Summit Materials will use the proceeds to acquire Boxley Materials Company, pay the expenses incurred from acquisitions and the senior notes offering, and replace the money used to acquire American Materials Company (AMC).

Legal Requirements

The offered senior notes have not yet been registered under the Securities Act of 1933. Unless Summit Materials completes the registration process, the said notes may not be sold in the US unless in pursuant to an exemption or a transaction not subject to the requirements imposed by the Securities Act of 1933 and other applicable jurisdictions.

Furthermore, the initial purchasers will be entitled to offer the notes only to those who are reasonably qualified institutional buyers in accordance to Rule 144A under the Securities Act of 1933 and to non-US citizens under transactions outside the borders of US in accordance to Regulation S under the Securities Act of 1933.

Boxley Materials Acquisition

Summit Materials has also revealed on Tuesday that it has come up with a definitive agreement to fulfil its acquisition of Boxley Materials, a Virginia-based construction materials company. The acquisition is expected to be completed in March.

Summit Materials hopes to strengthen its growing business with these acquisitions, particularly in Carolinas and Virginia.

Tom Hill, Summit CEO, believes that Boxley Materials and AMC complements Summit Materials’ strategy of expanding its presence throughout the country.

The integrated venture includes 11 aggregates locations and 500,000 tons of reserves, which are expected to drive annual sales volume up to five million tons. The acquisitions cost about $250 million.

Latest Quarterly Results

The company released its fourth quarter report on February 11. For the period, Summit Materials had a net revenue of $359.50 million, gaining 22.30% from the same period last year. The high volumes and cement and aggregates prices primarily drove the company’s growth.

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Note Maturity

The unsecured notes are set to mature in 2018, 2019, 2021, 2023, and 2026.

In February, 2018, $1 billion of the notes will mature bearing interest at a floating rate tantamount to three-month LIBOR including 60 basis points and $1.25 billion will mature bearing an annual interest rate of 1.400%. In February, 2019, $1 billion of the notes will mature bearing an annual interest rate of 1.600%. In February, 2021, $2.50 billion of the notes will mature bearing an annual interest rate of 2.200%. In February, 2023, $500 million of the notes will mature bearing an annual interest rate of 2.600%. Finally, in February, 2026, the last stretch of $750 million will mature bearing an annual interest rate of 2.950%.

Purpose

The proceeds from the unsecured notes will be used by Cisco to repurchase common stock, settle debts, repay previously issued unsecured notes, investments, capital expenditures, acquisitions, cash dividends, funding of its subsidiaries, and other general corporate purposes.

Latest Quarterly Report

Cisco released its earnings report for the second quarter of the fiscal year 2016 last February 10. The company’s revenue surged 2% year-over-year.

The biggest gainer in the company is its Service Provider (SP) Video, which rallied 37% year-over-year and brought $569 million into Cisco. The Other Products segment grew 31% with a total revenue of $77 million, the Security segment gained 11% with a total revenue of $462 million, the NGN Routing segment inched up 5% with a total revenue of $1.85 billion, the Switching segment declined 4% YoY with a total revenue of $3.48 billion, and the Collaboration, Data Center, and Service segments each declined 3% with a total revenue of $1.02 billion, $822 million, and $2.94 billion respectively.

Currently, Cisco’s growth can be attributed to four key areas, including the redefinition of next-generation networking, the refining of its Security business, the use of M&A to augment internal innovation, and further movement of portfolio delivered in both cloud-based SaaS and on-premise models.

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According to Nokia Corporation (ADR) (NYSE:NOK), the shares have been issued so that the company can gain more Alcatel Lucent SA (ADR) (NYSE:ALU) shares in a private transaction. The shares are being issued at the rate of 0.55 Nokia shares for every Alcatel share. The issuance of the new shares is aimed at increasing Nokia’s ownership in Alcatel. It is important to point out that that is the same rate observed at the recently completed public offering for Alcatel securities in the U.S. and France.

Nokia Corporation (ADR) (NYSE:NOK)’s newly-issued shares will be paid by Alcatel shares offered in exchange for the same. The aggregate subscription price for the new shares is 36.3 million Euros and is based on the closing price of Nokia shares on Feb. 18. The result of the new shares offering will be entered in Nokia’s fund for non-restricted equity. As such, share capital of Nokia will not be affected and will remain at 245.9 million Euro.

Shares registration

Nokia says it will register the newly issued shares with the Finnish Trade Register on Feb. 24 or about that date. Following the registration of the shares, Nokia expects its shares to be slightly more than 5.77 billion. All the newly issued shares will have rights to dividends as well as all other rights that earlier shareholders enjoy upon the scheduled registration.

