Latest Financial economics Stories

WALTHAM, Mass., May 16, 2013 /PRNewswire/ -- Alere Inc. (NYSE: ALR), a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, has declared a cash dividend of $3.00 per share on its Series B Convertible Perpetual Preferred Stock (NYSE: ALR.PR.B). The dividend is payable on July 15, 2013 to holders of record of Series B stock at the close of business on July 1, 2013. Such payment will cover the...

ATLANTA, May 16, 2013 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) announced today that it has issued to Ronald W. Fleming, who commenced serving as AdCare's Chief Financial Officer on May 15, 2013, a ten-year warrant to purchase 70,000 shares of AdCare's common stock with an exercise price of $5.90 per share. One-third of the shares underlying the warrant shall vest ratably on each of May 15, 2014, May 15, 2015 and May 15, 2016. The vesting of...

NEW YORK, May 16, 2013 /PRNewswire/ -- Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today announced the pricing of its offering of US$500 million of 0.875% notes due 2016 and US$350 million of 4.50% notes due 2043. The offering is expected to close on May 23, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering for general corporate purposes, including...

NEW YORK, May 16, 2013 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC), together with its wholly owned direct finance subsidiary, Omnicom Capital Inc., today announced that they have issued a notice of redemption for any and all of their $84,000 aggregate principal amount of outstanding Zero Coupon Zero Yield Convertible Notes due 2033 (CUSIP No. 681919 AR7) and $406,622,000 aggregate principal amount of outstanding Zero Coupon Zero Yield Convertible Notes due 2038 (CUSIP Nos. 681919...

OKLAHOMA CITY, May 16, 2013 /PRNewswire/ - Equal Energy Ltd. (NYSE:EQU) (TSX:EQU.TO) is pleased to announce the appointment of Michael Doyle as Chairman. Equal thanks Dan Botterill, the previous Chairman who did not stand for re-election and two other outgoing directors also not standing for re-election, Roger Giovanetto and Peter Carpenter, for their dedicated service. At the Annual and Special Meeting of Shareholders, held on May 13, 2013, all seven director nominees were...

TORONTO, May 16, 2013 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM & TSX: AEM) ("Agnico Eagle") and Urastar Gold Corp. (TSX-V: URS, FSE: 3U3 & OTCQX: URNRF) ("Urastar") jointly announce the completion of the acquisition of Urastar by Agnico Eagle.  Agnico Eagle acquired all of the issued and outstanding common shares of Urastar (the "Common Shares") pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the...

NEW YORK, May 16, 2013 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that the Company has amended its revolving credit facility with GE Capital, Corporate Finance, acting as agent for a syndicate of lenders. The amended credit facility provides for, among other things, an increase in the line of credit by $50 million to $250 million, a reduction of 25 basis points in the applicable margins...

DARTMOUTH, N.S, May 16, 2013 /CNW/ - Newfoundland Capital Corporation Limited announced today that the Company has filed a notice with the Toronto Stock Exchange to purchase through the facilities of the Toronto Stock Exchange for cancellation up to 1,272,093 of the 25,441,871 issued and outstanding Class A Subordinate Voting Shares being 5% of the issued and outstanding shares of that class as of April 30, 2013 and up to 75,404 of the 3,770,222 issued and outstanding Class B...

Policyholders Can Expedite Their Insurance Claim Appraisals and Get Back on the Road Sooner SAN FRANCISCO, May 16, 2013 /PRNewswire/ -- Esurance, the direct-to-consumer personal car insurance company, will soon offer a new feature in the Esurance mobile app that could help customers settle claims quickly and conveniently. (Logo: http://photos.prnewswire.com/prnh/20111222/SF26836LOGO-b) This feature can eliminate the need for an in-person visit from an Esurance claims appraiser,...

IRVINE, Calif., May 16, 2013 /PRNewswire/ -- Western Digital(®) Corp. (NASDAQ: WDC) today announced that the Board of Directors declared a cash dividend for the quarter ending June 28, 2013, of $0.25 per share of common stock (the "Cash Dividend"). The cash dividend will be paid on July 15, 2013, to the company's stockholders of record as of June 28, 2013. The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon...