Greenlight Capital's Einhorn Resigns from New Century (NEW) Board

In an amended 13D filing this morning on New Century Financial Corp. (NYSE: NEW), 6.3% holder Greenlight Capital disclosed that its founder David Einhorn resigned as a director of New Century effective as of 7:00 p.m. EST on March 7, 2007. No reason was given for the departure.

Shares of sub-prime lender New Century have plummet recently related to problems in the sector and federal investigations into their accounting and stock trading activity.

Mellon HBV Alternative Strategies Amends 13Ds Following Buyout/Name Change; Raises ASMI Stake, Lowers CALC

Mellon HBV Alternative Strategies amended some 13D filings after changing its name to Fursa Alternative Strategies pursuant to the sale to Mickey Harley, its CEO. The unit was sold following parent Mellon Financial's (NYSE: MEL) agreement to be acquired by Bank of New York (NYSE: BK)

The firm raised its stake in ASM International NV (Nasdaq: ASMI) from to 4.47 million shares (8.3%) from 4.27 million shares (8%).

The firm lowerd its stake in California Coastal Communities Inc. (Nasdaq: CALC) to 915K shares (8.4%) from 1 million shares (9.9%).

No change to the firm's 1.33 million share stake (12%) in Integral Systems Inc. (Nasdaq: ISYS)

No change to the firm's 349.9 million share stake (36.5%) in CarsUnlimited.com Inc. (OTCBB: CAUL)

Sign-Up for E-Mail Alerts on Various Stocks (Free) and 13D Filings (Premium Only)