Stockholders' equity was $4.20Bil at June 30, 2015, down 7% from $4.50Bil at Dec. 31, 2014. The decrease resulted mainly from a net loss of $1.02Bill for 1H15 and dividends of $29.1MM, partially offset by net proceeds of $730MM from $XEC's common stock offering.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.
$FRGI announced an overview and initial steps in its plan to drive long-term value creation. The company plans to relaunch the Pollo Tropical brand in September of this year and to relaunch the Taco Cabana brand late in the year once priority initiatives under the Renewal Plan are achieved.
$UBSI completed its acquisition of Cardinal Financial Corp. This transaction marks the 31st acquisition United has completed under the current administration and the tenth acquisition in the D.C. Metro region.
$HCI BoD has approved the termination of its shareholder rights plan, commonly referred to as a “poison pill,” by amending the associated rights agreement to accelerate the expiration date to April 18, 2017. Shareholders are not required to take any action as a result of this termination.
$MRK announced new phase 2 data on investigational triple combination therapy MK-3682B for chronic hepatitis C virus (HCV) genotype (GT) 1 infection for whom treatment with approved direct-acting antiviral regimens had failed.