27/04/2015 04:05:13 Cookie Policy Free Membership Login

Windstream Holdings to call for outstanding notes redemption?

26 Apr 2015 @ 22:12

Let us look at the detais…. Windstream Holdings, Inc. (Nasdaq:WIN) announced today that its wholly owned-subsidiaries, Windstream Services, LLC (Windstream) and PAETEC Holding, LLC (PAETEC), are calling for redemption certain of their outstanding notes on May 27, 2015. Windstream is calling all of the approximately $400 million outstanding aggregate principal amount of its 8.125% Senior Notes due 2018 (the “WIN Notes”) at a redemption price payable in cash that is equal to $1,040.63 per $1,000 principal amount of the WIN Notes, plus accrued and unpaid interest to, but excluding, the redemption date. A notice of redemption is being sent to all currently registered holders of the WIN Notes by U.S. Bank National Association, the trustee under the indenture governing the …

 

First Savings reports quarterly results

26 Apr 2015 @ 22:09
First Savings Financial Group, Inc. (Nasdaq:FSFG) , the holding company for First Savings Bank, today reported net income and net income available to common shareholders of $1.5 million, or $0.66 per diluted share, for the quarter ended March 31, 2015 compared to net income and net income available to common shareholders of $1.5 million, or $0.66 per diluted share, for the quarter ended March...
 

City National cut $11bn five-year commitment

26 Apr 2015 @ 22:02
What are the details? City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today announced a new $11 billion, five-year commitment for community lending, investment, charitable contributions, supplier diversity and other activities outlined in the Community Reinvestment Act (CRA). City National finalized its commitment following consultation with many of...
 

NASDAQ Bubbles to Record High on Dot.Com

25 Apr 2015 @ 17:36
Fifteen years ago, in 2000, the sages warned that the dot.com bubble was going to burst. They were right. It did. I don’t remember them saying that it would come bubbling back in 2015. But it did – yesterday. Some may want to call it by a different name, but when the NASDAQ (NASDAQI:COMPX) rose to a record high of 5,092.09, it was dot.com companies that put the air in the bubble...
 

Kaiser Aluminum announces preliminary Q1 2015 financial Info

23 Apr 2015 @ 23:41
Kaiser Aluminum Terminates Defined Benefit Accounting With Respect to the Union VEBA and Removes the Related Net Assets From Its Balance Sheet Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that, as a result of the definitive expiration of its obligation to make annual variable contributions to the union voluntary employees’ beneficiary association (the “Union...
 

BP agrees sale of Central Area Transmission System (CATS)

23 Apr 2015 @ 23:36
Sale to Antin Infrastructure Partners BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS. The agreement comprises a payment on completion of £302 million ($453 million) and a deferred amount of £22 million ($33...
 

Hancock reports Q1 2015 results

23 Apr 2015 @ 23:28
Operating Results Stable; Impacted by Seasonality and Energy Cycle Hancock Holding Company (Nasdaq:HBHC) today announced its financial results for the first quarter of 2015. Operating income for the first quarter of 2015 was $44.7 million, or $.55 per diluted common share, compared to $46.4 million, or $.56, in the fourth quarter of 2014. Operating income was $49.1 million, or $.58, in the...
 

Caterpillar Earnings Up More Than 20%

23 Apr 2015 @ 15:30
The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from $1.44 year-on-year. CAT shares closed yesterday at 84.87, but were already at 87.16 by...
 

Earnings give a push to the S&P 500

23 Apr 2015 @ 12:33
The S&P 500 benchmark US stock index climbed by 0.51% on Wednesday led by financials, technology and telecoms. Other US indices also rose with the Dow Jones Industrial Average gaining 0.49% and the Nasdaq advancing by 0.42%. Overall, there were some interesting moves on Wednesday with some nice gains and some equally nasty losses. FMC Technologies had one of it’s better days of the year...
 

