Southwestern Energy Co. (NYSE:SWN) is cutting its planned 2015 investment spending amid lower gas and oil prices but said it expects production to increase about 23%. The announcement came as the company reported its profit in the fourth quarter more than doubled as production increases offset lower prices. On Friday shares of Southwestern Energy Co. (NYSE:SWN) closed at $25.08. Company’s sales growth for last 5 years was 7.80% and EPS growth for next 5 years is recorded as -5.26%.
Hewlett Packard (HP) plans to acquire Aruba Networks Inc. (NASDAQ:ARUN) in $2.4-bn deal. Aruba makes wireless-network infrastructure used by hotels, universities and shopping malls, computing.co.uk reported citing people with knowledge of the matter said. Aruba Networks, Inc. (NASDAQ:ARUN) in last trading activity advanced 9.73% to close at $24.81. Company weekly performance is 34.62% while its quarterly performance stands at 31.48%. Aruba Networks, Inc. (NASDAQ:ARUN) is 3.81% away from its 52 week high.
Capstone Equities Capital Management, L.P. (“Capstone”), a shareholder of Altisource Residential Corporation (NYSE:RESI), announced that it has sent a demand letter to RESI’s board of directors. In the demand, Capstone requests that the board take action to terminate the asset management agreement with Altisource Asset Management Corporation (“AAMC”) for cause without paying any termination fee pursuant to Section 11 of the asset management agreement and also terminate the servicing agreement with a subsidiary of Ocwen Financial Corporation (collectively, “Ocwen”). On last trading day Altisource Residential Corporation (NYSE:RESI) fell -1.29% to close at $20.65. Its volatility for the week is 3.21% while volatility for the month is 2.97%. Altisource Residential Corporation (NYSE:RESI) monthly performance is 23.06%.
Newcastle Investment Corp. (NYSE:NCT) announced on 19 February 2015, that it will release its fourth quarter and full year financial results for the period ended December 31, 2014 on Monday, March 2, 2015 prior to the opening of the New York Stock Exchange. Newcastle Investment Corp. (NYSE:NCT) has 1.40% insider ownership while its institutional ownership stands at 61.20%. In last trading activity company’s stock closed at $4.84.
The Dow Chemical Company (NYSE:DOW) has earned a “BBB” credit rating from Morningstar. The research firm’s “BBB” rating suggests that the company is a moderate default risk. On Friday shares of The Dow Chemical Company (NYSE:DOW) closed at $49.24. Company’s sales growth for last 5 years was 5.30% and EPS growth for next 5 years is recorded as 11.84%.