Doral Financial Corporation (NYSE: DRL) reached up 11.20% in morning trading to $.9899 with 900K shares traded. Doral Financial Corporation (NYSE: DRL ) is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries, Doral Bank ("Doral Bank PR"), Doral Insurance Agency, Inc., and Doral Properties, Inc. Doral Bank PR operates in Puerto Rico, the New York metropolitan area and the northwest region of Florida. Doral Bank PR also operates Doral Mortgage LLC ("Doral Mortgage"), Doral Money, Inc. ("Doral Money"), three wholly-owned subsidiaries, that engage in commercial and middle market lending primarily in the New York metropolitan area, and CB, LLC, an entity formed to dispose of a real estate project of which Doral Bank PR took possession during 2005. Doral Money consolidates two variable interest entities created for the purpose of entering into a collateralized loan arrangement with a third party. Effective on October 1, 2011, Doral Bank, FSB was merged with and into Doral Bank PR. Doral Healthcare Finance ("DHF"), a division of Doral Money, Inc., announced Wednesday it has provided a three year $3.0 million revolving line of credit to Recovery Home Care ("RHC"). Proceeds from the transaction will be used for general growth and to pay off existing debt.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) reached up 13.75% in morning trading to $.91 with 50K shares traded. Ku6 Media Co., Ltd. is a leading internet television company in China . Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides video information services and entertainment in China. Ku6 Media Co., Ltd. (Nasdaq: KUTV) today announced that its Board of Directors have authorized the Company to repurchase up to an aggregate of $3.2 million of its outstanding American Depositary Shares ("ADSs") from time to time following the date hereof, based on market conditions.
CAMAC Energy Inc. (NYSE Amex: CAK) reached up 18.17% in morning trading to $1.04 with 600K shares traded. CAMAC Energy Inc. is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company currently has operations in Nigeria and, through its Pacific Asia Petroleum subsidiaries, in China. The Company's principal assets include interests in OML 120 and OML 121, offshore oil leases in deepwater Nigeria that started production from the Oyo Oilfield in December 2009, and a 100% interest in the Zijinshan Block gas asset located in the Shanxi Province, China. CAMAC Energy Inc. (NYSE Amex: CAK) today announced that it has been informed that Nigerian Agip Exploration (“NAE”),[ a subsidiary of Eni SpA (“Eni”)], its partner in Nigerian OMLs 120 and 121 (the “OMLs”), has signed a definitive agreement to divest its 40% working interest in the OMLs to Allied Energy PLC (“Allied”), an affiliate of the Company’s largest shareholder. According to NAE, the transaction is subject to customary conditions for closing and is expected to conclude during the first quarter of 2012.For a detailed quote on any of the following companies, or to read the full news articles visit PennyTrader.com
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