The Bank of Nova Scotia (USA) (NYSE:BNS) shares
gained 1.54% to $54.16 after the company reported third-quarter net ncome of
C$1.95 billion from C$1.21 billion in the same quarter last year. Earnings per
share for the quarter were C$1.69, compared to C$1.10 in the same period a year
ago, an increase of 54%. Adjusted earnings per share for the quarter increased
to C$1.72 from C$1.12 last year. Total revenue was C$5.589 billion the quarter,
up C$1,218 million or 28% from the same period last year. Analysts expected the
company to report earnings of C$1.19 per share on a consensus revenue estimate
of C$4.93 billion for the quarter.
NIKE, Inc. (NYSE:NKE) had its price target increased
by UBS AG from $99.00 to $106.00 in a research report released on August 24.
UBS AG currently has a buy rating on the stock. Additionally, analysts on an
average predict that NIKE will post $0.00 earnings per share for the current
fiscal year.
Magellan Petroleum Corporation (NASDAQ:MPET) stock
soared 67.36% to $1.640 after Stratex Oil & Gas Holdings Inc announced that
it has made an offer to acquire Magellan Petroleum for $2.30 per share in cash
and stock. The offer was made in a letter to Magellan's CEO with a copy to the
Board of Directors on August 27 ,2012 after the CEOs of the two companies had
previously discussed Stratex's interest in acquiring Magellan, but had failed
to come to any definitive understanding.
Can MPET Continue To Move Higher? Find Out Here
Hillshire Brands Co (NYSE:HSH) announced that it has
filed a Notification of Late Filing in accordance with Rule 12b-25 of the
Securities Exchange Act of 1934, as amended, with the Securities and Exchange
Commission (SEC) for its Annual Report on Form 10-K for the fiscal year ended
June 30, 2012. This action provides for a 15 calendar day extension for the
filing of its Annual Report on Form 10-K until Sept. 13, 2012.
Rimage Corporation (NASDAQ:RIMG) announced that its
Board of Directors has approved a quarterly dividend of $0.17 per share,
payable on September 14, 2012 to shareholders of record on August 31, 2012.
Based on the current stock price, this represents an approximately 9.8% yield.
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