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Getty Realty shares off, ex-affiliate seeks Ch. 11
NEW YORK (MarketWatch) — Getty Realty Corp.’s GTY -3.18% stock dropped in recent trading following news that its largest revenue source sought Chapter 11 protection Monday.
The real estate investment trust’s stock declined 2.47% to $15 a share, while the overall REIT sector posted modest gains in line with the broader equities.
After a longstanding lease dispute with its former affiliate...
Klever Marketing Leads the Revolution (KLMK)
Klever Marketing continues to lead the revolution. they are at the vanguard of creating a shopping experience that connects the consumer, the grocery retailer and CPG companies like never before.
Since 1999, Klever Marketing has been a pioneer in the industry. Three generations of patented in-store marketing technologies has created a real-time, interactive shopping experience. This has not only benefitted...
Credit Suisse to close U.S. offshore unit
ZURICH — Credit Suisse Group CS -0.09% Thursday said it will close its U.S. offshore unit Credit Suisse Private Advisors as part of plans to boost the profitability of its private banking activities.
The unit, a U.S. registered broker dealer and investment adviser, will be integrated into Credit Suisse’s private banking unit in the U.S.
Ten advisers will be affected by the changes at the...
MoneyGram prices public offering at 4.6% discount
MoneyGram International Inc.’s MGI -.00% public offering of 9.25 million shares priced at $16.25 each, a 4.6% discount to Thursday’s close.
The payment-services provider won’t receive any proceeds from the offering.
MoneyGram on Monday announced plans to effect a 1-for-8 reverse stock split to reduce the number of shares outstanding to 49.8 million.
The company reported last month...
Brown-Forman raises quarterly dividend by 9.4%
Brown-Forman Corp. (BFA, BFB) increased its quarterly dividend 9.4%, marking the 28th consecutive year it has increased its annualized payout.
Many companies have been looking for ways to attract shareholders recently, including higher dividends and stock repurchases. Brown-Forman, whose brands include Jack Daniel’s whisky and Finlandia vodka, is in the process of buying back up to $250 million...
Youku.com loss narrows as revenue surges
Youku.com Inc.’s YOKU -14.11% third-quarter loss narrowed the Chinese online television company reported its revenue more than doubled.
However, American depositary shares fell 16% to $17.26 in recent after-hours trading as the company’s net loss missed analyst expectations.
“Internet television is a young and evolving space with tremendous opportunities,” said Chairman and...
Rayonier taps operating chief CEO in transition
Rayonier Inc. REIT RYN +1.92% said Chief Operating Officer Paul G. Boynton will take over as chief executive of the timber real-estate investment trust on Jan. 1, part of what his predecessor called a “well-planned transition.”
Chairman and Chief Executive Lee M. Thomas will continue to head the board until his retirement in May, at which point Boynton will assume that role as well.
“This...
North Anna nuke plant ready to restart: Dominion
WASHINGTON (MarketWatch) — Dominion Resources Inc. D -0.37% says its North Anna nuclear plant is ready to restart following an Aug. 23 earthquake in central Virginia that forced it to shut down.
After conducting several inspections of the nuclear plant, Dominion has “found no damage whatsoever that could preclude operation,” David Heacock, president of Dominion Nuclear, said during...
Samsung to unveil new Android phone
SEOUL (MarketWatch) — Samsung Electronics Co. and Google Inc. GOOG +6.31% are set to unveil the newest smartphone running on the latest version of the Android operating system on Oct. 19 in Hong Kong, the Korean company said in an invitation letter sent to reporters.
The phone is expected to be powered by Google’s latest Android software platform, known as Ice Cream Sandwich, which was...
Microsoft strikes patent agreement with Quanta
Microsoft Corp. MSFT -0.11% has struck a deal with Quanta Computer Inc. giving patent coverage to Quanta devices running platforms from Google Inc. GOOG +6.31% , the latest in a series of such deals inked by the software giant.
Microsoft has claimed Google’s Android operating system uses its patented technologies, and fellow tech giant Apple Inc. (AAPL) has made similar claims. Google and its...

