Blog Posts by Stacy Curtin

  • Viacom CEO defends self in testy exchange on 1Q results

    Viacom CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call in which the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row

    LOS ANGELES (AP) -- Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call Tuesday after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row.

    The call occurred as 92-year-old chairman emeritus Sumner Redstone — who has a speech impediment and requires a feeding tube — was said to be listening in. It came just a few days after Dauman replaced Redstone as executive chair to go along with his job as CEO, and three weeks after Viacom awarded Dauman a $17 million contract renewal bonus that boosted his overall pay 22 percent to $54.2 million last year.

    In reaction to the weak quarter and a call that didn't inspire investor confidence, Viacom's shares fell more than 21 percent Tuesday to $32.86, their lowest close in more than five years.

    "Given the exceedingly poor performance of Viacom

    Read More »from Viacom CEO defends self in testy exchange on 1Q results
  • MasterCard Takes Cardholders from the Everyday to Priceless with Week-Long Celebration of the 58th Annual GRAMMY Awards®

    Music fans will have access like never before to private events, exclusive performances and insider experiences

    PURCHASE, N.Y.--(BUSINESS WIRE)--

    For the first time, MasterCard is creating a week-long celebration of music for its cardholders culminating with Music’s Biggest Night®—the 58th Annual GRAMMY Awards®. Through a series of concerts and special events, music fans will have access to experiences once open only to music industry insiders.

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160209006885/en/

    “We know that music is a passion for people everywhere,” said Raja Rajamannar, chief marketing officer, MasterCard. “With that in mind, we decided to leverage our long-time partnership with The Recording Academy and celebrate music as a passion. This year, we are providing our cardholders exclusive, insider access to GRAMMY winning artists and experiences leading up to Music’s Biggest Night.”

    The week includes a line-up of

    Read More »from MasterCard Takes Cardholders from the Everyday to Priceless with Week-Long Celebration of the 58th Annual GRAMMY Awards®
    Contact:
    Media:
    For MasterCard
    Sarah Ely, 914-249-6714
  • NGL Energy Partners LP Announces Third Quarter Fiscal 2016 Results

    TULSA, Okla.--(BUSINESS WIRE)--

    NGL Energy Partners LP (NGL) today reported Adjusted EBITDA of $113.5 million for the three months ended December 31, 2015 (exclusive of $0.2 million of advisory and legal costs related to acquisitions) compared to Adjusted EBITDA of $144.8 million for the three months ended December 31, 2014 (exclusive of $0.7 million of advisory and legal costs related to acquisitions and $7.6 million of compensation costs related to the Gavilon and TransMontaigne acquisitions). NGL reported net income of $29.6 million for the three months ended December 31, 2015, compared to a net loss of $5.3 million for the three months ended December 31, 2014.

    For the nine months ended December 31, 2015, NGL reported Adjusted EBITDA of $270.1 million (exclusive of $0.9 million of advisory and legal costs related to acquisitions), compared to Adjusted EBITDA of $258.3 million

    Read More »from NGL Energy Partners LP Announces Third Quarter Fiscal 2016 Results
    Contact:
    NGL Energy Partners LP
    Michael Krimbill, 918-481-1119
    Chief Executive Officer
  • Self-Driving Cars On Ramp As Feds Tax Oil In New Obama Budget

    Autonomous cars, self-driving cars, robot cars -- not only are they far along in development, now they can read dollar signs. A $98.1 billion federal transportation budget proposal came out Tuesday as the White House announced President Barrack Obama's final $4.1 trillion budget proposal, which would slap a $10.25-a-barrel tax on oil. The transportation budget plan allocates $3.9 billion over 10 years for "large-scale deployment pilots" to develop a framework for how connected cars and autonomous vehicles will inter-operate across states. Regulators had penciled in the autonomy figure in an announcement at last month's Detroit auto show, after President Obama alluded to plans for a "21st century transportation system" in his State of the Union speech. The president's overall budget proposal is sure to fire up controversy and roadblocks when considered by the Republican-controlled Congress. "To speed our transition to an affordable, reliable, clean energy system, my budget funds Mission

    Read More »from Self-Driving Cars On Ramp As Feds Tax Oil In New Obama Budget
  • Douglas Emmett reports 4Q results

    Douglas Emmett posts 4Q FFO of $72.5 million, results match profit expectations

    SANTA MONICA, Calif. (AP) _ Douglas Emmett Inc. (DEI) on Tuesday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

    The Santa Monica, California-based real estate investment trust said it had funds from operations of $72.5 million, or 41 cents per share, in the period.

    The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 41 cents per share.

    Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

    The company said it had net income of $14.2 million, or 9 cents per share.

