Market Roundup
Shares of Host Hotels & Resorts Inc (NYSE: HST) fell about 3.3% after the company's board of directors lifted its regular quarterly cash dividend to $0.04 per share, from $0.03 per share. The dividend is payable on October 17, 2011 to stockholders of record on September 30, 2011.
Shares of Lloyds Banking Group PLC (NYSE: LYG) declined about 8.5% after the company reported that Tim Tookey, group finance director, would step down at the end of February to join insurer Friends Life.
Shares of UBS AG (NYSE: UBS) dropped about 3.9% after the company lifted its estimate of losses from unauthorized rogue trades to $2.3 billion, a rise of $300 million from its previous figure.
Shares of Stillwater Mining Company (NYSE: SWC) fell about 4.4% after the company reported that it intends to offer $300 million aggregate principal amount of senior notes due 2016 in a private offering.
Shares of Orient Paper Inc (NYSE: ONP) gained about 1.5% after the company's Chairman and Chief Executive Officer, Mr. Zhenyong Liu, announced plans to purchase up to $400,000 worth of the company's common shares in open-market transactions during the next three months.
