US News

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its final results for the year ended 31 December 2013. Highlights: * 48% increase in number of wells on Magnolia’s leases in proven US onshore formations to 149 as at 31 December 2013 (2012: 101) – 140 producing and […]

$$$ The U.S. Department of the Treasury today announced that it expects to recover an additional $181 million from the Ally Financial Inc. initial public offering (IPO) after the underwriters exercised their option to purchase 7,245,670 additional shares at the IPO price. Settlement is expected to occur on May 14, 2014. This sale brings the […]

The notes will be guaranteed by Lepercq Corporate Income Fund Lexington Realty Trust (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced that it has priced an underwritten public offering of $250 million aggregate principal amount of 4.40% senior unsecured notes due June 15, 2024 at a price equal to […]

Up to $125m Gladstone Land Corporation (Nasdaq:LAND) announced today that it increased its overall borrowing capacity by $75.0 million, or 150% in connection with its execution of a loan agreement with Metropolitan Life Insurance Company for a new credit facility of up to $125.0 million, consisting of a $100.0 million long-term note payable and a […]

Action targets senior Syrian officials, a Russian bank, its Chairman, and oil refineries owned by the government of Syria The U.S. Department of the Treasury today took a number of actions to increase pressure on the Syrian regime and its supporters. The Treasury Department designated Moscow-based Tempbank and Mikhail Gagloev, a senior executive of the […]

Council votes to enhance transparency policy and Council governance The Financial Stability Oversight Council (Council) has unanimously approved its 2014 annual report, which was developed collaboratively by the members of the Council and their agencies and staffs. Under the Dodd-Frank Act, the Council must report annually to Congress on a range of issues, including significant […]

As we predicted on 18 March, Alibaba, the mainland China mega e-commerce company, has filed its initial paperwork for an IPO in New York. Although it is not clear on which exchange the shares will trade, insights and expectations, both positive and negative, are running high. Positive Insights and Expectations The primary focus of positive […]

NYSE Regulation has “determined that the company is no longer suitable for listin” The New York Stock Exchange announced today that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the American Depositary Shares (Each representing six Common Shares, no par value) of Desarrolladora Homex, S.A.B. de C.V. (NYSE:HXM) from the […]

Prudential Bancorp (Nasdaq:PBIP), the holding company for Prudential Savings Bank (the “Bank”), has reported net income of $535,000, or $0.06 per basic and diluted share, for the quarter ended March 31, 2014 as compared to $14,000 or $0.00 per basic and diluted share, for the comparable period ended March 31, 2013. For the six months […]

Stock to begin trading at split-adjusted price May 7 under temporary symbol “SSETD” StarStream Entertainment, Inc. (OTCQB:SSET), announces a reverse split of its outstanding common stock at a ratio of 1-for-3. The reverse stock split will be effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace at the open of business May […]