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Stock Market & Financial Investment News

News Breaks
February 7, 2013
17:54 EDTCXWCorrections Corp. raises FY13 adjusted EPS view to $2.05-$2.15, consensus $1.62
Sees FY13 adjusted FFO $2.72-$2.87. Expected annual dividend $2.04-$2.16 per share. The company's guidance includes an estimate of the impact from ongoing annual REIT compliance costs of $2M- $4M. Guidance excludes charges associated with the one-time REIT conversion costs, debt refinancing expenses, reversal of certain deferred tax items resulting from the REIT conversion and shares of common stock issued as part of the special dividend. During 2013, the company expects to invest approximately $85M to $100M in capital expenditures.
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April 10, 2014
09:06 EDTCXWCCA announces David Garfinkle to succeed Todd Mullenger as CFO
CCA announced that David Garfinkle, who currently serves as the company's vice president of finance and controller, has been selected by the board to succeed Todd Mullenger as the company's CFO effective May 1. Mullenger has decided to step down as CFO, but will remain with the company for a two-year period to assist in the transition and to assist in various projects.

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