Monday, October 02, 2006
FPIC Insurance Group, Inc. (NDAQ:FPIC)
8K Filing by the Company
FPIC said today that it had completed the sale of its insurance management operations in a deal valued at $40 million. The company said that it expects to realize an after-tax gain of approximately $12.5 million from the transaction, pending some closing arrangements. The stock was up 2% on the news in today's trading.

GigaBeam Corporation (NDAQ:GGBM)
8K Filing by the Company
GigaBeam announced its plans today to reduce its cash burn and improve its operating margins. According to the filing, the company is looking to cut pay and reduce its workforce as it transitions from product development to product marketing and sales.

Walter Industries (NYSE:WLT)
13D/A Filing by Pirate Capital
Pirate Capital revealed today in a 13D/A filing that it had sold some of its stake in Walter Industries. This news comes after the fund experienced problems last month when it failed to disclose its sale of OSI in a timely manner. This resulted in several key investors taking out their money, and several managers being fired.

Western Union (NYSE:WU)
General Information
Western Union shares began trading on the NYSE today under the symbol "WU". Shares were roughly even today after an unusually small amount of activity for a spin-off. See our previous story for more information about the spin-off, its valuation, and its prospects.