On Wednesday, Shares of Caesars Entertainment Corporation (NASDAQ:CZR), lost -40.65% to $4.76, hitting its lowest level.
Caesars Entertainment Operating Company, Inc., a partner of Caesars Entertainment Corporation, responded to a lawsuit filed in New York by UMB Bank, the indenture trustee for holders of its first lien notes, seeking a determination that CEC is obligated to guarantee the first lien notes. CEOC has acknowledged to the holders of first lien notes who are party to its Restructuring Support Agreement (RSA) that UMB Bank is not a party to the RSA and, therefore, the filing of the lawsuit by UMB Bank does not terminate the RSA, which remains in effect. CEOC has been advised by the RSA parties that UMB Bank is acting independently as a fiduciary and not at the direction of the noteholders that are party to the RSA.
CEOC is presently seeking an injunction in the Chicago Bankruptcy Court to stay litigation commenced by other CEOC creditors who contend that CEC is obligated to guarantee CEOC’s debt. UMB Bank has agreed that it will be bound by the bankruptcy court’s decision to the same extent as if CEOC had requested injunctive relief with respect to the UMB lawsuit.
Caesars Entertainment Corporation, through its auxiliaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in four segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, Caesars Interactive Entertainment, and Caesars Entertainment Operating Company.
Shares of Viacom, Inc. (NASDAQ:VIAB), declined -2.21% to $58.41, during its last trading session, hitting its lowest level.
IMAX Corporation (IMAX), Paramount Pictures, a division of Viacom, Inc. (VIAB), and Skydance declared that the fifth installment of the blockbuster franchise, Mission: Impossible – Rogue Nation, will premiere July 23 at the State Opera House in Vienna, which is being specially transformed into an IMAX® theatre for this one-night global event. The film starts its worldwide roll-out in IMAX theatres on July 31.
For the red-carpet event and screening, the historic Vienna State Opera House is receiving a makeover of IMAX proportions exclusively for this premiere. During the past three days, IMAX’s team has equipped the opera house with an IMAX screen measuring about 56 feet by 37 feet, IMAX’s proprietary dual-projection system and a custom sound system configured and tuned to optimize the playback of the film’s IMAX soundtrack in this unique environment. This marks the second time IMAX has transformed an iconic venue for a one-night-only global premiere following Paramount’s Transformers: Age of Extinction in June 2014.
Attending the world premiere in Vienna is Mission: Impossible – Rogue Nation director Christopher McQuarrie; stars Tom Cruise, Simon Pegg and Rebecca Ferguson; and producers Bryan Burk, David Ellison, Dana Goldberg and Don Granger. Representing IMAX at the premiere event will be CEO Richard L. Gelfond, together with IMAX President EMEA Andrew Cripps.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
Finally, Regions Financial Corporation (NYSE:RF), ended its last trade with 2.79% gain, and closed at $10.70, hitting its highest level.
Regions Financial Corporation’s Board of Directors recently declared the following cash dividends on its common shares, Series A preferred shares, and Series B preferred shares:
- A quarterly cash dividend of 6 cents per common share, payable October 1, 2015, to stockholders of record at the close of business on September 11, 2015.
- A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be paid on September 15, 2015, to stockholders of record at the close of business on September 1, 2015.
- A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B. The dividend will be paid on September 15, 2015, to stockholders of record at the close of business on September 1, 2015.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
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