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Stock Market & Financial Investment News

News Breaks
December 31, 2012
15:35 EDTPLP, HMN, VRS, TFG, SA, PBYI, GTY, TRK, TAC, PYA, KMPR, TFX, SXL, CDI, BXG, CPK, BBXNYSE says cash equities market experienced issue with matching engine
The NYSE cash equities market has recovered from an issue with one matching engine affecting order processing and trade execution in 26 symbols. Recovery has been completed and all NYSE trading systems are functioning normally, the exchange stated. A list of affected symbols is available via the following link: Reference Link
News For BBX;BXG;CDI;CPK;GTY;HMN;KMPR;PBYI;PLP;PYA;SA;SXL;TAC;TFG;TFX;TRK;VRS From The Last 14 Days
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December 18, 2014
08:04 EDTCPKWGL Holdings wins bid to provide natural gas to Delaware state agencies
WGL Holdings, Inc. (WGL) announces that its subsidiary, Washington Gas Energy Services, recently won the contract to supply natural gas to 145 State of Delaware accounts. Those accounts include school districts, college campuses, correctional facilities and a state hospital. The fixed price contract is for three years, beginning December 1, 2014. Washington Gas Energy Services will supply Delaware 1.6 million dekatherms of natural gas over the life of the contract period through Chesapeake Utilities Corporation (CPK) distribution lines.
December 16, 2014
05:14 EDTBBXBBX Capital, BFC Financial announce termination of merger
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05:13 EDTBBXBBX provides statement on verdict BFC Financial Corp.
BBX Capital announced that, following a six week trial in federal court in Miami, a jury rendered a split decision in a federal securities case brought against BBX and its Chairman, Alan Levan. The issues in the case arose out of loan losses reported by BankAtlantic in October 2007, driven by the dramatic collapse of the Florida real estate market. The jury found in favor of BBX and Levan with respect to all of its disclosures preceding the market collapse except for three sentences uttered by Alan Levan in BBX's lengthy July 25, 2007 earnings conference call. With respect to that conference call, prior to the jury's deliberations, the judge instructed the jury that the three sentences were "objectively false," a conclusion vigorously disputed by BBX and Levan. BBX noted that the identical jury instruction was given in the private securities litigation which preceded this case. After enduring a similar jury outcome, BBX and Levan ultimately prevailed in that case. The jury also found that BBX made a decision to sell loans in the fourth quarter of 2007 and thereafter failed to treat those loans as "held for sale" rather than "held for investment. BBX also noted that some news stories following the verdict have misconstrued the form of verdict. The SEC prevailed on a single disclosure issue -- the three sentences in the July 2007 conference call -- that is repeated in a series of essentially similar questions. The SEC also prevailed on a single held for sale issue that is repeated in a series of similar questions. The company and Levan will file motions to enter judgment in their favor on all counts and if these motions are denied will bring the issues to the 11th Circuit Court of Appeals in Atlanta.
December 12, 2014
16:03 EDTGTYGetty Realty files $350M mixed securities shelf
12:06 EDTGTYGetty Realty declares special cash dividend of 14c per share
The dividend is payable on January 8, 2015 to holders of record on December 24. The special cash dividend is in addition to the 22c per common share regular cash dividend for the fourth quarter that was declared by the company’s Board of Directors on November 4.
09:08 EDTPBYIPuma Biotechnology announces interim neratinib Phase II data
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December 11, 2014
09:03 EDTKMPRKemper to acquire Alliance United Group for $70M in cash
Kemper Corporation has entered into a definitive agreement to acquire Alliance United Group and its wholly-owned subsidiaries, in a cash transaction valued at approximately $70M. The parties expect to close the transaction in the first half of 2015, subject to approvals by insurance regulators and the satisfaction of other customary closing conditions.
08:49 EDTPBYIPuma Biotechnology management to meet with UBS
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December 10, 2014
13:57 EDTTFXT. Rowe Price reports 10.0% passive stake in Teleflex
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December 9, 2014
15:55 EDTTRKSpeedway Motorsports removing low demand seats, replacing credit facility
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December 5, 2014
16:25 EDTTACTransAlta files $2B mixed securities shelf
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