Virginia-based Coal producer, Alpha Natural Resources Inc. (NYSE: ANR) has officially announced today that it is closing down 8 mines effective immediately which will slash down the production by 16 million tons and cut 1200 jobs companywide.
Continue reading Alpha Natural Resources Inc. (ANR) to Close 8 Mines Nationwide; Eliminate 1200 Jobs
The following stocks were active in after-hours trading on Monday, September 17, 2012.
Continue reading After Market Movers on September 17; DOLE, AMD, HNI, AUO, AAPL, BAC, INTC
North Carolina-based Home Improvement Corporation, Lowe’s Companies Inc. (NYSE: LOW) has officially withdrawn its buy-out proposal which it made it to Rona Inc. on July 8, 2012.
Continue reading Lowe’s (LOW) withdraws its buyout proposal to Rona
Fashion accessories retailer, Fossil Inc. (NASDAQ: FOSL) announced on Friday that Michael Kovar, the current Chief Financial Officer, Treasurer and executive vice president will leave the company in March 2013.
Shares of Analogic Corp. (NASDAQ: ALOG) surged in trading today after the medical and security imaging equipment maker reported strong fourth-quarter financial results. ALOG’s fourth-quarter net income more than doubled, driven by greater sales of ultrasound and security products.
The following are major gainers in trading on September 14.
Continue reading Major Movers on September 14; FOSL, WERN, ALOG, HD
Pier 1 Imports (NYSE: PIR) reported on Thursday that its fiscal second-quarter earnings climbed 58% as decorative home furnishings and gifts retailer’s sales soared even as it received income tax benefit.
Shares of Pall Corp. (NYSE: PLL) surged in trading today after the company reported better-than-expected fourth-quarter results, driven by an increase in pharmaceutical and aerospace sales.
Continue reading Pall Corp. Shares Rally as Q4 Results Beat Estimates (PLL)
The following are the major movers in trading on September 13.
Continue reading Major Movers on September 13; BIOF, EQIX, RITT, AMD, PLL
Chesapeake Energy Corp. (NYSE: CHK) on Wednesday announced that it has successfully negotiated higher prices for some of its premium assets. The oil and gas producer said that these deals involving lands and infrastructure will help raising $6.9 billion -which is approximately half of its net debt that company is looking to lower by the end of this year. Nonetheless, stock ended lower.
Continue reading Chesapeake Energy Negotiates Higher Prices for Some its Assets (CHK)