Torchmark Corp. (NYSE:TMK) reported that for the quarter ended March 31, 2011, net income was $1.33 per share, compared with $1.46 per share for the year-ago quarter. Net operating income for the quarter was $1.62 per share, a 7% increase compared with $1.52 per share for the year-ago quarter.
Torchmark Corporation, through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households. It offers various life insurance products, including traditional and interest sensitive whole-life insurance, term life insurance, and other life insurance.
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Genco Shipping & Trading Ltd (NYSE:GNK) announced that it will hold a conference call to discuss the Company’s results for the first quarter of 2011 on Wednesday, May 4, 2011 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2011 on Tuesday, May 3, 2011 after the close of market trading.
Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes.
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American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings.
American Video Teleconferencing Corp. recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp. (DeBeers) in Africa and Benguet Cons. in the Philippines.
Rare earth metals and alloys that contain them are used in many devices that people use every day such as: computer memory, DVD’s, rechargeable batteries, cell phones, car catalytic converters, magnets, fluorescent lighting and much more. Many rechargeable batteries are made with rare earth compounds. Demand for the batteries is being driven by demand for portable electronic devices such as cell phones, readers, computers and cameras. Several pounds of rare earth compounds are in batteries that power electric vehicles and hybrid-electric vehicles. As concerns for energy independence, climate change and other issues drive the sale of electric vehicles the demand for batteries made with rare earth compounds will climb even faster.
American Video Teleconferencing Corp is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
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TCF Financial Corporation (NYSE:TCB) announced, following its annual meeting, that TCF stockholders elected fifteen directors, approved an increase in the number of authorized shares reserved for issuance under the TCF Employees Stock Purchase Plan - Supplemental Plan, approved revised and additional performance criteria under the TCF Performance-Based Compensation Policy, approved revised and additional performance criteria under the TCF Financial Incentive Stock Program, approved an Amended and Restated Certificate of Incorporation to eliminate supermajority voting requirements, voted in favor of TCF’s executive compensation, and voted in favor of the appointment of KPMG LLP as independent registered public accountants for the fiscal year ending December 31, 2011. Stockholders also elected to vote on executive compensation on an annual basis.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking services in the United States and Canada. It offers various deposit products, including consumer, small business, and commercial demand deposit accounts; interest-bearing checking accounts; money market accounts; regular savings accounts; certificates of deposit; and retirement savings plans.
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