During Thursday’s Current trade, Shares of Manitowoc Company Inc (NYSE:MTW), gain 0.48% to $16.85.
The Manitowoc Company, Inc. (MTW) declared that Glen Tellock, Chairman & Chief Executive Officer, and Steve Khail, Director of Investor Relations & Corporate Communications, will address investors at the RBC Capital Markets Global Industrial Conference at the Mandarin Oriental Hotel in Las Vegas, Nevada, on September 9, 2015, at 8:00 a.m., Pacific time.
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, counting energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction.
Shares of HORSEHEAD HOLDING CORP. (NASDAQ:ZINC), inclined 3.86% to $7.54, during its current trading session.
Horsehead Holding Corp. ( ZINC) stated a merged net loss of $3.6 million, or $(0.06) per diluted share, for the second quarter of 2015 contrast to a merged net loss of $5.1 million, or $(0.10) per diluted share, for the second quarter of 2014. Results for the quarter, adjusted to exclude favorable non-cash adjustments associated with hedges, was a merged net loss of $12.4 million, or $(0.22) per diluted share, contrast to a merged net loss on the same basis of $3.2 million for the second quarter of 2014, or $(0.06) per diluted share.
Second Quarter Highlights
Contrast to the same quarter last year:
- Zinc finished product and calcine shipments, on a zinc contained basis, reduced 8,633 tons, or 15.7%, to 46,418 tons for the quarter, comprised of 29,017 zinc tons of finished products and 17,401 zinc tons in calcine.
- EAF dust receipts reduced 10.7% to 134,511 tons, primarily reflecting reduced industry steel production.
- The LME zinc price averaged $0.99/lb for the second quarter of 2015 and $0.94/lb for the second quarter of 2014. The LME nickel price averaged $5.90/lb for the second quarter of 2015 contrast to $8.38/lb for the second quarter of 2014.
Horsehead Holding Corp., together with its auxiliaries, produces and sells zinc and nickel-based products primarily in the United States and Canada. The company operates through three segments: Horsehead, Zochem, and INMETCO. The Horsehead segment processes electric arc furnace dust and other zinc-bearing material to produce and sell zinc and other metals.
Sabre Corp (NASDAQ:SABR), during its Thursday’s current trading session gained 1.02% to $27.79.
Sabre Corporation (SABR) declared the pricing of the formerly declared public offering of 19,000,000 shares of common stock by existing stockholders associated with TPG Global, LLC and Silver Lake Administration Company II, L.L.C. (the “Selling Stockholders”) at a price to the public of $26.85 per share. All of the shares are being sold on a pro rata basis by the Selling Stockholders in accordance with their current interests, and the Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
Goldman, Sachs & Co. is acting as the sole underwriter for the offering.
Sabre Corporation provides technology solutions to the travel and tourism industry worldwide. It operates in two segments: Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, counting airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators, with a network of travel buyers comprising online and offline travel agencies, travel administration companies, and corporate travel departments.
Finally, Resource Capital Corp. (NYSE:RSO), decreased -3.77%, to $13.01.
Resource Capital Fund V L.P. (“RCF”) reports that on August 5, 2015 , in connection with a formerly declared secured convertible loan facility in the aggregate principal amount of US$25 million (the “Facility”), and in satisfaction of interest and principal payment obligations under the Facility, RCF attained ownership of 10,147,748 additional common shares (“Facility Shares”) in the capital of Buffalo Coal Corp. (“Buffalo”).
At a meeting of Buffalo’s shareholders held on June 19, 2015 , disinterested shareholders approved amendments to the Facility to, among other things, enhance the principal amount from US$25 million to US$29 million , enhance the interest rate from 12% to 15%, decrease the conversion price from C$0.1446 to C$0.0469 and issue the Facility Shares to RCF.
The Facility Shares collectively represent 9.4% of the issued and outstanding common shares in the capital of Buffalo. At a conversion price of C$0.0469 , the Facility Shares were valued at a 25% discount to the 5-day volume-weighted average trading price of the common shares on the Toronto Stock Exchange on January 30, 2015 (the last trading day preceding to the declarement of the Facility amendments).
Resource Capital Corp., a diversified real estate investment trust, primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States. The company invests in commercial real estate-related assets, such as first mortgage loans; first preceding interests in first mortgage real estate loans; subordinate interests in first mortgage real estate loans; mezzanine debt; commercial mortgage-backed securities; commercial real estate; and residential mortgage loans and mortgaged-backed securities.
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