Quantcast
Channel: DailyFinance.com
Viewing all 9760 articles
Browse latest View live

Pentagon Announces $263 Million in New Contracts Thursday

$
0
0

Filed under:

The U.S. Department of Defense awarded 11 new contracts Thursday, worth just under $263 million in aggregate. Among the publicly traded companies winning contract work:

  • Exelis won a firm-fixed-price, sole-source contract to supply the U.S. Air Force with "spare parts for core memory units," in a deal valued at up to $7.9 million.
  • Rolls-Royce was awarded $22.4 million to perform maintenance work on KC-130J aircraft propulsion systems for the Navy.
  • Siemens' Medical Solutions USA subsidiary won a $28.2 million "first option period" exercise following a two-year base contract in which the U.S. Defense Logistics Agency hired it to do work on a digital imaging network-picture archive communication system. 
  • And Raytheon Missile Systems was awarded a sole-source, cost-plus-fixed-fee contract "action" worth $57.2 million to work on upgrades and provide engineering support on Standard Missile-3 Block IIA. DoD notes that the total value of the underlying SM-3 IIA contract is now just shy of $1.6 billion.

The article Pentagon Announces $263 Million in New Contracts Thursday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments


Congress Asked to Approve $250 Million Arms Sale to Greece

$
0
0

Filed under:

The Defense Security Cooperation Agency notified Congress [link opens in PDF] Thursday of plans to sell the Greek military $250 million worth of spare parts for use in repairing and maintaining United Technologies F100-PW-229 engines. The parts to be sold include inlet/fan modules, core engine modules, rear compressor drive turbines, fan drive turbine modules, augmentor duct and nozzle modules, and gearbox modules. The sale will include support equipment, publications, and technical documentation necessary to make use of them.

DSCA explains that the spare parts are needed to "ensure the Hellenic Air Force sustains its aircraft fleet" of Lockheed Martin F-16 fighter jets "at the highest state of readiness to face any potential threats." In this way, the sale "will contribute to the foreign policy and national security of the United States by helping to improve the security of a NATO ally."

DSCA added that "there will be no adverse impact on U.S. defense readiness as a result of this proposed sale."

The article Congress Asked to Approve $250 Million Arms Sale to Greece originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

McGraw Hill Financial CEO Stepping Down

$
0
0

Filed under:

McGraw Hill Financial is to welcome a new president and chief executive in a few months. The company announced that Terry McGraw III will no longer occupy the two positions as of November 1, although he will continue to serve as its board chairman.

His replacement is Douglas Peterson, a long-serving executive, who is currently president of one of the firm's key units, Standard & Poor's Ratings Services. Prior to his time at the company, Peterson worked at Citigroup in a number of domestic and international executive positions. He rose through the ranks to eventually become COO of Citibank.

According to an SEC filing made by McGraw Hill Financial, effective immediately, Peterson is to receive an annual base salary of $900,000, and an "annual target bonus opportunity" of $800,000 for this year. He will also be eligible for a longer-term bonus of $4 million.

The article McGraw Hill Financial CEO Stepping Down originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Is Noodles & Company the Next Chipotle or the Next Qdoba?

$
0
0

Filed under:

Noodles & Company looks like the newest Wall Street darling. Shares of the fast casual concept jumped from the $18 IPO price two weeks ago all the way up to $51, before settling in the $40 range it trades in today. Among the more flattering comparisons the pasta chain has received is that it's the "next Chipotle ," the burrito chain whose shares are up about 800% since its 2006 IPO.

On the surface, there are several similarities between the two restaurateurs: both started in Denver, Noodles CEO Kevin Reddy used to work at Chipotle, and both employ a similar concept -- starting with a base product that's easily customizable: burritos for Chipotle, pasta for Noodles. Despite the fact that Chipotle is much bigger, both companies are nearly the same age: Chipotle was founded in 1993, and Noodles in 1995. A closer look at the numbers, however, reveals that this comparison is a bit facile, as Noodles just isn't packing the same punch as Chipotle.

Average unit volume
For example, Noodles severely lags Chipotle in sales per restaurant, one of the more overlooked metrics in the industry. In 2012, Noodles had an average unit volume of $1.178 million in 2012, compared to $2.07 million for Chipotle in 2012. In 2006, the year Chipotle had its IPO, average unit volume was $1.53 million, and has grown through an impressive track record of comparable sales.


Comparable Sales
From 2004-2006, same-store sales increased by an average of 12.4%, a sure sign of a brand on fire. By comparison, Noodles & Company averaged a same-store sales increase of just 4.2% in the last three years, indicating that, despite a smaller store count and more capacity, the brand just doesn't seem to have the draw of Chipotle.

Profit margins
Ultimately, sales only matter if the dollars are hitting the bottom line. Here, Chipotle's ahead, as well. At Noodles, last year's net margin was just 1.7%, while Chipotle's in 2006 was 5%. Restaurant level operating margins, perhaps a better long-term indicator of success, were 27.1% at Chipotle last year, having grown steadily for much of the last 10 years. Operating margins at Noodles, on the other hand, have held near 20.5% over the last three years, actually falling slightly during that time.

Noodles and burritos
The real appeal of Noodles and Company seems to come from its ambitious expansion plan. In its S-1 filing, management says it believes the company's store count can grow from 339 stores today to 2,500 in 15-20 years. There's no question that management can continue opening stores, but the company needs to be able to maintain enough appeal to make the expansion profitable. Jack in the Box , by comparison, has over 2,500 restaurants nationwide, including 600 Qdoba Mexican Grills, yet its market cap sits at just $1.8 billion, a similar valuation to the much smaller Noodles. Notably, Qdoba was once hailed as the successor to Chipotle, but its parent company recently announced it would close 67 underperforming locations of the burrito chain because of declining same-store sales.

Noodles may not be the next Qdoba, but it won't the next Chipotle either, and shareholders need to be wary of the cannibalization that could result from overexpansion. Investors should wait to see some improvement in the above categories before pushing Noodles' share price above its already bloated level.

Noodles and Company may not be the growth stock you're looking for, but lucky for you, Motley Fool co-founder David Gardner, creator of the No. 1 growth stock newsletter in the world (Hulbert Financial), has developed a unique strategy for uncovering truly wealth-changing stock picks. And he wants to share it, along with a few of his favorite growth stock superstars, WITH YOU! It's a special 100% FREE report called "6 Picks for Ultimate Growth." Get it now. Just click right HERE.

 

The article Is Noodles & Company the Next Chipotle or the Next Qdoba? originally appeared on Fool.com.

Fool contributor Jeremy Bowman owns shares of Chipotle Mexican Grill. The Motley Fool recommends Chipotle Mexican Grill. The Motley Fool owns shares of Chipotle Mexican Grill. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

How GM's Profits Could Go Up

$
0
0

Filed under:

General Motors is still one of the world's biggest automakers -- but lately, its profits have been far behind those of rivals. GM outsold every automaker but Toyota last year -- but Volkswagen and Ford , among others, earned more money.

