Oi SA (ADR) (NYSE:OIBR) is approaching towards the completion of its merger with Portugal Telecom, SGPS (ADR) (NYSE:PT). At this point, the disappointing news is that the company has reported a drop in its revenue. It is the second consecutive quarter where the Oi SA has reported declines in its revenue. Oi SA (ADR) (NYSE:OIBR)…
Office Depot Inc (NYSE:ODP) is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated. Office Depot Inc (NYSE:ODP) expects to close 150 stores this year, mostly in the fourth quarter. All of the store closures are anticipated to occur by…
Oi SA (ADR) (NYSE:OIBR)’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA. Brazil’s biggest phone carrier priced preferred shares at 2 reais…
U.S.-listed shares of National Bank of Greece (ADR) (NYSE:NBG) slumped 15%. The bank is expected to decide soon on whether it will recapitalize via offering equity, according to media reports. It may need to raise as much as 2.1 billion euros ($2.9 billion), Bloomberg News said. National Bank of Greece (ADR) (NYSE:NBG) stock performance was…
In November 2012, SandRidge Energy Inc. (NYSE:SD) cut its reserve predictions to the equivalent of 422,000 barrels per well from 456,000 barrels. Five months later, the estimate was cut again, to 369,000 barrels, company records show. SandRidge Energy Inc. (NYSE:SD) has since made a small adjustment upward to 380,000 barrels. SandRidge Energy Inc. (NYSE:SD) stock…
Shares of MannKind Corp. (NASDAQ:MNKD) fall as much as 27.105% prior to Tuesday’s Endocrinologic and Metabolic Drugs Advisory Committee Meeting. MannKind Corporation (NASDAQ:MNKD) stock performance was -16.77% in last session and finished the day at $4.02. Traded volume was 30,207,668 million shares in the last session and the average volume of the stock remained 7.92…
