National Bank of Greece (ADR)(NYSE:NBG)’s shares gained 10.56% to $1.99. The 52 week trading range for the company is $1.76 – $5.98. The shares of the company plunged 65% in the last one year. The company is a Greece-based financial institution. It provides a range of financial services including retail and commercial banking, asset management, brokerage, investment banking, insurance and real estate at a global level. Its segments are: Retail Banking, Corporate and Investment Banking, Global Markets and Asset Management and International Banking Operations.
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Seadrill Ltd(NYSE:SDRL) shares jumped 10.55% to $12.16. Levi & Korsinsky on Dec. 16 announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Seadrill Limited American Depository Receipts (“ADRs”) between July 10, 2014 and November 25, 2014. The complaint alleges that Seadrill issued materially false and misleading information to the investing public. In particular, the complaint alleges that the Company issued statements suggesting that the Company would maintain its dividend until at least the end of 2015, but then on November 26, 2014, the Company disclosed it would indefinitely suspend its dividend, citing Seadrill’s need to pay down its debt to strengthen its balance sheet.
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Teck Resources Ltd (USA) (NYSE:TCK)’s shares jumped 10.46% to $12.36. The company on Dec. 17 announced the first shipment of zinc and lead in concentrate from its restarted Pend Oreille Operations in northeastern Washington State to its nearby Trail Operations in British Columbia for processing.
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“The restart of our Pend Oreille zinc mine was completed on time and under budget and allows us to grow our zinc production at a time when global supply is constrained,” said Don Lindsay, President and CEO. “We are pleased to be operating again in Washington State and helping to support jobs and economic activity in the community, region and state.”
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Synta Pharmaceuticals Corp. (NASDAQ:SNTA)’s shares decreased 4.48% to $4.37. The 52 week trading range for the company is $3.70 – $7.85. The company is a biopharmaceutical company. The Company is focused on discovering, developing, and commercializing small molecule drugs to severe the medical conditions of the patients with cancer and inflammatory diseases. As of December 31, 2011, it had two drug candidates in clinical trials for treating multiple types of cancer and several drug candidates in the preclinical-stage of development.
You won’t believe what we found out about SNTA
Geron Corporation (NASDAQ:GERN)’s shares dropped 0.68% and closed at $2.91. The company on June 12 announced that the U.S. Food and Drug Administration (FDA) has removed the partial clinical hold on the investigator-sponsored clinical trial of imetelstat in myelofibrosis (Myelofibrosis IST). The partial clinical hold was placed in March 2014 due to a safety signal of hepatotoxicity that was identified in clinical trials of imetelstat. In order to resolve the partial clinical hold, the investigator, Dr. Ayalew Tefferi of Mayo Clinic, Rochester, Minnesota, was required to provide follow-up information regarding reversibility of hepatotoxicity for all patients who received imetelstat in the Myelofibrosis IST. In its letter dated June 11, 2014, the FDA informed the investigator that it had completed the review of his complete response submission and concluded that the Myelofibrosis IST may proceed.
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WLT Move Over there Is A New Social Media Stock In Town. Read More Here
Additionally, the company on June 2 issued the following statement this morning regarding the release of EPA’s CO2 emission limits regulations for existing power plants: “Because the rules issued by EPA are aimed at controlling CO2 emissions from existing domestic power plants, we do not expect the regulation will have any material impact on Walter Energy. We primarily mine and sell metallurgical grades of coal that are used in making steel, not generating electricity. Approx. 95% of the company’s coal-related revenues come from the export of metallurgical coal.”
AK Steel Holding Corporation (NYSE:AKS)’s shares dropped 2.11% to $7.44. The company on June 11 said that it plans to release its second quarter 2014 financial results before the opening of trading on the New York Stock Exchange on July 29, 2014.
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Additionally, the company on June 19 provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results. Adjusted to exclude the loss of $0.17 per diluted share for mark-to-market losses on derivatives, the company’s adjusted net loss for the second quarter would be $0.02 to $0.06 per diluted share.
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)’s shares gained 0.31% to $6.57. The company announced that its Annual Meeting of Stockholders will be webcast live on June 25, 2014.
Additionally, the company on June 12 announced the pricing of $200 million aggregate principal amount of its 3.625% convertible senior notes due 2019 (the “Notes”) in a private placement. The Notes will be offered by the initial purchasers only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).