What's the problem with GM? In this video, Fool.com contributor John Rosevear explains why GM's profits have lagged. He also points out what GM needs to change in order to close the gap -- and looks at whether those changes are likely to happen.

General Motors leads China's auto market -- but is GM the stock to buy to play the China auto boom? A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two other global giants that could be poised to reap even bigger gains as China's auto market shifts into high gear. This report is free to Fool readers -- you can click here now for instant access.


The article How GM's Profits Could Go Up originally appeared on Fool.com.

Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Assisted Living Concepts Announces Completion of Acquisition by TPG

$
0
0

Filed under:

Assisted Living Concepts Announces Completion of Acquisition by TPG

Company Names Jack R. Callison, Jr., as CEO

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Assisted Living Concepts, Inc. (NYS: ALC) , an operator of assisted living residences, today announced the completion of its acquisition by TPG, the global private investment firm.


ALC stockholders voted to approve the acquisition on May 16, 2013. Under the terms of the merger agreement, ALC stockholders are receiving $12.00 in cash for each share of Class A common stock. In accordance with the ALC charter, based on the Class A per share merger consideration, holders of ALC's Class B common stock are receiving $12.90 in cash per share. As a result of the transaction, ALC's stock will no longer be listed for trading on the New York Stock Exchange.

Callison Named CEO

In addition, the company announced the appointment of its new Chief Executive Officer, Jack R. Callison, Jr. Mr. Callison succeeds ALC's Interim Chief Executive Officer, Dr. Chip Roadman, who is retiring. Mr. Callison has almost 20 years of combined experience in the senior housing and multifamily industries, in both the public and private sector. He has served as Chief Executive Officer and President of several large residential organizations, including Holiday Retirement Corp. and Archstone. Mr. Callison's appointment is effective immediately.

"I am excited to be partnering with TPG and to have the opportunity to lead ALC going forward," said Mr. Callison. "ALC is one of the country's leading assisted living providers, and I look forward to working in partnership with our employees across the country to make our organization the most trusted provider of assisted living in America."

"We are excited to have Jack lead the company," said Avi Banyasz, TPG partner. "TPG believes ALC is poised to become the housing provider of choice when seniors and their families are looking for high quality assisted living care."

About ALC

Assisted Living Concepts, Inc. and its subsidiaries operate more than 200 assisted living residences comprising more than 9,000 resident units in 19 states. ALC's assisted living residences typically consist of 40 to 60 units and offer a supportive, home-like setting where a premium is placed on quality of care and the relationships between residents, their loved ones and our staff. ALC employs more than 4,500 people.

About TPG

TPG is a leading global private investment firm founded in 1992 with $56.7 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, São Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm's investments span a variety of industries including real estate, healthcare, financial services, travel and entertainment, technology, energy, industrials, media and communications, retail and consumer. For more information, visit www.tpg.com.

Safe Harbor Statement

Statements about the effects of the acquisition and all other statements made herein that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "continuing", "believe" or "project", or the negative of those words or other comparable words. Any forward-looking statements included herein are made as of the date hereof only, based on information available to ALC as of the date hereof, and, subject to any applicable law to the contrary, ALC undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are not a guarantee of future performance and are subject to a number of risks, assumptions and uncertainties that could cause ALC's actual results to differ from those projected in such forward-looking statements. Such risks and uncertainties include the risks that are described from time to time in ALC's reports filed with the SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2012, filed with the SEC on March 14, 2013, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and in other of ALC's filings with the SEC; and general industry and economic conditions.



Assisted Living Concepts:
Audrey Waters Cooling, 571-243-1188
media@alcco.com
or
TPG:
Lisa Baker, 914-725-5949
lisa@blicksilverpr.com
or
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com

KEYWORDS:   United States  North America  Wisconsin

INDUSTRY KEYWORDS:

The article Assisted Living Concepts Announces Completion of Acquisition by TPG originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Helen of Troy's Gerald J. Rubin to Present at the Consumer Analyst Group of New York (CAGNY) Luncheo

$
0
0

Filed under:

Helen of Troy's Gerald J. Rubin to Present at the Consumer Analyst Group of New York (CAGNY) Luncheon

EL PASO, Texas--(BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ, NM: HELE) designer, developer and worldwide marketer of brand-name houseware, healthcare/home environment and personal care consumer products, today announced that Gerald J. Rubin, Chairman, Chief Executive Officer and President, will present at the Consumer Analyst Group of New York (CAGNY) luncheon, held at Maloney & Porcelli in New York, NY on Wednesday, July 17, 2013 at 12:00 p.m. Eastern Daylight Time.


About Helen of Troy Limited: Helen of Troy Limited is a leading global consumer products company offering creative solutions for its customers through a strong portfolio of well-recognized and widely-trusted brands, including: Housewares: OXO®, Good Grips®, Soft Works®, OXO tot® and OXO Steel®; Healthcare/Home Environment: Vicks®, Braun®, Honeywell®, PUR®, Febreze®, Stinger®, Duracraft® and SoftHeat®; and Personal Care: Revlon®, Vidal Sassoon®, Dr. Scholl's®, Pro Beauty Tools®, Sure®, Pert®, Infusium23®, Brut®, Ammens®, Hot Tools®, Bed Head®, Karina®, Ogilvie® and Gold 'N Hot®. The Honeywell® trademark is used under license from Honeywell International Inc. The Vicks®, Braun®, Febreze® and Vidal Sassoon® trademarks are used under license from The Procter & Gamble Company. The Revlon® trademark is used under license from Revlon Consumer Products Corporation. The Bed Head® trademark is used under license from Unilever PLC. The Dr. Scholl's® trademark is used under license from MSD Consumer Care, Inc.

For in-depth information about Helen of Troy, please visit www.hotus.com .



Company Contact:
Helen of Troy Limited
John Boomer, Senior Vice President, (915) 225-8050
or
Investor Contact:
ICR, Inc.
Allison Malkin / Anne Rakunas
(203) 682-8200 / (310) 954-1113

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Helen of Troy's Gerald J. Rubin to Present at the Consumer Analyst Group of New York (CAGNY) Luncheon originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Brain & Behavior Research Foundation to Honor Seven Young Mental Health Researchers

$
0
0

Filed under:

Brain & Behavior Research Foundation to Honor Seven Young Mental Health Researchers

Online Briefing for Media on Cutting-Edge Research by the Honorees, July 23, 2013, 1-2 p.m.

