US News

Up to $125m Gladstone Land Corporation (Nasdaq:LAND) announced today that it increased its overall borrowing capacity by $75.0 million, or 150% in connection with its execution of a loan agreement with Metropolitan Life Insurance Company for a new credit facility of up to $125.0 million, consisting of a $100.0 million long-term note payable and a […]

Action targets senior Syrian officials, a Russian bank, its Chairman, and oil refineries owned by the government of Syria The U.S. Department of the Treasury today took a number of actions to increase pressure on the Syrian regime and its supporters. The Treasury Department designated Moscow-based Tempbank and Mikhail Gagloev, a senior executive of the […]

Council votes to enhance transparency policy and Council governance The Financial Stability Oversight Council (Council) has unanimously approved its 2014 annual report, which was developed collaboratively by the members of the Council and their agencies and staffs. Under the Dodd-Frank Act, the Council must report annually to Congress on a range of issues, including significant […]

As we predicted on 18 March, Alibaba, the mainland China mega e-commerce company, has filed its initial paperwork for an IPO in New York. Although it is not clear on which exchange the shares will trade, insights and expectations, both positive and negative, are running high. Positive Insights and Expectations The primary focus of positive […]

NYSE Regulation has “determined that the company is no longer suitable for listin” The New York Stock Exchange announced today that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the American Depositary Shares (Each representing six Common Shares, no par value) of Desarrolladora Homex, S.A.B. de C.V. (NYSE:HXM) from the […]

Prudential Bancorp (Nasdaq:PBIP), the holding company for Prudential Savings Bank (the “Bank”), has reported net income of $535,000, or $0.06 per basic and diluted share, for the quarter ended March 31, 2014 as compared to $14,000 or $0.00 per basic and diluted share, for the comparable period ended March 31, 2013. For the six months […]

Stock to begin trading at split-adjusted price May 7 under temporary symbol “SSETD” StarStream Entertainment, Inc. (OTCQB:SSET), announces a reverse split of its outstanding common stock at a ratio of 1-for-3. The reverse stock split will be effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace at the open of business May […]

Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2013 The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2013 have been released by the US Treasury. The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board […]

My day did not end well yesterday. In my ADVFN story, “How Will Weak US Economy Affect Us?” I warned of gloom and doom on the world economic scene as a result of a weak US first quarter.  I pointed to the Dow Jones, the S&P, and the Nasdaq all opening down following the release […]

There are not many happy headlines this morning in the US after markets opened sharply lower on reports that “The U.S. economy slowed in the first quarter to one of the weakest paces of the five-year recovery .” Against an expectation of a 1.1% increase in GDP, the US gained a mere 0.1%. Combine that with […]