On Friday, Noranda Aluminum Holding Corporation (NYSE:NOR)’s shares declined -15.27% to $0.500.
Noranda Aluminum Holding Corporation (NOR) declared that its Board of Directors has unanimously approved a 1-for-7 reverse stock split of its common stock (the “reverse stock split”) and a reduction in the number of authorized shares of its common stock (the “authorized share reduction”).
The Company anticipates to hold a special meeting of stockholders to seek approval for the reverse stock split and reduction in authorized share capital. At least a majority in voting power of all of the Company`s shares entitled to vote generally in the election of directors, voting together as a single class is required to approve the reverse stock split and authorized share reduction.
The time, date, location and other details regarding the special meeting and the reverse stock split will be communicated to stockholders at a later date via proxy materials which will be filed with the Securities and Exchange Commission (the “SEC”).
Noranda Aluminum Holding Corporation produces and sells primary aluminum and rolled aluminum coils in the United States. The company’s Bauxite segment mines, produces, and sells bauxite used for alumina production. Its Alumina segment refines and converts bauxite into alumina, which is used in the production of primary aluminum; and sells smelter grade alumina and alumina hydrate, or chemical-grade alumina.
Umpqua Holdings Corp (NASDAQ:UMPQ)’s shares gained 1.68% to $18.12.
Umpqua Holdings Corp (UMPQ) the parent company of Umpqua Bank and Umpqua Investments, Inc., declared that its Board of Directors has approved a quarterly cash dividend in the amount of $0.15 per common share. The dividend is payable on July 15, 2015, to shareholders of record as of June 30, 2015.
Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through two segments, Community Banking and Home Lending. The Community Banking segment provides loan and deposit products to business and retail customers. The Home Lending segment originates, sells, and services residential mortgage loans. It also offers various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; financial planning, trust, and investments services to high net worth individuals; and retail brokerage and investment advisory services.
At the end of Friday’s trade, First Horizon National Corp (NYSE:FHN)‘s shares surged 0.84% to $15.61.
First Horizon National Corp (FHN) will declare second quarter 2015 financial results in a news release preceding to the market opening on July 17 followed by a conference call at 8:30 a.m. Central Time (U.S.) where administration will review earnings and performance trends. There will also be a live webcast accompanied by a slide presentation. The news release, call and slide presentation may involve forward-looking information, counting guidance.
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally. The company offers general banking services for consumers, businesses, financial institutions, and governments. It also provides investments, financial planning, trust, asset administration, credit card, and cash administration services.
Prudential Financial Inc (NYSE:PRU), ended its Friday’s trading session with 1.91% gain, and closed at $87.36.
Prudential Mortgage Capital Company declared organizational changes to strengthen its operational infrastructure as the company seeks to expand within an increasingly competitive market. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (PRU).
Paige Warren has stepped into the newly created role of chief operating officer from her current position as head of affordable housing finance in addition to Prudential Huntoon Paige, the firm’s FHA lending business. Hal Collett, president of the company’s servicing business, Prudential Asset Resources, has been named president of Huntoon Paige; and Wells Fargo veteran Tim Seward joins the company as President of Prudential Asset Resources, PMCC’s asset administration and servicing group. The appointments were made effective June 25, 2015.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products. Its U.S. Retirement Solutions and Investment Administration division offers individual variable and fixed annuity products; recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investments services; and guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities, and other group annuities. This division also provides investment administration and advisory services to the public and private marketplace.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