Klerman & Freedman Prizes Recognize Exceptional Research by Foundation NARSAD Young Investigator Grantees


NEW YORK & GREAT NECK, N.Y.--(BUSINESS WIRE)-- Seven young scientists will be recognized by the Brain & Behavior Research Foundation at its presentation of the Annual Klerman and Freedman Prizes on Friday July 26, 2013 at Le Parker Meriden Hotel, New York, NY. These prizes pay tribute to Drs. Gerald L. Klerman and Daniel X. Freedman, whose legacies as researchers, teachers, physicians and administrators have indelibly influenced neuropsychiatry. As a prelude to the Awards, the researchers will participate in an online (login or phone in) briefing and Q&A for the media hosted by Foundation Pres. & CEO Jeffrey Borenstein, M.D., on Tuesday, July 23, 2013 from 1-2 p.m. The briefing will provide highlights from the honorees' body of research and preview their cutting-edge preliminary findings prior to publication, including some from studies supported in part by Brain & Behavior Research Foundation NARSAD Grants. Media can RSVP for the briefing by emailing scorbett@bbrfoundation.org for participant instructions.

Prizewinners were selected by committees of the Foundation Scientific Council, a volunteer group of 138 distinguished scientists across brain and behavior research disciplines. Herbert Pardes, M.D., Council President said, "These Brain & Behavior Research Foundation NARSAD Young Investigator Grantees selected as prizewinners stand out in the field for remarkable innovation in their contributions to mental health research. Their exceptional work builds on current knowledge, offering great promise in our quest to find solutions for the mental illnesses that continue to create so much suffering."

2013 Klerman Prizewinner for Exceptional Clinical Research

The Klerman Prize was established in 1994 by Myrna Weissman, Ph.D., in memory of her late husband, Gerald Klerman, M.D.

James McPartland, Ph.D., Assistant Professor of Child Psychiatry and Psychology and Director of the Developmental Disabilities Clinic, Yale University, will be honored as the 2013 Klerman Prizewinner for his discovery of a novel electrophysiological "marker" of eye contact that predicts social ability in children and is disrupted in children with autism spectrum disorder (ASD)—findings made through research initiated with his 2009 NARSAD Young Investigator Grant. The new marker may enable early intervention techniques in very young children to slow or possibly prevent progression of ASD.

Freedman Prizewinner for Exceptional Basic Research

The Freedman Prize was established in 1998 in honor of the late Daniel X. Freedman, M.D., a founding member of the Foundation Scientific Council.

Garret D. Stuber, Ph.D., Assistant Professor, Psychiatry, Cell Biology and Physiology, University of North Carolina School of Medicine, will be honored as the 2013 Freedman Prizewinnerfor his research to dissect the role of dopamine and non-dopamine neurons in the midbrain. Dopamine is a neurotransmitter involved in the transmission of messages between nerve cells, and midbrain dopamine neurons have been thought to play a major role in regulating behavioral responses in addiction, anxiety, depression and other neuropsychiatric illnesses. Dr. Stuber used his 2009 NARSAD Young Investigator Grant to learn more about the role of dopamine neurons in mediating behaviors that might lead to new treatment targets. To make their findings, Stuber's team applied a variety of cutting-edge technologies, including optogenetics (invented by Scientific Council member and 2005 NARSAD Young Investigator Grantee Karl Deisseroth, M.D., Ph.D.).

The following NARSAD Young Investigator Grantees will receive 2013 Klerman Prize Honorable Mentions.

Andrea Danese, M.D., Ph.D., Associate Professor, Institute of Psychiatry, King's College London, is being recognized for findings from research supported in part by his 2009 NARSAD Young Investigator Grant. His study showed that maltreated children are at heightened risk for treatment-resistant depression, and that inflammation contributes to the development of depression among this group. He discovered immune and metabolic abnormalities in individuals with a history of childhood maltreatment. These often overlooked abnormalities are now proving promising new targets for treatment of difficult-to-treat cases of affective and psychotic disorders.

Carmen Andreescu, Ph.D., Assistant Professor, Psychiatry, University of Pittsburgh, is being honored for identifying neural markers of treatment response in the highly-prevalent yet rarely-treated late-life generalized anxiety disorder (GAD). In her 2009 NARSAD Young Investigator Grant project, Dr. Andreescu administered the antidepressant citalopram (Celexa®) to a group of previously untreated elderly GAD patients that led to significant changes in the neural networks involved in emotion regulation.

Daniel J. Mueller, M.D., Ph.D., Associate Professor of Psychiatry and Head of the Pharmacogenetics Research Clinic at the University of Toronto's Centre for Addiction and Mental Health, is being recognized for his work to develop genetically-based algorithms in patients to optimize individual treatment plans (personalized medicine). In his 2009 NARSAD Young Investigator Grant project, Dr. Mueller and his team identified important gene variants associated with excessive weight gain induced by antipsychotic medications, which can lead to symptoms that shorten life span.

The following two NARSAD Young Investigator Grantees will receive 2013 Freedman Prize Honorable Mentions:

David J. Foster, Ph.D., Assistant Professor, Neuroscience, Johns Hopkins University School of Medicine, is being recognized for his work, and the innovative tools he developed, to study the neural basis of memory. Nerve cells of the hippocampus region in the brain play important roles in the formation of memory and their dysfunction has been linked to disorders such as schizophrenia. Dr. Foster combined advanced electrophysiological, computational and behavioral approaches in his NARSAD Grant-supported project to investigate the coordinated activity of hippocampal neurons in mouse models of mental illnesses. The tools developed by his team helped them record and examine the simultaneous activity in large groups of hippocampal neurons in normally behaving mice.

Hiroki Taniguchi, Ph.D., Research Group Leader, Max Planck Florida Institute for Neuroscience, is being recognized for research toward understanding what causes the dysfunction in the GABAergic (a neurotransmitter) system that has been implicated in schizophrenia and autism. Unraveling the development and function of different types of GABAergic neurons is critical to understanding how the normal brain works and how it loses normal functions in disease states. Taniguchi and his colleagues developed the first mouse-genetic model to identify spatial and temporal origins of GABAergic neurons called "chandelier cells," as well as strategies to study the life cycle of these cells in normal and abnormal brains.

About the Brain & Behavior Research Foundation, www.bbrfoundation.org

The Brain & Behavior Research Foundation (formerly "NARSAD," National Alliance for Research on Schizophrenia and Depression) raises funds to invest in cutting-edge research projects to understand, treat and ultimately prevent and cure mental illness. Since 1987, the Foundation has awarded nearly $300 million in NARSAD Research Grants to more than 3,300 scientists around the world. The Foundation invests 100% of donor contributions for research directly into NARSAD Research Grants.



Brain & Behavior Research Foundation
Sally Corbett, 516-829-0091
scorbett@bbrfoundation.org,
Twitter:@BBRFoundation

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Brain & Behavior Research Foundation to Honor Seven Young Mental Health Researchers originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments


Macquarie Mexican REIT Announces Second Quarter 2013 Earnings Conference Call

$
0
0

Filed under:

Macquarie Mexican REIT Announces Second Quarter 2013 Earnings Conference Call

MEXICO CITY--(BUSINESS WIRE)-- Macquarie Mexican REIT (MMREIT) (BMV: FIBRAMQ) announced today that it will host an earnings conference call and webcast presentation on Friday, July 26, 2013 at 7:30 a.m. CT / 8:30 a.m. ET. The call will follow the release of MMREIT's earnings results for the second quarter 2013.

