On Thursday, in the course of current trade, Shares of Rite Aid Corporation (NYSE:RAD), dropped 0.74%, and is now trading at $8.68.
Rite Aid Foundation’s KidCents program will donate $1.3 million to Folds of Honor, a nonprofit organization based in Owasso, Okla., dedicated to providing educational scholarships to children of fallen or disabled veterans. The donation was declared in Owasso over Memorial Day weekend during Folds of Honor’s annual Patriot Cup Invitational, a golf tournament and gala celebrating our nation’s heroes and raising funds for Folds of Honor.
Folds of Honor was founded in 2007 by Major Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq. Since its inception, Folds of Honor has raised more than $70 million and awarded nearly 8,000 scholarships to the family members of fallen or disabled veterans.
KidCents was developed by The Rite Aid Foundation to provide Rite Aid customers an opportunity to do even more to assist the kids in the communities Rite Aid serves. Through KidCents, members of Rite Aid’s wellness+ with Plenti program can round up their in-store or online purchases to the nearest dollar and give their change to one of more than 300 nonprofit organizations focused on improving the health and wellbeing of children.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
During Morning trade, Shares of T-Mobile US, Inc. (NYSE:TMUS), dipped -1.68%, and is now trading at $38, after the mobile carrier was downgraded recently to “neutral” from “outperform” by analysts at Macquarie.
The downgraded outlook is in response to pessimism surrounding the company’s possible acquisition by Dish Network (DISH).
“We are downgrading shares of our previous top carrier pick T-Mobile, as the shares have hit our $38 target price,” analyst Kevin Smithen said.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets.
Shares of Midway Gold Corp. (NYSEMKT:MDW), during its Thursday’s current trading session gained 4.74%, and is now trading at $0.10.
Midway Gold Corp., remains in active discussions with its Senior Lender regarding planned partnerships, asset sale opportunities and debt refinancing opportunities. As formerly revealed, the terms of a waiver with regard to the Senior Debt have lapsed and the Company remains in discussions to obtain additional waivers. The Company’s Senior Lender has offered the Company with a notice alleging an event of default based on the non-monetary conditions which were formerly waived. The notice does not invoke or demand any specific remedies but states that it reserves all rights. Midway believes the notice is intended to document the conditions as viewed by Senior Lender and, while there can be no assurances, the company will continue working toward maximizing value for its stakeholders by pursuing its planned alternatives.
Midway Gold Corp. engages in the acquisition, exploration, and development of gold and silver mineral properties in North America. The company holds interest in the Pan and Gold Rock Projects located along the prolific Battle Mountain/Eureka gold trend; the Spring Valley property, which is located in the Spring Valley Mining District, Pershing County, Nevada.
Finally, Toll Brothers Inc. (NYSE:TOL), gained 0.97% Thursday.
Toll Brothers, declared results for its second quarter and six months ended April 30, 2015.
FY 2015 Second Quarter Financial Highlights:
- FY 2015’s second-quarter net income was $67.9 million, or $0.37 per share diluted, contrast to net income of $65.2 million, or $0.35 per share diluted, in FY 2014’s second quarter.
- Pre-tax income was $86.5 million, contrast to pre-tax income of $93.5 million in FY 2014’s second quarter. Second quarter FY 2015 comprised of write-downs of $12.2 million, contrast to $1.9 million in FY 2014’s second quarter. Not taking into account write-downs, second-quarter pre-tax income was $98.7 million in FY 2015, contrast to $95.4 million in FY 2014.
- The effective tax rate in FY 2015’s second quarter was 21.5% due to the positive resolution (a $13.7 million reversal of tax reserves) of a state tax matter, contrast to 30.2% in FY 2014’s second quarter.
Toll Brothers, Inc., together with its auxiliaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the Unites States. It is also involved in building and selling homes in urban infill markets. In addition, the company owns, develops, and operates golf courses and country clubs that are associated with various planned communities; and acquires and develops commercial and apartment properties.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