    The real estate investment trust posted revenue of $160.4 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $157.3 million.

    For the year, the

    Read More »from Douglas Emmett reports 4Q results
  • Japanese stocks gained, after plunging on Tuesday by the most since August, as the yen pared gains that took it to the strongest level against the dollar in more than a year.

    The Topix index added 0.2 percent to 1,306.56 as of 9:04 a.m. in Tokyo, with more than two stocks rising for each that fell. The Nikkei 225 Stock Average gained 0.5 percent to 16,159.28. The yen traded at 115.19 per dollar after surging touching 114.21 on Tuesday, the strongest since November 2014. Shares in the U.S. fluctuated as investors await congressional testimony from Federal Reserve Chair Janet Yellen ahead of a holiday on Thursday in Japan.

    “We’ll continue to see volatility,” Chihiro Ohta, general manager of investment information at SMBC Nikko Securities Inc. in Tokyo, said by phone. “We’re coming up to the national holiday and the weekend, and Yellen’s testimony will be delivered later today, so it’s easy to enter a wait-and-see mood. That said, after the market fell so much yesterday we might see some

    Read More »from Japan Stocks Rise as Yen Pares Gain Ahead of Yellen Testimony
  • MANCHESTER, N.H. (AP) — The Latest developments from the 2016 presidential campaign, with the focus Tuesday on the New Hampshire primary (all times local):

    7:25 p.m.

    Call them the late deciders.

    Nearly half of the voters in Tuesday's Republican primary in New Hampshire are saying they made up their mind in the last week. On the Democratic side? More than half say they decided before that.

    The findings are among some of the early results of the exit poll conducted by Edison Research for The Associated Press and the television networks.

    ___

    7:15 p.m.

    What's at stake on the delegate front in the New Hampshire primary?

    For Democrats, 24 delegates are up for grabs. On the GOP side, it's 23.

    The GOP count after the Iowa caucuses: eight for Ted Cruz, and seven each for Donald Trump and Marco Rubio. It takes 1,237 delegates to win the Republican nomination.

    Hillary Clinton holds a big delegate lead, mainly due to on endorsements from superdelegates. Those are the party officials who can support the

    Read More »from The Latest: The late deciders _ lots of NH Republican voters
  • Groundbreaking Set for Environmental Project That Will Benefit South Orange County

    ALISO VIEJO, Calif.--(BUSINESS WIRE)--

    The City of Aliso Viejo on February 22 will break ground on an innovative environmental project that will naturally treat urban runoff from four South Orange County cities and significantly improve water quality in the region.

    The groundbreaking ceremony for the Dairy Fork Wetland and Habitat Restoration Project is at 10 a.m. on land at the southwest corner of Aliso Viejo and Moulton parkways. The site entrance is on Moulton Parkway south of Aliso Viejo Parkway.

    The City of Aliso Viejo is the lead agency on this project that will treat urban runoff from 1,500 acres of mixed residential and commercial areas within Aliso Viejo, Lake Forest, Laguna Hills and Laguna Woods before it merges with Aliso Creek. The project will also restore natural habitat to the area.

    In April 2014, the Orange County Transportation Authority

    Read More »from Groundbreaking Set for Environmental Project That Will Benefit South Orange County
    Contact:
    KT Community Relations
    Kelly Tokarski
    949-643-3996 (o)
    949-395-4448 (c)
  • Cel-Sci posts 1Q profit

    Cel-Sci posts profit of $2.3 million in 1st quarter

    VIENNA, Va. (AP) _ Cel-Sci Corp. (CVM) on Tuesday reported fiscal first-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.

    On a per-share basis, the Vienna, Virginia-based company said it had net income of 2 cents.

    The cancer immunotherapy company posted revenue of $21,000 in the period.

    In the final minutes of trading on Tuesday, the company's shares hit 50 cents. A year ago, they were trading at 79 cents.

    _____

    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVM at http://www.zacks.com/ap/CVM

    _____

    Keywords: Cel-Sci, Earnings Report

  • Apollo Commerical Finance posts 4Q profit

    Apollo Commerical Finance posts 4Q profit of $27.2 million, result tops expectations

    NEW YORK (AP) _ Apollo Commercial Real Estate Finance (ARI) on Tuesday reported fourth-quarter profit of $27.2 million.

    The New York-based company said it had net income of 32 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 48 cents per share.

    The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

    The real estate investment trust posted revenue of $43.2 million in the period.

    For the year, the company reported profit of $103.3 million, or $1.54 per share. Revenue was reported as $143.3 million.

    Apollo Commerical Finance shares have declined 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.48, a decline of 7 percent in the last 12 months.

    _____

    Read More »from Apollo Commerical Finance posts 4Q profit

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