STMicroelectronics N.V. (ADR) (NYSE: STM) shares declined 4.41% to $8.68. The company, on Jan. 30, announced that for first quarter of 2013, it expects revenues to decrease sequentially in the range of about -7%, plus or minus 3.5 percentage points. The Company reported revenue of $587 million for fourth quarter of 2012. Analysts were expecting the Company to report revenue of $611 million for first quarter of 2013.
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ArcelorMittal (ADR) (NYSE: MT) shares dropped 3.89% to $16.79 in the early hour. On Jan. 29, Dow Jones reported that ArcelorMittal SA’s workers in Belgium clashed with police during a protest against the closure of another part of the Company's steel plant in Liege. Ten policemen were injured after confronting about 1,500 protesters demonstrating in front of regional government offices in the Namur, the capital of the Wallonian province where Liege is located. The protesters threw stones and other items at the police who retaliated by using water canons, The demonstrators were calling on the Wallonian government to prevent the partial closure of the plant which has put 1,300 jobs at risk.
New York Mortgage Trust, Inc. (NASDAQ: NYMT) shares declined 2.54% to $6.91. The company, on Feb. 1, announced tax treatment for dividends declared in 2012 on the Company's common stock. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of dividends on the Company's common stock.
Rite Aid Corporation (NYSE: RAD) stock fell 3.53% to $1.64 after the company, on Feb. 1, announced that it has commenced a series of debt refinancing transactions that would extend the maturity of a portion of Rite Aid's outstanding indebtedness and lower interest expense.
Additionally, the company, on Jan. 31, announced that Yong Choe, a government affairs professional with extensive knowledge of health care and the retail pharmacy industry, has joined Rite Aid as Vice President of Federal Affairs and Public Policy.
Pitney Bowes Inc. (NYSE: PBI) stock decreased 3.55% to $13.33. On Jan. 31, The Board of Directors of Pitney Bowes declared a quarterly cash dividend on the company's common stock of 37.5 cents per share, payable March 12, 2013, to stockholders of record on February 15, 2013.
Additionally, the company, on Jan. 31, said it earned $110.3 million, or 55 cents per share, for the last three months of 2012, down 57 percent from $257.5 million, or $1.28 per share, in the same period a year earlier. Its adjusted earnings were 56 cents per share in the latest quarter. Analysts surveyed by FactSet expected earnings of 51 cents per share. Revenue fell 1 percent to $1.29 billion from $1.31 billion. Analysts expected $1.28 billion.
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