Oi SA (ADR) (NYSE:OIBR), in compliance with article 157, paragraph 4 of Law No. 6,404/76 and CVM Instruction No. 358/02 and, in addition to the Material Fact dated as of March 27, 2014, notifies its shareholders and the market in general that as of the date hereof, Oi received the Official Letter No. 153/2014 from the Brazilian Securities Commission (Comissao de Valores Mobiliarios – CVM) (“CVM”), whereby the CVM informed Oi of the revocation of the suspension of Oi’s public offering, whose request for registration is under review by the CVM (the “Offering”). Oi SA (ADR) (NYSE:OIBR) shares after opening at $1.34 moved to $1.37 on last trade day and at the end of the day closed at $1.30. Company price to sales ratio in past twelve months was calculated as 0.15. Oi SA (ADR) (NYSE:OIBR)showed a negative weekly performance of 13.33%.
Russian Hill Capital, LP (“Russian Hill”), would like to make investors aware of new language that The Bank of New York Mellon Trust Company (the “Trustee”) has included in the latest annual report for Whiting USA Trust. (NYSE:WHX). Russian Hill believes that the following new language from WHX’s annual report is an acknowledgement that WHX is overpriced and that investors bear significant risk: ” To the extent that the Trust units are trading at a price substantially in excess of the aggregate distributions that may be reasonably expected to be made prior to the termination of the Trust, the market price decline in Trust units is likely to include one or more abrupt substantial decreases.” Whiting USA Trust. (NYSE:WHX) shares advanced 6.32% in last trading session and ended the day on $2.69. Whiting USA Trust. (NYSE:WHX) return on equity ratio is recorded as 109.30% and its return on assets is 109.30%. Whiting USA Trust. (NYSE:WHX) yearly performance is –41.01%.
General Cable Corp. (NYSE:BGC) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $28.00 price objective on the stock, down from their previous price objective of $34.00. DA Davidson’s target price would suggest a potential upside of 9.33% from the company’s current price. General Cable Corporation. (NYSE:BGC) shares moved down 1.02% in last trading session and was closed at $25.35, while trading in range of $ 25.10 – 25.60. General Cable Corporation. (NYSE:BGC) year to date (YTD) performance is -13.80%.
Neustar Inc. (NYSE:NSR) announced that the U.S. Department of Commerce has awarded the company the contract to continue administering the .US Top Level Domain (TLD), the official country code domain of the United States. Neustar has successfully administered this critical domain since 2001, when the Department of Commerce first selected the company to build and manage the new domain. Neustar Inc. (NYSE:NSR) weekly performance is -2.84%. On last trading day company shares ended up $33.48. Neustar Inc. (NYSE:NSR) distance from 50-day simple moving average (SMA50) is -8.12%. Analysts mean target Price for the company is $44.20.
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