Corporate News

A.T. Cross Company's (AMEX: ATX) (Nasdaq: ATX) Board of Directors has approved the decision to switch the listing of its common stock from the American Stock Exchange to The NASDAQ Stock Market LLC, effective September 16, 2008. The Company will continue to trade under the symbol ATX.

A.T. Cross Company is a designer and marketer of branded personal accessories, including writing instruments, watches, precision reading glasses, personal and business accessories and sunglasses.[SM]

VeraSun Energy Corp. (NYSE: VSE) announced the startup of its 110 million gallon per year (MMGY) ethanol biorefinery located near Dyersville, Iowa. The Dyersville production facility marks the 14th VeraSun biorefinery in operation, increasing the company's annual production capacity to more than 1.4 billion gallons.

According to the Iowa Renewable Fuels Association, VeraSun Dyersville is the 32nd operating biorefinery in Iowa, increasing overall annual production capacity in the state to almost 2.5 billion gallons. The Dyersville facility is VeraSun's fifth production facility in Iowa, joining other 110MMGY biorefineries in Albert City, Charles City, Fort Dodge, and Hartley. At 550MMGY of annual production capacity, VeraSun is the largest ethanol producer in the state.

VeraSun Energy Corporation (VEC) is an ethanol producer in the United States. The Company focuses primarily on the production and sale of ethanol and its co-products. [SM]

The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $34 million delivery order for 30 M1A1 Abrams Integrated Management (AIM) main battle tanks. The contract includes an option for 30 additional AIM vehicles, bringing the total potential award value to $69.5 million.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion.
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Bloomberg is reporting that Toll Brothers (NYSE: TOL) has lost its bid to dismiss a securities fraud suit.

Parkway Properties, Inc. (NYSE: PKY) announced the closing of the fee simple sale of the Capitol Center office property, located in Columbia, South Carolina. Parkway received net cash proceeds from the sale of approximately $45.8 million, which were used to prepay the $18.1 million first mortgage plus related mortgage prepayment expenses and reduce amounts outstanding under the Company's line of credit. The Company will recognize a gain on the sale of approximately $11.7 million and expenses related to the prepayment of the mortgage of approximately $2.2 million in the third quarter of 2008.

Steven G. Rogers, President and Chief Executive Officer stated, "With this sale, we have completed the sale of three assets announced in May of 2008, with total gross proceeds of $86.3 million. These sales resulted in a net pay down in the Company's line of credit of $62.6 million, and we will recognize a total gain on these sales of $22.6 million in the third quarter of 2008."

Parkway Properties, Inc. (Parkway) is a real estate investment trust (REIT) specializing in the operation, leasing, acquisition and ownership of office properties. [SM]