The conference call, which will also be webcast, can be accessed online at www.macquarie.com/mmreit or by dialing toll free +1-877-303-6152. Callers from outside the United States may dial +1-678-809-1066. Please ask for the Macquarie Mexican REIT Second Quarter 2013 Earnings Call.


An audio replay will be available through July 29, 2013, by dialing +1-855-859-2056 or +1-404-537-3406 for callers outside the United States. The passcode for the replay is 16830104. A webcast archive of the conference call and a copy of MMREIT's financial information for the second quarter 2013 will also be available on MMREIT's website, www.macquarie.com/mmreit.

About Macquarie Mexican REIT

Macquarie Mexican REIT (MMREIT) (BMV: FIBRAMQ) is a real estate investment trust (fideicomiso de inversíon en bienes raices), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. MMREIT's portfolio consists of 244 industrial properties located in 21 cities across 15 Mexican states (as of March 31, 2013). MMREIT is managed by Macquarie México Real Estate Management, S.A. de C.V. which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. For additional information about MMREIT, please visit www.macquarie.com/mmreit.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 13,600 people. Assets under management total approximately $362 billion at March 31, 2013.

Macquarie Infrastructure and Real Assets, a division of Macquarie, is a leading global alternative asset manager specializing in investments across infrastructure, real estate, agriculture and energy. Macquarie Infrastructure and Real Assets manages 49 funds with US$101 billion of assets under management across 25 countries (as of December 31, 2012).

Cautionary Note Regarding Forward-Looking Statements: This release may contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ significantly from these forward-looking statements.

THIS RELEASE IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES, AND SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED.



Investor Relations:
Investor Relations, Macquarie Mexican REIT
Eduardo Camarena, +52 (55) 9178 7730
eduardo.camarena@macquarie.com
or
For international press queries:
Corporate Communications, Macquarie Group
Paula Chirhart, +1 212-231-1239
paula.chirhart@macquarie.com
or
For press queries in Mexico:
CarralSierra PR & Strategic Communications
Jose Manuel Sierra
Cel: +52 55 5105 5907
Tel: +52 55 5286 0793
jmsierra@carralsierra.com.mx
or
Andrea Barba
Cel: +52 55 3355 4968
Tel: +52 55 5286 0793
abarba@carralsierra.com.mx

KEYWORDS:   United States  Mexico  North America  Central America  New York

INDUSTRY KEYWORDS:

The article Macquarie Mexican REIT Announces Second Quarter 2013 Earnings Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Penn National Gaming in Discussions with Tewksbury, Massachusetts Town Officials to Develop Slot Par

$
0
0

Filed under:

Penn National Gaming in Discussions with Tewksbury, Massachusetts Town Officials to Develop Slot Parlor Budgeted at More Than $200 Million

WYOMISSING, Pa.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (NAS: PENN) and the Town of Tewksbury announced today they are in discussions regarding a slots-only facility project, budgeted at more than $200 million, that would be located at 300 Ames Pond Drive, near the intersection of Interstate 495 and State Route 133. Penn National's proposal for the 30-acre site will include its marquee Hollywood casino brand, multiple dining options, and other amenities.

"We are encouraged by the preliminary discussions we've had with town leadership and hope to quickly come to an agreement on a project that would bring significant economic benefits to Tewksbury and the entire Merrimack Valley region in the form of new jobs and revenue," said Eric Schippers, Senior Vice President for Public Affairs at Penn National Gaming.


"Penn National Gaming is one of the nation's largest regional casino operators and has an established record of building strong community partnerships and delivering on their commitments," said Richard Montuori, Tewksbury Town Manager. "We are excited about their interest in Tewksbury."

"The economic benefits to Tewksbury from a project of this size and scale would be substantial," said Scott Wilson, Chairman of the Tewksbury Board of Selectmen. "This is an important economic development opportunity that we need to fully explore."

Penn National representatives will be presenting to Town Selectmen on Tuesday, July 16 at 7:00 p.m. Applications for the state's sole slot license must be submitted to the Massachusetts Gaming Commission by October 4th, 2013, following passage of a referendum in the applicant's host community.

About Penn National Gaming

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The Company presently operates twenty-eight facilities in eighteen jurisdictions, including Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In aggregate, Penn National's operated facilities currently feature approximately 34,500 gaming machines, approximately 850 table games, 2,900 hotel rooms and approximately 1.6 million square feet of gaming floor space.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from expectations. Although Penn National Gaming, Inc. and its subsidiaries (collectively, the "Company" or "PENN") believe that our expectations are based on reasonable assumptions within the bounds of our knowledge of our business and operations, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include favorable resolution of any related litigation that often occurs in new gaming jurisdictions; our ability to secure state and local permits and approvals necessary for operation and construction; construction factors, including delays, unexpected remediation costs, local opposition and increased cost of labor and materials; our ability to reach a host agreement with Tewksbury or agreements with surrounding communities; the ultimate location of the various gaming facilities in Massachusetts and other factors as discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC. The Company does not intend to update publicly any forward-looking statements except as required by law.



Keyser Public Strategies
Will Keyser, 617-529-5849
will@keyserpublicstrategies.com

KEYWORDS:   United States  North America  Massachusetts  Pennsylvania

INDUSTRY KEYWORDS:

The article Penn National Gaming in Discussions with Tewksbury, Massachusetts Town Officials to Develop Slot Parlor Budgeted at More Than $200 Million originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Health Care REIT, Inc. Announces Date of Second Quarter 2013 Earnings Release, Conference Call and W

$
0
0

Filed under:

Health Care REIT, Inc. Announces Date of Second Quarter 2013 Earnings Release, Conference Call and Webcast

TOLEDO, Ohio--(BUSINESS WIRE)-- Health Care REIT, Inc. (NYSE: HCN) announced today that it will release its second quarter 2013 financial results before the market opens on August 6, 2013. The company will also host a conference call on August 6, 2013 at 10:00 a.m. Eastern Time to discuss these results. The company's earnings release will be available in the Investor Relations section of the company's website at www.hcreit.com.

The conference call will be accessible by telephone and the Internet. Telephone access will be available by dialing (888) 346-2469 or (706) 758-4923 (international). For those unable to listen to the call live, a taped rebroadcast will be available beginning two hours after completion of the call through August 20, 2013. To access the rebroadcast, dial (855) 859-2056 or (404) 537-3406 (international). The conference ID number is 17358998. To participate in the webcast, log on to www.hcreit.com 15 minutes before the call to download the necessary software. Replays will be available for 90 days.


About Health Care REIT, Inc. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of March 31, 2013, the company's broadly diversified portfolio consisted of 1,133 properties in 46 states, the United Kingdom, and Canada. More information is available on the company's website at www.hcreit.com.



