Stocks Finish Mixed

(page 2 of 2)

Story Tools

Among companies in the news Monday, Bank of America (BAC) says its board has authorized about $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP).

LDK Solar (LDK) sees second-quarter wafer shipments of 220 megawatts (MW) to 230 MW, vs. previously issued guidance of 200 MW to 220 MW; its sees $215 million-$225 million in second-quarter revenue. The company aslos noted that it had secured a loan in the aggregate principal amount of $73 million, with a term of one year, from The Export-Import Bank of China. It also secured a loan in the aggregate principal amount of $73 million, with a term of three years, from Huarong International Trust Co., Ltd. to support its polysilicon plant construction.

Regis Corp. (RGS) announced that fourth-quarter revenue decreased 2.5% to $625 million, with same-store sales falling 4.0%. The company plans to offer 11.5 million common shares, with underwriters receiving an option to purchase up to an additional 1.725 million common shares. The company also said it intends to offer concurrently $125 million of convertible senior notes due 2014, with underwriters receiving an option to purchase up to an additional $18.75 million.

PepsiCo (PEP) announced that it plans to invest $1 billion in Russia over three years, together with its partner Pepsi Bottling (PBG).