On Thursday, Cree, Inc. (NASDAQ:CREE)’s closed at$ 34.13, as Cree, continues to relentlessly expand its leading LED bulb portfolio with the TW Series™ LED T8 Tube Replacement for consumers, making inferior linear fluorescent tubes a ‘thing of the past.’ Designed for simple, wire-free installation, the Cree® TW Series LED T8 Tube provides industry leading compatibility, beating the competition in light quality and performance, all at an affordable price. Accessible as 32-watt replacements, the TW Series LED T8 Tube Replacements are sold at The Home Depot® stores starting at just $21.97 and consuming up to 42 percent less energy than the 32W fluorescent tubes they replace.
“Consumers can once again continue to look to Cree to achieve the best lighting experience backed by unmatched price and performance for the seamless transition to energy-saving LED technology,” said Betty Noonan, Cree chief marketing officer. “With the new TW Series™ LED T8 Tube Replacement, we’re not only eliminating the need for outdated fluorescent technology in homes – we’re delivering a fundamentally better light with an affordable, uncompromising LED T8 tube.”
Cree, Inc: develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.
American Airlines Group Inc. (NASDAQ:AAL)’s settled at $49.17, during the last trading session on Thursday, soon after the following news that American Airlines Group Inc. (AAL), stated at the Annual Medal of Honor Foundation Event Luncheon that it has expanded its fuel conservation program, Fuel Smart. The program is employee driven and contributes a portion of savings generated to Air Compassion for Veterans (ACV), totaling more than $3.5 million since the joint venture began in 2010.
The Fuel Smart declaration was made during a special luncheon at Reagan National Airport honoring our nation’s recipients of the Medal of Honor in conjunction with National Medal of Honor Day activities. About 30 recipients and their guests arrived on a charter flight courtesy of American Airlines from JFK Airport. American Airlines has been a supporter of the Medal of Honor Foundation and Society for the past five years. Medal of Honor recipients receive complimentary Executive Platinum and Admirals Club benefits.
“American’s pilots are proud to be a part of the team supporting our active military, veterans and their families,” said Captain Anthony Chapman, Allied Pilots Association, Veterans Affairs.
American Airlines Group: through its auxiliaries, operates in the airline industry. As of December 31, 2014, the corporation operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
At the end of Thursday’s trade, Axalta Coating Systems Ltd. (NYSE:AXTA)’s closed at $27.93, after Axalta Coating Systems (AXTA), has priced and upsized its secondary offering from 35,000,000 to 40,000,000 of its common shares at $28.00 per share. All of the shares are being offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares.
Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities.
Axalta Coating Systems Ltd: through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
IAMGOLD Corp. (NYSE:IAG), ended its Thursday’s trading session with closed at $1.98, formerly on March 25, IAMGOLD Corp. (IAG), stated that a Form 40-F report has been filed with the U.S. Securities and Exchange Commission, comprising of the 2014 annual audited financial statements, administration talk about and analysis and the annual information form (‘AIF”).
The AIF and the 2014 annual audited financial statements and administration talk aboution and analysis have also been filed with the appropriate Canadian regulatory bodies. These filings are accessible for viewing and retrieval through the Canadian securities regulatory authorities at www.sedar.com.
IAMGOLD Corporation: primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The corporation holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
At the end of Thursday’s trade, Alpha Natural Resources, (NYSE:ANR)’s closed at $1.01, as the company declared that it has accomplished the repurchase of an aggregate of about $593 million in principal amount of its unsecured notes, counting $82 million principal amount of its 3.75% convertible notes due 2017, $108 million principal amount of its 9.75% senior notes due 2018, $220 million principal amount of its 6.00% senior notes due 2019, $68 million principal amount of its 4.875% convertible notes due 2020 and $115 million principal amount of its 6.25% senior notes due 2021, in separate privately negotiated transactions with investors. Alpha funded the aggregate repurchase price of about $331 million for the unsecured notes through a combination of proceeds from the issuance of $214 million principal amount of 7.50% senior secured second lien notes due 2020 (Series B) (the “Series B Notes”) and $117 million of cash on hand.
The repurchase of the unsecured notes and issuance of new Series B Notes results in a reduction in Alpha’s merged net indebtedness of about $379 million, and reduces Alpha’s anticipated annual cash paid for interest by about $21 million. As a result of the transactions, Alpha is revising its guidance for 2015 cash paid for interest from a range of $245-$255 million to a range of $230-$240 million.
Alpha Natural Resources: together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations. As of December 31, 2014, the corporation operated 60 mines and 22 coal preparation plants in Northern and Central Appalachia and the Powder River Basin.
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