Health Care REIT, Inc.
Scott Estes, 419-247-2800
Jay Morgan, 419-247-2800

KEYWORDS:   United States  North America  Ohio

INDUSTRY KEYWORDS:

The article Health Care REIT, Inc. Announces Date of Second Quarter 2013 Earnings Release, Conference Call and Webcast originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

A New Beginning for WWE®

$
0
0

Filed under:

A New Beginning for WWE ®

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE today opened its world-class training facility that is the new foundation for WWE's guaranteed success. As the new home to WWE's talent developmental system, NXT®, the new facility in Orlando, Florida was officially unveiled at a press conference hosted by Paul "Triple H®" Levesque, Executive Vice President, Talent and Live Events, WWE, Stephanie McMahon, Executive Vice President, Creative, WWE, Florida Governor Rick Scott, Mayor of Orange County Teresa Jacobs and Ken Goldstone, Chief Operating Officer, Full Sail University.

WWE SVP of Special Events, John P. Saboor, Full Sail University COO Ken Goldstone, Orange County Com ...

WWE SVP of Special Events, John P. Saboor, Full Sail University COO Ken Goldstone, Orange County Commissioner Jennifer Thompson, Governor Rick Scott, WWE EVP of Creative Stephanie McMahon and WWE EVP of Talent and Live Events Paul "Triple H" Levesque ring the bell at the grand opening of the WWE Performance Center in Orlando, FL on July 11, 2013. (Photo: Business Wire)

With 26,000 square-feet, seven training rings, a world-class strength and conditioning program and cutting-edge edit and production facilities, the new state-of-the-art Performance Center will give WWE the ability to train more potential performers than ever before through a comprehensive program including in-ring training, physical preparedness and character development.


"The WWE Performance Center represents the guaranteed future success of our company, providing the next generation of WWE Superstars with a world-class facility to call their own," said Paul "Triple H®" Levesque, Executive Vice President, Talent and Live Events, WWE. "The venue offers our developmental talent a full training experience with real time feedback from WWE coaches, trainers and doctors, giving them the resources they need to develop their talent both athletically and creatively."

"We are happy to be back here at WWE's Global Performance Center, officially opening this state-of-the-art training facility," said Governor Rick Scott. "WWE is a big name in sports entertainment so it's fitting that they have chosen to take a one-way ticket to Florida to grow their business. In only two and a half years, Florida has created 330,000 private-sector jobs and our unemployment rate has dropped well below the national average to 7.1 percent. It's working in Florida."

"Creating new, high-value jobs has been a top priority for my administration since day one. The grand opening of the amazing WWE Performance Center is terrific news for our local economy," said Teresa Jacobs, Orange County Mayor. "Not only are these great jobs, the presence of the WWE Performance Center adds to Central Florida's reputation as a television, film and entertainment production hub."

"Throughout our evolving partnership with WWE, our students have had the unique educational opportunity to take part in the live production process for WWE NXT tapings within the Full Sail Live venue," said Ken Goldstone, Chief Operating Officer for Full Sail University. "We are delighted to have the WWE Performance Center in such close proximity to our campus, and we are proud to participate in welcoming this facility to Central Florida."

The new center will be the training ground for approximately 75 talent who include former professional and collegiate athletes, Olympians and entertainers, offering a best-in-class sports medicine program and a central location for all current WWE Superstars to receive the best care both in and out of the ring.

WWE Performance Center Key Highlights:

In-Ring Training Room

  • 12,000 square-foot world-class training room with seven training rings
  • Including one "show ring" with theatrical lighting and broadcast capability to provide developmental talent with a full training experience
  • Connectivity between the Performance Center and WWE's headquarters in Stamford, Conn., via closed circuit cameras will allow for real time feedback from WWE executives

Sports Medicine/Rehabilitation

  • Best-in-class sports medicine facility with on-site medical care creating a central location for all WWE talent to receive the best care both in and out of the ring
  • Dr. Michael Sampson, Medical Director, holds regular office hours
  • Access to a full-time athletic trainer and full-time physical therapist whenever talent are training as well as a network of local specialists

Strength and Conditioning

  • 5,500 square-foot state-of-the-art strength and conditioning room that will allow for daily training sessions for all developmental trainees
  • Featuring cutting edge strength and conditioning equipment, cardio machines, medical rehab equipment and floor space for stretching and plyometric movement
  • World-renowned strength coach Joe DeFranco will serve as a consultant

Promo Room

  • A small, private studio that allows talent to practice on-camera techniques and work individually on character development and performance skills
  • Capable of being operated by the talent themselves, this one-of-a-kind studio functions without technical personnel and is controlled using a simple iPad interface

Edit and Production Suites

  • Cutting-edge edit and production facilities dedicated to creating improved TV performances for in-ring talent
  • Flash (Pre-tape) Studio - a full-function, green-screen capable studio designed to allow talent to practice their TV presentation skills or to create content for NXT or WWE programming. The room features a Sony ENG style camera, studio lighting and high-resolution recording using AJA Digital recording hardware operated by production staff
  • VO Booth - a practice room designed for announcers-in-training to work with WWE seasoned professionals to hone their live action announcing and play-by-play skills. The room allows for up to three announcers to work directly with an audio engineer to provide quick and easy record and playback functionality

The Performance Center solidifies WWE's presence in Orlando and evolves WWE's partnership with Full Sail University. Last year, WWE and Full Sail announced an innovative partnership that moved live tapings of WWENXT series, WWE's weekly one-hour show that broadcasts on Hulu Plus and in more than 100 countries, to Full Sail Live, the university's state-of-the-art performance venue. The partnership, which created a student scholarship fund, also allows students of the university's entertainment-focused degree programs, including Film, Show Production, Digital Arts and Design, Internet Marketing and Entertainment Business, to gain real-world experience alongside WWE production staff during WWE NXT tapings.

For more information about NXT and talent bios, visit http://www.wwe.com/shows/wwenxt.

About WWE

WWE, a publicly traded company (NYS: WWE) , is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Miami, Mumbai, Shanghai, Singapore, Istanbul and Tokyo.

Additional information on WWE (NYS: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television and pay-per-view programming distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and travelling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business; risks relating to increasing content production for distribution on various platforms, including the potential creation of a WWE network; risks relating to our computer systems and online operations; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.



Media Contact :
WWE
Matthew Altman, 203-352-1177
Matthew.Altman@wwecorp.com
or
Investor Contact:
WWE
Michael Weitz, 203-352-8642
Michael.Weitz@wwecorp.com

KEYWORDS:   United States  North America  Connecticut  Florida

INDUSTRY KEYWORDS:

The article A New Beginning for WWE® originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Citrix Systems to Announce Second Quarter 2013 Financial Results on Wednesday, July 24

$
0
0

Filed under:

Citrix Systems to Announce Second Quarter 2013 Financial Results on Wednesday, July 24

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NAS: CTXS) , today announced that it plans to report financial results for the second quarter ended June 30, 2013 on Wednesday, July 24, 2013 after market close. A news release will be issued at approximately 4:05 p.m. ET and a conference call will begin at 4:45 p.m. ET to discuss financial results, quarterly highlights, and business outlook. The call will include a slide presentation and participants are encouraged to view the presentation via webcast at http://www.citrix.com/investors.

