Briefing.com: Hourly In Play (R) – 09:00 ET

Sep 13, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 13-Sep-10 09:00 ET

08:59

DYP Duoyuan Printing says Xiqing Diao has been appointed Duoyuan Printing's CEO effective immediately; also announces dismissal of Deloitte Touche Tohmatsu as its independent registered public accounting firm (6.59 )

Co announces that effective immediately, Mr. Xiqing Diao has been appointed Duoyuan Printing's CEO. Ms. Baiyun Sun has been appointed CFO. Immediately subsequent to the Company's termination of Deloitte, Mr. William Suh resigned as Duoyuan Printing's CFO and Mr. Christopher Holbert resigned as Duoyuan Printing's CEO. "The audit committee's decision to change auditing firms was based on its desire to resolve open issues and file our 10-K on a timely basis. We will work closely with our new auditors to address the open issues aired by Deloitte."

08:51

TLR Timberline Resources issues corp update, says short term goals include completion of the programs for both the South Eureka Property and the Butte Highlands JV (1.05 )

Co issued a corporate update including its key messages, objectives and goals, and reported on the status of its current corporate and exploration activities, including the Timberline "new look" program. Short term goals for Timberline include completion of the programs for both the South Eureka Property and the Butte Highlands Joint Venture, the two key mining assets of the Company at this time. Over the longer term, a substantially increased property portfolio, based on acquisition criteria similar to South Eureka, situated in North America, will be the Company's focus, together with increased market awareness and name recognition.

08:50

LPTH LightPath announces that sales of its precision molded aspheres and optical assemblies in China have more than doubled over the past six months compared to the prior six month period (3.20 )

08:49

BWOW Wowjoint Holdings signs $3.5 mln in new sales contracts with Eden Technology (4.00 )

Co announces it has signed 2 sales contracts withEden Technology totaling ~$3.5 mln. The deal involves the supply of two 1000 metric ton lifting capacity special launching girders for the construction of the viaduct in a high-speed railway construction project in South Korea. These girders are expected to be delivered within the next 120-180 days.

08:47

EDGR EDGAR Online names John Connolly interim CEO effective 9/30/10, replacing Philip Moyer, who has resigned, also effective 9/30/10 (0.81 )

08:46

AAPL Apple confirms announced that the Wi-Fi models of its iPad will be available to customers in China on September 17 (263.41 ) -Update-

08:43

CCEL Cryo-Cell International confirms and rejects receipt of unsolicited proposal to acquire co for $1.50 per share (0.90 )

Co confirms that it has received an unsolicited, non-binding proposal from a private equity group to acquire all the outstanding shares of Cryo-Cell for $1.50 per share in cash. The price was 67 percent higher than Cryo-Cell's closing stock price the day the offer was made. "Without exception, each member of the Cryo-Cell board believes that this is not the right time to sell the Company..."

08:42

AONE A123 Systems up $0.80 in premarket; co confirms opening of largest lithium ion automotive battery production facility in North America (7.36 )

The new plant in Livonia, Mich. is expected to expand A123's manufacturing capabilities by up to 600MW hours per year when fully operational, contributing to the company's plan to expand global final cell assembly capacity to more than 760MW hours annually by the end of 2011.

08:39

FLL Full House Resorts to acquire Grand Victoria Casino & Resort in Rising Sun, Indiana, for $43 mln, exclusive of est cash and net working capital balance of $8 mln (3.22 )

Co anticipates applying ~$20 mln of cash on hand to the purchase price and funding the balance with debt financing.

08:38

On the Wires

Excel Maritime Carriers (EXM) announced that it has entered into a time charter agreement for the 1997 built Panamax bulk carrier, M/V Fearless I, with a carrying capacity of 73,427 dwt. The charter is for a minimum period of 12 months to a maximum period of 14 months at the gross daily rate of $24,650 with a first class European charterer...Genco Shipping & Trading Limited (GNK) announced that it has reached an agreement to enter into a time charter for the Genco Loire, a 2009-built Supramax vessel, with Oldendorff GMBH and Co. for approximately 11 to 13.5 months at a rate of $20,250 per day, less a 5% third party brokerage commission...Medidata Solutions (MDSO) announces that Orion has extended its use of Medidata Rave as its enterprise-wide electronic data capture and clinical data management system, which Orion successfully brought in-house and deployed for all clinical trials for the past three and a half years...AudioCodes (AUDC) announced that Vonage Holdings (VG) is using its mobile voice technology to support the deployment of compelling new mobile applications...DCT Industrial Trust (DCT) announced it has acquired a well-located and fully leased bulk distribution facility comprised of two buildings in Baltimore, Maryland totaling over 323,000 square feet. The acquisition price is $13.8 mln.

