Gold Standard Ventures Acquires Battle Mountain Gold

Gold Standard Ventures Acquires Battle Mountain Gold

Gold Standard Ventures said Wednesday that it has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Battle Mountain Gold Inc. for consideration of 0.1891 of a common share of Gold Standard plus $0.08 in cash for each Battle Mountain common share held. Battle Mountain is a company focused on acquiring, exploring and developing precious metals projects in geological districts with potential for […]

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Xerox Unveils Initial Settlement of Offers to Exchange Outstanding Notes

Xerox Unveils Initial Settlement of Offers to Exchange Outstanding Notes

Xerox (XRX), a provider of business support services, unveiled late Friday the initial settlement of its offer to buy back $300 million in debt and exchange an additional $300 million of existing debt for new 4.070% senior notes due March 17, 2022. Xerox delivered on Friday an aggregate principal amount of $300 million of new notes and paid an aggregate of $322 million cash consideration. This settlement is for existing […]

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Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks closed modestly higher for a second consecutive day, buoyed by a 15-month high in brent crude oil and positive quarterly earnings from the financial sector. Oil raced higher mid-morning on the combination of remarks from the Saudi oil minister regarding production cuts and an unexpected drop in inventory levels. As a result, West Texas intermediate gained 2.25% on the futures market, while brent was up 1.7%. The banking sector […]

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Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Inc. (LSTR) was edging higher in Wednesday late trading after the trucking and logistics company tonight reported Q3 net income of $0.86 per share, down from $0.90 per share during the same quarter last year but still beating the Capital IQ consensus by $0.05 per share. Revenue for the three months ended Sept. 30 declined % from year-ago levels to $788 million, better than the $777.4 million Street […]

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Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks in the US stayed stronger by the close on Wednesday as oil prices gained and stronger earnings reports added lift, although a slide in Intel (INTC) after its financials constrained some of the gains. The Nasdaq, where Intel trades, underperformed the other benchmarks, as the chipmaker ended 5.9% lower. It was also the worst performer among the blue chips on the Dow Jones Industrial Average. American Express (AXP) posted […]

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