News / Finance
WFWS - Morning Movers - First Industrial Realty Trust,FR - Cowen Group, Inc.,COWN - Conn's, Inc.,CONN
First Industrial Realty Trust - Cowen Group, Inc - Conn's, Inc.
First Industrial Realty Trust,FR
First Industrial Realty Trust, Inc. operates as a real estate investment trust. The company engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate properties. As of December 31, 2007, its in-service portfolio included 403 light industrial properties, 125 research and development/flex properties, 162 bulk warehouse properties, 89 regional warehouse properties, and 25 manufacturing properties containing approximately 64 million square feet of gross leasable area located in 28 states in the United States and 1 province in Canada. The company has elected to be taxed as a REIT and would not be subject to federal income tax, provided it distributes 90% of its taxable income to its shareholders. First Industrial Realty Trust was founded in 1993 and is headquartered in Chicago, Illinois.
Last Trade: 5.55
Day's Range: 4.30 - 5.59
52wk Range: 1.76 - 33.17
Volume: 882,541
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Cowen Group, Inc.,COWN
Cowen Group Inc agreed to merge with privately held asset manager Ramius LLC, three months after its rival Rodman & Renshaw Capital Group Inc (RODM.O) terminated an offer to buy the specialized investment bank.
Cowen shares rose to $7 in early trade Thursday on Nasdaq.
Based on Cowen's Wednesday closing price of $4.84, the deal is valued at about $194.8 million.
ABOUT
Cowen Group, Inc., together with its subsidiaries, operates as an investment bank. It provides research, brokerage, and investment banking services to companies and institutional investor clients primarily in the healthcare, technology, telecommunications, alternative energy, consumer, and aerospace and defense sectors in the United States and internationally. It primarily trades common stocks and listed options on behalf of its clients and has relationships with approximately 1,000 institutional investor clients. The company also provides strategic advisory and capital raising services to public and private companies. In addition, Cowen Group offers traditional asset management services to institutional and other accredited investors; and alternative asset management services, including investments in commercial-stage biopharmaceutical products and companies, and managing a portfolio of middle market private equity investments for third party investors. Cowen Group was founded in 1918 and is headquartered in New York, New York with additional offices in Boston, San Francisco, and London.
Last Trade: 6.00
Day's Range: 5.49 - 7.00
52wk Range: 3.54 - 10.50
Volume: 644,868
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Conn's, Inc.,CONN
The retailer Conn's Inc. said Thursday that its first-quarter profit climbed 8.7 percent, thanks to stronger sales of its electronics and mattresses.
For the three months ended April 30, the retailer earned $11.5 million, or 51 cents per share, up from $10.6 million, or 47 cents per share, a year ago.
Revenue climbed 5.8 percent to $231.3 million from $218.6 million a year ago as sales of electronics, furniture and mattresses helped offset weak sales in the company's lawn and garden business.
ABOUT
Conn's, Inc., through its subsidiaries, operates as a specialty retailer of home appliances and consumer electronics in the United States. It sells home appliances, including refrigerators, freezers, washers, dryers, and dishwashers; and various consumer electronics, such as camcorders, digital cameras, computers and computer accessories, Blu-ray and DVD players, video game equipment, portable audio, MP3 players, GPS devices, and home theater products, as well as LCD, plasma, and DLP televisions. The company also offers home office equipment, lawn and garden equipment, mattresses, and furniture. In addition, Conn"s sells its products online through its Web site, www.conns.com. As of January 31, 2009, it operated 75 retail and clearance stores located in Texas, Louisiana, and Oklahoma. The company was founded in 1890 and is headquartered in Beaumont, Texas.
Last Trade: 12.18
Day's Range: 11.50 - 12.38
52wk Range: 4.64 - 25.27
Volume: 466,021
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