Key Catalysts Driving 4 Active Stocks Among Traders Friday
Bank of America Corporation (NYSE:BAC): Bank of America has announced that it is calling for full redemption on its June 15, 2012 remaining principal on its outstanding 5.875% Subordinated InterNotes due December 15, 2033. The Notes will be redeemed at a price equal to 100 percent of the principal amount plus unpaid interest accrued to June 15, 2012. Only the remaining right of Notes holders will receive the redemption price.
Investing Insights: What are Hedge Funds Doing With Gold?
TripAdvisor (NASDAQ:TRIP): TripAdvisor, spun off from Expedia (NASDAQ:EXPE) in December before its IPO, has its stock currently trading at $41 a share. Now its content partner, travel search company Kayak.com, is getting ready for its own IPO, reported AllThingsD, after putting it off for 18 months. Kayak could kick off its roadshow as early as Monday and may seek up to $150 million with a $1 billion valuation.
Peabody Energy (NYSE:BTU): Peabody Energy announced the lease of 402 million tons of ultra low sulfur coal reserves adjacent to its Wyoming North Antelope Rochelle Mine. It submitted a $1.11 per mineable ton bid for control of the South Porcupine reserve area. The company plans to incorporate the five-square-mile block into its mine plan for NARM following a permitting process.
Yahoo Inc. (NASDAQ:YHOO): Ross Levinsohn, Yahoo’s (NASDAQ:YHOO) interim CEO, is reorganizing the company’s new consumer-commerce division, reported the Associated Press. It will now operate within the company’s global media team instead of as its own division. Sam Shrauger, who was overeeing the division, will leave Yahoo after just one month.
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