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👤Lisa Harris
🕔January 7, 2015
The Manitowoc Company, Inc. (NYSE:MTW) announces several management team transitions. The Manitowoc Company announced several management team transitions in line with the company’s long-term succession planning process. Eric Etchart, who has served as president of Manitowoc Cranes for the past nearly eight years, will move to a new role as senior vice president, business development of The Manitowoc Company effective immediately.…
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👤Lisa Harris
🕔January 7, 2015
Sun Communities Inc. (NYSE:SUI) closes final portion of acquisition from Green Courte Partners. Sun Communities announced that it has closed the final portion of its previously-announced acquisition of manufactured housing communities from Green Courte Partners sponsored funds. In the second closing, the Company acquired 26 communities for aggregate consideration of $742.9M, consisting of the assumption of $270.8M of debt, the payment of $107.0M in cash, the issuance of $218.9M in the Company’s common stock and the issuance of $146.2M in the Company’s 6.50% Series A-4 Cumulative Convertible Preferred Stock.…
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👤Lisa Harris
🕔January 7, 2015
Micron Technology, Inc. (Nasdaq:MU) sees Q2 Bit Growth total DRAM down high single to low double digits. Sees Q2 Bit Growth Trade NAND flat to down single digits. Sees Q2 ASP Total DRAM flat to down low single digits. Sees Q2 ASP Trade NAND flat to down single digits.…
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👤Lisa Harris
🕔January 5, 2015
Cinemark Holdings Inc. (NYSE:CNK) stock looks cheap, Barron’s says. The top movie-theater investment of 2015 could be Cinemark Holdings, according to a feature article in Barron’s, which says the stock could rise 25% or more in the coming year due in part to upcoming sequels from franchises like The Avengers, Terminator, Avatar and Star Wars.…
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👤Lisa Harris
🕔January 5, 2015
Elbit Systems Ltd. (Nasdaq:ESLT) awarded $90M contract from Israeli Ministry of Defense. Elbit Systems announced that it was awarded an approximately $90M contract from the Israeli Ministry of Defense, IMOD, for the maintenance of the Israeli Air Force’s, IAF, F-16 array’s avionics systems.…
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👤Lisa Harris
🕔January 5, 2015
Bombardier Inc. (OTC:BDRBF) reports firm order for 24 CRJ900 NextGen aircraft. Bombardier Commercial Aircraft announced that a customer, who has requested to remain unidentified at this time, has signed a firm order for 24 CRJ900 NextGen regional jets. Based on the list price, the firm order is valued at approximately $1.14B.…
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👤Lisa Harris
🕔January 5, 2015
Melco Crown Entertainment Limited (Nasdaq:MPEL) intends to delist from the Hong Kong Stock Exchange. In a regulatory filing from Friday, casino operator Melco Crown disclosed its intentions to delist from the Hong Kong Stock Exchange. In the filing the company said: “On January 2, our Board unanimously approved a proposal for the voluntary withdrawal of the listing of the Shares on the Main Board of the Stock Exchange, for reasons of cost and utility.…
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👤Lisa Harris
🕔December 31, 2014
Intersect ENT, Inc. (Nasdaq:XENT) enrolls first patient in RESOLVE ll study. Intersect ENT announced initiation of RESOLVE II, a pivotal Phase III clinical study to support U.S. Food and Drug Administration approval of the company’s RESOLVE steroid releasing implant designed to treat patients with recurrent sinus obstruction in the office setting.…
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👤Lisa Harris
🕔December 31, 2014
United Financial Bancorp, Inc. (Nasdaq:UBNK) sees Q4 restucturing charge of $5.5M. William H.W. Crawford, IV, CEO of United Financial Bancorp and United Bank of Glastonbury, Conn. announced that the company expects to record certain charges in its fiscal 2014 fourth quarter earnings, aggregating to a total of approximately $5.5M pre-tax.…
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👤Lisa Harris
🕔December 31, 2014
Camden Property Trust (NYSE:CPT) Q4 FFO 97c-$1.01, FY14 FFO $4.16-$4.20. On October 30, Camden provided earnings guidance for both Q4 and FY14. Adjusting the prior earnings guidance solely for the $10M incentive compensation charge results in revised expected Q4 FFO of 97c-$1.01 per diluted share, consensus $1.10, revised expected Q4 EPS of 29c-33c per diluted share, revised expected FY14 FFO of $4.16-$4.20 per diluted share, consensus $4.29, and revised expected FY14 EPS of $1.56-$1.60 per diluted share.…
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