Lakeway, NY -- (SBWIRE) -- 02/27/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Firstmerit Corp (NASDAQ:FMER) shares jumped 2.48% and closed at $15.26 in the last trading session. The company, on Feb. 25, announced the appointment of David J. Lochner as President, FirstMerit Michigan. Lochner will have responsibility for and oversight of FirstMerit’s commercial banking operations in the state of Michigan, pending the closing of FirstMerit’s announced acquisition of Citizens Republic Bancorp. He will report to David G. Goodall, Executive Vice President and Chief Commercial Banking Officer.
Additionally, the company will begin trading ex-dividend on February 28, 2013. A cash dividend payment of $0.16 per share is scheduled to be paid on March 18, 2013. Shareholders who purchased FMER stock prior to the ex-dividend date are eligible for the cash dividend payment.
Get Latest News, Updates on FMER Here
Tellabs, Inc. (NASDAQ:TLAB) shares gained 2.46% to $2.08. Law Offices of Howard G. Smith, on Feb. 16, announced that investors of TLAB have until March 25, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Northern District of Illinois on behalf of a class comprising all purchasers of the securities of Tellabs between October 26, 2010 and April 26, 2011, inclusive.
Additionally, the company, on Feb. 1, announced that for first quarter of 2013, it expects revenue to be in the range of $205-$220 million. Analysts on an average are expecting the Company to report revenue of $220 million for first quarter of 2013.
Is TLAB a Strong Buying Opportunity After The Recent Slump? Find out Here
UBS AG (USA) (NYSE:UBS) shares climbed 2.46% and closed at $15.81. The company, on Feb. 25, announced that the firm has completed its agreed acquisition of Link Investimentos, Brazil's largest independent brokerage firm.Link Investimentos has been at the top of the BM&FBovespa ranking of derivatives transactions for the last 11 years, having traded 217 million contracts in 2012, representing a 16% market share. Also in 2012, Link achieved the second position in the BM&FBovespa ranking of shares transactions, with a total volume of BRL 316,893 million, representing an 8.9% market share. UBS Brasil will also incorporate Link's research department, which has consistently figured in the Central Bank's "Top 5" ranking.
Is UBS Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
Arch Coal Inc (NYSE:ACI) shares jumped 2.46% and closed at $5.42. The company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on March 15, 2013. Shareholders who purchased ACI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that ACI has paid the same dividend.
Additionally, for the period ended Dec. 31, Arch Coal lost $295.4 million, or $1.39 per share. Excluding one-time items, Arch lost 42 cents per share in the quarter. Revenue fell to $968.2 million from $1.23 billion. Analysts expected a loss of 17 cents per share on $999.2 million in revenue.
Get latest News, Updates on ACI Here
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