On Tuesday, Lexington Realty Trust (NYSE:LXP)’s shares declined -0.24% to $8.48.
Lexington Realty Trust (LXP) declared that it declared a regular common share/unit dividend/distribution for the quarter ending June 30, 2015 of $0.17 per common share/unit payable on or about July 15, 2015 to common shareholders/unitholders of record as of June 30, 2015.
Lexington also declared that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Shares”) for the quarter ending June 30, 2015. This Series C Preferred Share dividend is payable on or about August 17, 2015, to shareholders of record of Series C Preferred Shares as of July 31, 2015.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. It also provides investment advisory and asset administration services to institutional investors in the net lease area. As of June 30, 2005, the company operated 185 properties and managed 2 properties. Lexington Corporate Properties Trust has elected to qualify as a REIT for federal income tax purposes.
Kraft Foods Group Inc (NASDAQ:KRFT)’s shares dropped -0.62% to $85.14.
Kraft Foods Group Inc (KRFT) the food maker merging with H.J. Heinz Co., changed its stance and will pay some taxes for its chief executive officer as part of the deal.
The macaroni-and-cheese maker is estimating it’ll pay $11.1 million in taxes for Chairman and CEO John Cahill following the projected merger with Heinz, according to a filing recently from Northfield, Illinois-based Kraft. The payment is intended to assist Cahill be in the same position after taxes as if the levies didn’t apply to him, the filing shows.
Investment firm 3G Capital, with backing from Warren Buffett’s Berkshire Hathaway Inc., recently engineered Heinz’s merger with Kraft. 3G is known for slashing costs, and Heinz CEO Bernardo Hees will probably root out expenses at the combined company just as he did at the ketchup maker, assisting it produce some of the best margins among big U.S. food manufacturers.
Kraft Foods Group, Inc. operates as a consumer packaged food and beverage company. It operates through six segments: Cheese, Refrigerated Meals, Beverages, Meals & Desserts, Enhancers & Snack Nuts, and Canada. The company provides natura, cream, processed, grated and shredded, and cottage chesses, in addition to sour creams; cold cuts, hot dogs, bacons, and protein packs; lunch combinations, pickles, and meat alternatives; coffees, hot beverage systems, packaged juice drinks, powdered beverages, and liquid concentrates; and refreshment beverages.
At the end of Tuesday’s trade, Cablevision Systems Corporation (NYSE:CVC)‘s shares dipped -0.29% to $23.94.
Cablevision Systems Corporation (CVC) CEO James Dolan thinks we will see a 20% to 25% reduction in big bundle cable packages over the next five years, The Wall Street Journal reports. Customers will either be downsizing to smaller packages of channels, or cutting the cord altogether in favor of online video, he said.
Dolan doesn’t see this as a problem for popular channels, who he said will do “just fine.” Especially channels like HBO with lots of original content and a cult following. But niche channels, which have so far survived by being thrown in with more recognizable channels, will suffer. If you don’t have a strong brand identity, you’re going to be in trouble.
Cablevision Systems Corporation, together with its auxiliaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, counting programming, local broadcast network associates and independent television stations, other news, information, sports and entertainment channels, regional sports networks, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name.
Advaxis, Inc. (NASDAQ:ADXS), ended its Tuesday’s trading session with 17.79% gain, and closed at $20.33.
Advaxis, Inc. (ADXS) declared that its president and chief executive officer, Daniel O’Connor was selected as a winner in the 2015 Ernst & Young (EY) Entrepreneur Of The Year® in New Jersey. Mr. O’Connor was selected by a panel of independent judges and honored at a special event on June 25 at the Hyatt Regency in New Brunswick, N.J.
As a New Jersey regional award winner, Mr. O’Connor is now eligible for consideration for the EY Entrepreneur of the Year National awards program. Winners will be announced at the annual gala in Palm Springs, Calif., on November 14, 2015. The EY program identifies entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their business and communities. Now in its 29th year, the program has expanded to recognize business leaders in more than 145 cities in more than 60 countries throughout the world.
Advaxis, Inc., a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Lm-LLO cancer immunotherapies in the United States. The Lm-LLO immunotherapy platform technology stimulates the immune system to induce antigen-specific anti-tumor immune responses involving innate and adaptive arms of the immune system by inhibiting the T-cells, tregs, and myeloid-derived suppressor cells, and MDSC to promote immunologic tolerance of cancer cells in the tumor. Its lead product ADXS-HPV, an Lm-LLO immunotherapy product candidate used for the treatment of human papilloma virus (HPV) associated cancers, accomplished its Phase II study.
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