Gordmans Stores, Inc. (NASDAQ:GMAN) on Monday filed for Chapter 11 bankruptcy protection and at the moment it is making an effort to liquidate its assets and inventories. Asides from the Omaha-based retailer having seven stores in Colorado, it also boasts of a series of some 106 stores in 22 different states. While contacting one of […]
Editor
Transocean LTD (NYSE:RIG) Goes Deep With Shallow-Rig Fleet Sale
Many analysts in the oil industry can’t believe nor explain the inevitable rebalancing of the global oil market. According to many, the price curve of the oil market will remain flat up to next year or even the year to follow. Even the IEA and OPEC are conservatively projecting $60 by the end of 2017. […]
Jeff Benjamin to retire as Avon Products, Inc. (NYSE:AVP)’s General Counsel
Avon Products, Inc. (NYSE:AVP) has announced the retirement of Jeff Benjamin, who until then has been the company’s Senior Vice President, General Counsel & Chief Ethics & Compliance Officer. Mr. Benjamin has been at Avon since 2012 which he joined after retiring from 40-year career, 37 of which were at Novartis, previously known as Ciba […]
Northern Dynasty Minerals Ltd (NYSEMKT:NAK) Provides Update On EPA Discussions
Northern Dynasty Minerals Ltd (NYSEMKT:NAK) has announced that that Pebble Limited Partnership, its wholly-owned subsidiary based in Alaska together with the US Environmental Protection Agency (“EPA”) have jointly filed a motion in federal court seeking to extend a stay proceeding. The order is in regard to an ongoing legal actions filed under the Federal Advisory […]
AK Steel Holding Corporation (NYSE:AKS) Hikes Prices And Blames Unfair Trading
AK Steel Holding Corporation (NYSE:AKS) reported a price increase for the fourth time in a year. This is even after claiming unfair trading has affected the business. Increased market prices The company experienced an increase in the spot market base prices in all carbon flat rolled steel products of about $30 per ton. This is […]
JC Penney Company Inc (NYSE:JCP) Expands Its Business To Home Services
JC Penney Company Inc (NYSE:JCP) reported on Monday that it is launching Home Services program. This is in a mission to take advantage of the “strong housing market”. The program is going by the name JC Penny Home Services. Details of the project This comes when homeowners are increasingly investing a greater percentage of their […]
IAMGOLD Corp (USA) (NYSE:IAG) to Issue $400 Million Corporate Loan
IAMGOLD Corp (USA) (NYSE:IAG) has announce plans to issue a $400 million corporate loan in terms of senior notes. The notes are expected to mature in 2025. Each note will attract an annual interest rate of 7%. The company will use the proceeds to pay a previous corporate loan of $489 million which consist of […]
New Gold Inc. (USA) (NYSEMKT:NGD) Closes Us$173 Million Bought Deal Financing
New Gold Inc. (USA) (NYSEMKT:NGD) has announced closing its bought deal financing of 61,640,000 common stock. The company plans to use the proceeds from the offering to fund the construction of the Rainy River gold project situated in Ontario, Canada The company made the offering through a group of underwriters including Scotiabank, RBC Capital Markets, […]
Nokia Corp (ADR) (NYSE:NOK) Bell Labs Opens Competition For Ideas With Power To Disrupt Future Of Human Experience By 10 Fold
Nokia Corp (ADR) (NYSE:NOK) Bell Labs has launched the fourth annual Nokia Bell Labs Prize competition. The competition is meant to award innovators with unique ideas in science technology, mathematics and engineering with the ability to change the state of human experience and existence by a factor of 10. Scientists, researchers and innovators from participating […]
T-Mobile US Inc (NASDAQ:TMUS) Is Aligned To Cable Company Alliance Instead Of Going Wireless
T-Mobile US Inc (NASDAQ:TMUS) is opting a merger with a cable company instead of a merger with with a fellow wireless carrier. Alliance partner speculations CFO Braxton Carter announced the company’s intention during a Deutche Bank Investor Conference. The market has been flooded with speculations that T-Mobile may end up forming an alliance with Sprint […]