Nyota Minerals - second licence issued at Ivrea nickel-copper project in Italy

22 Apr 2015 @ 22:32
Ivrea Project: Second Exploration Permit Issued Nyota Minerals Limited (LSE:NYO) has announced that a second exploration permit at the Ivrea Project in the Piemonte Region of Italy has been issued to KEC Exploration Pty. Nyota announced on 10 February 2015 that it had entered into a binding agreement for the acquisition of 70% of KEC. The receipt of the second permit triggers the payment of...
 

MINING, OIL AND GAS

Caterpillar Earnings Up More Than 20%

23 Apr 2015 @ 15:30
The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from $1.44 year-on-year. CAT shares closed yesterday at 84.87, but were already at 87.16 by...
 

Nyota Minerals - second licence issued at Ivrea nickel-copper project in Italy

22 Apr 2015 @ 22:32
Ivrea Project: Second Exploration Permit Issued Nyota Minerals Limited (LSE:NYO) has announced that a second exploration permit at the Ivrea Project in the Piemonte Region of Italy has been issued to KEC Exploration Pty. Nyota announced on 10 February 2015 that it had entered into a binding agreement for the acquisition of 70% of KEC. The receipt of the second permit triggers the payment of...
 

What if BP's Dudley is Right?

22 Apr 2015 @ 20:19
The share price of BP (LSE:BP.) closed marginally down (0.05%) at 479.75 after reaching 484.20 in intraday trading, up at the point by 0.875%. BP continues to trade nearer to the low end of its 52 week range if 364.40 to 526.80. But today’s story is not so much about its share price activity today as it is about what CEO Bob Dudley said at the IHS CERAweek forum in Houston, Texas...
 

Bulls Regret Buying African Potash

21 Apr 2015 @ 20:21
Africa Potash stock (LSE:AFPO) is a bear market; and the bulls regret buying the stock. For the past 6 months, the price has been trending downwards slowly and gradually. This is a bias that is expected to continue for the next several weeks and months. There are currently conflicting signals in the chart. Although the ADX period 14 is not above the level 20, the DM+ is clearly above the DM...
 

GLOBAL NEWS

Windstream Holdings to call for outstanding notes redemption?

26 Apr 2015 @ 22:12

Let us look at the detais…. Windstream Holdings, Inc. (Nasdaq:WIN) announced today that its wholly owned-subsidiaries, Windstream Services, LLC (Windstream) and PAETEC Holding, LLC (PAETEC), are calling for redemption certain of their outstanding notes on May 27, 2015. Windstream is calling all of the approximately $400 million outstanding aggregate principal amount of its 8.125% Senior Notes due 2018 (the “WIN Notes”) at a redemption price payable in cash that is equal to $1,040.63 per $1,000 principal amount of the WIN Notes, plus accrued and unpaid interest to, but excluding, the redemption date. A notice of redemption is being sent to all currently registered holders of the WIN Notes by U.S. Bank National Association, the trustee under the indenture governing the …

 

First Savings reports quarterly results

26 Apr 2015 @ 22:09
First Savings Financial Group, Inc. (Nasdaq:FSFG) , the holding company for First Savings Bank, today reported net income and net income available to common shareholders of $1.5 million, or $0.66 per diluted share, for the quarter ended March 31, 2015 compared to net income and net income available to common shareholders of $1.5 million, or $0.66 per diluted share, for the quarter ended March...
 

NASDAQ Bubbles to Record High on Dot.Com

25 Apr 2015 @ 17:36
Fifteen years ago, in 2000, the sages warned that the dot.com bubble was going to burst. They were right. It did. I don’t remember them saying that it would come bubbling back in 2015. But it did – yesterday. Some may want to call it by a different name, but when the NASDAQ (NASDAQI:COMPX) rose to a record high of 5,092.09, it was dot.com companies that put the air in the bubble...
 

BP agrees sale of Central Area Transmission System (CATS)

23 Apr 2015 @ 23:36
Sale to Antin Infrastructure Partners BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS. The agreement comprises a payment on completion of £302 million ($453 million) and a deferred amount of £22 million ($33...
 

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