Category: Financial News

  • Verso Paper Corp. Announces New Senior Credit Facilities

    Verso Paper Corp. (NYSE: VRS) announced today that its wholly owned subsidiary, Verso Paper Holdings LLC (the “Company”), has entered into a $150 million asset-backed revolving credit facility (the “ABL Facility”) and a $50 million cash flow credit facility (the “Cash Flow Facility”). The new senior credit facilities were used to repay the outstanding indebtedness…

  • Mitsui Direct Selects Guidewire ClaimCenter for Claims Management

    Guidewire Software, Inc. (NYSE: GWRE), a provider of core system software to General (property/casualty) insurers, today announced that Mitsui Direct General Insurance Company, Limited (Mitsui Direct), a major Japanese direct general insurance company, has selected Guidewire ClaimCenter® as its new claims management system. By using ClaimCenter, Mitsui Direct aims to further enhance the quality of…

  • Sterling Bank’s Oregon Market President Carol Mangan Recognized as One of Portland Business Journal’s 2012 Women of Influence

    Carol Mangan, Oregon market president for Sterling Bank, a subsidiary of Sterling Financial Corporation (NASDAQ:STSA), was recognized by the Portland Business Journal as part of the 2012 Women of Influence program. Twenty-five women were selected out of 200 nominees to receive the Orchid Award. The award acknowledges women who have made significant accomplishments in business and provide outstanding…

  • Robbins Umeda LLP Announces an Investigation of DigitalGlobe, Inc.

    Shareholder rights firm Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of DigitalGlobe, Inc. (NYSE: DGI) relating to the proposed acquisition by GeoEye, Inc. (NASDAQ: GEOY). Concerned shareholders who would like more information about their rights and potential remedies…

  • One LLP Files Lawsuit on behalf of TestMasters against Dave Hall and Velocity Test Prep

    One LLP announces that TestMasters (www.testmasters.net), one of the nation’s largest test preparation companies, filed a lawsuit today against Velocity Test Prep and owner David Hall for defrauding students who are preparing to take the Law School Admission Test. The complaint alleges that Hall pocketed money from LSAT preparation consumers based on false claims about…

  • Stanford Launches $1 Billion Campaign to Advance New Era in Medicine Locally, Nationally and Globally

    Stanford University President John Hennessy today announced the launch of a campaign to transform health care at a local, national and global level. The $1 billion Campaign for Stanford Medicine will make investments in medical research and teaching, build a new Stanford hospital and accelerate the translation of new medical knowledge into leading-edge, coordinated patient…