International Business News - Arena http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Construction on a new $290 million arena for the Pittsburgh Penguins is scheduled to begin within weeks. The city-county Sports and Exhibition Authority on Wednesday authorized payments of more than $50 million to begin clearing debris and excavating land at the site. http://www.ibtimes.com/articles/20080702/penguins-arena-construction-to-begin-soon.htm Wed, 02 Jul 2008 13:47:01 EDT Oil and natural gas explorer Arena Resources Inc. said Monday its board has approved a $30 million increase to its capital expenditure program for 2008, bringing the total to $248 million. http://www.ibtimes.com/articles/20080623/arena-resources-increases-budget-by-30-million.htm Mon, 23 Jun 2008 12:07:28 EDT Oil and natural gas explorer Arena Resources Inc. said it has completed a 2.5 million share offering, resulting in net proceeds of $116.1 million. The stock sale included 326,250 shares covered by an overallotment option. http://www.ibtimes.com/articles/20080603/arena-resources-offering-raises-116-1-million.htm Tue, 03 Jun 2008 14:25:34 EDT Oil and gas producer Arena Resources Inc. said Wednesday it is publicly offering just under 2.2 million shares of common stock. The stock is being offered under a shelf registration already filed with the Securities and Exchange Commission. Dahlman Rose & Company LLC is acting as the bookrunning manager for the offering. http://www.ibtimes.com/articles/20080528/arena-resources-to-offer-about-2-2-million-shares.htm Wed, 28 May 2008 18:06:08 EDT Oil and gas producer Arena Resources Inc. said Wednesday that President and Chief Operating Officer Phil Terry has been promoted to chief executive. Terry was appointed manager of all engineering and field operations in April 2003, and served as president and COO since February 2007. http://www.ibtimes.com/articles/20080521/arena-resources-promotes-phil-terry-to-ceo.htm Wed, 21 May 2008 09:13:25 EDT Oil and gas producer Arena Resources Inc. said Thursday its first-quarter profit more than tripled on higher prices and volumes produced. Net income for the three months ended March 31 climbed to $18.3 million, or 51 cents per share, compared with $5.7 million, or 18 cents per share, in the year-earlier period. http://www.ibtimes.com/articles/20080508/arena-resources-1st-quarter-net-income-more-than-triples.htm Thu, 08 May 2008 11:31:13 EDT Arena Pharmaceuticals Inc. said Wednesday its first-quarter loss widened on an increase in research and development costs and general and administrative expenses. http://www.ibtimes.com/articles/20080507/arena-pharmaceuticals-1q-loss-widens-on-research-expenses.htm Wed, 07 May 2008 17:41:44 EDT The Charlotte Bobcats solved two problems, securing a naming rights deal for its arena and getting out of a television contract that limited the team's reach. A person with knowledge of the negotia... http://www.ibtimes.com/articles/20080408/bobcats-make-deal-with-time-warner.htm Tue, 08 Apr 2008 10:39:14 EDT Oil and natural gas producer Arena Resources Inc. said Thursday its fourth-quarter profit surged 80 percent on acquisitions and higher commodity prices, but the results missed Wall Street forecasts. http://www.ibtimes.com/articles/20080313/arena-resources-4q-earnings-jump-80-pct.htm Thu, 13 Mar 2008 09:48:01 EDT Arena Pharmaceuticals Inc. shares rose from annual lows Tuesday in spite of a setback for the company's oral diabetes drug candidate. After the closing bell Monday, Arena said its partner Ortho-McNeil Pharmaceutical Inc., had placed development of APD668 on hold after examining results from a two-week trial of the drug. Instead, the companies will focus on developing a similar diabetes drug candidate that may be more potent. http://www.ibtimes.com/articles/20080108/out-of-the-gate-arena-pharma-rises.htm Tue, 08 Jan 2008 10:07:32 EST