Scorpio Bulkers Eyes USD 50 Mn Share Repurchase

first_imgzoom NYSE-listed dry bulk shipping company Scorpio Bulkers has received a nod from its Board of Directors to repurchase up to USD 50 million of its common stock.The shares would be repurchased in open market or through privately negotiated transactions.“The specific timing and amounts of the repurchases, will be in the sole discretion of management and may vary based on market conditions and other factors,” Scorpio Bulkers said, adding that it is not obligated under the terms of the program to repurchase any of its common stock.The share repurchase authorization has no expiration date.Scorpio Bulkers owns 46 vessels, consisting of 18 Kamsarmax and 26 Ultramax ships. The owned fleet will have a total carrying capacity of around 3.2 million deadweight tonnes.last_img read more


ISRO lost communication with moon lander not hopes of 13 billion Indians

first_imgNew Delhi: There is nothing to despair, Vice President M Venkaiah Naidu said on Saturday as ISRO lost contact with its moon lander.ISRO’s plan to soft land Chandrayaan-2’s Vikram module on the lunar surface did not go as per script in the early hours of Saturday, with the lander losing communication with ground stations during its final descent.”There is nothing to despair. ISRO only lost communication with the Lander & not the hopes of 1.3 billion Indians,” Naidu’s secretariat tweeted.The vice president said the orbiter with its payloads is performing its mission.”I salute @isro scientists, engineers & everyone else associated with Chandrayaan-2 for their hard work & dedication in trying to conquer new frontiers in space exploration,” he said.Naidu also extended his best wishes for the Indian Space Research Organisation’s future endeavours, saying the country is proud of them.last_img read more


FAMILY RELIC JUNO AWARD STOLEN FROM WINNIPEG MANS CAR

first_img Facebook Advertisement A Winnipeg man is asking for the public’s help after a precious family relic, a Juno award, was stolen from his van while he was in the process of moving.Travis MacLean, the son of Gary MacLean from the “toilet rock” musical-comedy duo MacLean & MacLean, told CBC’s Up To Speed host Ismaila Alfa, he noticed the award was gone Wednesday morning.“When I came downstairs this morning, I noticed there was a smashed window. Immediately my heart kind of sank and I started assessing everything that got stolen. Amongst the stuff that was stolen was that Juno award,” he explained. Advertisement Twitter Advertisement In 1984, the musical-comedy duo MacLean & MacLean were nominated for the Best Comedy Album Juno. When they lost, they were gifted this mock award. (Travis MacLean/Facebook) Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more