The conference call may also be accessed by dialing:


(888) 799-0519 or (706) 634-0155

Using passcode: CITRIX

A replay of the webcast can be viewed by visiting the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors for approximately 30 days.

About Citrix

Citrix (NAS: CTXS) is the cloud company that enables mobile workstyles—empowering people to work and collaborate from anywhere, securely accessing apps and data on any of the latest devices, as easily as they would in their own office. Citrix solutions help IT and service providers build clouds, leveraging virtualization and networking technologies to deliver high-performance, elastic and cost-effective cloud services. With market-leading cloud solutions for mobility, desktop virtualization, networking, cloud platforms, collaboration and data sharing, Citrix helps organizations of all sizes achieve the speed and agility necessary to succeed in a mobile and dynamic world. Citrix products are in use at more than 260,000 organizations and by over 100 million users globally. Annual revenue in 2012 was $2.59 billion. Learn more at www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with products, their development, integration and distribution, product demand and pipeline, customer acceptance of new products, economic and competitive factors, Citrix's key strategic relationships, acquisition and related integration risks as well as other risks detailed in Citrix's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Citrix® is a registered trademark of Citrix Systems, Inc. in the U.S. and other countries. All other trademarks and registered trademarks are property of their respective owners.



Citrix Systems, Inc.
Investor Inquiries
Eduardo Fleites, 954-229-5758
or
Media Inquiries
Eric Armstrong, 954-267-2977

KEYWORDS:   United States  North America  California  Florida

INDUSTRY KEYWORDS:

The article Citrix Systems to Announce Second Quarter 2013 Financial Results on Wednesday, July 24 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

WWE® to Report 2013 Second Quarter Results

$
0
0

Filed under:

WWE ® to Report 2013 Second Quarter Results

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE (NYS: WWE) announced that it will report its 2013 second quarter results on Thursday, August 1, 2013, before the opening of the market. The Company's Chairman and CEO, Vincent K. McMahon, and senior management will host a conference call beginning at 11:00 a.m. ET to discuss the results.

All interested parties are welcome to listen to a live web cast that will be hosted through the Company's web site at corporate.wwe.com. Participants can access the conference call by dialing 855-993-1400 (toll free) or 630-691-2763 from outside the U.S. (conference ID for both lines: WWE). Please reserve a line 15 minutes prior to the start time of the conference call.


The earnings release and presentation to be referenced during the call will be available at corporate.wwe.com. A replay of the call will be available approximately two hours after the conference call concludes, and can be accessed on the Company's web site.

About WWE:

WWE, a publicly traded company (NYS: WWE) , is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo.

Additional information on WWE (NYS: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television and pay-per-view programming distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and travelling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business; risks relating to increasing content production for distribution on various platforms, including the potential creation of a WWE Network; risks relating to our computer systems and online operations; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.



WWE
Investors:
Michael Weitz, 203-352-8642
michael.weitz@wwecorp.com
or
Media:
Tara Carraro, 203-352-8625
tara.carraro@wwecorp.com

KEYWORDS:   United States  North America  Connecticut

INDUSTRY KEYWORDS:

The article WWE® to Report 2013 Second Quarter Results originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Special Committee Cautions Dell Stockholders Regarding Carl Icahn's Misleading Statements About Appr

$
0
0

Filed under:

Special Committee Cautions Dell Stockholders Regarding Carl Icahn's Misleading Statements About Appraisal Rights

ROUND ROCK, Texas--(BUSINESS WIRE)-- The Special Committee of the Board of Directors of Dell Inc. (NAS: DELL) today issued the following statement regarding Carl Icahn's efforts to encourage Dell stockholders to pursue appraisal proceedings after completion of the transaction proposed by Michael Dell and Silver Lake:


"The Special Committee cautions Dell stockholders that Carl Icahn's latest entreaties that they pursue appraisal with respect to the Dell acquisition misrepresent the risks and costs involved in this course of action. Mr. Icahn's letters claim that seeking appraisal is a "no-brainer" involving "no risk" and that stockholders "might get lucky" if they follow his advice.

"In fact, pursuing appraisal involves substantial risks and costs. First, if a sufficiently large number of shareholders seek appraisal and thus do not vote in favor of the acquisition (which is required to pursue appraisal rights), the merger agreement will be terminated, the merger will not occur, stockholders will not have the opportunity to receive the $13.65 per share cash merger consideration, there will be no appraisal rights, and stockholders will continue to bear the risks of holding their Dell shares. Second, there is no assurance a court would determine the fair value of Dell shares to be greater than $13.65 - and it could determine the value to be less. The $13.65 price has been known by the market since early February and no buyer, including Mr. Icahn, has offered to purchase Dell for a higher price. Third, litigating appraisal proceedings is a protracted and expensive process that each shareholder would have to endure and fund individually. Finally, Mr. Icahn's claim that the buyers may settle appraisal proceedings for an amount in excess of $13.65 within 60 days after the merger is baseless and, in fact, is directly contradicted by the buyers' stated intention not to do so as set forth in Dell's definitive proxy statement.

"Mr. Icahn is asking Dell stockholders to vote against the certainty of $13.65 per share in cash to pursue a highly speculative appraisal remedy. He is also asking them, if the merger does not occur, to cede full control of Dell's board to nominees of the Icahn group and then to hope for a highly leveraged recapitalization transaction that he himself admits may never come to fruition.

"The Special Committee urges stockholders not to be misled by Mr. Icahn's characterization of the appraisal option and to consider their options with great care, and continues to recommend that shareholders vote FOR the $13.65 all cash merger promptly by telephone or internet to be sure their votes are received in time to be counted at Dell's Special Meeting to be held on Thursday, July 18 at 8:00 a.m. CDT."

Forward-looking Statements

Any statements in these materials about prospective performance and plans for the Company, the expected timing of the completion of the proposed merger and the ability to complete the proposed merger, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors or risks that could cause our actual results to differ materially from the results we anticipate include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the inability to complete the proposed merger due to the failure to obtain stockholder approval for the proposed merger or the failure to satisfy other conditions to completion of the proposed merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; (3) the failure to obtain the necessary financing arrangements set forth in the debt and equity commitment letters delivered pursuant to the merger agreement; (4) risks related to disruption of management's attention from the Company's ongoing business operations due to the transaction; and (5) the effect of the announcement of the proposed merger on the Company's relationships with its customers, operating results and business generally.

Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in the materials represent our views as of the date hereof. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof. Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2013, which was filed with the SEC on March 12, 2013, under the heading "Item 1A—Risk Factors," and in subsequent reports on Forms 10-Q and 8-K filed with the SEC by the Company.

