On Friday, Fluor Corporation (NEW) (NYSE:FLR)’s shares declined -0.07% to $56.22.
Fluor Corporation (NEW) (FLR)’s Chairman and CEO, David Seaton, and CFO, Biggs Porter, will give a presentation to investors at the Credit Suisse 2015 Engineering & Construction Conference in New York on Thursday, June 4 at 8:40 a.m. Eastern time.
Fluor Corporation, through its auxiliaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project administration services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. The Oil & Gas segment offers a range of design, engineering, procurement, construction, and project administration services to upstream oil and gas production, liquefied natural gas, downstream refining, offshore production, pipeline, chemicals, and petrochemicals industries. It also provides consulting services comprising feasibility studies, process assessment, and project finance structuring and studies.
Apollo Education Group Inc (NASDAQ:APOL)’s shares dropped -0.18% to $16.58.
Boys & Girls Clubs of America (BGCA) and University of Phoenix, a partner of Apollo Education Group Inc (APOL) have once again partnered to find and reward America’s most inspirational moms. In celebration of Mother’s Day, the two organizations have recognized five inspirational moms with full-tuition scholarships to assist them earn either a bachelor’s or master’s degree from University of Phoenix.
Every child needs the support of a nurturing and devoted parent to assist them succeed. Often, parents must put their own aspirations, like earning a degree, on hold as they commit their time and effort to other responsibilities. The Most Inspirational Moms program recognizes those mothers who have made such sacrifices and instead focused first on making a difference in the lives of their children, families and communities.
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally.
At the end of Friday’s trade, EarthLink Holdings Corp. (NASDAQ:ELNK)‘s shares dipped -0.57% to $6.94.
EarthLink Holdings Corp. (ELNK) declared recently that it has delivered a notice of redemption for $70,000,000 aggregate principal amount of its outstanding 8 7/8% Senior Notes due 2019. The redemption will occur on June 15, 2015 and holders of the Notes to be redeemed will receive a redemption price equal to 104.438% of the principal amount of such Notes, plus accrued and unpaid interest to, but not taking into account, the redemption date. To facilitate the redemption, EarthLink intends to use about $20 million of cash and draw down about $55 million under its senior secured revolving credit facility, leaving about $80 million of liquidity accessible in the $135 million credit facility. These new borrowings under the credit facility will have an interest rate of LIBOR plus 3.50%, which is lower than the interest rate for the Notes. At current LIBOR rates, EarthLink’s annualized debt service costs following these actions are predictable to be more than $6 million lower than they were at the startning of 2015. EarthLink anticipates to record a loss on extinguishment of debt of about $5.6 million in its second quarter financial results in connection with the redemption compriseing of the premium paid for the redemption and a non-cash charge for the write-off of unamortized discount on debt and debt issuance costs. Deutsche Bank Trust Company Americas, the trustee under the indenture governing the Notes, is sending a notice of redemption to all presently registered holders of the Notes.
EarthLink Holdings Corp., together with its auxiliaries, provides managed network, security, and cloud services to business and residential customers in the United States. The company operates in two segments, Business Services and Consumer Services.
First Republic Bank (NYSE:FRC), ended its Friday’s trading session with -1.35% loss, and closed at $60.55.
First Republic Bank (FRC) declared a public offering of depositary shares, each representing a 1/40th interest in a share of its Noncumulative Perpetual Series F Preferred Stock, at a public offering price of $25.00 per depositary share. In addition, First Republic will grant the underwriters an option for up to 30 days to purchase additional depositary shares at the public offering price less the underwriting discount.
First Republic anticipates to use the net proceeds from the offering for general corporate purposes, which may comprise, among other things, funding loans or purchasing investment securities for its portfolio.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are serving as joint book-running managers.
First Republic Bank, together with its auxiliaries, provides private banking, private business banking, real estate lending, and wealth administration services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Administration.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
