Financial Markets

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

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

Bunge Plans to Build Processing Plant in U.S.

Bunge’s north American operating arm, Bunge North America, said late Monday it plans to improve the productivity of its soybean processing footprint in the eastern United States. The plan includes building Bunge’s first processing plant in the U.S. in 15 years. Locations in Ohio and Indiana are under final considerationRead 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

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