The St. Joe Company (NYSE:JOE) announced a Net Loss for the full year ended 2011 of $(330.3) million, or $(3.58) per share, which included pre-tax non-cash impairment charges of $377.3 million, or $3.52 per share after tax. This compares to a Net Loss of $(35.9) million, or $(0.39) per share for the year 2010, which included pre-tax charges of $27.1 million, or $0.12 per share after tax. For the fourth quarter of 2011, St. Joe had a Net Loss of $(328.6) million, or $(3.56) per share, which included pre-tax non-cash impairment charges of $374.8 million, or $3.50 per share after-tax. This compares to a Net Loss of $(2.7) million, or $(0.03) per share, for the fourth quarter of 2010, which included pre-tax charges of $10.7 million, or $0.07 per share after tax.
The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida.
Crown Equity Holdings, Inc. (CRWE)
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.
Crown Equity Holdings Inc. (CRWE.OB) (www.crownequityholdings.com) announced that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with BBN Solutions. BBN Solutions doing business as BBN Telecom provides both wholesale and retail global communication, as well as calling cards. For more information visit www.bbntel.net.
BBN Solutions, located in India, and Crown Tele Services Inc. (www.crownteleservices.com) shall form a 50/50 Joint Venture corporation for the purpose of granting to Crown Tele Services Inc., exclusive rights in the United States to BBN's telecommunications marketing process and services.
Commenting on the Letter of Intent, Kenneth Bosket, President of Crown Tele Services Inc., stated: "This Joint Venture will give both companies a strategic advantage within the communication market.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information visit www.crownteleservices.com
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness.
VoIP stands for Voice over Internet Protocol: It is also referred to as IP Telephony. It is another way of making phone calls. VoIP is especially popular with long-distance calls. The main reason for which people are turning to this new technology is the cost
An IP phone looks just like a normal phone, The difference is that instead of working on the normal phone network, it is connected to the company's data network. The IP phone therefore does not connect to the RJ-11 socket. Instead, it uses the RJ-45 plug, which is the one used for local area networks (LAN).http://technologyforsmallbusiness.net/voip.php
For more information please visit official website of CRWE: www.crownequityholdings.com
Kosmos Energy Ltd. (NYSE:KOS) announced financial and operating results for the fourth quarter and year ended 2011. For the quarter ended December 31, 2011, the Company generated net income attributable to common shareholders of $34 million, or $0.09 per basic and diluted share. This compares to a net loss attributable to common unit holders of $94 million for the same period in 2010. Fourth-quarter 2011 oil revenues were $220 million, representing over $110 per barrel sold. Production expense for the quarter was $25 million, or $12.59 per barrel sold. Exploration expense for the fourth quarter 2011 was $22 million, including $17 million in seismic expenditures. General and administrative costs were $41 million for the quarter ended December 31, 2011, of which over 50 percent was related to non-cash items, primarily the Company's long-term equity compensation program. Depletion and depreciation expense was $52 million, or $25.86 per barrel sold. The Company's depletion and depreciation rate for the fourth quarter 2011 was impacted by costs associated with the Jubilee FPSO acquisition. Interest expense was $11 million.
Kosmos Energy Ltd., a development stage company, engages in the exploration, development, and production of oil and natural gas in Africa.
Health Care REIT, Inc. (NYSE:HCN) announced the pricing of its underwritten public offering of $287.5 million (11.5 million shares) of 6.50% Series J Cumulative Redeemable Preferred Stock. The offering was increased in size from $100 million (4.0 million shares) in response to investor demand. The shares of preferred stock have a liquidation value of $25.00 per share. The preferred stock, which has no stated maturity, may be redeemed by the company at par on or after March 7, 2017.
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets.
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