08:33

CHDN Churchill Downs to acquire Harlow's Casino Resort & Hotel in a transaction valued at approximately $138 mln; expected to be accretive in the 12 months immediately following closing of the transaction in the amount of $0.27-$0.31/share (35.37 )

08:32

APAC APAC Cust Svc names Kevin Keleghan President and CEO (5.18 )

Co announces that current board member Kevin Keleghan will succeed Michael Marrow, who stepped down, as President and CEO, effective 9/13/10. Keleghan will continue to serve on APAC's board of directors. Additionally, Arthur DiBari will return to his post as COO.

08:32

CE Celanese will increase the price of acetate flake and acetate tow for core grade items by 7-10% effective 1/1/2011 (29.00 )

08:31

FORM FormFactor is ceasing its transition of manufacturing operations to Singapore (7.43 )

Co announced it is ceasing its transition of manufacturing operations to Singapore. The company's decision will result in a reduction in force of approximately 70 employees at its Singapore facility. The decision does not impact the company's other Singapore activities, including its Design Engineering and Design Technology groups or its Finance Service Center, although certain of the local internal company support functions will be resized in light of the manufacturing decision.

08:19

EEP Enbridge Energy updates Romeoville, IL leak clean-up (54.25 )

Co confirms it had completed the drain up of the remaining oil in the isolated pipeline segment on Line 6A in Romeoville, IL, having previously contained the leak. Co estimates that 6,100 barrels of crude oil were released. Only a small portion of that amount escaped from the immediate area of the leak before Enbridge crews began vacuuming the oil. Virtually all of the oil, approximately 6,050 barrels, has already been recovered.

08:17

On the Wires

Monsanto Company (MON) and AgraQuest have entered into a collaboration to evaluate the potential use of AgraQuest's pipeline of biopesticide leads to develop seed treatments for Monsanto's core crops and vegetables...Sonoco (SON) has agreed to handle European packaging requirements for Henkel's consumer adhesive products from Sonoco's service center in Wroclaw, Poland...Veraz Networks (VRAZ) announced that based upon the receipt of preliminary proxies, Veraz believes that it has sufficient votes to approve its proposed merger with Dialogic Corporation...DivX (DIVX) and TechniSat Digital GmbH announced an agreement to bring DivX technology to TechniSat digital set-top-box devices, as well as digital televisions, for the German retail market...Acacia Research Corporation (ACTG) announced today that its Software Restore Solutions, LLC subsidiary has entered into a license agreement with International Business Machines (IBM) regarding patents relating to automatic repair functionality for software applications. The license agreement resolves litigation that was pending in the Northern District of Illinois... Theravance (THRX) announced that data from the RELOVAIR program will be presented by GlaxoSmithKline (GSK) at the European Respiratory Society Annual Congress...A123 Systems (AONE) announced the grand opening of the largest lithium ion automotive battery production facility in North America...Nokia (NOK) announced that Anssi Vanjoki, Executive Vice President has given notice of resignation from Nokia. Vanjoki, who currently heads Nokia's Mobile Solutions unit, has six months notice period and he will continue in his current tasks for the time being... Ericsson (ERIC), DNA will make the HDTV experience available for 60 percent of all Finnish digital terrestrial TV households by 2011.

08:13

SNTA Synta Pharma announces expansion of phase 2 trial for STA-9090 in non-small cell lung cancer (3.17 )

Co announced that it was expanding its Phase 2 clinical trial of STA-9090 in patients with Stage IIIB and Stage IV non-small cell lung cancer from up to 69 patients to up to 146 patients based on encouraging activity observed in the first stage of the two stage clinical trial. STA-9090 is a potent, second-generation, small-molecule Hsp90 inhibitor, with a chemical structure unrelated to the first-generation, ansamycin family of Hsp90 inhibitors.

08:08

AON Aon and CEO Russell P. Fradin agree on key financial terms of 5-yr employment agreement (37.77 )

1) Fardin will serve will serve as Chairman and CEO of Aon Hewitt reporting to Greg Case, President and CEO of Aon; 2) The term of the employment agreement will be for five years from closing of the merger; 3) Fradin has agreed to take a substantial portion of his change in control compensation in Aon restricted stock units that will be distributed only when he ceases to be employed by Aon; 4) Fradin has also agreed to retain all future granted equity compensation awards (net of any amounts necessary to pay taxes and exercise prices) until he ceases to be employed by Aon.

