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.
Special News: National Bank of Greece (ADR)(NYSE:NBG), Seadrill Ltd(NYSE:SDRL), Teck Resources Ltd (USA) (NYSE:TCK)
Lakeway, NY — (MARKET NEWS CALL) — 12/18/2014— thenextbigtrade.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on National Bank of Greece (ADR)(NYSE:NBG), Seadrill Ltd(NYSE:SDRL), Teck Resources Ltd (USA) (NYSE:TCK).
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.
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.
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.
“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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Stocks Highlights: Synta Pharmaceuticals Corp. (NASDAQ:SNTA), StemCells Inc. (NASDAQ:STEM), Geron Corporation (NASDAQ:GERN)
StemCells Inc. (NASDAQ:STEM)’s shares declined 2.42% to $2.02. The company on July 7 announced the appointment of Alan Trounson, Ph.D. to its Board of Directors. Dr. Trounson most recently served as President of The California Institute of Regenerative Medicine (CIRM), the largest scientific funding body for stem cell research in the world. Dr. Trounson has been the recipient of over 30 awards and distinctions for his scientific work, including pioneering work in the fields of in-vitro fertilization and stem cells. As part of his academic research, Dr. Trounson pioneered a new stem cell biology approach for the treatment of a broad range of diseases and injuries, which was awarded the first ever Australian Center of Excellence in Biotechnology grant worth $110 million dollars.
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.
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.
Hot Stocks Alert: Walter Energy, Inc. (NYSE:WLT), AK Steel Holding Corporation (NYSE:AKS), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)
Walter Energy, Inc. (NYSE:WLT)’s shares gained 0.73% to $5.55. Walter Energy’s stock price target was lowered to $3 from $5 at Goldman on June 6 and reiterates its Sell rating citing downside risk to its met coal price forecast.
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.
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”).