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Wednesday August 5, 2009

Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, announced it will open a 45,000-square-foot Nordstrom Rack, a unit of the company’s off-price retail division, in Tampa, Fla. in fall 2010. The new store will be located in the Walter’s Crossing neighborhood at the intersection of Interstate Highway 275 and the Dale Mabry Highway next to Home Depot.

NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended June 30, 2009, of $4,242,000 or $0.54 per share. This compares to net income of $4,731,000 or $0.60 per share for the quarter ended March 31, 2009, and compares to net income of $3,610,000 or $0.46 per share for the quarter ended June 30, 2008.

South Jersey Gas announced today that Moody’s Investors Service has upgraded its senior secured rating to “A2″ from “A3″ and assigned an issuer rating of “Baa1″ which applies to its senior unsecured obligations as part of an industry-wide action. SJG, a subsidiary of South Jersey Industries (NYSE:SJI), is a regulated utility providing natural gas service to over 341,000 residential, commercial and industrial customers in the seven southernmost counties of New Jersey. Moody’s had raised SJG’s senior secured rating from “Baa1″ to “A3″ with a positive outlook at the beginning of February 2009.

Attorneys representing consumers and third-party payors today announced a proposed $41.5 million settlement with drug manufacturers Merck & Co. (NYSE: MRK) and Schering-Plough Corporation (NYSE: SGP) to settle allegations the companies suppressed critical information about the efficacy and safety of prescription drugs Vytorin and Zetia. Merck and Schering-Plough previously settled similar claims with 35 states and the District of Columbia for $5.4 million.

Hundreds of Navistar International Corporation (NYSE:NAV) employees today welcomed President Barack Obama to its Wakarusa, Ind., manufacturing facility to celebrate the award of a $39 million federal grant to develop and build all-electric delivery vehicles and bring jobs to the Elkhart County, Ind., communities.

Source: E-Gate System from

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