On Wednesday, Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)’s shares inclined 1.25% to $63.19.
The Kibali gold mine is well on track to achieve its production guidance of 600 000 ounces for this year and, while work still continues on the development of its underground operation and second hydropower plant, the business is running at its designed specifications, Randgold Resources (RRS) ( GOLD) chief executive Mark Bristow said here recently.
At his quarterly update for local media, Bristow also declared that Randgold had reached a ground-breaking protocol with the communities that surround the mine and local authorities, to deploy Kibali in the development of a new economic frontier in the underdeveloped north-east of the country.
Bristow said Randgold was steadily broadening the range of Congolese businesses providing goods and services to Kibali in order to promote the expansion of the local economy. Construction, ore hauling, transport and waste administration are all now handled by Congolese companies, and a collective of local women is feeding more than 2 000 workers daily from mobile kitchens. Kibali has also committed a sum of $1 million to support economic development in the region and as part of this launched a successful business administration training program for aspiring entrepreneurs in the area.
Randgold Resources Limited explores and develops gold deposits in Sub-Saharan Africa. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, Western Africa; Tongon mine located within the Nielle exploitation permit in the north of Côte dIvoire; Kibali mine located in the Democratic Republic of Congo; and the Massawa project located in Senegal.
New York REIT Inc (NYSE:NYRT)’s shares dropped -0.20% to $10.23.
First Winthrop Corporation, a private real estate administration and investment company, and The Witkoff Group recently released a letter sent to the Board of Directors of New York REIT, Inc. (NYRT) on July 15, 2015, submitting a revised proposal with respect to their offer to become the external manager of NYRT.
To summarize briefly, we believe that there are three key components to our preceding proposal that we are now updating and addressing in this Revised Proposal. The first element remains exclusivity. It beggars the mind that in this day and age of public company fiduciary responsibility that any Board of Directors would permit its existing administration team to sponsor and manage new investment entities that compete directly with the investment policies and aims of the company they oversee. The inherent conflicts of interest this situation begets are self-evident. To this point, we can find no publicly traded real estate investment trust in which internalized administration is permitted to behave in such a manner. Winthrop/Witkoff, on the other hand, is proposing that its principals perform all of their acquisitions and investment activities with respect to New York metropolitan area REIT tax compliant assets exclusively through NYRT.
New York REIT, Inc. focuses on acquiring commercial real estate, in addition to acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. It intends to qualify as a real estate investment trust for the U.S. federal income tax purposes.
At the end of Wednesday’s trade, Houghton Mifflin Harcourt Co (NASDAQ:HMHC)‘s shares dipped -1.27% to $22.57.
Global learning company Houghton Mifflin Harcourt (HMH) has attained select eBook and technology assets of MeeGenius — an eBook subscription service for children aged up to eight years old. The acquisition marks the Company’s latest investment in high-quality digital content for parents and young learners and supports its ongoing planned focus on the direct-to-consumer market.
Accessible in both iOS and Android, the award winning MeeGenius app and subscription service offer mobile access to hundreds of classic children’s stories, MeeGenius originals, and content from authors around the world, improved with interactive digital features such as read-along word highlighting, audio playback, and engaging story narration.
Houghton Mifflin Harcourt Company provides education solutions for educational institutions and consumers worldwide. It delivers content, technology, and services to about 50 million students. The company operates in two segments, Education and Trade Publishing. The Education segment develops, publishes, and markets various comprehensive curriculum programs that focus on reading, literature and language arts, mathematics, science, world languages, and social studies for the pre-K-12 market; and comprehensive intervention solutions for assisting English language learners, in addition to products providing incremental instruction in a particular subject area.
Thomson Reuters Corp (NYSE:TRI), ended its Wednesday’s trading session with -0.34% loss, and closed at $40.67.
Thomson Reuters recently declared the release of a special report, Estate Planning Portability is a Game-Change for Married Couples, to guide estate planners on the application of the portability provision, which allows a surviving spouse to inherit the deceased spouse`s residual gift and estate tax applicable exclusion amount.
Portability offers a noteworthy change in estate planning for married couples and may be one of planners` most effective tools for small and medium-sized estates. Congress introduced this taxpayer-friendly provision to simplify estate planning, and the recently released final regulations clarify the portability election rules. However, while this opportunity is incredibly useful, it is not automatic.
Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. The company sells electronic content and services to professionals primarily on a subscription basis. It operates through four segments: Financial & Risk, Legal, Tax & Accounting, and Intellectual Property & Science. The Financial & Risk segment offers news, and information and analytics, in addition to enables transactions and brings together communities that allow trading, investing, financial, and corporate professionals to connect.
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