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Sunoco Logistics Partners L.P. (NYSE:SXL) announced record net income attributable to owners for the second quarter 2011 of $94 million ($2.40 per unit diluted), compared with $51 million ($1.29 per unit diluted) for the second quarter 2010. Highlights of the second quarter 2011 include: Record distributable cash flow of $106 million for the quarter compared to $55 million for the prior year period. Finished the quarter with a Debt to EBITDA ratio of 3.3x.Acquired controlling financial interest in the Inland Corporation, the owner of a 350-mile refined products pipeline in Ohio. Announced the third quarter 2011 acquisitions of the Eagle Point tank farm and East Boston refined products terminal. Sunoco Partners LLC, the general partner of the Partnership, declared a cash distribution for the second quarter 2011 of $1.215 per limited partnership unit ($4.86 annualized) to be paid on August 12, 2011 to unit holders of record on August 8, 2011. This represents the twenty-fifth consecutive quarterly distribution increase and resulted in a 2.0 times coverage ratio for the quarterly cash distribution.
Sunoco Logistics Partners L.P. engages in the transport, terminalling, and storage of refined products and crude oil, as well as the purchase and sale of crude oil in the United States.
Crown Equity Holdings Inc. (OTCPK:CRWE)
CRWE's selection of CoreLink reflects recent diversification beyond CRWE's original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, CRWE has transitioned into a multifaceted media organization that publishes clients' news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
When you put an ad on TV, radio and newspaper, you have to wait for certain period of time before you can tell whether your product or service is doing well. With online marketing, you can have a daily reading of how much of the traffic you get is actually converting to sales or not. With that, you can make immediate business decisions for your company.
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
For more information, please visit their website: http://www.crownequityholdings.com
First Mariner Bancorp (NASDAQ:FMAR), parent company of 1st Mariner Bank, reported a pretax net loss of $11.0 million for the second quarter of 2011 compared to a pretax net loss of $8.5 million for the second quarter of 2010. For the six months ended June 30, 2011, the Company reported a pretax net loss of $18.3 million in 2011 versus $14.2 million in 2010. In the three and six months ended June 30, 2010, the Company recorded a $3.8 million and $6.2 million tax benefit, respectively, while no tax benefit was recognized for the three and six months ended June 30, 2011. On an after tax basis 1st Mariner Bank, reported a net loss of $11.0 million for the second quarter of 2011 compared to net loss of $4.7 million for the second quarter of 2010, while for the six months ended June 30, 2011, the Company reported a net loss of $18.3 million in 2011 versus $8.1 million in 2010.
First Mariner Bancorp operates as the holding company for First Mariner Bank that offers commercial banking and financial products and services to individuals and small to mid-sized businesses.
Micronetics Inc. (NASDAQ:NOIZ) reported results for its first quarter ended July 2, 2011 (Q1 FY 2012). Net sales for Q1 FY 2012 were $10,039,293, an increase of $672,599 or 7% compared to $9,366,694 for Q1 FY 2011. The increase in net sales was primarily attributable to an increase in sales of components for defense applications. For Q1 FY 2012, the Company reported a net income of $564,372 or $0.12 per diluted share, as compared to a net income of $499,850 or $0.11 per diluted share for Q1 FY 2011.
Micronetics, Inc. engages in the design and manufacture of radio frequency (NYSE:RF) and microwave components and sub-assemblies for defense and commercial customers.
WSB Holdings, Inc. (Nasdaq:WSB) announced results of operations for both its second quarter and the six month period ending June 30, 2011. WSB reports net earnings of $321,000 or $0.04 per basic and diluted share for the three months ended June 30, 2011, compared to net loss of $2.4 million or $(0.31) per basic and diluted share for the comparable period of the prior year. WSB reports net earnings for the six month period ending June 30, 2011 of $556,000, or $0.07 per basic and diluted share, compared to net loss of $2.2 million, or $(0.28) per basic and diluted share, for the six month period ending June 30, 2010. The increase in net earnings for the three and six month periods is primarily the result of allocating $100,000 to the allowance for loan losses during both the three and six months ending June 30, 2011 compared to a $2.4 million provision in the prior year periods. Also, non-interest expenses decreased $2.6 million, or 42%, and $2.3 million, or 24%, respectively, for the three and six month periods ending June 30, 2011 primarily as a result of the $2.0 million one-time debt pre-payment penalty that we recognized during 2010 as compared to the same periods this year.
WSB Holdings, Inc. operates as the holding company for The Washington Savings Bank, F.S.B. that provides various commercial banking products and services to middle income individuals, and small and middle income businesses in the United States.
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