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IO

ION Geophysical

$7.35

-0.1 (-1.34%)

16:57
11/18/16
11/18
16:57
11/18/16
16:57

ION announces order in WesternGeco case cutting appeal bond to $65M

ION Geophysical Corporation announced that on November 14, 2016, the trial court issued an order in the previously-reported lawsuit of WesternGeco L.L.C. v. ION Geophysical Corporation that reduced the amount of the appeal bond from $120M to $65M, ordered the sureties to pay principal and interest on the royalty previously awarded in the amount of approximately $22M and declined to issue a final judgment until after consideration of whether enhanced damages should be awarded in the case. Brian Hanson, ION's Chief Executive Officer, commented, "While we were disappointed with the unusual decision by the trial court ordering the sureties to pay the royalty damages and interest without a final judgment, we intend to respect the trial court's decision by transferring up to $22M to WesternGeco in lieu of having WesternGeco exercise its remedies against the sureties. It comes at a time where we have both right sized our business and built sufficient liquidity of approximately $80M to both fund this payment and support normal business operations."

TODAY'S FREE FLY STORIES

GE

General Electric

$18.17

-0.595 (-3.17%)

10:35
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10:35
Periodicals
GE breakup likely, announcement may come this Spring, CNBC reports »

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C

Citi

$77.56

0.715 (0.93%)

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Breaking Hot Stocks news story on Citi »

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10:33
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Conference/Events
UBS leisure analyst holds an analyst/industry conference call »

Leisure Analyst Farley…

ITRN

Ituran

$35.30

1.25 (3.67%)

10:33
01/16/18
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Conference/Events
Ituran management to meet with Jefferies »

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C

Citi

$77.50

0.66 (0.86%)

10:33
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Breaking Hot Stocks news story on Citi »

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AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

, UBS

UBS

$19.62

0.03 (0.15%)

10:32
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AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

UBS

UBS

$19.62

0.03 (0.15%)

CS

Credit Suisse

$19.04

0.08 (0.42%)

NTR

Nutrien

$53.31

-0.12 (-0.22%)

CBM

Cambrex

$52.80

1.15 (2.23%)

DRNA

Dicerna

$8.42

-0.01 (-0.12%)

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  • 24

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UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

, UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

10:32
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UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

VZ

Verizon

$51.84

-0.023 (-0.04%)

LMT

Lockheed Martin

$336.31

0.06 (0.02%)

COL

Rockwell Collins

$138.14

0.31 (0.22%)

SAVE

Spirit Airlines

$47.19

-1.07 (-2.22%)

FNSR

Finisar

$22.74

0.48 (2.16%)

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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

, TWTR

Twitter

$24.88

-0.535 (-2.11%)

10:32
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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

TWTR

Twitter

$24.88

-0.535 (-2.11%)

PG

Procter & Gamble

$90.31

0.7 (0.78%)

NOC

Northrop Grumman

$317.94

2.79 (0.89%)

CW

Curtiss-Wright

$133.63

4.893 (3.80%)

ADTN

Adtran

CIEN

Ciena

$22.69

0.75 (3.42%)

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TWTR

Twitter

$24.85

-0.565 (-2.22%)

10:32
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10:32
Periodicals
Greenlight took 'small' stake in Twitter in Q4, Bloomberg reports »

Bloomberg cites…

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XLF

Financial Select Sector

$29.38

0.15 (0.51%)

10:30
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Options
Notable spread in SPDR Financials as the sector sees strength »

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10:29
01/16/18
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Conference/Events
UBS automotive analyst holds an analyst/industry conference call »

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10:28
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General news
Tax reform optimism, Merck help push Dow up 1% to over 26,000 »

Stock futures were strong…

C

Citi

$77.60

0.76 (0.99%)

10:27
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Citi CFO sees branded-cards NCL rate rising to 300bps in 2018 »

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CF

CF Industries

$41.63

-1.8919 (-4.35%)

10:26
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Technical View: CF Industries falls sharply to session lows »

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10:25
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General news
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Conference/Events
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Specialty Pharmaceutical…

RIG

Transocean

$11.94

-0.263 (-2.16%)

10:25
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Conference/Events
Transocean to host special shareholder meeting »

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UPS

UPS

$133.56

-0.53 (-0.40%)

10:23
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UPS says severe weather in Louisville may cause delays »

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C

Citi

$77.51

0.67 (0.87%)

, HLT

Hilton

$84.53

0.58 (0.69%)

10:21
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Hot Stocks
Breaking Hot Stocks news story on Citi, Hilton »

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C

Citi

$77.51

0.67 (0.87%)

HLT

Hilton

$84.53

0.58 (0.69%)

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AMAT

Applied Materials

$53.45

0.25 (0.47%)

10:20
01/16/18
01/16
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10:20
Options
Applied Materials puts active as shares move higher »

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C

Citi

$77.58

0.74 (0.96%)

10:19
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Breaking Hot Stocks news story on Citi »

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$NSD

NASDAQ Market Internals

10:17
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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
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01/16
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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BAC

Bank of America

$31.51

0.32 (1.03%)

10:16
01/16/18
01/16
10:16
01/16/18
10:16
Hot Stocks
Bank of America reports December default rate 2.60% vs. 2.74% last month »

Reports December 30-plus…

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  • 17

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MRK

Merck

$62.50

3.84 (6.55%)

10:13
01/16/18
01/16
10:13
01/16/18
10:13
Upgrade
Merck rating change  »

Merck upgraded on earlier…

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