ATHENS, Greece _ Diana Shipping inc. on Wednesday reported a loss of $7.7 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Diana Shipping shares have climbed 3 percent since the beginning of the year.» Read More
WASHINGTON, Oct 11- The cost of sending a letter in the United States will go up by a penny next year, the cash-strapped U.S. Postal Service said on Thursday. The Postal Service will also offer a new, global Forever stamp starting next year, which customers can use to send letters anywhere in the world for a set price of $1.10.
NEW YORK-- Moody's Analytics' chief economist thinks the U.S. economy could revive next year and cause the pace of growth to roughly double from its current rate by 2014-- unless Washington runs right over the "fiscal cliff" next year. Zandi's brighter outlook for the next two years assumes Congress and the White House tackle "fiscal issues," he writes.
*Bruce Bent takes Manhattan federal court witness stand. The U.S. Securities and Exchange Commission sued Bent, his son Bruce Bent II and their family-run Reserve Management firm in 2009, saying they lied to investors about the safety of their money after Lehman Brothers filed for bankruptcy on Sept. 15, 2008, intensifying a global financial crisis.
Oct 12- Fortescue Metals Group Ltd:. *Senior secured credit facility distribution. *The offering initially launched at US $4.5 billion is expected to be upsized.
Oct 12- Moody's Investors Service assigned first-time ratings to Gulfport Energy Corporation including a B3 Corporate Family Rating and a B3 rating to Gulfport's proposed $250 senior unsecured notes.
Oct 11- Cloud-based human resources software company Workday Inc priced its initial public offering at $28 a share on Thursday, above its expected range, an underwriter said.
*Receives new extension to creditor protection. *Court granted order extending its creditor protection until October 15 in. order to secure additional dip financings.
FRANKFURT, Oct 10- The European Central Bank will not cave in to market pressure and buy bonds of euro zone governments whose borrowing costs have reached unsustainable levels if the country does not comply to the ECB's rules, Executive Board member Benoit Coeure said.
Oct 11- Estrella Gold Corp:.
Bill Haslam was asked at the Southern Automotive Conference on Thursday about what steps are being taken to keep investments from moving abroad, especially in light of a recent decision by German automaker Audi to build its first North American plant in Mexico. Audi is a Volkswagen subsidiary.
Oct 11- China Nepstar Chain Drugstore Ltd:.
CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.
Oct 11- Highwoods Properties Inc:. *Extends $200 million term loan until January 2018. *Source text The loan, which was originally scheduled to mature on February 25, 2016, is now scheduled to mature on January 12, 2018.
Oct 11- New America High Income Fund Inc:. *The New America High Income Fund Inc enters into credit facility to finance. redemption of outstanding auction term preferred stock.
Oct 11- LinnCo LLC, an affiliate of oil and gas company Linn Energy LLC, priced its initial public offering at $36.50 each, raising about $1.10 billion, an underwriter said. LinnCo said it will use the proceeds to buy as many units from Linn Energy as the number of shares it sold in the IPO. Linn Energy, in turn, intends to use the proceeds to repay debt.
*LinnCo LLC prices IPO of 30.25 million common shares at $36.50 per.
BOSTON-- Iron Mountain Inc. on Thursday declared a special dividend of $700 million as part of its planned conversion into a real estate investment trust. The dividend will be paid Nov. 21 to shareholders of record on Oct. 22, and shareholders can choose to receive payment in the form of stock or cash.
Oct 12- Moody's Investors Service assigned B2 ratings to PQ Corporation's proposed $1.25 billion first lien senior secured credit facilities and a Caa1 rating to its proposed $720 million second lien senior secured notes.
*International goldfields ltd- igs and Santa Fe Gold Corporation merger. *International goldfields says proposed merged entity will have a market. capitalisation of A $70 million.