US News

Sale of Non-Core Assets in Alabama, Texas and Florida Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the sale of 24 smaller interests in non-core wells for a total consideration of US$240,750, a 190% increase on the US$83,000 value assigned to the combined proved and […]

“Splish! Splash! I was taking a bath ‘long about a Saturday night.” That was Bobby Darin, and the year was 1958. Today, the “Splish! Splash!” you are hearing is the splash being made by Splunk’s share price (NASDAQ:SPLK) after the company issued it second quarter financial statement. Splunk shares are trading at 52.64, 16.23% higher […]

When Lending Club first went online in 2007 it is unlikely that many expected that it would have loaned more that $5 billion dollars within seven years or that it would be going public in that same time frame. $1.8 billion of that total was raised in the first six months of 2014. The company […]

PL601 and PL602 located in the Norwegian Sea Atlantic Petroleum (NASDAQ:ATLA) is pleased to announce that Atlantic Petroleum Norge has acquired Ithaca Petroleum Norge’s 10% interest in production licences PL601 and PL602 in the Norwegian Sea. The agreements are subject to government approval. The transaction is a result of Atlantic’s strategic focus in this area. […]

An offshore maintenance & inspection services company MISTRAS Group, Inc. (NYSE:MG) has announced the acquisition of The NACHER Corporation. NACHER provides comprehensive turnkey maintenance & inspection services to the oil, gas and petrochemical industry, primarily on offshore platforms. NACHER has become a leader in the offshore maintenance industry by partnering with customers to...

Senior Secured Notes by Corolla Trust Ambac Financial Group, Inc. (Nasdaq:AMBC), a holding company whose subsidiaries provide financial guarantees and other financial services to clients in both the public and private sectors globally, announced today the closing of a private placement of senior secured notes by Corolla Trust, a Delaware statutory trust. On August 28, […]

Will the investment come up smelling of roses? Applied Optoelectronics (Nasdaq:AAOI), a provider of fiber-optic access network products for the cable broadband, internet data center, and fiber-to-the-home markets, today announced the availability of a revolutionary new laser for methane gas (CH4) sensing applications. The new laser can be utilized in advanced high-precision and...

The share price of ASOS (LSE:ASC) has taken a dramatic upturn today, reaching 2,763.00 by 2:30 this afternoon, a rather phenomenal 17.7% increase from yesterday’s closing price of 2,348.00. Perhaps the most interesting fact about the sudden turnaround in share price is that the company hasn’t done anything to motivate investor interest. Unless you consider rumors to […]

Food for thought? Tyson Foods, Inc. (NYSE:TSN) and The Hillshire Brands Company (NYSE:HSH) today announced that Tyson has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Hillshire Brands for $63.00 per share in cash, without interest. Pursuant to the Agreement and Plan […]

Made available for investment in underserved communities The U.S. Treasury Department today announced that it has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities across the country. The funding, provided through the Community Development Financial Institutions (CDFI) Bond Guarantee Program, is designed to help...