NEW YORK, January 29, 2013 – The Western Union Company (NYSE: WU) shares fell 0.14% to $14 in pre-market hour after Western Union Business Solutions, a unit of the WU, a leader in global payment services, announced the launch of new offices in Frankfurt, Germany and Vienna, Austria. Dedicated teams will bring improved international payments services to companies and organizations that operate internationally in both markets, particularly in the SME sector.
Additionally, Standpoint Research began coverage on shares of The Western Union in a research note issued to investors yesterday. The firm issued a buy rating and a $19.00 target price on the stock.
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Sears Holdings Corporation (NASDAQ: SHLD) announced that the 2013 annual meeting of stockholders will be held at the Company's headquarters in Hoffman Estates, Ill., on Wednesday, May 1, 2013. In addition, the Company announced that March 7, 2013, has been fixed as the record date for determination of the stockholders of the Company entitled to notice of and to vote at the annual meeting of stockholders.
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Hess Corp. (NYSE: HES) shares gained 7.25% to $67.01 in the pre-market hour after the company yesterday announced that Elliott Associates, L.P. and its associated entity Elliott International Limited notified Hess this past Friday in writing that they intend to file a Hart-Scott-Rodino Notification and Report Form seeking regulatory clearance to acquire additional Hess shares beyond those they may already own, if any. The correspondence suggests that Elliott may seek to acquire shares valued at more than $800 million.
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AK Steel Holding Corporation (NYSE: AKS) stock climbed 4.87% to $4.31 in the pre-market hour after the company reported a net loss of $230.4 million, or $1.89 per diluted share of common stock, for the fourth quarter of 2012, as compared to a net loss of $193.9 million, or $1.76 per diluted share, for the fourth quarter of 2011. Net sales for the fourth quarter of 2012 were $1.42 billion on shipments of 1,406,100 tons, compared to sales of $1.51 billion on shipments of 1,409,900 tons for the year-ago fourth quarter.
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Zynga Inc (NASDAQ: ZNGA) stock fell 1.06% to $2.81 in the pre-market hour. The company will hold a conference call to discuss financial results for its fourth quarter and full year 2012 on Tuesday, February 5, 2013, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), following the release of its financial results after the close of market.
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