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19:13 EDTEARNEllington Residential declares 14c per share dividend
Ellington Residential Mortgage REIT announced that its board has declared a dividend for Q2 of 14c per share, payable on July 26 to common shareholders of record as of June 28. This dividend reflects the company's forecast of its approximate core earnings for the two month period commencing on the pricing of its initial public offering on May 1 and ending June 30. The company also estimates that its book value per share as of May 31 was $19.36, as compared to its pro-forma post-IPO book value per share of $19.80.
19:09 EDTORealty Income increases monthly dividend
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19:07 EDTADBE, CYTK, AMGN, AGNC, MTGE, DWA, TTEK, SYMM, BIODOn The Fly: After Hours Movers
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18:42 EDTGOOGGoogle files court petition related to NSA surveillance, CNNMoney says
Google has filed a First Amendment court case demanding it be allowed to share information about government surveillance programs with the public, CNNMoney reports. Reference Link
18:36 EDTDISH, S, CLWRDISH issues update on Sprint proposal
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18:30 EDTTXITexas Industries names Tom Ransdell chairman of the board
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18:25 EDTVVC, ETPVectren venture ProLiance disposes of gas marketing assets
Vectren (VVC) announced effective June 18, ProLiance Holdings, has disposed of certain of the net assets, along with the long term pipeline and storage commitments, of its wholesale natural gas marketing subsidiary, ProLiance Energy, to a subsidiary of Energy Transfer (ETP). ProLiance is jointly owned by affiliates of Vectren and Citizens Energy. Upon final adjustments for working capital, costs and fees associated with the disposition of these net assets, ProLiance expects to record a loss of between ($62M)-($67M). Vectren's after-tax share of the net loss to be recorded in Q2 is expected to be between ($26M)-($28M), or (32c)-(34c) per share. The loss associated with the disposition by Vectren's unconsolidated subsidiary, ProLiance, has no material cash flow impact to Vectren. Through the date of the disposition, Vectren's share of the 2013 expected operating losses are estimated to be (10c)-(12c) per share.
18:15 EDTHLHecla Mining acquires interest in Typhoon Exploration
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18:06 EDTSYMMSymmetricom CEO: Overall business environment remains challenging
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18:05 EDTSYMMSymmetricom narrows Q4 adjusted EPS view to 5c-7c from prior 5c-10c
One estimate 8c. Lowers Q4 revenue view to approximately $51M from $51M-$57M, one estimate $55M.
18:04 EDTDISDisney Consumer Products poised for incremental retail sales growth
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18:02 EDTTACTransAlta announces long-term geothermal contract with Riverside
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18:01 EDTSYMMSymmetricom announces workforce reduction of approximately 12%
Symmetricom announced a strategic restructuring plan to improve operational and financial efficiency while maximizing resources to support its growth initiatives. The company also updated its financial outlook for its fiscal fourth quarter ending June 30. The restructuring plan includes the realignment and consolidation of several organizations, elimination of certain activities, and a workforce reduction of approximately 12% of total headcount. These actions are commencing immediately and are expected to be complete by December. Symmetricom expects to incur total charges in the range of $7.5M-$8M in connection with the plan, of which approximately $6.8M will be in cash. Upon completion, the company expects these actions to generate annual cost savings of approximately $13M.
17:25 EDTAMGN, CYTKAmgen reports 7.58% stake in Cytokinetics
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17:25 EDTKBRKBR intends to move forward with enforcement of award
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17:22 EDTXIDEExide receives delisting notice from NASDAQ, does not intend to appeal
Exide disclosed in a regulatory filing that on June 13, Exide Technologies received a notification letter from Nasdaq stating that the company’s securities will be delisted from Nasdaq. Nasdaq’s determination is based on the following factors: the Chapter 11 Filing and associated public interest concerns raised by it, concerns regarding the residual equity interest of the existing listed securities holders, and concerns about the company's ability to sustain compliance with all requirements for continued listing on The Nasdaq Stock Market. Unless the company appeals the determination, trading in the company's common stock will be suspended at the opening of business on Monday, June 24, and a Form 25-NSE will be filed with the SEC which will remove the company's common stock from listing and registration on The NASDAQ Stock Market. The company currently does not intend to appeal the delisting determination.
17:19 EDTGCI, BLCGannett reports 10.2% series A stake in Belo
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17:16 EDTDELLDell special committee responds to Carl Icahn's latest proposal
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17:14 EDTNSNuStar Energy files automatic mixed securities shelf
17:12 EDTNVDA, SNE, INTC, GOOGNvidia to begin licensing GPU cores, visual computing portfolio
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