Additional Information and Where to Find It

In connection with the proposed merger transaction, the Company filed with the SEC a definitive proxy statement and other relevant documents, including a form of proxy card, on May 31, 2013. The definitive proxy statement and a form of proxy have been mailed to the Company's stockholders. Stockholders are urged to read the proxy statement and any other documents to be filed with the SEC in connection with the proposed merger or incorporated by reference in the proxy statement because they will contain important information about the proposed merger.

Investors will be able to obtain a free copy of documents filed with the SEC at the SEC's website at http://www.sec.gov. In addition, investors may obtain a free copy of the Company's filings with the SEC from the Company's website at http://content.dell.com/us/en/corp/investor-financial-reporting.aspx or by directing a request to: Dell Inc. One Dell Way, Round Rock, Texas 78682, Attn: Investor Relations, (512) 728-7800, investor_relations@dell.com.

The Company and its directors, executive officers and certain other members of management and employees of the Company may be deemed "participants" in the solicitation of proxies from stockholders of the Company in favor of the proposed merger. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of the Company in connection with the proposed merger, and their direct or indirect interests, by security holdings or otherwise, which may be different from those of the Company's stockholders generally, is set forth in the definitive proxy statement and the other relevant documents filed with the SEC. You can find information about the Company's executive officers and directors in its Annual Report on Form 10-K for the fiscal year ended February 1, 2013 (as amended with the filing of a Form 10-K/A on June 3, 2013 containing Part III information) and in its definitive proxy statement filed with the SEC on Schedule 14A on May 24, 2012.

About Dell

Dell Inc. (NAS: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit www.Dell.com. You may follow the Dell Investor Relations Twitter account at: http://twitter.com/Dellshares. To communicate directly with Dell, go to www.Dell.com/Dellshares.



Contacts for the Special Committee:
Sard Verbinnen & Co
George Sard/Paul Verbinnen/Jim Barron/Matt Benson
212-687-8080

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Special Committee Cautions Dell Stockholders Regarding Carl Icahn's Misleading Statements About Appraisal Rights originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments


Microsoft's Big Change

$
0
0

Filed under:

The following video is from Thursday's Investor Beat, in which host Chris Hill, and analysts Jason Moser and Isaac Pino dissect the hardest-hitting investing stories of the day.

Shares of Microsoft rose nearly 3% on news that the tech giant is planning a major reorganization. Microsoft will be organized around key functions rather than specific products, and the goal is a better sharing of information, better devices, and better services. In our lead story on Investor Beat, Motley Fool analysts Jason Moser and Isaac Pino discuss how Microsoft seems to be modeling its changes on Ford Motor's most recent reorganization, and whether investors will benefit.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.


The relevant video segment can be found between 0:17 and 2:29.

The article Microsoft's Big Change originally appeared on Fool.com.

Chris Hill has no position in any stocks mentioned. Isaac Pino, CPA has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Your iPad Is Begging to Do So Much More

$
0
0

Filed under:

Second-screen technology was one of the big topics at the recent Cable Show in Washington, D.C. Motley Fool analyst Rex Moore was at the event and chatted with Akamai's Kris Alexander about how so-called "couch commerce" is opening up new revenue streams for retailers, advertisers, and programmers.

In this segment, Kris talks about the explosion of connected devices such as Apple's iPads and Google's Android tablets, and what it means for second-screen commerce.

Looking for the top dog
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged among the five kings of tech. Click here to keep reading.


The article Your iPad Is Begging to Do So Much More originally appeared on Fool.com.

Rex Moore has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Barnes & Noble: End of the Road or a New Beginning?

$
0
0

Filed under:

On Monday afternoon, Barnes & Noble announced that CEO William Lynch had resigned. The company made a variety of management changes to accommodate his departure, but it notably didn't appoint a new CEO. Instead, the top executives will report to company founder and executive chairman Leonard Riggio.

Riggio has been interested in buying Barnes & Noble's main business -- its bookstores and website -- to take them private. Riggio hasn't yet made an offer, but this looming possibility adds to the uncertainty caused by Barnes & Noble's loss-making ways and its current executive turmoil. Is Barnes & Noble about to go under, as top rival Borders did two years ago? Or is the company on the verge of a renaissance?

Competing with a giant
Barnes & Noble put a host of mom-and-pop bookstores out of business as it built a retail empire over the past few decades. However, the company's success was eventually disrupted by an even more efficient competitor: Amazon.com .


Amazon has been able to offer much lower average prices than Barnes & Noble because of its direct-from-warehouse operating model, its willingness to accept lower margins, and even its exemption from collecting most sales taxes. Furthermore, many consumers came to prefer shopping online to the hassle of waiting in a checkout line at a retail store.

Amazon created further headaches for Barnes & Noble with the launch of its Kindle e-reader in 2007. Since then, e-books have become a bigger and bigger part of the overall book market, accounting for 20%-25% of the market. Amazon retains the largest share of the e-book market.

A surprising result
Barnes & Noble has tried to react to these trends by launching its own website and its own line of Nook e-readers. However, Barnes & Noble has never been as successful as Amazon in these initiatives. While Nook devices have often received good reviews, they haven't sold as well as Amazon's Kindles and have contributed huge losses to Barnes & Noble's bottom line. The Nook division (which includes both e-reader/tablet hardware and content sales) posted an EBITDA loss of $475 million last year, or $253 million excluding a significant inventory writedown.

From a big-picture perspective, it's clear that Barnes & Noble has been investing lots of money in the Nook business with the goal of building up a viable competitor to Amazon. However, growth stalled out last year, while losses increased. As a result, Barnes & Noble is now dropping out of the tablet business, choosing to partner with other tablet manufacturers going forward.

Yet the legacy retail business is surprisingly healthy. Retail segment EBITDA grew 16% to $374 million in the recently ended fiscal year, despite a 3.4% comparable-store sales decline. The college segment posted a slight EBIDTA decline from $116 million to $111 million.

Many people still prefer physical books and enjoy the atmosphere of Barnes & Noble stores. Furthermore, with the demise of Borders, the company has no competing national bookstore chain. Barnes & Noble is also slowly paring down its store base; it closed 16 stores last year and plans to continue at that pace for the next few years. All of these initiatives could help the company remain profitable for the foreseeable future, in spite of the pressure from Amazon.

Foolish bottom line
Based on Barnes & Noble's recent results, it appears that there's still plenty of money to be made selling physical books in retail locations. That said, it's undeniable that this is a business in decline. Comparable store sales are falling, so the company will have to continue closing stores to keep traffic up at the remaining locations. The best-case scenario for the Barnes & Noble retail division is probably that it treads water for a while, giving investors time to squeeze out some more cash.

That said, I wouldn't consider investing in Barnes & Noble until there's some more clarity on what the company plans to do. While there may be some value left in the retail business, it depends heavily on how quickly the business continues to decline; comparable store sales declines are actually expected to accelerate in the coming year. Moreover, if the company pours all of its retail earnings into the floundering Nook segment, it won't do shareholders much good. As a result, investors should probably avoid Barnes & Noble.

