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Stock Market & Financial Investment News

News Breaks
March 15, 2013
16:10 EDTLAKELakeland reaches termination agreement with president of subsidiary
Lakeland Industries announced it has reached a termination agreement with Miguel Bastos, president of Lakeland's Brazilian subsidiary. This is a part of both the company's efforts to reduce costs and the company's efforts to improve sales. Bastos will join a Brazilian organization working with Lakeland to strengthen the company's sales efforts. The termination agreement calls for an aggregate maximum payout of $550,000, to be paid out over a period of approximately two years. Bastos will continue to receive his normal salary for six months and then will receive 3% of Lakeland Brazil's sales, which Bastos will be supporting and generating from an independent company, until he reaches a total payout equal to the aggregate $550,000. This agreement pays Bastos approximately half of the amount which would have been paid out for the remaining years of his employment contract, which runs through December 31, 2015.
News For LAKE From The Last 14 Days
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November 24, 2014
10:44 EDTLAKELakeland Industries management to meet with Craig Hallum
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November 21, 2014
09:28 EDTLAKELakeland Industries files to sell 1.17M shares for holders
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November 20, 2014
15:14 EDTLAKETraveler returned from Mali being tested for Ebola in NYC, Daily News reports
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November 17, 2014
08:44 EDTLAKENebraska Medical announces death of third Ebola patient
The Nebraska Medical Center said via Twitter, "We are sorry to announce that the 3rd Ebola patient, Dr. Martin Salia, has passed away as a result of the advanced symptoms of the disease." Drug companies that are working on experimental Ebola vaccines or treatments include Peregrine (PPHM), Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX) and NewLink Genetics (NLNK). Some companies that offer protective clothing and waste disposal include Lakeland Industries (LAKE), Alpha Pro Tech (APT) and Sharps Compliance (SMED).
November 14, 2014
12:15 EDTLAKELakeland Industries advances after Ebola scare prompts revenue rise
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10:35 EDTLAKELakeland up 2% after saying Ebola leading to 'significant' increase in orders
10:34 EDTLAKELakeland Industries sees Q3 U.S., Canada sales $14.5M-$14.7M
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