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Rentech, Inc.(NYSE:RTK)shares climbed 3.99% to $2.73 after the company today announced plans to cease operations at, reduce staffing at, and mothball its research and development (R&D) Product Demonstration Unit (PDU), in Commerce City, CO, and to eliminate all related R&D activities. The Company's strategy is focused on more immediate growth opportunities within the energy industry that do not rely on new technologies.
Additionally, the company, on Jan. 22, announced that it will hold its 2012 4th quarter and year end conference call on Tuesday, March 19, 2013 at 11:00 a.m. PST, during which time ( Rentech's ) senior management will review the Company's financial results for the period and provide update on the business.
Can RTK Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
AT&T Inc. (NYSE:T) stock jumped 0.84% to $36.15. The company invested more than $150 million in its West Virginia wireless and wireline networks from 2010 through 2012, with a focus on expanding 4G mobile Internet coverage and enhancing the overall performance of its networks.
Additionally, AT&T yesterday announced an agreement with OnStar, LLC, a subsidiary of General Motors Corporation (GM), to wirelessly deliver an enhanced suite of safety, security, diagnostic and infotainment services to most Chevrolet, Buick, GMC and Cadillac vehicles, beginning in 2014 in the United States and Canada.
How Should Investors Trade T After The Recent Volatile Moves? Find Out Here
Bank of America Corp (NYSE:BAC) shares gained 0.22% to $11.32. The company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on March 22, 2013. Shareholders who purchased BAC stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company is hiring Will Abbott, former co-head of equities at Renaissance Capital, as the U.S. bank rebuilds its Russian business, according to two people with knowledge of the matter yesterday.
Is BAC Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
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