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United Dominion Realty Trust, Inc. (NYSE:UDR) posts second quarter revenue of $177.48 million, compared to a consensus of $182.92 million, while same-store revenue rose by 5.6 percent year-over-year. Shares closed down 0.19 percent at $26.88, and have been traded in a 52-week range of $20.04 to $27.23.
Unilever Plc (NYSE:UL) reports that it will divest its North America frozen meals division to ConAgra Foods, Inc. (NYSE:CAG) for a total cash amount of $265 million, in a transaction that should close the third quarter of this year. The divested unit consists of a full range of premium, multi-serve frozen entrees and appetizers under the well-known brand names of Bertolli and P.F. Chang’s. The transaction does not include Unilever’s installation in Owensboro, Ky., at which the Bertolli and P.F. Chang’s frozen meals are currently manufactured. The firm said that its decision to sell its North American frozen meals business is in line with its worldwide strategy to leave behind the frozen foods business. Shares closed up 0.45 percent on the day at $35.72, and have traded in a 52-week range of $29.73 to $35.79.
U.S. Bancorp (NYSE:USB): The United States Congress is being lobbied by banks to extend the special type of deposit insurance that covers all deposits, even those above $250,000, which the Federal Deposit Insurance Corp. now covers, says Reuters. The special insurance expires at the end of 2012, and without it banks are worried that some firms could withdraw billions from their accounts. Shares closed down 0.5 percent on the day at $33.75, and have been traded in a 52-week range of $20.10 to $34.09.
Xcel Energy Inc. (NYSE:XEL): General Electric Company (NYSE:GE) Chief Executive Jeff Immelt believes that energy economics are making it “a gas and wind world today, with nuclear power becoming really hard to justify,” says the Financial Times. Shares closed up 0.44 percent on the day at $29.58, having traded in a 52-week range of $21.20 to $29.52.
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