08:06

RDN Radian Group releases delinquency data: ending primary delinquent inventory of 137,374 for 7/10 and 131,093 for 8/10 (7.60 )

08:06

CMFO China Marine Food announced $2.5 million of Hi-Power beverage sales for the month ended August 31, 2010 (3.20 )

08:05

SGMS Scientific Games says the Illinois Gaming Board has terminated its contract and committed to promptly rebid the contract (10.06 )

Co announces that following a protest by an unsuccessful bidder for the contract, the IGB informed SGMS that in evaluating the price portion of the contract proposals, it made miscalculations, due, in part, to the fact that the bid instructions resulted in both the IGB and applicants making assumptions that were not uniform. Based upon these factors, the IGB has terminated Scientific Games' contract and committed to promptly rebid the contract.

08:04

MRNA MDRNA reported results from in vivo studies in rodent cancer models focused on effective delivery of a microRNA mimetic using its Di-Alkylated Amino Acid delivery system (2.70 )

Co reported results from in vivo studies in rodent cancer models focused on effective delivery of a microRNA mimetic using Marina Biotech's proprietary Di-Alkylated Amino Acid delivery system. Organ and tumor distribution studies demonstrated up to a 100-fold increase in miRNA copies per tumor cell as compared to baseline levels. Similar increases in the miRNA levels were noted in liver, lung, and heart after systemic administration of the mimetic formulated in DiLA2-based liposomes. Moreover, delivery of the miRNA mimetic in DiLA2 liposomes demonstrated approximately 60% knockdown of mRNA for two genes whose down-regulation is the intended target of the miRNA mimetic.

08:04

MF MF Global announced that Bradley Abelow has been named global Chief Operating Officer, effective immediately (7.31 )

08:03

MA MasterCard appointed Betty DeVita, president, MasterCard Canada (198.14 )

DeVita has been Chairman and CEO of Citibank Canada for the past three years.

08:02

CGA China Green Agriculture says "a number of bloggers believed to be short sellers or affiliated with short sellers have posted incorrect and defamatory reports on the co" (8.55 )

08:02

LM Legg Mason reports Aug AUM of $656.3 mln vs $659.3 mln in July (28.53 )

08:01

ENTR Entropic Comms raises Q3 rev guidance above consensus; issues preliminary Q3 EPS guidance above consensus (8.60 )

Co issues upside guidance for Q3 (Sep), sees EPS of $0.16-0.18, excluding non-recurring items, vs. $0.13 Thomson Reuters consensus; raises Q3 (Sep) rev guidance to $60-61 mln from $51-53 mln vs. $51.92 mln Thomson Reuters consensus. "Through impressive execution by our operations team and supply chain partners, we were able to capitalize on upside demand from our customers in the quarter. We are seeing continued market expansion with new product ramps at many tier-1 Pay-TV service providers, which is driving increased demand for our home networking and direct broadcast satellite solutions."

08:01

GWW WW Grainger reports Aug Daily sales +20% YoY. (114.73 )

Co announces sales results for the month of August 2010. Daily sales increased 20% vs Aug 2009. Results for the month included a 5 percentage point contribution from acquisitions and a 1 percentage point contribution from foreign exchange.

08:00

On the Wires

ARIAD Pharmaceuticals (ARIA) announced the initiation of the pivotal Phase 2 clinical trial of its investigational pan-BCR-ABL inhibitor, ponatinib, in patients with resistant or intolerant chronic myeloid leukemia and Philadelphia positive acute lymphoblastic leukemia...TiVo Inc. (TIVO) and Samsung Electronics Co announces they have teamed to develop an advanced, TiVo-ready, high definition PVR set-top box for digital video broadcasting operators...AirMedia Group (AMCN) signed a memorandum of strategic co-operation with China Central Television to have a joint promotion during the period of the annual CCTV Prime Time Advertising Auction.

07:56

APC Anadarko Petro announces successful Owo-1 Sidetrack (52.91 )

Co announces that the Owo-1 sidetrack well offshore Ghana encountered an additional 115 net feet of pay, which includes 52 net feet of high-quality oil pay that appears to be in pressure communication with the Owo-1 discovery well. "As part of our active exploration and appraisal drilling program across our more than 7 mln gross acres in the trend, we are mobilizing the Deepwater Millennium drillship from Brazil and expect to spud our second exploration well offshore Sierra Leone in Q3."

