J.C. Penney Company, Inc. (NYSE: JCP) decreased 2.43% to $18.87. The Company filed a lawsuit asking a Delaware judge to declare that it is not in a default of its bond agreements, protecting nearly $3 billion of debt from being due in the coming months. The lawsuit was filed after J.C. Penney received a letter earlier on from the Brown Rudnick law, firm which said the retailer had breached a covenant of a bond indenture agreement by granting a lien on its inventory.
NYSE Euronext (NYSE: NYX) slipped 0.17% to $34.81. The Company released fourth quarter results. Total revenues decreased 11% to $562 million in the fourth quarter of 2012. The net income was $28 million or $0.12 per diluted share compared to net income of $110 million or $0.43 per diluted share in the fourth quarter of 2011. The Board of Directors declared a cash dividend of $0.30 per share for the first quarter of 2013. The first quarter 2013 dividend is payable on March 28, 2013 to shareholders of record as of the close of business on March 14, 2013.
Mastercard Inc. (NYSE :MA) went up 1.12% to $519.98 on a traded volume of 10k shares. The Company is doubling its quarterly dividend to 60 cents per share. The increased quarterly dividend will be paid on May 9 to shareholders of record on April 9.
In addition, the board approved the repurchase of up to $2 billion of its common stock. The new buyback will become effective once it completes its $1.5 billion repurchase program. MasterCard had about $440 million remaining under that repurchase program as of January 25.
Diamond Offshore Drilling, Inc. (NYSE: DO) declined 3.82% to $73.52. The Company announced fourth quarter results. The net income for the fourth quarter of 2012 was $156 million or $1.12 per share compared to net income of $188 million or $1.36 per share in the prior year period. Revenues in the fourth quarter of 2012 were $751 million compared to revenues of $748 million in the prior year quarter.
Groupon Inc. (NASDAQ: GRPN) is up 0.86% to $5.28. Milberg LLP announced that a class action has been filed in the United States District Court for the Northern District of Illinois on behalf of purchasers of Groupon, Inc. stock between May 14, 2012 and November 8, 2012. The lawsuit alleges Groupon and certain of its officers and directors violated the Securities Exchange Act of 1934.
Csrnewsdaily.com has a finger on the pulse of many sectors including renewable energy, oil, pharma, mining, finance, and healthcare. Our in depth research and analysis of NASDAQ, OTCBB, Pink Sheets, and NYSE has yielded considerable gains for our subscribers.
Our to-the-minute reports and alerts coupled with breaking news, analysis, investment strategies, and FREE subscription email services contribute to our role as one of the leading investor relations marketing firms.
The assembled information disseminated by Csrnewsdaily.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Csrnewsdaily.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Pacific Dynasty Consultants Inc.
2637 E Atlantic Blvd #22611 Pompano Beach, FL 33062