Bridgepoint Education, E*Trade, Iridium: U.S. Equity Preview
Stock Chart for Bridgepoint Education Inc (BPI)
Shares of the following companies may have unusual moves in U.S. trading on July 25. Stock symbols are in parentheses.
Boeing Co. (BA) : The world’s second-largest commercial- plane maker said it expects its 787 Dreamliner certification by September.
Bridgepoint Education Inc. (BPI) : The for-profit provider of college classes said in a filing with the U.S. Securities and Exchange Commission that stockholder Warburg Pincus plans to resell 34.6 million shares.
E*Trade Financial Corp. (ETFC US): The online brokerage plans to hire Morgan Stanley (MS) to explore a sale after its largest shareholder, Citadel LLC, said the company needed to take action to reverse “catastrophic losses” for investors.
Iridium Communications Inc. (IRDM) : Whitney Tilson’s T2 Partners disclosed a 10 percent stake in the satellite-services provider, and said it plans to pursue talks with management about capital structure, according to a filing with the SEC. T2 Partners now now holds about 7.04 million shares, up from its previous 6.9 million.
Legacy Reserves (LGCY US): The Midland, Texas-based oil company boosted its quarterly dividend by one cent to 54 cents a unit. That compares with the 53.5 cent Bloomberg estimate.
Loews Corp. (L) : The holding company’s chief executive officer, James Tisch, told CNBC that he doesn’t see any M&A opportunities ‘right now.’
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