NEW YORK, December 10, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Union Pacific Corporation (NYSE: UNP), DryShips, Inc. (NASDAQ: DRYS), Navios Maritime Holdings Inc. (NYSE: NM), Teekay Corporation (NYSE: TK), and Baltic Trading Limited (NYSE: BALT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Union Pacific Corporation Research Report
On December 5, 2013, Union Pacific Corp. (Union Pacific) announced that Union Pacific's Response Management Communications Center has earned accreditation from the Commission on Accreditation for Law Enforcement Agencies, Inc. (CALEA). This recognition makes the Company a part of an elite group recognized for commitment to excellence in law enforcement, and according to CALEA, only 17% of US law enforcement agencies are accredited. "In order to qualify for accreditation, Union Pacific's RMCC met the criteria for more than 200 professional standards," said Bob Grimaila, Vice President of Safety, Security and Environment at Union Pacific. "We are proud of CALEA's validation that the RMCC is committed to providing the very best public safety communications as we serve our employees, customers and the nearly 7,300 communities in which we operate." The Full Research Report on Union Pacific Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
DryShips, Inc. Research Report
On December 5, 2013, DryShips Inc. (DryShips) announced the suspension of purchases under its previously announced program of at the market issuances of its common shares through Evercore Group L.L.C. as its sales agent. The Company further reported that it reserves the right to continue the suspension of the program, reactivate or terminate the program at any time. The Full Research Report on DryShips, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Navios Maritime Holdings Inc. Research Report
On November 29, 2013, Navios Maritime Holdings Inc. (Navios) announced that the Company, together with its wholly owned finance subsidiary Navios Maritime Finance II (US) Inc., completed the sale of $650 million of 7.375% First Priority Ship Mortgage Notes due 2022. The Company reported that the notes are secured by first priority ship mortgages on 23 vessels aggregating approximately 2.2 million deadweight tons owned by certain subsidiary guarantors and certain other associated property and contracts rights. The Company further informed that the notes are guaranteed by all of Navios' subsidiaries that guarantee its 8.125% Senior Notes due 2019.The Full Research Report on Navios Maritime Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Teekay Corporation Research Report
On December 2, 2013, Teekay Corp. (Teekay) announced that Resolute Investments Ltd. (Resolute), its largest shareholder, has agreed to sell 5.7 million of its Teekay common shares to a group of investors led by Magnetar Capital and Triangle Peak Partners for total net proceeds of $228 million. Further, the Company has agreed to repurchase 300,000 Teekay common shares from Resolute at the same price as the investors, which shares Teekay intends to cancel upon closing. Teekay reported that both the transactions close, effective December 3, 2013. Peter Evensen, President and CEO of Teekay commented, "We are pleased to have facilitated this transaction between Resolute and some of Teekay's larger, long-term investors. We are also enthusiastic about adding new, strategic investors including Triangle Peak Partners." The Full Research Report on Teekay Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Baltic Trading Limited Research Report
On December 2, 2013, Baltic Trading Limited (Baltic) announced that it has taken delivery of the Baltic Tiger, a 179,185 dwt Capesize vessel. The Baltic Tiger delivered to its charterer, Swissmarine Services S.A., on November 29, 2013 to commence a spot market-related time charter for 10.5 to 13.5 months. The Company reported that it used available cash to pay the remaining balance of nearly $40.4 million for the Baltic Tiger and intends to refinance part of the vessel's purchase price with proceeds from a credit facility. The Full Research Report on Baltic Trading Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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