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Stock Market & Financial Investment News

News Breaks
February 22, 2013
05:34 EDTFROFrontline says if tanker market doesn't recover by 2015 it may force restructuring
If the tanker market does not recover before 2015 and no additional equity can be raised or assets sold there is a risk that Frontline will not have sufficient cash to repay the existing $225M convertible bond loan at maturity in April 2015. Such a situation might force a restructuring of the company, including modifications of charter lease obligations and debt agreements.
News For FRO From The Last 14 Days
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August 26, 2015
09:25 EDTFROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
05:26 EDTFROFrontline reports Q2 EPS 11c, consensus 17c
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August 25, 2015
05:20 EDTFROFrontline files registration statement with SEC for merger with Frontline 2012
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