Gastar Exploration to Pay Special Dividends on Series A and B Preferred Stock

Gastar Exploration to Pay Special Dividends on Series A and B Preferred Stock

January 11, 2017

Gastar Exploration, an independent energy company, said late Tuesday that it will pay special dividends on its series A and series B preferred stock of $1.796875 per series A share and $2.239584 per series B share, respectively, to pay in full all accumulated and unpaid cash dividends since Apr. 1,Read More

China Digital Unit Gets Paid for Sale of Stake in Super TV

China Digital Unit Gets Paid for Sale of Stake in Super TV

January 11, 2017

China Digital, provider of cloud-based application platforms to Chinese cable operators, said Wednesday its subsidiary Golden Benefit Technology has received payment amounting to RMB610 million ($88 million), less the previously received deposit, from Changxing Bao Li Rui Xin Technology for its interests in Beijing Super TV. As agreed, the buyerRead More

Facebook Says it Will Establish Stronger Ties to News Industry

Facebook Says it Will Establish Stronger Ties to News Industry

January 11, 2017

Facebook said Wednesday it is starting The Facebook Journalism Project, establishing stronger ties to the news industry to develop products and working with publishers and educators as part of its effort to reduce the amount of fake news. The company said it will connect its product and engineering teams withRead More

Latest News

Asian Stock Markets Mixed

Asian stock market were mixed Monday, as exchanges opened higher on Friday Wall Street records, but largely drifted thereafter. Shanghai and Hong Kong gained, with Tokyo was closed on holiday. Other exchanges were uneven. Oils declined and the dollar gained, as the outlook for a stronger U.S. dollar and higherRead More

Lululemon Athletica Lifts Earnings, Revenue Targets for Fiscal Q4

Lululemon Athletica shares gained 1% in premarket trade after raising the lower end of guidance for both its earnings and revenues for Q4 of fiscal year 2016, citing a strong holiday season. Diluted EPS is now expected to be in the range of $0.99 to $1.01 compared to the previousRead More

Payrolls Increase Falls Short But Wages Rise

December nonfarm payrolls rose a modest 156,000 (consensus: 175,000) after an upwardly revised 204,000 gain in November (was 178,000), but a downward October revision to a 135,000 increase (was 142,000). The net October, November revision was 19,000. The unemployment rate ticked up to 4.716% from 4.646% (revised from 4.640%). TheRead More

Twitter Partners with PGA Tour

Twitter Inc. said Thursday it formed a partnership with the PGA Tour under which it will serve as the exclusive global streaming platform for the organizer of professional golf tours and distribute more than 70 hours of live competition coverage. The microblogging company will begin live streaming on Jan. 19Read More

Eurozone Business Activity Rises at Fastest Pace in More Than Five Years

Business activity in the euro area accelerated at its fastest pace in more than five years in December while the risk of political turmoil amid major elections across Europe this year clouds the economic outlook, IHS Markit said. The composite purchasing managers’ index, which collates the manufacturing and service sectorRead More

UniFirst Reports Worse-than-Expected Q1 EPS Drop

UniFirst, a provider of supply and servicing of uniform and workwear programs, reported a worse-than-expected Q1 earnings drop. EPS fell to $1.38 in the period ended Nov. 26, from $1.78 in the year-ago period. That trailed the $1.57 average estimate of analysts polled by Capital IQ. Q1 revenue increased 3.4%Read More