Orlando, FL -- (SBWIRE) -- 10/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On DDR Corp (NYSE:DDR), Cliffs Natural Resources Inc(NYSE:CLF).
DDR Corp (NYSE:DDR) shares declined 2.40% to $15.84. The company on Oct. 1 announced the closing of its previously announced acquisition of a portfolio of 30 prime power centers from its existing joint venture with Blackstone Real Estate Partners VII L.P. ("Blackstone"), as well as the settlement of its forward equity sale. The investment was funded through a combination of proceeds from the issuance of new common equity and unsecured debt, preferred equity and mezzanine loan repayments, and the assumption of existing mortgage debt.
Are investors worried about the recent updates with DDR? Find out with a free trend analysis HERE
Cliffs Natural Resources Inc(NYSE:CLF) shares decreased 1.96% to $21.03. The company on Sept. 30 announced that its Board of Directors has elected Stephen M. Johnson, 62, chairman, president and chief executive officer of McDermott International, Inc. to Cliffs Board. The appointment is effective Oct. 1, 2013. He will be a member of the Board's Audit Committee and the Governance and Nominating Committee. With the addition of Mr. Johnson, Cliffs' Board will be comprised of a total of 11 directors.
Additionally, the company said it intends to announce unaudited 2013 third-quarter financial results after the U.S.-market close Thursday, Oct. 24, 2013.
Is CLF going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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