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Friday July 31, 2009
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) was notified by Cunningham Broadcasting Corporation that Cunningham’s lenders under its $33.5 million term loan facility, which became due on July 31, 2009, have provided them an extension to October 30, 2009. The extension requires that Cunningham make $200,000 principal payments on its term loans as of the first business day of each of August, September and October, with the balance due and payable on October 30, 2009. During this time, the lenders and Cunningham will work towards a resolution on how to satisfy the debt maturity. Sinclair operates six television stations on behalf of Cunningham pursuant to local marketing agreements.
Panasonic Corporation (NYSE: PC) today announced its support of the Solar Electric Vehicle Team at the Massachusetts Institute of Technology (MIT SEVT), in their participation of the Global Green Challenge (GGC), to be held in October 2009 in Australia. Under the sponsorship agreement, Panasonic is providing the MIT SEVT team with its high-capacity (2.9 Ah), lithium-ion batteries to be used in the team’s vehicle. Panasonic will have the right for its logo to appear on the body of the vehicle.
Celsion Corporation (NASDAQ:CLSN), a biotechnology drug development company that is leveraging its heat sensitive liposomal technology platform to encapsulate and deliver high concentrations of proven chemotherapeutics, today announced that it would hold a conference call to discuss second quarter 2009 results at 11:00 a.m. Eastern Time on Wednesday, August 5, 2009. To participate in the call, interested parti! es may d ial 1-800-289-0462 or 1-913-312-1415 (International) and use Conference ID: 5488524 to register ten minutes before the call is scheduled to begin. The call will also be broadcast live on the internet at http://www.celsion.com
TeleCommunication Systems, Inc.? (NASDAQ: TSYS), a leading provider of mission critical wireless communications, announced it has filed two patent infringement lawsuits in the U.S. District Court for the Eastern District of Virginia against Sybase 365 Inc., a wholly owned subsidiary of Sybase (NYSE: SY). TCS seeks an injunction against Sybase 365 from further infringement in each case, as well as monetary damages.
Caterpillar Inc. (NYSE: CAT) announced today that due to the global recession and to better align its global capacity with expected demand levels, Caterpillar Africa Pty. Ltd. will close its Boksburg, South Africa, manufacturing facility. The decision follows consultations with the unions and non-unionized employees that took place over the past two months. The consultations were done in full compliance with South African labor legislation and have concluded.
AstraZeneca (NYSE: AZN) today announced that the 2009 US AGAINST ATHERO tour is in the San Francisco Bay Area from August 1-9 for the National Senior Games, the largest multisport event in the world for people over 50 years of age, to help educate attendees about atherosclerosis (”athero” for short) — the progressive buildup of plaque in the arteries and a leading cause of coronary heart disease (CHD). CHD is the number one cause of death in the United States.
Source: E-Gate System from Alphatrade.com
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