On Thursday, Zoetis Inc (NYSE:ZTS)’s shares declined -0.33% to $48.28.
Zoetis Inc. (ZTS) will host a webcast and conference call at 8:30 a.m. (EDT) on Tuesday, Aug. 4, 2015. Chief Executive Officer Juan Ramón Alaix and Executive Vice President and Chief Financial Officer Paul Herendeen will review second quarter 2015 financial results and respond to questions from financial analysts during the call.
Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide. The company operates through four segments: the United States; Europe/Africa/Middle East; Canada/Latin America; and Asia/Pacific. It offers anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; vaccines that are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; and parasiticides that prevent or eliminate external and internal parasites, such as fleas, ticks, and worms.
Goodrich Petroleum Corporation (NYSE:GDP)’s shares dropped -2.38% to $1.64.
Goodrich Petroleum Corporation (GDP) declared that it has commenced completion operations on two of its six drilled but unaccomplished wells in the Tuscaloosa Marine Shale (“TMS”). The B-Nez 43H-1 (70%WI) and B-Nez 43H-2 (74% WI) wells in Tangipahoa Parish are near completion of fracture stimulation, with flow back and initial production predictable within 1 - 2 weeks. The Company presently anticipates concluding the remaining four drilled but unaccomplished TMS wells from mid-July through early September. All six wells, which are located within the Company’s core acreage position of 150,000 net acres, will be accomplished prior to the fall borrowing base redetermination planned for October 2015.
The Company’s full year capital expenditure budget of $90 - 110 million was front-end loaded, with about 46% of the budget at the mid-point of guidance spent in the first quarter, as the Company entered the year with three rigs under contract. The Company presently has zero rigs running with plans to bring a rig back to the TMS in October, with no change to formerly issued guidance. The Company re-affirms second quarter capital expenditure guidance of $10 – 15 million and exited the first quarter with in excess of $100 million of liquidity. The Company maintains the ability to enhance liquidity by pursuing a potential joint venture or sale of its Eagle Ford Shale asset.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
At the end of Thursday’s trade, TCF Financial Corporation (NYSE:TCB)’s shares dipped -2.45% to $16.33.
TCF Inventory Finance, Inc., a partner of TCF National Bank and an indirect partner of TCF Financial Corporation (TCB), and Ariens Company (Ariens) declared recently a definitive agreement to provide inventory financing to more than 1,500 Ariens and Gravely dealers across the United States and Canada. TCFIF will be the exclusive financing provider for its portfolio of lawn and garden equipment.
The Ariens Company portfolio of brands comprises some of the oldest and most respected names in the outdoor power equipment industry. The multi-year planned alliance with TCFIF will enable dealers to stock a wide selection of all Ariens® and Gravely® products counting snow blowers, riding mowers, walk behind mowers, and commercial outdoor power equipment.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services. The company’s Lending segment offers retail lending services, counting consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements.
At the end of Thursday’s trade, Hudson City Bancorp, Inc. (NASDAQ:HCBK)‘s shares dipped -1.09% to $10.00.
Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank (the “Bank”), declared recently that it has released the 2015 capital stress test results for the Bank as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DFA”). The results can be obtained on the Company’s web site http://www.hcsbonline.com. The results, per regulatory guidance, are for the Bank only.
The DFA requires national banks and federal savings associations with total merged assets of more than $10 billion, such as the Bank, to conduct annual stress tests. Accordingly, the Bank conducted a DFA company-run stress test (“DFAST”) under three hypothetical supervisory scenarios (baseline, adverse and severely adverse) and guidance offered by the Office of the Comptroller of the Currency (“OCC”) and the Board of Governors of the Federal Reserve System (“Federal Reserve”). The DFA and regulatory guidance require the Bank to publicly disclose the results of the DFAST under the supervisory severely adverse scenario.
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
DDR Corp (NYSE:DDR), ended its Thursday’s trading session with 0.19% gain, and closed at $15.70.
DDR Corp. (DDR) declared its second quarter 2015 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.
Each Class J depositary share is equal to one-twentieth of a share of DDR’s 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period starting April 15, 2015 and ending July 14, 2015. The declared Preferred Class J Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 1, 2015.
Each Class K depositary share is equal to one-twentieth of a share of DDR’s 6.25% Class K Cumulative Redeemable Preferred Stock. The declared Preferred Class K dividend covers the period starting April 15, 2015 and ending July 14, 2015. The declared Preferred Class K Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 1, 2015.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
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