On Thursday, Arch Coal Inc (NYSE:ACI)’s shares inclined 37.55% to $3.81.
Arch Coal, declared the extension of its (i) pending private offer to exchange (the “2020 Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”) and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Notes”) and (ii) pending concurrent private offer to exchange (the “Concurrent Exchange Offer” and, together with the 2020 Exchange Offer, the “Exchange Offers”) Trust Certificates, 8.00% Senior Secured Notes due 2022 (the “New 2022 Secured Notes”) and 12.00% Senior Secured Second Lien Notes due 2023 (the “New 2023 Secured Notes”) for its outstanding 7.000% Senior Notes due 2019 (“Old 7.000% 2019 Notes”), 9.875% Senior Notes due 2019 (“Old 9.875% 2019 Notes”) and 7.250% Senior Notes due 2021 (“Old 7.250% 2021 Notes” and, together with the Old 7.000% 2019 Notes and the Old 9.875% 2019 Notes, the “Old Notes”).
The 2020 Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. The Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. Additionally, the Early Tender Time for the Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. The Withdrawal Deadline for the Exchange Offers has passed, so 2020 Notes tendered in the 2020 Exchange Offer and Old Notes tendered in the Concurrent Exchange Offer may no longer be withdrawn.
As of 5:00 p.m. New York City time on September 23, 2015, about $421 million aggregate principal amount of 2020 Notes have been validly tendered following the 2020 Exchange Offer, and about $500 million aggregate principal amount of Old 7.000% 2019 Notes, $173 million aggregate principal amount of Old 9.875% 2019 Notes and $478 million aggregate principal amount of Old 7.250% 2021 Notes have been validly tendered following the Concurrent Exchange Offer.
Arch Coal, Inc. is a coal producer, which sells all of its coal to power plants, steel mills and industrial facilities. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. It operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
Corning Incorporated (NYSE:GLW)’s shares dropped -0.60% to $16.67.
Xtera Communications, Inc., a leading global provider of optical networking solutions, and State Grid Information & Telecommunication (SGIT) of China, the telecommunication arm of the world’s largest power grid builder and operator, declared the demonstration of record unrepeatered transmission distances using Xtera’s commercial Wise Raman™ solution and large effective area ultra-low loss fiber from Corning Incorporated (NYSE: GLW), a leading provider of optical fibers. With the support of Accelink, Xtera’s partner in China, 100G and 10G transmissions were demonstrated over 627 km and 645 km, respectively, with no active equipment between the end points of the links.
These industry’s leading achievements outline the unrivaled unrepeatered reach performance obtained by combining Xtera’s Wise Raman™ optical amplification solution and Corning® Vascade® EX2000 optical fiber. Both products are commercially available recently and already deployed in the field.
Ultra-long, “thin” (low-capacity) unrepeatered transmission systems provide a cost-effective and simpler-to-operate solution over a repeatered solution for many applications, counting subsea links connecting sparsely populated islands and communication links to offshore oil and gas platforms, and over power utility grids to remote areas.
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences.
At the end of Thursday’s trade, Verizon Communications Inc. (NYSE:VZ)‘s shares surged 0.25% to $44.09.
Big ideas can come from anywhere. That belief is at the core of Verizon’s Powerful Answers Award competition, and it has never held truer as over 1,400 startups and entrepreneurs from over 70 countries entered submissions in this year’s contest.
Recently, the company declared 36 Powerful Answers Award finalists in three technology categories — Emergency Response, Transportation and Internet of Things – which have been selected to move on to the Powerful Answers Award Final Round. There are 12 finalists in each of the three categories and a top prize of $1 million is up for grabs in each category. One first runner-up and two second runner-ups in each category will receive $500,000 and $250,000 prizes respectively for a total of $6 million awarded by Verizon. Final presentations and judging will take place on September 29 and 30 at Verizon’s San Francisco Innovation Center and its Santa Clara Development Center.
Verizon Communications Inc. (Verizon) is a holding company that, acting through its auxiliaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments comprise Wireless and Wireline.
Yahoo! Inc. (NASDAQ:YHOO), ended its Thursday’s trading session with -1.34% loss, and closed at $29.34.
Yahoo denied requests by law enforcement agencies in India, Ireland and the United Kingdom to remove content earlier this year, but agreed to remove a single Flickr image that glorified terrorism, according to the Sunnyvale company’s transparency report published Thursday, according to Siliconbeat.
The company also said it received more than 15,000 government data requests from around the world during the first six months of the year through search warrants, court orders and subpoenas from law enforcement and civil investigative agencies. The requests were for emails, photos or other data from nearly 26,000 Yahoo accounts. It revealed content in 1,568 cases, and non-content data for 7,817 cases, and fully rejected about 5,000.
Yahoo said it received only a handful of government takedown requests to censor content. One Indian law enforcement agency asked Yahoo to removed an allegedly defamatory comment posted to a Yahoo Group, but the company rejected that request. A law enforcement agency in the United Kingdom asked Yahoo to remove nine Flickr photos that allegedly promoted terrorism, but Yahoo removed only one because the others appeared to expose and condemn violent extremism. Siliconbeat Reports
Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search, communication and digital content. The Company manages its business geographically: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. The Company’s products comprise Search, Communications, Digital content, Flickr, and Tumblr.
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