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Home Depot (NYSE:HD): As part of National Consumer Week, Attorney General Eric T. Schneiderman announced a settlement with Home Depot USA, Inc. (NYSE:HD) for selling trailers that did not comply with NYS Vehicle and Traffic Law. Specifically in 2011, Home Depot sold overweight 6′ x 12′ trailers without any brakes, in violation of New York State Law. As part of the settlement, Home Depot agreed to pay $100,000 in penalties, fees and costs. The shares closed at $48.10, up $0.28 or 0.59% on the day. They have traded in a 52-week range of $28.13 to $48.07.
Comcast Corp. (NASDAQ:CMCSK): “Dr. Seuss’ The Lorax,” which is distributed by Comcast’s (NASDAQ:CMCSA) Universal Pictures, is expected to upstage “John Carter,” Walt Disney Studios’ (NYSE:DIS) $250M-plus fantasy epic, at the weekend box office, the LA Times reports. “John Carter” could bring in up to $40M this round, but pre-release audience surveys suggest the movie may only sell $20M-425M worth of tickets over the three-day period. The shares closed at $29.33, up $0.23 or 0.79% on the day. They have traded in a 52-week range of $18.74 to $29.26.
Discover Financial (NYSE:DFS): Tree.com said in a regulatory filing that Discover Bank, a wholly-owned subsidiary of Discover Financial Services (NYSE:DFS), paid $3M of the purchase price due under the asset purchase agreement between the companies in May 2011. Discover Bank also exercised its right under the asset purchase agreement as amended to extend the end date from March 7 to July 6. No further extensions of the July 6 end date are permitted under the asset purchase agreement, Tree said. Under the terms of the asset purchase agreement as amended, $5M of extension payments previously paid by Discover Bank are credited toward the purchase price of $55.9M $37.9M is due upon the closing of the transaction and $10M is due on the first anniversary of the closing. Tree.com expects the transaction to close mid-2012. The shares closed at $30.61, up $0.23 or 0.76% on the day. They have traded in a 52-week range of $20.51 to $30.85.
Ceco Environmental (NASDAQ:CECE): CECO Environmental announced that its board is raising its quarterly cash dividend by forty percent to 3.5c per share from the previous quarterly dividend of 2.5c per share. The dividend will be paid on March 30 to all shareholders of record at the close of business on March 20. The shares closed at $7.93, up $0.53 or 7.16% on the day. They have traded in a 52-week range of $4.98 to $8.05.
El Paso Corp. (NYSE:EP): Based on preliminary results, approximately 79% of El Paso’s (NYSE:EP) outstanding shares of common stock as of the record date were voted at the special meeting. Of the shares that were voted, more than 95% voted in favor of the merger with Kinder Morgan (NYSE:KMI). The shares closed at $29.40, up $0.66 or 2.3% on the day. They have traded in a 52-week range of $16.01 to $28.80.
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