Apple REIT
As it has several times over the last couple of years, California financial firm MacKenzie Capital Management is pitching Apple REIT shareholders to sell their shares. The firm solicited shareholders of Apple REITs Seven and Eight. It offered to buy up to 1 million shares of Seven at $5.50 per share and 1 million of Eight at $4 per share. Apple REIT is in the midst of trying to merge its funds Seven, Eight and Nine into one giant REIT fund.
Genworth Financial (GNW)
The company increased the size of its board to 10 directors and elected Melina E. Higgins to serve as a new independent director. Higgins, 45, retired in 2010 from Goldman Sachs. She received a B.A. in economics and Spanish from Colgate University and an M.B.A. from Harvard Business School.
James River Coal (JRCC)
The company said it idled coal production at several of its mines in Central Appalachia due to continued weakness in the domestic and international coal markets. The idling will result in approximately 525 full-time employees being furloughed. It said the restart date on the mines is unknown and subject to the coal market.
Apple REIT
As it has several times over the last couple of years, California financial firm MacKenzie Capital Management is pitching Apple REIT shareholders to sell their shares. The firm solicited shareholders of Apple REITs Seven and Eight. It offered to buy up to 1 million shares of Seven at $5.50 per share and 1 million of Eight at $4 per share. Apple REIT is in the midst of trying to merge its funds Seven, Eight and Nine into one giant REIT fund.
Genworth Financial (GNW)
The company increased the size of its board to 10 directors and elected Melina E. Higgins to serve as a new independent director. Higgins, 45, retired in 2010 from Goldman Sachs. She received a B.A. in economics and Spanish from Colgate University and an M.B.A. from Harvard Business School.
James River Coal (JRCC)
The company said it idled coal production at several of its mines in Central Appalachia due to continued weakness in the domestic and international coal markets. The idling will result in approximately 525 full-time employees being furloughed. It said the restart date on the mines is unknown and subject to the coal market.