Genco Shipping & Trading Will Cut $1 Billion of its Debt; LinkedIn in Data Breach Class-action Lawsuit

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04/07/2014 [ACCESSWIRE]

Genco Shipping & Trading Ltd. (NYSE: GNK) – For an in-depth report on Genco Shipping & Trading Ltd. follow:

Genco Shipping & Trading Ltd. closed up 26.80% on about 36.7 million shares traded. The stock was one of the biggest gainers on the NYSE. The company announced that it will cut its debt by more than $1 billion by giving control of the company to its lenders in a deal that requires the dry bulk shipping company to file for bankruptcy.

TripAdvisor Inc. (NASDAQ: TRIP) - For an in-depth report on TripAdvisor Inc. follow:

Shares of TRIP closed down 6.14% on about 5.3 million shares traded this past Friday. The stock was one of the biggest decliners on the NASDAQ and was one among many tech and biotech companies to fall that day.

LinkedIn Corporation (NYSE: LNKD) - For an in-depth report on LinkedIn Corporation follow:

Shares of LinkedIn Corp. closed down 6.29% on Friday with about 5.9 million shares traded. The stock was one of the biggest decliners on the NYSE. The company is in a class-action lawsuit stemming from a data breach its systems suffered almost two years ago. In June 2012, hackers infiltrated the professional networking site and posted passwords of 6.5 million LinkedIn members, and the plaintiff in the suit has claimed the site misrepresented its security measures.

ML Capital Group, Inc. (OTCBB: MLCG) – For an in-depth report on ML Capital Group, Inc. follow:

Shares of MLCG closed up 17.27% on about 930,000 shares traded on Friday. Earlier this month the company announced that it has received confirmation from the manufacturers of its SuperStar Vapor Pen, that shipment has been made and delivery is expected within two weeks at ML Capital Group's offices.


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