On Thursday, Flotek Industries Inc (NYSE:FTK)’s shares inclined 1.08% to $12.21.
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.
Garmin Ltd. (NASDAQ:GRMN)’s shares dropped -1.18% to $45.49.
Garmin International Inc., a unit of Garmin Ltd. (GRMN), declared the new RV 660LMT, a 6-inch navigator packed with features built specifically with the recreational vehicle driver in mind. Assistful RV-specific road warnings inform drivers of bridge heights, weight limits and sharp curves, while custom routing1 takes into account the size and weight of an RV or towable trailer to prepare the most convenient route for a driver’s journey. The RV 660LMT also boasts a comprehensive directory of RV parks and services that allow owners to easily find campgrounds and service locations, which can be filtered based on preferred amenities like onsite water and Internet access.
Garmin Ltd., together with its auxiliaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide. It operates in five segments: Automotive/Mobile, Aviation, Marine, Outdoor, and Fitness. The Automotive/Mobile segment offers personal automotive navigation devices; and infotainment solutions, in addition to mobile applications under the Viago, StreetPilot, and NAVIGON brands.
At the end of Thursday’s trade, Mack Cali Realty Corp (NYSE:CLI)‘s shares surged 0.52% to $17.37.
Mack Cali Realty Corp (CLI) declared a new executive leadership team of Mitchell E. Rudin and Michael J. DeMarco. Effective right away, Mr. Rudin will serve as chief executive officer and Mr. DeMarco will serve as president and chief operating officer.
Messrs. Rudin and DeMarco are accomplished industry veterans, each with more than 30 years of experience in real estate. Most recently, Mr. Rudin served as the president and chief executive officer of U.S. Commercial Operations at Brookfield Office Properties and prior to that he served as the president and chief executive officer of the New York Tri-State Region for CBRE, Inc. Mr. DeMarco’s expertise is in the areas of investment banking, capital markets, and restructuring of operations, which comprises his time as a senior managing director at Lehman Brothers, a managing director at Fortress Investment Group, and an executive vice president at Vornado Realty Trust.
Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, administration, acquisition, development, and construction of commercial real estate properties in the United States. The firm invests in the real estate markets of the United States primarily in the northeastern United States, in addition to in the District of Columbia.
Vimicro International Corporation (ADR)( NASDAQ:VIMC), ended its Thursday’s trading session with -9.19% loss, and closed at $14.23.
Vimicro International Corporation (ADR) (VIMC) declared that the Company will host a conference call to talk about financial results for the first quarter ended March 31, 2015.
Vimicro senior administration will host the conference call at 8:00 a.m. (U.S. Eastern Daylight Time) / 5:00 a.m. (U.S. Pacific Daylight Time) / 8:00 p.m. (Beijing / Hong Kong time) on Wednesday June 10, 2015 to talk about the Company’s first-quarter 2015 financial results.
Vimicro International Corporation, together with its auxiliaries, designs, develops, and markets semiconductor products with multimedia applications in Mainland China, Hong Kong, and the United States.
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