Management Newsfeed Update

SEATTLE—-Amazon Web Services LLC, a subsidiary of Amazon.com, Inc. , today announced that Yieldex is the winner of the second annual Amazon Web Services Start-Up Challenge. Yieldex, a company providing forecasting for online advertising inventory, will receive $50,000 in cash, $50,000 in Amazon Web Service credits and an opportunity for an investment offer from Amazon.com.

IRVINE, Calif.—-The second annual â??Fore A Cureâ?? Golf Tournament, a benefit for the Cystinosis Research Foundation of Irvine, Calif., raised $225,000. The Nov. 10, 2008 event at the Coto de Caza Golf & Racquet Club drew 144 golfers and raised the money through individual and corporate sponsorships, donations and auctions.

A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday.

SAN DIEGO—-Ligand Pharmaceuticals Incorporated announced today that the U.S. Food and Drug Administration has granted accelerated approval of GlaxoSmithKlineâ??s PROMACTA® for the treatment of thrombocytopenia in patients with chronic immune thrombocytopenic purpura who have had an insufficient response to corticosteroids, immunoglobulins or splenectomy.

GLADSTONE, N.J.—-Peapack-Gladstone Financial Corporation reported that it received preliminary approval as of November 17 from the US Department of Treasury to sell $28,685,000 of preferred stock to Treasury in the Capital Purchase Program.

A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday.