BP Oil Spill Disaster Is a Massive Oil Spill in the Gulf of Mexico

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FORT LAUDERDALE, FL -- (MARKET WIRE) -- 06/06/08 -- SEACOR Holdings Inc. (NYSE: CKH) today announced that its Board of Directors has increased its authorization for repurchases of SEACOR's common stock and its 2.875% convertible senior debentures due 2024 by $75.5 million for a total authorized expenditure of up to $150 million for the purchase of such securities. In addition, SEACOR may purchase, separate from such authorization, any or all of its 7.2% senior notes due 2009, its 5 7/8% senior notes due 2012, and the 9 1/2% senior notes due 2013 of Seabulk International, Inc., a wholly-owned subsidiary. The repurchase of securities may be conducted from time to time through open market purchases, privately negotiated transactions or otherwise depending on market conditions. SEACOR is a global provider of marine support and transportation service, primarily to the e... (more)

Guilty Plea in Case of Cosco Busan Ship Pilot

WASHINGTON, March 6 /PRNewswire-USNewswire/ -- John Joseph Cota, a California ship pilot, pleaded guilty today to negligently causing the discharge of approximately 53,000 gallons of oil into San Francisco Bay in violation of the Oil Pollution Act of 1990, a law enacted in the wake of the Exxon Valdez disaster. Cota, who piloted the M/V Cosco Busan when it hit the San Francisco Bay Bridge on Nov. 7, 2007, also pleaded guilty today to violation of the Migratory Bird Treaty Act for the death of protected migratory birds. If the plea terms are accepted by U.S. District Court Judge Susan Illston, Cota will be sentenced to serve between two and ten months in prison and be fined between $3,000 to $30,000. The exact sentence will be determined by the court with the government reserving the right to argue for the highest sentence within this range. The plea also requires Co... (more)

SEACOR Holdings Announces First Quarter Results

FORT LAUDERDALE, FL -- (Marketwire) -- 04/22/09 -- SEACOR Holdings Inc. (NYSE: CKH) announced net income attributable to its stockholders for the first quarter ended March 31, 2009 of $53.0 million, or $2.36 per diluted share, on operating revenues of $399.5 million. For the quarter ended March 31, 2008, net income attributable to SEACOR Holdings Inc. was $36.6 million (see explanation below on the retrospective application of FSP APB 14-1), or $1.50 per diluted share, on operating revenues of $354.5 million. For the preceding quarter ended December 31, 2008, net income attributable to SEACOR Holdings Inc. was $70.5 million (see explanation below on the retrospective application of FSP APB 14-1), or $3.11 per diluted share, on operating revenues of $454.9 million. Comparison of results for the first quarter ended March 31, 2009 with the preceding quarter ended Decem... (more)

The Zacks Analyst Blog Highlights:BP, Royal Dutch Shell, Walgreen, Express Scripts and BioScrip

CHICAGO, Sept. 20, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include BP Plc (NYSE:BP), Royal Dutch Shell Plc (NYSE:RDS.A), Walgreen Co. (NYSE:WAG), Express Scripts (Nasdaq:ESRX) and BioScrip (Nasdaq:BIOS). (Logo:  http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Wednesday's Analyst Blog: BP Norwegian Oilfield Shut After Leak BP Plc (NYSE:BP) said that it has shut down a Norwegian oil and gas field, Ula, following a substantial oil and gas leak on its production platform. The embattled British giant, who is... (more)

ProfNet Experts Available on State of the Union, Disaster Response, More

NEW YORK, Jan. 29, 2014 /PRNewswire/ -- Below are experts from the ProfNet network that are available to discuss timely issues in your coverage area. If you are interested in interviewing any of the experts, please contact them via the contact information at the end of the listing. To receive these updates by email, send a note to [email protected] with the industries you cover, and we'll add you to the appropriate edition.  If you are in need of additional experts, you can also submit a query to the hundreds of thousands of experts in our network. You can filter your request by institution type and geographic location to get the most targeted responses. The best part? It's free! Just fill out the query form to get started. If you have any questions or need assistance with any aspect of ProfNet, please drop us a note at [email protected] EXPERT ALERTS Disaste... (more)

Hornbeck Offshore Announces Second Quarter 2014 Results

COVINGTON, La., July 30, 2014 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the second quarter ended June 30, 2014.  Following are highlights for this period and the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet growth and record MPSV dayrates 2Q2014 Upstream revenue of $171.1 million increased $34.5 million, or 25%, over 1Q2014 2Q2014 Upstream diluted EPS of $0.85 increased $0.54, or 174%, over 1Q2014 2Q2014 Upstream EBITDA of $84.3 million increased $30.0 million, or 55%, over 1Q2014 2Q2014 utilization of the 56-vessel new gen OSV fleet was 86% compared to 88% a year-ago and 75% sequentially 2Q2014 high-spec OSV effective utilization was 90% compared to 98% a year-ago and 76% sequentially 2Q2014 MPSV effective utilization was 100% compared to 99% a year-ago a... (more)

The Zacks Analyst Blog Highlights: BP, ConocoPhilips, Baker Hughes, Halliburton and Schlumberger

CHICAGO, Aug. 22, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the BP plc (NYSE:BP-Free Report), ConocoPhilips (NYSE:COP-Free Report), Baker Hughes Inc. (NYSE:BHI-Free Report), Halliburton Co. (NYSE:HAL-Free Report) and Schlumberger Ltd. (NYSE:SLB-Free Report). Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Thursday's Analyst Blog: U.S. Puts 400K Acres of GoM Offshore Energy on Tap Power hungry U.S. is expanding its domestic presence to tap offshore oil resources. This is a prudent move considering the U.S. agency of the Bureau of Ocean Energy Management's (BOEM) assessment that t... (more)

Legal-Bay Lawsuit Settlement Funding Reports Growing Number of Applications Based on Current Holiday Lawsuit Cash Advance Promotion

ORLANDO, Fla., Nov. 17, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they are receiving an increased number of applications due to their current holiday promotion where they will be raffling off a free 50" HD TV to any clients who receive pre-settlement lawsuit funding approvals between November 1st and Black Friday. Legal-Bay understands the stress that the holiday seasons can bring, especially while people are waiting for their cases to settle and need cash not only to live on but to provide gifts for loved ones. It's for this reason that Legal-Bay holds a yearly holiday promotion for any and all of their clients who fund between November 1st and Black Friday. Last year they provided gift cards; this year, they're holding a raffle for all of their current and existing clients who fund in amounts of $1K or more fo... (more)

Moneyball, Big Data, The Internet of Things and Enterprise Mobility

"In business, economics and other fields decisions will increasingly be based on data and analysis rather than on experience and intuition...we can start being a lot more scientific," predicts Professor Erik Brynjolfsson, from MIT's Sloan School of Management in a New York Times article The Age of Big Data, February 12, 2012.  This is the "Moneyball" approach to business.  Use the data, massive volumes of data, to find the truth, rather than lean on intuition.  In the past this was possible, but the long time frames required to find answers made it impractical for real-time decision making. Just like in the movie Moneyball, large volumes of data hide truths that are not easily apparent without in-depth analysis.  These truths can lead us to competitive advantages, increased productivity, efficiencies and completely new and different ways of conducting business.  "Data... (more)

Louisiana Gets Its Own Green Cloud Computing Infrastructure

Let's be honest, lately there hasn't been a lot of good news coming out of Louisiana, the gulf coast has taken quite the beating with the economic fallout from the BP oil spill. Finally we have some good news for the region. They now have their very own Cloud IaaS platform based in Lafayette, Louisiana -- a City that is quickly emerging as one of the best and most connected in the country. Technology initiatives have helped fuel the region’s thriving business environment while building up a tech-savvy community. The City of Lafayette developed the nation’s largest and most robust municipally-owned fiber optic broadband infrastructure delivering 100 Megabit per second (Mbps) peer-to-peer broadband network within its city limits; another confirmation of lightening fast data connections and forward thinking. Businesses in this creative environment are joining forces with... (more)

The Global Market for M2M Devices Is Huge!

The global market for machine-to-machine (M2M) device connections will grow from 62 million devices in 2010 to 2.1 billion devices in 2020, according to a new report from Analysys Mason (London, UK). With a year-on-year growth rate of between 36 percent and 52 percent.  M2M is predicted to be one of the fastest growing wireless connectivity sectors in the next decade.  Wireless M2M Sensors  Some of the biggest enterprise M2M markets are the following:  energy and utilities security and surveillance health care and acute disease tracking in vehicle GPS and entertainment systems It doesn't take a rocket scientist to know that the above-listed markets are huge!  M2M is another category of enterprise mobility that takes advantage of mobile technologies and miniaturized sensors and monitoring equipment to send and receive data wirelessly to and from a centralized s... (more)