Kolkata, West Bengal -- (SBWIRE) -- 09/18/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Cemex SAB de CV (ADR) (NYSE:CX), Walgreen Company (NYSE:WAG), Regions Financial Corporation (NYSE:RF).
Cemex SAB de CV (ADR) (NYSE:CX) shares gained 0.96% to $11.51. CEMEX (CX) and Concrete Supply Co. on Sept. 9 announce that they have entered into an agreement to form a joint venture company. The joint venture company will be known as Concrete Supply Co., LLC. With a production capacity of 2 million cubic yards, the new joint venture will be a leading concrete producer in North and South Carolina.
The joint venture will be majority owned by Concrete Supply Holdings Co. who will act as the managing member. The transaction is expected to close later this year.
Additionally, the company on August 19 announced that holders of approximately U.S.$1.33 billion of the outstanding 9.50% Senior Secured Notes due 2016 issued by CEMEX Finance LLC tendered their Notes at or prior to the early tender deadline of 5:00 p.m., New York City time, on August 16, 2013, pursuant to CEMEX's previously announced cash tender offer to purchase up to U.S.$925 million (the “Maximum Tender Amount”) of the outstanding Notes. The cash tender offer is being made pursuant to the offer to purchase dated August 5, 2013 and the related letter of transmittal.
Should Investors Buy CX After Yesterday’s Jump? Find Out Here
Walgreen Company (NYSE:WAG) shares jumped 0.26% to $54.92. The company will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over Obamacare is accelerating a historic shift in corporate health-care coverage.
Walgreen’s decision affects about 160,000 current employees and follows similar action this year by Sears Holdings Corp. (SHLD:US) and Darden Restaurants Inc. (DRI:US)
Additionally, WAG’s stock was upgraded by research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a report released on Sept. 12.
Moreover, the company on Sept. 11 announced the latest updates to its iPhone mobile app that allows users to create photo cards with special themes such as thank you, holidays, announcements and invitations. Unique collages also can be created directly from an iPhone. Walgreens is the first retailer to provide the ability to create collage prints using a mobile device and pick them up in about an hour. Photos for these creations easily can be uploaded from the user's phone, Facebook or Instagram albums.
How Should Investors Trade WAG After The Recent Volatility? Get Free Trend Analysis Here
Regions Financial Corporation (NYSE:RF) stock gained 0.52% to $9.64. In support of the 50 Years Forward commemoration of the civil rights movement events of 1963 in Birmingham, Regions Financial Corporation (NYSE:RF) on Sept. 11 said it is hosting a panel discussion focused on the past, present and future of civil and human rights. The event will be webcast and available to the public on regions.com.
Additionally, In support of National Preparedness Month, Regions Financial on Sept. 3 said it is helping customers and communities take action and be prepared for emergencies and disasters. Throughout September, Regions will offer financial preparedness tools and tips and provide a platform for bank associates and customers to share their stories about emergency preparedness.
Is RF A Good Buy After The Recent Price Movement? Find Out Here
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