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Tuesday 23 June 2015
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Pre-Market News Buzz on: Intuit (NASDAQ:INTU), Quest Diagnostics (NYSE:DGX), Corporate Office Properties Trust (NYSE:OFC), Banro (NYSEMKT:BAA)

On Friday, Intuit Inc. (NASDAQ:INTU)’s shares declined -0.07% to $104.32.

Intuit Inc. (INTU) QuickBooks Connect is returning to San Jose, Calif., with notable names joining the main stage lineup, counting The Honest Company’s Jessica Alba, founder and chief creative officer, and Brian Lee, co-founder and chief executive officer, in addition to Sekou Andrews, entrepreneur and poetic motivational speaker. Intuit QuickBooks will present these and other speakers with the aim of inspiring attendees and sharing lessons for small business success. Attendees can register at www.QuickBooksConnect.com.

Taking place Nov. 2-4, QuickBooks Connect will unite thousands of entrepreneurs, small businesses, accountants and developers under one roof to get connected, educated and inspired via hands-on breakout sessions, engaging main stage presentations and unique networking opportunities. Building on the success of last year’s event, QuickBooks Connect will feature a dynamic agenda and experience designed to assist attendees’ businesses grow and succeed. Alba, Lee, Andrews and others yet to be declared will speak on Nov. 3 during the main stage event.

Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. The company’s Small Business segment provides QuickBooks financial and business administration online services and desktop software; QuickBooks technical support services; financial supplies; and small business payroll products and services.

Quest Diagnostics Inc (NYSE:DGX)’s shares gained 0.66% to $73.34.

Quest Diagnostics Inc (DGX) the world’s leading provider of diagnostic information services, recently declared that its Care360 cloud-based electronic health record (EHR) has ranked number one among physician practices and groups with two to five practicing physicians. The ranking is based on a poll of 5,700 small and solo medical practices surveyed by Black Book™ in 2015.

Physicians across all specialties in these small-sized practices ranked Care360 EHR number one in overall satisfaction. The ranking comprises assessments in client experience and satisfaction with web-based EHRs based on 18 key performance indicators, such as implementations, updates, usability, customization and pricing. The survey results are accessible at: http://blackbookmarketresearch.com/ambulatory-alternate-site-ehr/

Quest Diagnostics Incorporated provides diagnostic testing information services in the United States and internationally. The company offers clinical testing services, such as routine testing, gene-based and esoteric testing, anatomic pathology services, and drugs-of-abuse testing, in addition to related services and insights; laboratory testing services for new drugs, vaccines, and medical devices; analytic, on-site prevention, and wellness services; and risk assessment services for the life insurance industry

At the end of Friday’s trade, Corporate Office Properties Trust (NYSE:OFC)‘s shares dipped -0.47% to $25.35.

Corporate Office Properties Trust (OFC) reached a Letter Agreement (the “Letter Agreement”) with Karen M. Singer, the Registrant’s Senior Vice President, General Counsel and Secretary, following which Ms. Singer commenced participation in the Registrant’s and the Operating Partnership’s Executive Change in Control and Severance Plan (the “Plan”) effective June 1, 2015.

Under the Plan, each executive selected to take part is entitled to receive the following payments and benefits in the event the executive is terminated for any reason other than death, disability or for “cause,” as defined in the Plan, or is “Constructively Discharged,” as defined in the Plan: (1) a severance payment equal to a specified severance multiple multiplied by the sum of the executive’s annual base salary plus the average of the executive’s annual cash performance bonuses for the last three years; (2) a pro-rated annual cash performance bonus for the year of termination through the date of termination based on the amount of the executive’s target annual cash performance bonus for that year; (3) full vesting of equity awards subject to a time-based vesting plan (with vesting of equity awards subject to performance-based vesting conditions to remain governed by the terms of the applicable award agreement);

(4) the right to exercise existing stock options for up to 18 months following termination; and (5) ongoing coverage under the Operating Partnership’s group medical, dental and vision plans for 12 months following termination unless such benefits are accessible to the executive through another group plan. If any payments and benefits to be paid or offered to an executive, whether pursuant to the Plan or otherwise, would be subject to “golden parachute” excise taxes un

Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, administration, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio comprised of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres. As of the above date, the company, through joint ventures, owned 18 operating properties, 2 office properties, and land parcels totaling 138 acres. As an REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, offered it distributes at least 90% of its taxable income. Corporate Office Properties Trust was founded in 1988 and is based in Columbia, Maryland.

Banro Corporation (USA) (NYSEMKT:BAA), ended its Friday’s trading session with -1.68% loss, and closed at $0.351.

Banro Corporation (USA) (BAA) hereby notifies holders of Series A Preference Shares of Banro (“Banro Series A Shares”) and holders of Preferred Shares of Banro Group (Barbados) Limited (“Barbados Preferred Shares”) that further to the Company’s press release of June 16, 2015, the board of directors of each of Banro and Banro Group (Barbados) Limited has authorized and declared a dividend payable of US$0.75 per Banro Series A Share and Barbados Preferred Share.

The dividend is payable to holders of record of Banro Series A Shares and Barbados Preferred Shares on June 26, 2015 and will be paid on June 30, 2015.

Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. It also owns 14 exploration permits covering an area of about 2,638 square kilometers located between the Twangiza and Namoya properties.

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