New York (December 21st, 2012) - AirMedia Group Inc (ADR) (NASDAQ: AMCN) 1.99 +0.03 (1.53%). In Nov AMCN announced third quarter 2012 financial results -Total revenues increased by 4.3% year-over-year to US$73.1 million. Net loss attributable to AirMedia's shareholders was US$27.3 million. Basic and diluted net loss attributable to AirMedia's shareholders per American Depositary Share ("ADS") were both US$0.44. Airmedia Group Inc., is a holding company, which conducts operations through its subsidiaries, consolidated variable interest entities and the variable interest entities subsidiaries in China. It operates the digital media network in China focused on air travel advertising. The Company operates digital frames and digital television screens in airports in China.
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Ampal-American Israel Corporation (NASDAQ: AMPL) 3.60 +1.47 (69.01%) On 30th Aug 2012, Ampal-American Israel Corp., AMPL which invests in Israeli energy companies and other businesses, filed for bankruptcy protection after turmoil in Egypt hampered the company's revenue stream, forcing Ampal to skip payments on some of its $298 million in debt.
Ampal-American Israel Corp. acquires interests in businesses located in the State of Israel or that are Israel-related. Ampal-American Israel Corporation (Ampal) primarily acquires interests in businesses located in the State of Israel or that are Israel-related. It operates in five segments: chemical, energy, real estate rental, leisure-time and finance. The chemical segment consists of the investment in Gadot Chemical Tankers and Terminals Ltd. (Gadot), which operates in distribution and marketing of liquid chemicals for raw materials used in the chemical industry. r
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