On Tuesday, Shares of EXCO Resources Inc (NYSE:XCO), gained 1.53% to $0.801.
EXCO Resources, declared that it will hold a special meeting of shareholders on Monday, November 16, 2015 at 2:00 p.m., central time, at EXCO’s corporate office located at 12377 Merit Drive, First Floor Conference Center, Dallas, Texas.
At the special meeting, EXCO will seek shareholder approval of two amendments to EXCO’s Amended and Restated Certificate of Formation: an amendment to effect, at the discretion of EXCO’s Board of Directors (the “Board”), a reverse share split at a ratio of up to 1-for-10 common shares to be determined by the Board and a proportional reduction in the total number of common shares authorized for issuance and an amendment to limit the benefits of EXCO’s waiver of the corporate opportunities doctrine solely to C. John Wilder, Jr.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
Shares of Quantum Corp (NYSE:QTM), declined -6.08% to $0.700, during its last trading session.
Quantum Corp., declared the appointment of Bassam Tabbara as chief technology officer, with responsibility for driving the company’s long-term technology strategy as it builds on its leadership in scale-out storage, archive and data protection. Tabbara has more than 20 years of experience in planned product development — identifying and delivering on new innovation opportunities. He joined Quantum in August 2014 as part of its acquisition of Symform’s cloud platform, having served as the company’s CTO and co-founder.
“As reflected in our 74 percent scale-out storage growth this past year, more and more customers are turning to Quantum to assist maximize the business value of their data,” said Jon Gacek, president and CEO of Quantum. “Bassam has already advanced our thinking about how we can enable these customers to drive future success, leveraging his broad experience in developing new innovations to meet evolving storage demands. We look forward to drawing on Bassam’s technology perspective and vision across the company.”
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
At the end of Tuesday’s trade, Shares of Invesco Mortgage Capital Inc (NYSE:IVR), lost -1.12% to $12.32.
Invesco Mortgage Capital, declared that its Board of Directors declared quarterly dividends on shares of its common stock and Series A and Series B preferred stock.
Invesco Mortgage Capital Inc., a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
Finally, Sunoco Logistics Partners L.P. (NYSE:SXL), ended its last trade with -5.98% loss, and closed at $25.46.
Sunoco Logistics Partners L.P., declared the commencement of a binding Open Season for its Mariner East 2 Expansion Project. This Open Season is for expanded capacity on the Mariner East 2 system which will be able to transport additional volumes of petroleum products, counting natural gas liquids and condensate from processing facilities built in the liquid-rich Marcellus and Utica Shale areas in Western Pennsylvania, West Virginia and Eastern Ohio to Sunoco Logistics’ Marcus Hook Industrial Complex on the Delaware River. The Open Season offers service for ethane, propane, butane, C3+, natural gasoline and condensate depending upon customer interest. Refined product movements will be considered if there is sufficient customer interest. The Mariner East 2 Expansion Project is predictable to commence operations as early as 2017.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines.
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