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Stock Market & Financial Investment News

News Breaks
July 3, 2013
13:58 EDTLAKELakeland Industries to take charge related to plant sale
Lakeland Industries disclosed in a regulatory filing that on June 30, the company sold its plant in Qingdao, China to Qingdao Yingzhouhai Textile International Trading Co. Gross proceeds to the company amounted to $1.43M, less Chinese taxes of $150,000 and expenses of sale of $170,000 resulting in net proceeds of $1.11M. In addition to the $300,000 proceeds received directly by the U.S. parent company, the U.S. parent company received liquidating dividends of $2.95M which reflect both the net proceeds received by its subsidiary and a liquidating dividend for the remaining assets not sold in this transaction. The company will take an accounting charge for United States taxes for a significant amount yet to be determined as a result of this sale, but due to its loss carryforwards will pay no cash currently.
News For LAKE From The Last 14 Days
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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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November 12, 2014
09:01 EDTLAKENurses expected to protest, strike over Ebola protection, Reuters says
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