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Monday 19 October 2015
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Stocks Roundup: Royal Caribbean Cruises Ltd(NYSE:RCL), Bank of Nova Scotia(NYSE:BNS), CBL & Associates Properties, Inc.(NYSE:CBL), Louisiana-Pacific Corporation(NYSE:LPX)

On Monday, Royal Caribbean Cruises Ltd(NYSE:RCL)’s shares declined -0.84% to $88.13.

Royal Caribbean Cruises Ltd. (RCL) declared that Michael Giresi has been named senior vice president and chief information officer. Giresi joins Royal Caribbean with more than 20 years of experience in implementing technology initiatives for leading brands counting Tory Burch, LLC, Direct Brands, Inc., Godiva Chocolatier and The Estee Lauder Companies Inc. Giresi will report directly to Adam Goldstein, president and COO of Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names. The Royal Caribbean International brand provides cruise itineraries ranging from 2 to 18 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.

Bank of Nova Scotia (NYSE:BNS)’s shares gained 1.26% to $45.64.

Scotiabank declared a dividend on the outstanding shares of the Bank for the quarter ending October 31, 2015, as follows, payable on October 28, 2015 to shareholders of record at the close of business on October 6, 2015

The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. The company provides financial advice, solutions, and day-to-day banking products, counting debit cards, checking accounts, credit cards, investments, mortgages, loans, and related creditor insurance products to individuals and small businesses; and commercial banking solutions, counting lending, deposit, cash administration, and trade finance solutions to medium and large businesses primarily through a network of 1,040 branches and 3,942 automated banking machines.

At the end of Monday’s trade, CBL & Associates Properties, Inc. (NYSE:CBL)‘s shares dipped -1.91% to $14.88.

CBL & Associates Properties, Inc. (CBL) recently declared that it closed on the disposition of Madison Plaza, a 154,000-square-foot community center in Huntsville, AL, for a total cash price of $5.7 million. Earlier in 2015, CBL sold the mall located adjacent to the center. These transactions are part of CBL’s strategy of upgrading its portfolio quality through dispositions of lower growth and non-core properties.

CBL also stepped down four loans totaling $322.7 million using availability under its lines of credit. The weighted average interest rate for the four loans was 5.0%. The loans were secured individually by CherryVale Mall in Rockford, IL, East Towne Mall in Madison, WI, West Towne Mall in Madison, WI, and Brookfield Square in Milwaukee, WI.

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.

Louisiana-Pacific Corporation (NYSE:LPX), ended its Monday’s trading session with 0.43% gain, and closed at $16.44.

Louisiana-Pacific Corporation (LP) (LPX) stated results for the second quarter of 2015, which comprised of the following:

  • Sales for the second quarter of $493 million were lower by 5 percent contrast to the year ago quarter.
  • Net loss was $20 million ($0.14 per diluted share).
  • Non-GAAP adjusted loss was $12 million ($0.08 per diluted share).
  • Adjusted EBITDA for the second quarter was $16 million contrast to $26 million in the second quarter of 2014.
  • Cash and cash equivalents were $481 million as of June 30, 2015.

Louisiana-Pacific Corporation, together with its auxiliaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction. The company’s Oriented Strand Board segment offers structural panel products comprising plywood, counting roof decking, sidewall sheathing, and floor underlayment. Its Siding segment provides SmartSide siding products and related accessories, such as wood-based sidings, trim, soffit, and fascia; and CanExel siding and accessory products, counting pre-finished lap and trim products.

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