07:55

TISA Top Image Systems eFLOW platform has been chosen by a leading global Business Process Outsourcing provider; project is valued at over $900,000. (0.82 )

07:52

NTSC Nat'l Technical Systems reports 2Q11 EPS of $0.10 vs $0.09 in 2Q10; revs +20% YoY to $34.5 mln (no ests) (7.58 )

07:46

BEAV BE Aerospace commenced offering of $500 million of its senior notes (30.78 )

Co intends to use the net proceeds of the offering to fund acquisitions of businesses operating within, or complementary to, its commercial aircraft and consumables management segments. BEAV is currently exploring or participating in discussions with third parties regarding a number of possible acquisitions; however, it presently has no definitive agreements related to any acquisitions.

07:34

MNRO Monro Muffler narrowed its Q2 financial guidance to the high end of its previously expected range (41.09 )

Co updates guidance for Q2 (Sep), sees EPS of $0.60-0.62, which is at the high-end of previously anticipated range of $0.58 to $0.62, vs. $0.61 Thomson Reuters consensus. Co now anticipates Q2 comparable store sales growth in the range of 6.0% to 6.5%, which is at the high end of previously anticipated range of 4.5% to 6.5%.

07:32

GERN Geron enters license agreement with the University of Edinburgh; enters into a collaboration with University Campus Suffolk (5.21 )

Co announced that it has entered into a worldwide, exclusive license agreement with the University of Edinburgh covering technology that allows the efficient production of chondrocytes from human pluripotent stem cells. The license gives Geron exclusive rights to the technology for therapeutic applications, and will enhance Geron's program to develop cell replacement therapies for orthopedic indications such as osteoarthritis, a disease affecting 27 million people in the U.S. Financial terms of the license agreement were not disclosed. Co also announced that it has entered into a collaboration with University Campus Suffolk (UCS) in the U.K. to develop human embryonic stem cell-derived chondrocytes for the treatment of cartilage damage and joint disease.

07:31

IMAX IMAX and ODEON & UCI Cinemas Group to install four IMAX digital theatre systems in the United Kingdom (14.73 )

The co and ODEON & UCI Cinemas Group announced an agreement to install four IMAX digital theatre systems in the United Kingdom. Under the terms of the agreement, IMAX's digital projection system will be installed in ODEON locations in Glasgow, Norwich, Kingston and Uxbridge.

07:31

NOV Natl Oilwell Varco to acquire Advanced Production and Loading PLC for $500 mln in cash. (41.10 )

07:31

ARST ArcSight confirms it will be acquired by HP (HPQ) for $43.50 per share, or an enterprise value of $1.5 bln (35.10 ) -Update-

HP (HPQ) and ARST confirm that they have signed a definitive agreement for HP to acquire ARST for $43.50 per share, or an enterprise value of $1.5 bln. The acquisition will be conducted by means of a cash tender offer for all of ArcSight's outstanding shares of common stock. The closing of the acquisition is expected to occur by the end of the calendar year.

07:30

ECOL American Ecology Corp. to acquire Stablex Hazardous Waste Facility for CAD80 mln; on track for FY guidance (13.20 )

Co announces that it has entered into a definitive share purchase agreement to acquire Stablex CAD80 mln cash. The transaction is expected to close on 10/31/10. While the acquisition is expected to contribute solidly to earnings in 2011 and beyond, the co expects to recognize non-recurring transaction and transition costs associated with the acquisition of ~$0.07 per fully diluted share in 2010. Excluding these non-recurring transaction costs, the co remains on track to report full year earnings of between $0.57-0.67 per diluted share, unchanged from previous 2010 guidance.

07:28

LRN K12 beats by $0.04, reports revs in-line (23.90 )

Reports Q4 (Jun) loss of $0.04 per share, $0.04 better than the Thomson Reuters consensus of ($0.08); revenues rose 22.3% year/year to $88.3 mln vs the $88.9 mln consensus. Average enrollments for the fourth quarter of FY2010 were 63,508, an increase of 20.8% YoY. "we are well positioned to consider additional mergers, acquisitions, joint ventures and strategic initiatives that complement the vision of our board." Co will provide FY11 guidance with 1Q11 results when enrollment season is completed.

07:20

BEXP Brigham Exploration announces $250 mln offering of senior notes due 2018 (16.94 )

Co announced that it has launched an offering for $250 mln of senior notes due 2018. Brigham intends to use the net proceeds from the Senior Notes offering to purchase up to $160 mln principal amount of its existing 9 5/8% senior notes due 2014.

