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Piedmont Natural Gas Company Inc. (NYSE:PNY) unveiled on Friday that its fiscal Q3 loss has narrowed, with assistance by, added utility customers and lesser costs for natural gas. For the quarter that ended on July 31, Piedmont declared a loss totalling $4.6 million, or 6 cents a share, evaluated with a $8.7 million loss, or 12 cents per share, in the same quarter the previous year. The loss was smaller than anticipated by Wall Street. On average, analysts estimated a loss of 8 cents per share, according to a FactSet poll. Shares of Piedmont Natural Gas Company Inc. are trading 0.50% higher today.
Bank of America Corporation (NYSE:BAC): Many major U.S. banks are now reviewing executive pay in the midst of soft financial-industry performance, weak economic growth, and widespread cost-cutting, according to the Wall Street Journal. Directors at J.P. Morgan Chase (NYSE:JPM) and Citigroup (NYSE:C) are searching for new approaches to compensation, in a response to several management mistakes during the year, sources claim. Shares of Bank of America Corporation are trading 1.02% higher today.
Alexandria Real Estate Equities Inc. (NYSE:ARE) quarterly dividend has been increased by the board to 53c per share for Q3, which is a 4 percent increase from the previous quarterly dividend. The dividend will be payable on October 15 to shareholders of record as of September 28. Shares of Alexandria Real Estate Equities Inc. are trading 0.48% lower today.
Toyota Motor Corporation (NYSE:TM) will struggle to regain its former dominance as it faces improved competition globally. Although the company’s profits are increasing, and it remains on pace to regain the global sales lead this year, its shares are not as highly valued as they were prior to the crises and the resurgence of U.S. rivals, Bloomberg reports. Shares of Toyota Motor Corporation are trading 0.34% higher today.
GMAC LLC (NYSE:GOM): Oklahomans who lost their homes due to foreclosure or who were harmed by deceptive banking practices during the nation’s housing crisis have until Thursday to apply for part of an $18.6 million settlement with the nation’s largest lenders. Oklahoma’s settlement includes the same five lenders who were involved in the national agreement: Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, and GMAC. Shares of GMAC LLC are trading 0.034% lower today.
Don’t Miss: Toyota’s Plan for the Future.
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