]]>According to the filing made the company, two years ago the U.S. Securities and Exchange Commission had sought details relating to the compliance with the Foreign Corrupt Practices Act.
After receiving the subpoena from the SEC, the board’s audit committee opened its investigations into the case.
Based on the findings of the investigations the audit committee found that prima facie it looked like there were likely violations of the books and records and internal controls provisions of the anti-bribery law.
The company, however, does not expect these finding to have any material impact on its financials.
In its filing the casino company said that it had improved its record-keeping and internal-controls practices in recent years, and added that the audit committee’s investigation was continuing.
According to a report in the Wall Street Journal, the findings were related to business deals in mainland China led by executives no longer with the company.
The SEC investigation itself has been sparked off by a lawsuit filed in Nevada in 2010, by the former chief executive of its Chinese unit Steven C. Jacobs, who is seeking damages.
According to the WSJ, gambling regulators in Nevada are also investigating the matter.
]]>Peabody Energy Corporation (NYSE:BTU) shares increased 5.45% to $26.53 in the morning hour after the company reported fourth-quarter net loss of $1.01 billion or $3.78 per share, as compared to net income of $222.4 million or $0.82 per share in the same quarter last year. Adjusted loss from continuing operations for the quarter was $295.2 million. Analysts expected the company to report earnings of $0.25 per share for the quarter. Revenues for the quarter declined to $2.02 billion from $2.23 billion in the prior year quarter. Analysts had consensus revenue estimate of $1.93 billion for the quarter.
3D Systems Corporation (NYSE:DDD) stock jumped 5.70% to $62.89 after the company announced the immediate availability of eight new ProJet 3500 professional 3D printers that deliver greater productivity and are equipped with its latest remote tablet controls for the production of functional plastic parts and investment casting wax patterns for professional grade design and manufacturing applications.
Western Refining, Inc. (NYSE:WNR) stock gained 5.32% to $31.88. The company will begin trading ex-dividend on January 28, 2013. A cash dividend payment of $0.12 per share is scheduled to be paid on February 14, 2013. Shareholders who purchased WNR stock prior to the ex-dividend date are eligible for the cash dividend payment.
Beazer Homes USA, Inc. (NYSE:BZH) shares climbed 5.61% to $19.20 in the early hour. The company slid to a loss in its fiscal first quarter, as sharp gains in home orders and completed sales were offset by the impact of a larger income tax benefit in the same period last year.
The company reported a loss of $20.4 million, or 84 cents per share. That compares with profit of $739,000, or 4 cents per share, in the prior-year quarter, which included a $36.1 million income tax benefit. Beazer’s revenue surged 31% to $246.9 million. Analysts expected a loss of 99 cents per share in the recent quarter on revenue of $260.5 million.
]]>Mr. Leonard said that Robert Bork passed away in a northern Virginia hospital where he was seeking treatment for an infection.
Robert Bork was one of the few Americans to have his name associated with a verb. He later developed into a great and influential symbol to conservatives after the Senate watered down his nomination to the U.S Supreme Court in 1987.
The term ‘To Bork’ was included to the Oxford English Dictionary in the year 2002 with the meaning, “To vilify or defame (a person)’ systematically, especially in the mass media, usually with the intention of preventing his or her appointment to public office; to thwart or obstruct (a person) in this way”
Robert Bork was initially recognized by Americans as a controversially small player in the Watergate scam. He was the man who implemented the former presidents, Richard Nixon’s order to fire the Special prosecutor back in 1973’s ‘Saturday Night Massacre’ when President Reagan nominated him to the Supreme Court.
Massachusetts Democratic senator Edward Kennedy took the Senate floor to publicly declare him as a man who wanted to outlaw abortion, revive racial segregation and ban the teaching of evolution, 45 minutes after his nomination. Robert Bork later defended himself saying the accusations were neither true nor accurate.
The senate rejected Robert Bork 58-42 after a fierce confirmation fight, making it the biggest margin of defeat for any Supreme Court nominee and a big blow to Ronald Reagan.
Robert Bork stayed bitter for very many years and conservatives saw him as a martyr to liberal unreason and activism, and utilized him as rallying cry in subsequent battles.
