J.C. Penney (JCP) Comments on Burberry Lawsuit Feb 12, 2016 04:48PM

J. C. Penney Company, Inc. (NYSE: JCP) and one of its suppliers, The Levy Group, LLC, were sued by Burberry Limited for alleged trademark violation. J. C. Penney Company, Inc. is fully indemnified by the supplier, and therefore any damages awarded in the case will be fully covered by the supplier. The lawsuit will have no financial impact on the Company.

While no assurance can be given as to the ultimate outcome of the lawsuit, the Company believes the final resolution... (continue reading...)


Lear Corp. (LEA) Raises Quarterly Dividend 20% to $0.30; Approves $1B Buyback Feb 12, 2016 04:07PM

Lear Corp. (NYSE: LEA) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 20% increase from the prior dividend of $0.25.

The dividend will be payable on March 23, 2016, to stockholders of record on March 2, 2016, with an ex-dividend date of February 29, 2016.

The annual yield on the dividend is 1.2 percent.

Lear also today announced that its Board of Directors has authorized an increase in the Company's share repurchase authorization to $1... (continue reading...)


Google says will not participate in 2016 U.S. airwaves auction Feb 12, 2016 03:04PM

By Deborah M. Todd and Malathi Nayak

NEW YORK/SAN FRANCISCO (Reuters) - Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves that can help the wireless industry improve coverage, a spokeswoman told Reuters on Friday.

Some industry watchers had expected Internet search giant Google to be a dark horse participant in the auction. In April last year, the company... (continue reading...)


US Energy (USEG) Announces Sale of Mt. Emmons Mine Site (FCX) Feb 12, 2016 12:04PM

U.S. Energy Corp. (Nasdaq: USEG) entered into an Acquisition Agreement with Mt. Emmons Mining Company (MEM), a subsidiary of Freeport-McMoRan Inc., whereby MEM acquired the Company’s Mt. Emmons mine site located in Gunnison County, Colorado, including the Keystone Mine, a related water treatment plant and other related properties. Under the Acquisition Agreement, MEM will replace the Company as the owner and permittee of the water treatment plant, the associated... (continue reading...)


American CareSource (GNOW) Announces Receipt of Positive NASDAQ Listing Determination Feb 12, 2016 11:04AM

American CareSource Holdings, Inc. (NASDAQ: GNOW), an urgent and primary care company operating under the name GoNow Doctors (the “Company”), announces that the Nasdaq Hearings Panel (the “Panel”) granted the Company’s request for an extension until May 16, 2016 to evidence compliance with the $2.5 million stockholders’ equity requirement. The Company’s continued listing on Nasdaq during the extension period is subject to the Company’s timely... (continue reading...)


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