On Wednesday, Shares of American Airlines Group Inc. (NASDAQ:AAL), lost -1.47% to $43.13.
American Airlines’s CEO is facing heat from retirees who are angry that the company reduced their travel perks, according to AP.
After merging with US Airways, American put retirees behind current employees of both carriers in claiming open seats on stand-by basis.
Some retirees are livid about the change. They have picketed company events and spoke up during Wednesday’s annual shareholder meeting in New York. AP Reports.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company 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.
Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), inclined 2.43% to $12.44, during its last trading session.
Brocade Communications Systems, stated its financial results for its second fiscal quarter 2015.
Brocade stated second quarter revenue of $547 million, up 2% year over year and down 5% sequentially. The Company stated GAAP diluted Earnings Per Share (EPS) of $0.18, up from a loss of $0.03 per share in Q2 2014 and down from $0.20 in Q1 2015. The Q2 2014 GAAP loss was due to a non-cash goodwill impairment charge associated with the planned repositioning of the Brocade ADX® product family. Non-GAAP diluted EPS was $0.22 for Q2 2015, up from $0.19 in Q2 2014 and down from $0.27 in Q1 2015.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
At the end of Wednesday’s trade, Shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI), lost -15.08% to $2.14.
Clean Diesel Technologies, declared that it is raising about $5.1 million in gross proceeds in an underwritten public offering of 2,500,000 common stock units at a purchase price of $2.05 per unit. Each unit will comprise of one share of the Company’s common stock and 0.2 of a warrant to purchase one share of common stock. The warrants are exercisable six months and one day after the date of issuance at an exercise price of $2.65 per share and will expire, unless exercised, five years from the date they first become exercisable.
The net proceeds from the sale of the shares and the related warrants, after deducting underwriting discounts, commissions and expense reimbursements and other estimated offering expenses payable by CDTi, will be about $4.5 million, which does not comprise any potential proceeds from the cash exercise of any warrants. CDTi intends to use the net proceeds from this offering (counting any resulting from the exercise of the warrants, if any) for general corporate purposes, counting, but not limited to, working capital, general and administrative expenses, capital expenditures, implementation of planned precedingities, and as otherwise revealed in the prospectus supplement.
Cowen and Company, LLC is acting as sole book-running manager and Lake Street Capital Markets, LLC is acting as co-manager. The offering is predictable to close on June 8, 2015, subject to the satisfaction of customary closing conditions.
Clean Diesel Technologies, Inc. manufactures and distributes light duty vehicle catalysts and heavy duty diesel emissions control systems and products to automakers, distributors, integrators, and retrofitters in the United States, Canada, Sweden, and the United Kingdom. It operates through two divisions, Catalyst and Heavy Duty Diesel Systems.
Finally, Select Medical Holdings Corporation (NYSE:SEM), ended its last trade with 0.18% gain, and closed at $16.43.
Select Medical Holdings Corporation, declared that MJ Acquisition Corporation, a joint venture that Select Medical Corporation formed with Welsh, Carson, Anderson & Stowe XII, L.P., has accomplished its formerly declared acquisition of Concentra Inc. Cressey & Company has also invested in the new joint venture.
Select Medical Holdings Corporation, through its partner, Select Medical Corporation, operates specialty hospitals and outpatient rehabilitation clinics in the United States. It operates in two segments, Specialty Hospitals and Outpatient Rehabilitation.
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