On Wednesday, Shares of Olin Corp. (NYSE:OLN), dropped -2.34% to $30.02.
Olin Corporation, declared that its first quarter 2015 net income was $13.1 million, or $0.17 per diluted share, which compares to $29.5 million, or $0.37 per diluted share in the first quarter of 2014. Sales in the first quarter of 2015 were $518.0 million contrast to $577.4 million in the first quarter of 2014.
First quarter 2015 results comprised of acquisition-related costs of $10.4 million, mark-to-market adjustments on stock-based compensation expense of $6.9 million and pretax restructuring charges of $1.2 million.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester.
Shares of Gannett Co., Inc. (NYSE:GCI), declined -2.30% to $34.40, during its last trading session.
Shareholders of Gannett, re-elected Chairman Marjorie Magner, President and CEO Gracia Martore, John Cody, Howard Elias, Lidia Fonseca, John Jeffry Louis, Scott McCune, Susan Ness, Tony Prophet and Neal Shapiro to the Board of Directors at the annual meeting held at the company’s headquarters. The directors were elected to serve one-year terms ending at Gannett’s annual meeting in 2016.
Gannett’s shareholders also overwhelmingly approved, by more than 96 percent of the votes cast, an advisory resolution on the compensation of the company’s named executive officers stated in the company’s 2015 proxy statement, ratified the appointment of Ernst & Young as the company’s independent accounting firm for the 2015 fiscal year, approved the performance measures specified in the company’s amended and restated Omnibus Incentive Compensation Plan, and approved an amendment to the company’s charter imposing certain ownership and transfer restrictions on the company’s stock that enhance its ability to remain compliant with FCC regulations.
In addition, Gannett’s shareholders rejected a shareholder’s proposal and supported administration’s position regarding the vesting of future equity awards granted to senior executives upon a change in control of the company.
The Board of Directors also declared a regular quarterly dividend of 20 cents per share, payable on July 1, 2015, to shareholders of record on June 5, 2015.
Gannett Co., Inc. operates as a media and marketing solutions company. It operates through three segments: Broadcasting, Publishing, and Digital. The Broadcasting segment owns and operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites.
At the end of Wednesday’s trade, Shares of Springleaf Holdings, Inc. (NYSE:LEAF), dwindled -2.28% to $50.95.
Springleaf Holdings, declared the pricing of a public offering of 27,864,525 shares of its common stock at a public offering price of $51.50 per share. The size of the offering was upsized from 22,727,273 shares to 27,864,525 shares. The Company is selling 19,417,476 shares for gross proceeds of about $1.0 billion. The selling stockholder, Springleaf Financial Holdings, LLC, an entity owned primarily by a private equity fund managed by an associate of Fortress Investment Group LLC and AIG Capital Corporation, a partner of American International Group, Inc., is selling 8,447,049 shares at the public offering price. The shares being sold by the Selling Stockholder are beneficially owned by AIG. The Company will not receive any proceeds from the sale of the shares by the Selling Stockholder. The offering is predictable to close on May 4, 2015, subject to customary closing conditions.
In connection with the offering, the underwriters will have an option for 30 days to purchase up to an additional 4,179,678 shares of the Company’s common stock from the Selling Stockholder.
Springleaf Holdings, Inc., through its auxiliaries, offers consumer finance and credit insurance products and services. It provides personal loans secured by consumer household goods, and other personal property; and unsecured loans.
Finally, Carnival Corporation (NYSE:CCL), ended its last trade with -2.25% loss, and closed at $44.40.
Princess Cruises, part of Carnival Corporation, has declared the players and alumni joining the “Sail with the 12s – A Seahawks Fan Cruise,” offering fans the exclusive opportunity to hear players talk about off-season moves, the 2015 game plan and their favorite memories as a Seahawk. This seven-night Alaska cruise over Father’s Day departs Seattle on June 20 aboard Crown Princess.
Before the cruise ship departs Seattle, “Sail with the 12s” will kick off with a spirited onboard rally featuring a special guest appearance from Seahawks Wide Receiver Doug Baldwin, where 25 lucky fans joining the cruise will meet him. In addition, the rally will feature performances by the high energy Blue Thunder drumline, the lively Sea Gals and comprise a special 12 flag-raising ceremony.
Seahawks joining the cruise for exclusive Q&A sessions, meet-and-greet autograph signings and photo opportunities comprise:
- Former Safety Jordan Babineaux (2004-2010)
- Former Guard Edwin Bailey (1981-1991)
- Tackle Justin Britt (2014-present)
- Hall of Fame Quarterback Warren Moon (1997-1998) and current commentator for Seahawks Radio
- Defensive End Gregg Scruggs (2012-present)
- Ring of Honor Quarterback Jim Zorn (1976-1984)
- Sea Gals and Seahawks’ Mascot Blitz.
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