On Thursday, Lexington Realty Trust (NYSE:LXP)’s shares declined -2.86% to $8.83.
Lexington Realty Trust (LXP) declared that it declared a regular common share/unit dividend/distribution for the quarter ending June 30, 2015 of $0.17 per common share/unit payable on or about July 15, 2015 to common shareholders/unitholders of record as of June 30, 2015.
Lexington also declared that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Shares”) for the quarter ending June 30, 2015. This Series C Preferred Share dividend is payable on or about August 17, 2015, to shareholders of record of Series C Preferred Shares as of July 31, 2015.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.
Consolidated Edison, Inc. (NYSE:ED)’s shares dropped -0.59% to $57.50.
Con Edison is a partner of Consolidated Edison, Inc. (ED).
This summer, New Yorkers with window ACs don’t have to come home to a sauna or an icebox after being out all day. No longer do they have to decide between leaving the AC unit off or on while they are out. Instead, they can join coolNYC, the popular window air conditioner program that offers users technology to control their AC temperature and turn any room air conditioner on/off remotely via their computer or smartphone. The program is returning to Con Edison customers in 2015 with more ways for New Yorkers to save energy, earn rewards, and stay cool.
coolNYC, a Con Edison program offered in partnership with ThinkEco, allows New Yorkers to work together to ensure the reliability of NYC’s electric grid. Customers who join coolNYC can control their room AC from anywhere and earn coolPoints through participation in coolNYC Events. During an event, coolNYC will temporarily reduce the customer’s AC energy use. coolNYC Events will generally take place when the electric grid is under strain, typically on very hot days.
Merged Edison, Inc., through its auxiliaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to about 3.4 million customers in New York City and Westchester County; gas to about 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to about 1,700 customers in parts of Manhattan.
At the end of Thursday’s trade, Newpark Resources Inc (NYSE:NR)‘s shares surged 5.96% to $8.35.
Newpark Resources, Inc. (NR) declared that administration will take part in the UBS Energy Conference on June 30th. The GHS 100 Energy Conference will be webcast.
Newpark Resources, Inc. provides various products and services primarily to the oil and gas exploration industry. The company operates in two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, such as horizontal directional, geologically deep, or deep water drilling. This segment also grinds barite and other industrial minerals.
Berkshire Hathaway Inc. (NYSE:BRK.B), ended its Thursday’s trading session with -0.44% loss, and closed at $139.47.
H.J. Heinz Co said that Warren Buffett’s Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker’s planned merger with Kraft Foods Group Inc .
In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week.
Heinz said the shares represent about 5.4 percent of its outstanding common stock, and that their issuance gives Berkshire a 52.5 percent overall stake.
The warrant was issued in connection with Heinz’s $23 billion acquisition by Berkshire and Brazilian private equity firm 3G Capital in 2013.
Shareholders of Kraft are planned to vote on July 1 on the Heinz merger, which would create one of the world’s largest food and beverage companies.
Heinz owners would get a 51 percent stake in the combined company, which would be known as Kraft Heinz Co.
Berkshire would own about 27 percent of the combined company, but 3G would oversee day-to-day operations.
Kraft brands comprise its namesake cheese, Oscar Mayer cold cuts and Maxwell House coffee. The company has said it anticipates to close the merger a few business days after shareholder approval.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its auxiliaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
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