On Wednesday, California Resources Corp (NYSE:CRC)’s shares declined -0.14% to $7.21.
California Resources Corporation (CRC) declared that its Board of Directors has approved a quarterly dividend of 1 cent per share, payable July 15, 2015 to stockholders of record at the close of business on June 10, 2015. The current annualized rate would be $0.04 per share.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
T-Mobile US Inc (NYSE:TMUS)’s shares dropped -1.19% to $39.03.
T-Mobile US Inc (TMUS) the fourth largest national telecom operator in the U.S., is constantly building pressure on larger peers like AT&T Inc. T and Verizon Communications Inc. VZ with respect to wireless spectrum procurement. Recently, the company has asked regulator Federal Communications Commission (FCC) to disallow the purchase of low-band spectrum by AT&T from East Kentucky Network through a secondary market transaction.
T-Mobile US argued that the purchase of low-band spectrum is not in tune with the FCC’s stated policy of public interest. The deal will have serious anticompetitive consequences with the increasing concentration of below-1-GHz spectrum in the hands of AT&T. Meanwhile, AT&T has denied the allegation and stated that the said spectrum is at present fallow and unused and therefore will not affect the competitive spirit in any way. On the contrary, the frequencies in question will be utilized by AT&T to deploy 10×10 MHz LTE networks in several rural U.S. markets where customers are yet to avail the benefits of 4G technology.
This is not the first time that T-Mobile US has raised questions regarding spectrum purchase by AT&T and Verizon. The FCC is likely conduct a low-band airwaves auction called “incentive auction”. A total of 70-80 MHz airwaves will be up for sale of which the FCC has decided to set aside 30 MHz for small telecom operators only (not taking into account AT&T and Verizon). However, T-Mobile US wants the reserve amount to be raised to more than 40 MHz.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, in addition to through its Websites.
At the end of Wednesday’s trade, Hain Celestial Group Inc (NASDAQ:HAIN)‘s shares dipped -1.24% to $67.22.
Hain Celestial Group Inc (NASDAQ:HAIN) a leading organic and natural products company providing consumers with A Healthier Way of Life™, declared the availability of a new variety of GG® Scandinavian Thins, Raisins & Honey with seeds. Like all GG® brand products, the new item is made with high quality Norwegian Wheat Bran. The Raisins & Honey Scandinavian Thins provide two grams of fiber per cracker and are a delicious alternative to indulgent snacks. The new item will be accessible in select Natural Grocers late this summer.
Raisins & Honey Scandinavian Thins are made using seven simple non-GMO ingredients and contain 40 calories per serving. All of our GG® crackers are imported from Norway, where Norwegians have been perfecting the art of crafting unique Crispbreads and Thins for years.
GG® Raisins & Honey Scandinavian Thins can be found in select Natural Grocers startning in July 2015, with a suggested retail price of $2.99.
The Hain Celestial Group, Inc., together with its auxiliaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula, rice, non-dairy beverages, frozen desserts, flour and baking mixes, breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, and greek-style yogurt, in addition to infant, toddler, and kids foods.
Prologis Inc (NYSE:PLD), ended its Wednesday’s trading session with -0.46% loss, and closed at $38.62.
Prologis, Inc. (PLD), has finally accomplished the acquisition of KTR Capital Partners’ (KTR) real estate assets and operating platform in addition to its associates for $5.9 billion. The buyout is predictable to provide a strong boost to the company’s position in the U.S. target markets. Following the acquisition, the company has also raised its core funds from operations (“FFO”) outlook for 2015.
Prologis’ share of the accomplished purchase was valued at around $3.2 billion. That comprised of $2.6 billion in cash, $400 million in secured mortgage debt assumption and issuance of $202 million in common limited partnership units in Prologis, L.P.
The acquisition took place through Prologis U.S. Logistics Venture (“USLV”) in a 55–45 merged joint venture with Norges Bank Investment Administration (NBIM), which is the manager of the Norwegian Government Pension Fund Global. The deal brought around 60 million square feet of operating portfolio to Prologis. It also comprised of 3.6 million square feet of development-in-progress space in addition to a well-located land bank that offers a build-out potential of 6.7 million square feet.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
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