It was Robert Bork’s judicial conservatism and not his Watergate role and further worries that he was likely to vote to overturn abortion rights that prompted a coalition of civil rights, feminist and liberal groups to join ranks against him.
Leonard Leo told Reuters on Wednesday that “He was a tremendous figure in the American Legal tradition – one of our country’s fiercest and most articulate defenders of the constitution as it was written. He pioneered the development of a school of constitutional thinking in his country that was devoted to the text and original meaning of the constitution, and was a tremendous and devoted public servant and academic, and a very good man personally”
The Late Robert Book was born on 1st March 1927 in Pittsburgh. He graduated in 1953 from the University of Chicago Law School. In 2003, he converted to Catholicism.
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Presently, Israel is in the orally unstable condition of a political crusade that has started hours, or maybe minutes ago, following the conclusion of a recent military operation that went on for almost one-week period. Political leaders, prominent media public figures, and recently discharged reservists are at present all over the chart in their demonstrations.
It is not-so-hard to map all those individuals in accordance with standings prior to the operation politically; it is really not easy to notify the players devoid of a score card.
At present, it is obviously the summit of primary season of Israel. Labor associates, and dues- reimbursing Likud are expected to ballot during early coming week to grade the contenders on their respective political party’s records. As per the proportional depiction on the voting day 22nd January, every political group is going to transmit to Knesset its percentage of the ballot, starting with the contender graded top on its record, and descending until it concludes with its proportion of the Knesset.
Presently grades from 1 to 50 on the list of Likud are regarded as realistic, with lower grades possessing a diminishing likelihood to turn out to be the Knesset Associates; graded 1 to 30 on the list of Labor are regarded as realistic, with both political group figures varying in line with opinion surveys of each day. Both Labor and Likud contain internal groups varying from extremists to moderates, to the left of hub in the case of Labor, while to the right of hub in the case of Likud.
Contenders are visiting all the places around the nation, meeting larger and small public conferences in community centers, and living rooms, shaking hands, embracing, and heartening party members, and at the same time reacting very assertively polite to reviewers, before sprinting to another political session set up by their relatives, friends, party associates, or their parliamentary assistants.
The gossip, debate, and news series on TV and Radio channels are offering chances to all those contenders who thrive in receiving air time, so only time will tell how things work out to be.
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When Israel introduced air walkouts on the Gaza-Strip during the previous week, Muslim Brotherhood of Egypt informed that the Zionist unit had executed a criminal belligerence. Mohamed Mursi, the president of Egypt, copied from the unchanged program, simply told that it was intolerable under any context.
The contrast displayed moderation, and attempts of Mursi to explore a perfect equilibrium by his administration that yesterday (November 21st 2012) brokered discussions that resulted in a truce in the struggle. Confronted with a tussling economic growth condition, a public swift to campaign if its requests aren’t instantly fulfilled, and dependence of Egypt on around $1.3-billion in annually United States military relief, Mursi have to hold the international credibility that assisted his nation this feeble indication an early agreement for a huge $4.8-billion IMF (International Monetary Fund) lend.
Jan Techau, the Carnegie Endowment’s Chief for Worldwide Peace Agency located in Brussels, recently said that Mursi has grown to be a moderate politician clearly contrasting to everyone’s expectation, so he certainly possess some major task as a honest stockbroker. Mursi is also attempting to obtain some stable standing by exhibiting that he is not favoring the stance of Hamas completely. Jan Techau added that at present Egypt is in clear chaos, and the very last thing that Mursi requires is a hot battle that is more likely to inflame the local masses of Egypt.
Mursi needs to reflect on the backing for Hamas by the Muslim Brotherhood, which is considered as a terrorist enterprise by the United States, European Union (EU), and Israel, and regional anti-Israeli sentiment. In excess of nearly 400 Egyptian protestors moved into Gaza on 18th November 2012 via the Rafah border junction, trailed later by the chief of the Muslim Brotherhood’s political party, so as to demonstrate the solidarity within them.
During the incident, it has been reported that several wounded Palestinians have been received by many hospitals located in Sinai. Mursi has met Khaled Mashaal, the political leader of Hamas, to discuss regarding the present issue, and he has also discussed the battle with many world leaders that include U.S. President Obama. Hillary Clinton, the Secretary of State for United States, said that she wish to thank Mr. Mursi for his individual governance to reduce the tension, and violence in Gaza.
