On Friday, Firstmerit Corp (NASDAQ:FMER)’s shares declined -0.31% to $20.75.
Firstmerit Corp (FMER) declared the release of its company-run capital stress test results as required by the Dodd-Frank Act. Results comprise both FirstMerit Corporation and FirstMerit Bank, N.A., and can be found on the Investors page of FirstMerit’s website under the heading “News and Presentations” (http://www.snl.com/irweblinkx/FinancialDocs.aspx?iid=100241). Results are based on a forward-looking exercise using hypothetical severely adverse macroeconomic assumptions and scenarios developed by the Federal Reserve and the Office of the Comptroller of Currency.
The results of the DFAST test comprise forward-looking statements, as described more fully on FirstMerit’s website.
FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company’s Commercial segment offers commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, and letters of credit, in addition to treasury administration, government banking, international banking, merchant card, and other depository products and services.
Flotek Industries Inc (NYSE:FTK)’s shares dropped -2.32% to $11.36.
Flotek Industries Inc (FTK) declared that the Company’s Board of Directors has approved a new program authorizing the repurchase of up to $50 million of Flotek common stock. Combined with the existing share repurchase program, which is ongoing, the Board has authorized the repurchase of up to $75 million of Flotek common stock.
Repurchases under the program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, lending requirements and other relevant factors. This share repurchase plan does not obligate Flotek to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion. As of April 16, 2015, the company had about 53.5 million shares of Common Stock outstanding.
Flotek Industries, Inc. develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the United States and internationally. Its Energy Chemical Technologies segment designs, develops, manufactures, packages, and markets specialty chemicals used in oil and gas well drilling, cementing, completion, stimulation, and production. This segment also constructs and manages automated material handling facilities; and manages loading facilities and blending operations for oilfield services companies.
At the end of Friday’s trade, Dover Corp (NYSE:DOV)‘s shares dipped -1.21% to $72.54.
Dover Corporation (DOV) The Company is predictable to benefit from its acquisition strategy, supply chain rationalization, improved capital allocation discipline and restructuring actions. However, lower oil prices, foreign exchange volatility and pricing pressure remain headwinds in the near term.
Dover has a long-standing history of making successful acquisitions in diverse end-markets. In 2014, the company attained MS Printing Solutions S.r.l., The WellMark Company and Liquip International. Further in Oct 2014, Dover took over Accelerated Companies to bolster its position in the U.S. shale market. The impact of accomplished acquisitions on earnings will be of 1 cent to 3 cents per share in 2015. Further acquisitions will drive Dover’s growth.
Dover has sold two businesses during the past three years in addition to the Knowles spin-off. The company has also aggressively taken restructuring actions over the last two quarters to better align its cost base. In April 2015, Dover accomplished the sale of its Sargent Aerospace & Defense unit to RBC Bearings Inc. The divestment will assist the company reduce its exposure to cyclical markets and focus on higher margin growth spaces.
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets.
LinkedIn Corp (NYSE:LNKD), ended its Friday’s trading session with -0.45% loss, and closed at $216.78.
LinkedIn Corp (LNKD) is presently developing two new, standalone apps, The Wall Street Journal reports, a move in line with the company’s recent strategy, spearheaded by chief executive Jeff Weiner, to unbundle its services on mobile.
LinkedIn Groups, which notifies users when messages are posted in groups to which they belong, and LinkedIn LookUp, designed to allow workers to find out information on their colleagues, are the two apps presently being tested, according to the WSJ report, although it’s unknown when either will launch.
LinkedIn Corporation, together with its auxiliaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities.
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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
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