On Tuesday, Tronox Ltd (NYSE:TROX)’s shares inclined 2.94% to $4.20.
Tronox Limited (TROX) declared off-list price enhances for S-Carb®, purified sodium sesquicarbonate, and feed grade sodium bicarbonate products. Effective right away, or as contract terms permit, pricing will enhance as follows:
These price enhances are necessary to recover higher costs of manufacturing and increasing regulatory requirements.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment. The Mineral Sands segment engages in the exploration, mining, and beneficiation of mineral sands deposits. This segment produces titanium feedstock, counting chloride slag, ilmenite, leucoxene, titanium slag, slag fines, synthetic rutile, and rutile, in addition to staurolite, activated carbon, zircon, and pig iron.
DISH Network Corp (NASDAQ:DISH)’s shares dropped -0.25% to $56.36.
DISH Network L.L.C., a wholly-owned partner of DISH Network Corporation (DISH), issued the following statement in reaction to TEGNA Inc.’s threat to block DISH customers’ access to 51 local channels in 39 markets nationwide.
DISH and TEGNA have been making steady progress in their recent negotiations, and DISH was hopeful that a mutual agreement would be reached to renew carriage of the TEGNA local stations in due course.
“DISH has successfully negotiated agreements representing hundreds of stations in recent months that benefit all parties, counting our viewers,” said Schlichting. “We are unsure why TEGNA decided to involve customers in the contract negotiation process at a point when there is still time for the two parties to reach a mutually beneficial deal.”
DISH Network Corporation, through its auxiliaries, provides pay TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand.
At the end of Tuesday’s trade, Tuesday Morning Corporation (NASDAQ:TUES)‘s shares dipped -18.75% to $5.33.
Tuesday Morning Corporation (TUES), a leading off-price retailer with over 750 stores across the United States specializing in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts, recently declared that Michael Rouleau is retiring as Chief Executive Officer and a member of the Company’s Board of Directors, effective right away. Mr. Rouleau will remain with Tuesday Morning in a consultative capacity until March 31, 2016 to assist ensure a smooth transition.
Tuesday Morning has created a new Office of the Chairman, led by current Board Chairman Steven R. Becker, to support oversight of the Company’s planned initiatives until a new CEO is designated, in addition to added a new lead independent director role which will be held by current Board member Terry Burman. The Office of the Chairman will also comprise Mr. Burman as Vice Chairman, Melissa Phillips in her capacity as President and Chief Operating Officer, and Phil Hixon, who presently serves as Executive Vice President, Store Operations. The Board has also created a Search Committee and retained Herbert Mines Associates, a leading, retail executive search firm to identify and evaluate both internal and external CEO candidates.
Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and gifts in the United States. The company offers various products, such as home décor, furniture, bed and bath, kitchen, toys, crafts, pets, and seasonal goods.
Health Care REIT, Inc. (NYSE:HCN), ended its Tuesday’s trading session with 1.86% gain, and closed at $67.34.
Canada Pension Plan Investment Board (CPPIB) and Health Care REIT, Inc. (HCN) (HCN) declared that they have formed a 45%/55% joint venture to hold a portfolio of medical office buildings in Southern California. The joint venture will initially own a 50.5% interest in the portfolio and the seller, who contributed the portfolio in exchange for a mix of operating partnership units and cash, will retain a 49.5% ownership stake. It is predictable that the joint venture’s stake will enhance to 100% if/when the seller converts their operating partnership units into HCN stock or cash. The entire portfolio is valued at US$449 million.
The portfolio comprises eight medical office buildings totalling 437,875 square feet, with the majority of assets located within the Golden Triangle district of Beverly Hills, California, a premier medical office market with attractive supply and demand characteristics. The remainder of the portfolio’s assets are located in the San Diego and Los Angeles markets.
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets.
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