Hillary Clinton added that the new government of Egypt is adopting the leadership, and responsibility that has long built this nation a keystone of regional peace and stability.
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It has been reported that Mike Hewitt, who has served as the leader of the State Republic Senate from longtime is going to step down from his position. Hewitt told that he is planning to stay in the state Senate, the place where he has offered his honest service ever since 2000 – simply, he doesn’t wish to head his group any further.
In an interview that was held most recently, he stated that the task of leading the State Republic Senate is extremely challenging, which precisely requires very long working hours and demands to handle many stressful duties. During his recent interview, he also noted that from several months he has been pondering about stepping down from his position of the Senate head.
Mike Hewitt, who accepted the offer to lead the State Senate back in 2005 December, greatly assisted to organize the GOP conquest of the state Senate during previous session, when 3 conformist Democrats traversed party lines to bestow control of the nation’s budget to Republicans. At present, Democrats possess a slight majority in the State Senate, and also direct the House, and the office of the governor.
The coup previous session resulted in a bitter supporter combat, and sarcastic relations existing between the 2 major political groups for many weeks. The latest news was disclosed on Thursday i.e. November 15th 2012 that Hewitt’s committee was thinking about capturing control once again during the upcoming session, and setting up state Senate Rodney Tom as a new alliance majority leader. Tom was actually one among the 3 Democrats who participated in the recent nation’s budget coup.
Such a change seems to completely rely on whether GOP State Senate Don Benton triumphs a solid contest with Democratic Party’s Representative, Rim Probst. As per the latest reports, it looks like Benton possesses a marginal lead, and if he comes out as winner in the upcoming contest, Republicans strongly believe that they can turn sufficient enough traditional Democratic Party supporters to their side in order to take complete control of the Senate once again. But, if he loses the contest, then probably that gossip would completely vanish.
However, Hewitt made it very clear that the prospect of a fresh GOP conquest of the state Republican Senate really did not have any kind of influence on this verdict to step down from his position. During the month of 2012 April, Hewitt underwent a major surgery to get rid of a thymoma tumor at the well-known Washington Medical Centre located in Seattle. It makes us wonder if this decision has got anything to do with his medical condition too.
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President Barack Obama insisted Congress to prolong the expiring tax cuts soon for all in a challenge with the Republicans, excluding the nation’s top income earners so as to eliminate almost half of the fiscal cliff, which is threatening the economy to send it back to recession.
Obama, at his first news conference after his re-election, said that he will not extend Bush tax cuts for the 2% wealthiest people for whom they cannot afford.
Obama noted that he had fought on a platform that demanded allowing tax cuts to end on December 31 as scheduled for the highest income earners.
He said that a small increase in tax on the wealthier people will not make any change and still they’ll be wealthy.
Mitch McConnell, Senate Republican leader and House Speaker John Boehner are willing to comprise with Obama to avoid the spending cuts and instant tax increases, planned to take effect by the year end. However, they said that they are against the increase in tax rates for the wealthier people.
The congressional leaders are likely to meet with the president on Friday at the White House for the first time after the election. They are likely to agree to select aides to start the lookup for a compromise.
Obama met with allies from liberal and labor groups on Tuesday. He also invited CEOs for a mid-afternoon session at the White House to concentrate on the menace set to the economic recovery by spending cuts and tax increases.
In the conference, he presented a 2-step process for comprise- one is an immediate extension of tax cuts except for the wealthy and the other is an inclusive agreement in 2013 to renovate the government’s benefit programs such as Medicare, Social security, and Medicaid and also to renovate the tax code.
Obama said that he is ready for new ideas from the Democrats and Republican counterparts to the government to increase revenue, sustain progressivity, reduce their deficit, and ensure that the middle class won’t get hurt.
Jay Carney, White House press secretary said that the president is likely to bring to the table an offer for $1.6 trillion in new taxes on the wealthy and on businesses when he starts discussions with Republicans. This figure was outlined by Obama in the latest budget plan.
Carney said that this figure together with $1.1 trillion in spending cuts might reduce arrears by $4 trillion.
Obama will meet with most of the CEOs, including the heads of Honeywell, Procter & Gamble, Aetna, Wal-Mart, and Ford, and it’d be very interesting to see the outcome of those discussions.
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