Discover great retail investment opportunities!
Amazon has delivered stellar gains for investors by disrupting the retail space, but it's not the only company profiting from the new world of retail. The most forward-looking and capable companies will handsomely reward investors who understand the landscape. You can read about the 3 Companies Ready to Rule Retail in The Motley Fool's special report. Uncovering these top picks is free today; just click here to read more.

The article Barnes & Noble: End of the Road or a New Beginning? originally appeared on Fool.com.

Adam Levine-Weinberg is short shares of Amazon.com. The Motley Fool recommends and owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

3 Ways to Save Money on Your A/C Bill

$
0
0

Filed under:

We're heading into peak air conditioning season, and that means electricity bills will be at their peak, squeezing consumers. But there are a few easy ways to save on your energy bill and some good investments to make that profit from high energy costs. Let's start with some easy ways to save money this month.

Adjust your thermostat
Turning your set temperature up when you leave the home can save money without sacrificing comfort. This can be done manually, but a programmable thermostat can be set to lower energy use while you're at work during peak energy times and turn your air conditioning back on before you get home. Honeywell sells thermostats that can not only be programmed by day and time, but you can also access them through a smartphone app. Adjusting your home's temperature to 78 degrees during the day versus 73 degrees can save 30% on your energy bill, so this is a quick fix that you may not even notice.  

Throw out old light bulbs
Replacing old incandescent or halogen light bulbs with CFL or LED lights can also save you money in two ways. They use less energy to light a room, but they also generate far less heat than traditional bulbs. In fact, 90% of the energy used by old bulb technology generates heat, not light. Energy Circle did a test of three types of lights, finding that halogen lights ran at 327 degrees, CFLs were 167 degrees, and an LED light was 107 degrees. The cost savings of replacing light bulbs goes far beyond the lower wattage in the bulb itself; it puts less stress on your air conditioner as well.  


Move that furniture
Finally, rearranging furniture can save you money on air conditioning without costing you a dime. Vents can often wind up under a sofa or beneath a dresser, which keeps those items nice and cool but wastes energy cooling your home. Check where your vents are and make sure they allow free air flow and you'll save a few dollars on your next electric bill.  

Investing in energy
If you're even more ambitious than making these small changes there are a few other ways to you can save money, or even make money when energy costs are high. The first is by going solar. Sunrun, SunPower , and SolarCity have wide networks of installers that will install solar panels on your roof for $0 down and at a lower cost than your electricity rate. In short, for nothing more than some rooftop space you can save money on your electricity bill every month.

Another way to profit from high electricity usage is to buy companies that profit from electricity prices by owning power-generating assets. NRG Energy has both utility and power generation assets and is one of the largest solar power owners in the world. Exelon is another power generator that pays investors back with a solid 4% dividend yield. As power usage rises and prices go up these companies make money for those who own their stocks.

The U.S. is also going through a transformation by producing more of our energy domestically rather than importing it. In fact, we may become a net energy exporter in the next decade. Find out which three companies are leading the charge, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free. 

The article 3 Ways to Save Money on Your A/C Bill originally appeared on Fool.com.

Fool contributor Travis Hoium manages an account that owns shares of SunPower. He also owns shares of SunPower and has long January 2015 $5, $7, $15, and $25 calls on SunPower. The Motley Fool recommends Exelon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Middleby's CEO Offers Advice on Building a Successful Company

$
0
0

Filed under:

In the following video interview, Motley Fool CEO Tom Gardner speaks with Middleby CEO Selim Bassoul. Since becoming CEO in 2000, Bassoul has led a remarkable transformation at Middleby, the cooking equipment maker, turning the stock into a nearly 50-bagger over that time. In the video, Bassoul discusses the importance of customer service to Middleby's success.

Middleby is one of Tom Gardner's favorite stocks, but you can never have too many great companies in your portfolio. If you're looking for more ideas, our chief investment officer has selected a different stock as his favorite for this year. Find out which stock it is in the free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company. 


Tom Gardner: That's a great answer. "I'm 25 years old. I'm currently working in the customer service sector, in addition to owning a small business with my father. Customer service is our bread and butter, both in my career and in my small business. As someone who looks to invest in companies that provide top-tier customer service, I would like to know," Joe asks, "how big of a role did your customer service model play in your success, and what advice do you have for someone who's still getting their feet wet in the world of entrepreneurship investing and customer service?

Selim Bassoul: Well, customer service is very, very important to us in a way that is literally more important than salespeople.

Gardner: Customer service is easier when you have a no-quibble warranty. Your customer calls up and is upset; you can return the product if you don't like it. That makes customer service a little easier.

Bassoul: Yes, but I can tell you, it makes it even more complicated. Why? Because ultimately nobody buys a product to return it. At the same time, customer service is not only about returning products. People usually try to ask specific questions about which oven I need to buy. We haven't even started with the warranty. People coming back and saying, OK, I am a small pizza store. I deliver 200 pizzas on a Friday. Which oven should I need to do? So they need to be trained. Customer service also is about most probably having somebody being able to talk to somebody at the end of the line.

The key for us, and I've had so many bad experiences -- I don't know if you have ever tried to get to AT&T if you had an issue at your home. You're on the phone for an hour. Try to get on an airline, try to change a ticket and talk to an airline representative. You're 20, 25 minutes. And the worst is I hate those systems that say, "Your wait is 27 minutes," and you have that music. Twenty-seven minutes does not help me. I need somebody to respond. So what we've done -- we've basically found out that three things we've done. We've, one, made sure to return to our customers in hours in terms of getting back to them answers.

Number two, we've used an app. If you go on to the app on your iPad, we have a Middleby app. It's a free Middleby app, and in there we basically do a lot of things. We provide answers on sizing your oven, on energy saving, costing, what is the warranty, where to find parts, who to call, locally and everywhere around the world -- so you map wherever you are, you put your ZIP code, you find out. If there are rebates issued by the company, you put your code. You say is there a rebate, and in my backyard, where I can go get it.

We have basically used our information technology to help people not always get on the phone. But customer service is critical. Customer service is also critical in making sure that they say no. That's the power we give customer service. If we don't have the right product, we don't want to oversell you something that doesn't make sense.

One of the things that there is a tendency in companies is to upsell. I want to sell you a stronger BTU. Instead of selling you a medium-duty range, we are selling you a heavy-duty range. Or the opposite comes even more true. In order to not lose a sale, somebody needs to have a heavier-duty range. ... We'll sell them a cheaper one just to get the sales and finally six months down the road, we find out that, or a year down the road, we find out that that piece of equipment did not meet the needs, so it's very important for us to match the need honestly. So we have very high integrity and empowerment of customer service to override a sale.

The article Middleby's CEO Offers Advice on Building a Successful Company originally appeared on Fool.com.

Tom Gardner owns shares of Middleby. The Motley Fool recommends and owns shares of Middleby. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

Read | Permalink | Email this | Linking Blogs | Comments

Viewing all 9760 articles
Browse latest View live




Latest Images