30 daily newspapers and approximately 43 non-dailies in 29 markets.
Education Realty Trust Inc. (NYSE:EDR) a leader in the ownership, management and development of collegiate housing, announced the final tax characterization for the company's total dividend of $0.2000 per common share (CUSIP: 28140H104) paid during the calendar year ending December 31, 2010.
Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages student housing communities located near university campuses in the United States. It also provides third-party management services, including residence life and student development, marketing, leasing administration, strategic relationships, information systems, and accounting services for student housing communities owned by educational institutions and charitable foundations.
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