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Stock Market & Financial Investment News

News Breaks
September 6, 2012
08:55 EDTALLRF, ALLRF, SPNS, SPNS, ISCO, ISCO, CATS, CATS, USAT, USAT, PVCT, PVCT, TISA, TISA, LODE, LODE, OKOFF, OKOFF, LDL, LDL, CTIB, CTIB, GPL, GPL, SMP, SMP, CLIR, CLIRWall Street Analyst Forum to host a conference
23rd Annual Investor Conference is being held in Boston on September 6-7 with webcasted company presentations to begin on September 6 at 9 am; not all company presentations may be webcasted. Webcast Link
News For ALLRF;SMP;GPL;CTIB;LDL;OKOFF;LODE;TISA;PVCT;USAT;CATS;ISCO;SPNS;CLIR From The Last 14 Days
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July 30, 2015
08:45 EDTSMPStandard Motor Products authorizes $10M addition to stock repurchase program
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08:41 EDTSMPStandard Motor Products reports Q2 EPS 59c, consensus 81c
Reports Q2 revenue $269.4M, consensus $279.73M.
July 29, 2015
07:18 EDTLODEComstock Mining reaches positive agreement to favorably amend JV
Comstock Mining announced that it has reached a definitive agreement with John Winfield to amend the terms of the operating agreement for its Northern Comstock joint venture, that will reduce the company's remaining capital contributions from $31.05M down to $9.75M and permit such capital contributions to be made in the form of cash, or in certain circumstances, the company's common stock, par value $0.000666 per share and defer certain payments to a more suitable schedule. In addition, any prior or future royalty commitments for the Northern Comstock properties and Winfield will be eliminated. There are no provisions for any issuances of preferred stock, in any form. Additionally, the company will mail notices and consent solicitations to all the holders of the company's outstanding shares of convertible preferred stock, pursuant to which the company is seeking written authorization from a majority of the holders of the company's outstanding 7 1/2% Series A-1 Convertible Preferred Stock, 7 1/2% Series A-2 Convertible Preferred Stock and 7 1/2% Series B Convertible Preferred Stock to amend the certificates of designation of rights, preferences, rights and limitations of the Preferred. If adopted, the amendments to the Charters will result in the automatic conversion of the Preferred into shares of Common Stock. In addition, if the amendments to the Charters are approved, each holder of the Preferred will receive a one-time dividend of 127 shares of Common Stock, per share of Preferred. Adoption of the amendments requires approval of affirmative vote of the holders of a majority of the then outstanding shares of the Preferred and submission of the amendments to the Charters with the Secretary of State of the State of Nevada.
July 28, 2015
05:48 EDTSPNSSapiens agrees to acquire Insseco
Sapiens announced that it has entered into a definitive agreement for the acquisition of Insseco Sp. Z o.o., a software provider for the insurance market wholly-owned by Asseco Poland S.A., the indirect controlling shareholder of Sapiens. The transaction is expected to close by early August 2015. This acquisition grants Sapiens entry into a new market, Poland, and expands the company's solid footprint in Europe and its customer base. Sapiens expects to enrich its workforce with Insseco's highly qualified and experienced insurance professional team and will establish a regional delivery and development center in Poland to support its global operations. On a trailing twelve month basis, Insseco's revenue was $11.5M. Management expects this transaction to be accretive to earnings in the third quarter of 2015 and beyond. Sapiens will pay $9.1M as consideration in the transaction. Depending on the achievement of revenue goals over the next five years, Sapiens will pay additional consideration to the seller. The acquisition of Insseco is the latest in Sapiens' continued expansion of its global presence, customer base and delivery capabilities. In March 2015, Sapiens acquired IBEXI Solutions, an India-based provider of insurance business and technology solutions in Asia Pacific.
July 21, 2015
08:17 EDTLODEComstock Mining raises FY15 cost reduction target to $10M
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08:17 EDTLODEComstock Mining reports 254,856 tons mined in Q2
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