On Wednesday, Reynolds American, Inc. (NYSE:RAI)’s shares inclined 0.15% to $74.77.
Reynolds American, Inc. (RAI) has issued the following release: “R.J. Reynolds Tobacco Company (as successor issuer to Lorillard Tobacco Company) to withdraw 8.125% Senior Notes due 2019 from listing on the NYSE.
RAI’s website, www.reynoldsamerican.com, is the primary source of publicly revealed news about RAI and its operating companies. We use the website as our primary means of distributing quarterly earnings and other company news. We encourage investors and others to register at http://www.reynoldsamerican.com/events.cfm to receive alerts when news about the company has been posted.
R.J. Reynolds Tobacco Company, an indirect partner of Reynolds American Inc. (RAI), is the second-largest tobacco company in the United States. To learn more about how Reynolds American and its operating companies are transforming the tobacco industry, visit TransformingTobacco.com.
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names.
NorthStar Asset Administration Group Inc (NYSE:NSAM)’s shares dropped -1.35% to $18.24.
NorthStar Realty Finance Corp. is a diversified commercial real estate company that is organized as a REIT. NorthStar Realty Finance is managed by an associate of NorthStar Asset Administration Group Inc. (NSAM), a global asset administration firm.
NorthStar Realty Finance Corp. declared that NorthStar Realty Europe Corp. a current wholly-owned partner of NorthStar Realty Finance, has priced a private offering of $300 million aggregate principal amount of NorthStar Realty Europe’s 4.625% senior stock-settlable notes due December 2016, plus up to an additional $60 million principal amount of notes that may be issued at the option of the initial purchasers within 30 days of the initial sale of the notes. The offering is predictable to close on July 1, 2015, subject to the satisfaction of customary closing conditions. The notes will be senior unsubordinated and unsecured obligations of NorthStar Realty Europe, and each of NorthStar Realty Finance and its operating partnership, NorthStar Realty Finance Limited Partnership, will guarantee payments on the notes. Subject to specified conditions being met, counting completion of the planned spin-off of NRE by NorthStar Realty Finance, the listing of NRE common stock, $0.01 par value, and public notice at least 60 days prior to maturity, NRE may elect to settle all or part of the principal value of the notes in NRE common stock in lieu of cash, in which case the number of shares delivered per note will be based on NRE common stock prices during a measurement period right away preceding the maturity date.
Northstar Asset Administration Group Inc. provides asset administration and other services in the United States and internationally. It also offers securitization transaction services. The company is based in New York, New York. Northstar Asset Administration Group Inc. (NYSE:NSAM) operates independently of NorthStar Realty Finance Corp. as of June 30, 2014.
At the end of Wednesday’s trade, Carnival Corp (NYSE:CCL)‘s shares surged 0.47% to $49.62.
Holland America Line has broken ground on a new “Base Camp” complex at the company’s McKinley Chalet Resort near the entrance to Alaska’s Denali National Park. Predictable to be complete for the 2016 Alaska cruise season, Base Camp is part of Holland America Line’s ongoing enhancement program at the property that also comprises room updates, upgrades to soft goods and hotel decor and additional modifications.
The McKinley Chalet Resort provides accommodations for guests on Holland America Line’s Land+Sea Journeys that combine an Alaska cruise with an overland tour to Denali National Park and beyond. Base Camp will be centrally located between the main part of the property, containing the reception hall, dining facilities and guest rooms, and the riverfront guest rooms that provide stunning views of the Nenana River.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships. It also owns and operates 12 hotels or lodges, and about 300 motor coaches and 20 glass-domed railcars. The company sells its cruise services through retail, online and home-based agents, wholesalers, general sales agents, and tour operators. Carnival Corporation was incorporated in 1972 and is headquartered in Miami, Florida.
AK Steel Holding Corporation (NYSE:AKS), ended its Wednesday’s trading session with -1.94% loss, and closed at $3.80.
AK Steel Holding Corporation (AKS) has provided its outlook for the second quarter of 2015, wherein it anticipates reported net loss in the range of 37−42 cents per share. According to the company, its second-quarter results will be adversely affected by lower carbon steel prices as significantly high levels of unfairly traded imports continue.
Shares of AK Steel witnessed a fall of almost 3% in after-hours trading yesterday following the guidance announcement.
However, the company expects shipments to increase by around 3% from the first quarter of 2015, to roughly 1.8 million tons in the second quarter. The sequential increase in shipments is mainly associated with higher shipments to the carbon steel spot market and continued improvement in the automotive market.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.
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