Latest Derivatives Stories

CHARLOTTE, N.C., June 25, 2012 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH) today announced that it has commenced an exchange offer to purchase for cash and shares of its Class A common Stock all of its outstanding 5.0% Convertible Senior Notes due 2029 (CUSIP No. 83545GAQ5) (the "Notes"). The exchange offer (the "Offer") is being made upon the terms and subject to the conditions set forth in the company's Preliminary Prospectus, dated June 25, 2012, and the related Letter of...

TEMPE, Ariz., June 21, 2012 /PRNewswire/ -- Calibrus, Inc. (OTC Bulletin Board: CALB), which specializes in social media, mobile applications and hosted business solutions, announced today that it entered into an asset purchase agreement (the "Agreement") with Calibrus Hosted Business Solutions, LLC, a newly formed Arizona limited liability company (the "Buyer"), on June 15, 2012. Under the Agreement, the Buyer will purchase substantially all of the assets of the Company's hosted...

HOUSTON, June 21, 2012 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) (Harvest or the Company) today announced that its wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million...

NEW YORK, June 21, 2012 /PRNewswire/ -- OTC Markets Group (OTCQX: OTCM), the leading source of market data for nearly 10,000 OTC equity securities, announced today that Liquidnet, the global institutional trading network, is now offering OTC Markets' Level 1+ real-time data as it expands into providing equity trading services in OTCQX and OTCQB securities to its Members. (Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO) "This important step will make accessing...

DUBAI, UAE, June 21, 2012 /PRNewswire/ -- DME (Dubai Mercantile Exchange) the Middle East's leading energy futures exchange and home to the emerging benchmark for crude oil pricing for the East of Suez markets, has today announced the appointment of former BNP Paribas Head of Marketing for Commodity Futures APAC, Christopher Fix, as Chief Executive Officer. Christopher joins the Exchange after more than 20 years in the international commodity markets, having worked with...

NEW YORK, June 20, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities, today announced that Balfour Beatty Plc (OTCQX: BAFYY; LSE: BBY), a UK-based integrated infrastructure services group, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®. (Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO ) Balfour Beatty...

LONDON, June 20, 2012 /PRNewswire/ -- Figures show that the average annual profit of the top 20 female traders with City Index [http://www.cityindex.co.uk/spread-betting-tips/rise-of-the-female-traders-with-city-index.aspx ] is GBP271,225. We ask, who are they and how do they do it? 1000%+ Rise in Female Traders in 10 Years Since 2001, the number of female traders opening an account with City Index has risen by 1434%; with the number of trades being placed...

LONDON, June 20, 2012 /PRNewswire/ -- UK markets received an unexpected boost on Tuesday, with the FTSE 100 closing the day at a one-month high of 5589.16 after government data revealed that UK inflation dropped unexpectedly to 2.8% in May, inching closer towards the government's 2% target and fuelling speculation of another QE announcement by the Bank of England as early as next month. The fall in inflation goes some way towards easing the pressure off the Bank of...

CHICAGO, June 19, 2012 /PRNewswire/ -- Eris Exchange, a US-based futures exchange, today announced that ION Trading, a provider of electronic trading, pricing and risk management systems across asset classes, will introduce a new gateway providing connectivity to Eris Exchange in July. The gateway will allow ION's existing clientele of prominent swap dealer banks and leading niche financial specialists to use familiar tools to stream quotes for Eris Exchange Interest Rate Swap...

CLEVELAND, June 18, 2012 /PRNewswire/ -- Aleris today announced that it has named Kerry Groves vice president, Sales, of its Rolled Products North America (RPNA) segment. In this role, Groves is responsible for inside and outside sales activity, supporting customers in building and construction, distribution, transportation, light gauge and original equipment manufacturing. "Kerry has had a long, achievement-oriented career at Aleris," said Stephen Stone, Aleris RPNA senior vice...