07:10

On the Wires

RTI Biologics (RTIX) and Athersys (ATHX) announced an agreement under which Athersys will provide RTI access to its multipotent adult progenitor cell technologies...Incyte Corporation (INCY) announces that it has reached agreement with the FDA regarding a Special Protocol Assessment for the design of a pivotal Phase III trial for its JAK1 and JAK2 inhibitor, INCB18424 in patients with polycythemia vera. Two Phase III trials of INCB18424 in myelofibrosis, also an MPN, COMFORT-I and COMFORT-II, are already fully enrolled and are expected to be completed later this year. ..USA Technologies (USAT) announced that for August 2010 co hit small-ticket, wireless transactions of $8.3 mln. The annualized run rate of ~$100 million, an increase of 72% versus August 2009, through its ePort cashless payment systems for vending machines, kiosks and other unattended point-of-sale terminals. Total transactions processed in August 2010 were 4.6 mln, an increase of 98% over total transactions processed in August 2009...XenoPort (XNPT) announces that it plans to move arbaclofen placarbil, also known as XP19986, into Phase 3 development as a potential treatment of spasticity in multiple sclerosis patients. Following discussions with the FDA, XenoPort intends to conduct a single placebo-controlled Phase 3 efficacy clinical trial and an open-label, long-term, safety study of AP in patients with MS...Owens Corning (OC) announces decision to divest its fiberglass reinforcements plant in Capivari, Brazil. Co has determined that divestiture of the Capivari facility at this time will facilitate long term planning given the uncertainty of the resolution of co's ongoing negotiations with the Brazilian competition authority regarding the Capivari site.

07:10

HUN Huntsman to offer up to $350 mln senior subordinated notes due 2021 through subsidiary, Huntsman International; proceeds to repurchase or redeem certain outstanding senior subordinated notes (9.48 )

Co also announced that its wholly-owned subsidiary Huntsman International has commenced a fixed price cash tender offer to purchase up to $165 million aggregate principal amount of its 7 7/8% Senior Subordinated Notes due 2014.

07:08

DRCO Dynamics Research awarded new task order with Walter Reed Army Medical Center with estimated value of $18 mln, began on Sept 1, 2010 and has a period of performance of 16 months if all options are exercised (9.90 )

07:05

AAN Aaron's announces share reclassification proposal to convert all common shares to voting shares (16.60 )

Co approved, and is recommending to shareholders for approval, the conversion of its non-voting Common Stock into voting Class A Common Stock on a one-for-one basis. The transaction is subject to the approval of a majority of the holders of both the Company's Common Stock and Class A Common Stock, each voting as a separate class.

07:05

CYCC Cyclacel Pharma reaches agreement with FDA on a special protocol assessment for pivotal Phase 3 trial of Sapacitabine in AML (1.62 )

Co announced that it has reached agreement with the FDA regarding a Special Protocol Assessment (SPA) on the design of a pivotal Phase 3 trial for the Company's sapacitabine oral capsules. Co stated "We are pleased to receive the SPA Agreement letter from the FDA stating that the design and planned analysis of the pivotal Phase 3 study adequately address the objectives necessary to support the submission of a New Drug Application"

07:04

TWO Two Harbors Investment announces Q3 dividend of $0.39/share, prior dividend $0.33/share (8.82 )

07:01

FRX Forest Labs responds to FDA complete response letter for Roflumilast; No additional patient trials were requested (29.74 )

Co announced that it has filed a response to the FDA addressing topics raised in the complete response letter regarding the New Drug Application (NDA) for roflumilast. Forest licenses roflumilast from Nycomed, which submitted the original NDA. The FDA has acknowledged receipt of the resubmission and considers it a complete, class 2 response to their May 17, 2010 complete response letter which requested certain additional information and analyses of existing data. No additional patient trials were requested. Roflumilast is being reviewed as a potential treatment to reduce chronic obstructive pulmonary disease exacerbations associated with chronic bronchitis in patients at risk for exacerbations. Forest expects a response from the FDA in the first quarter of calendar year 2011.

07:01

SHPGY Shire Plc: FDA updates ProAmatine; did not represent the actual withdrawal of the medication from the market. (69.38 )

Co announces that FDA posted an update on its website related to ProAmatine via its website. Notably, the FDA clarified that its prior announcement related to midodrine "did not represent the actual withdrawal of the medication from the market." Rather, the FDA stated that it "represented a step in the regulatory process."

07:01

PAET PAETEC Holding to acquire Cavalier Telephone for $460 mln (4.15 )

Co announced that it has signed a definitive merger agreement to acquire Cavalier Telephone Corporation in an all-cash $460 million transaction. Co stated "The combined company would have generated approximately $1.950 billion in revenue and $381 million in adjusted EBITDA for the twelve months ended June 30, 2010 on a pro forma basis, including $30 million in expected run-rate synergies in year two and annually thereafter."

07:01

ALN American Lorain announces ~$9.6 mln private placement at $2.80 per share to support chestnut business growth through 2012 (2.86 )

Co announces that it sold 3,440,800 shares of its Common Stock to Tongley Investment and several accredited investors in a private placement transaction, at a price of $2.80 per share for proceeds of ~$9.6 mln, before payment of transaction fees and expenses. The co has agreed to register the shares for resale. The co's use of the newly acquired capital will be allocated to its chestnut business and primarily used in raw chestnut procurement during the current chestnut season; co expects to expand its market share in China in the chestnut sector.

07:00

GTSI GTSI Corp: Eyak Technology announces cash offer of $7.00/Share for GTSI (5.18 )

Eyak Technology announces that it has again made a proposal to GTSI to acquire all of the outstanding capital stock of GTSI at a price of $7.00/share in cash. The proposal represents a premium of 35.1% over GTSI's closing market price on 9/10/10 of $5.18. EyakTek intends to operate co on a standalone basis, in order to preserve and capitalize on its strong brand name and industry recognition.

06:55

S&P futures vs fair value: +10.30. Nasdaq futures vs fair value: +14.50.

06:55

Asian Markets

Nikkei...9321.82...+82.70...+0.90%. Hang Seng...21658.35...+401.00...+1.90%.

06:55

European Markets

FTSE...5560.03...+58.40...+1.10%. DAX...6273.51...+58.60...+0.90%.

06:52

ALGT Allegiant Travel reports August 2010 traffic, updates Capacity guidance (39.02 )

Co announces that Aug rev passenger miles +23.2% YoY, while available seat miles +23.6% YoY. Load factor down 30 bps to 89.9%. Co sees Q4 scheduled ASMs +13-15%. Sees 1Q11 scheduled ASMs +2-5%.

06:48

SGEN Seattle Genetics: phase IIb clinical trial of lintuzumab in older patients with acute myeloid leukemia did not meet its primary endpoint of extending overall survival; co will discontinue its development program for lintuzuma (12.72 )

06:46

CLR Continental Resources announces $350 mln offering of senior unsecured notes due 2021 in a private placement (43.10 )

06:34

TRMB Trimble Navigation acquires Cengea, based in British Columbia, to expand its forestry solutions; terms not disclosed (29.92 )

06:34

VICL Vical: TransVax CMV Vaccine achieves statistical significance on key clinical endpoints in Phase 2 Trial (3.84 )

Co announces vaccine as the first to provide evidence of protection in immunocompromised hematopoietic cell transplant recipients, and defining a potential pathway for further development. The vaccine was well tolerated in the Phase 2 trial in immunocompromised HCT recipients, and no safety concerns were raised during the trial.

06:31

TW Towers Watson announces secondary public offering: certain holders of co's outstanding Class B-1 common stocks are expected to sell ~4.3 mln shares of Class A common stocks (47.48 )

Co will not receive any of the proceeds from the sale of shares, and there will be no dilution of shares currently outstanding.

06:29

EPM Evolution Petroleum misses by $0.01; misses on the top line; reports year-end reserves (5.58 )

Reports Q4 EPS of ($0.02) vs the ($0.01) Thomson Reuters consensus; revs +38% YoY to $1.36 mln vs $1.48 mln consensus. The co's independent reservoir engineers assigned proved reserves of 12.4 mln barrels of oil equivalent (MMBOE), a 306% increase over the prior year. Volumes were 83% oil and 91% total liquids. Proved producing reserves increased 140%, after replacing production, to 1.03 MMBOE and associated PV10 increased by 284% to $29 mln. The increase in proved reserves was primarily due to the first time inclusion of proved reserves at Delhi, the CO2 enhanced oil recovery project operated by Denbury Resources.

06:23

INT World Fuel Svcs announces it intends to offer up to 7,570,000 shares of its common stock (26.42 )

06:18

MGA Magna: Co CEO resigns (79.15 )

Co announces that Siegfried Wolf has resigned as director and co-CEO. Donald Walker will be co's sole CEO.

06:14

RDNT RadNet acquires eRAD, Inc. and assembles radiology software team (2.39 )

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