Synergies

Nokia Corporation (ADR) (NYSE:NOK)-Alcatel combination is expected to create an industry giant and result in at least 900 million Euro cost-synergies. Job cuts are expected to follow the merger as the combined company drives towards an efficient operation. In job cuts, France is likely to be less affected as one of the agreements that paved the way for the merger was about preserving Alcatel jobs in the country.

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The notes bear rates between 2.10% and 2.45% due by 2017. CenterPoint Energy used the proceeds from the recent redemption for Enable Midstream’s preferred units.

The transaction is anticipated to be accretive to the earnings of CenterPoint Energy.

Annual Investors’ Meeting

Earlier this month, CenterPoint Energy revealed that the annual meeting of shareholders for this year will be held on April 28 at 9 a.m. CDT at the CenterPoint Energy Tower auditorium, 111 Louisiana St., Houston, Texas. Investors of record on March 3, will be notified of further details and will be eligible to partake and vote.

Stock Update

The company is set to release its latest earnings report on February 26. Recently, CenterPoint Energy disclosed a quarterly dividend, which will be paid on March 10. Shareholders of record on February 16 will receive a dividend of $0.2575 a share, up by 4% from its previous quarterly dividend of $0.25. The ex-dividend date is February 9. This shows an annualized dividend of $1.03 and a dividend yield of 5.62%.

Read Across America Project

Earlier this month, CenterPoint Energy encouraged everyone to participate in empowering a nation of readers through its project called “Read Across America” on March 2. It is an annual project held in commemoration of Dr. Seuss’ birthday to help remind adults of the importance of reading to children.

Diane Englet, CenterPoint Energy Senior Director of Community Relations, believes that reading to children helps gain a broader perspective and imagination of the world.

Thousands of schools and community centers participate in this annual event of reliving the fun of exploring books. The main goal of CenterPoint Energy is to improve the quality of life by reaching out to the local communities, further establishing its commitment to the economy.

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2016 capex fall 75%

Marathon’s $1.4 billion capex plan for 2016 is more than 50% below what it spent on similar activities in 2015 and 75% below 2014 capex. According to the management, the capex step-down is a part of the efforts to preserve cash and drive efficiency in the business. Energy companies are facing pressure from falling oil prices amid a supply glut in the global market.

$160 million labor saving

In 2015, Marathon Oil Corporation (NYSE:MRO) reduced its workforce by 20%, allowing it to save $160 million in annualized basis. Additionally, the company spent less on capital projects that it initially planned for the year. The $3 billion in capex for 2015 was $500 million below the initial capex target.

Areas of 2016 capital spending

Among other things, Marathon Oil Corporation (NYSE:MRO) intends to direct $40 million of the $1.4 billion capital program for 2016 to mining of oil sands. Additionally, the company will funnel $40 million to corporate spending and related items.

Lion’s share for North America

Most of Marathon’s 2016 capital spending will be in North America where the company intends to funnel $1.15 billion to Eagle Ford and other fields in the region.

Raising funds

The management is no clear whether Marathon will be borrowing some money to fund its capital programs. However, the company is looking to raise more money from the sale of noncore assets than previously anticipated. The management is looking to unlock between $750 million and $1 billion from selling of certain assets that aren’t core to the company.

Earnings report

Marathon Oil Corporation (NYSE:MRO) posted adjusted EPS loss of $0.48 on revenue of $1.48 billion in 4Q2015. Analysts were looking for EPS loss of $0.50 on revenue of $1.17 billion.

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Pandora last week hired Morgan Stanley (NYSE:MS) with the primary objective of finding a buyer. The sale seems a fast disposal act since the company has already lost 60% of its value in the last three months.

On the other end, Uber is flying high with Morgan Stanley’s offer to their big-ticket clients, a piece of Uber-action through the New Riders Fund LLP. This is a 290 pages document, which is stating that Uber can be invested in without reservations and inhibitions.

The best part about Uber’s startegy is not only that the company’s valuation of above $62.5 billion dollars but also the fact that investors will not directly own Uber equity. What this basically means is that an investor will be investing in a growing enterprise which is characterized by knows and unknowns. If the company performs well, investors go up south and if it fairs poorly, investors go down south. The document itself shows that Uber is more interested in building a global enterprise as opposed to going public.

Pandora never had the time to learn how to sell and market their products effectively. Comparing them to Apple Inc. (NASDAQ:AAPL)’s Apple Music, which has 10 million paid users, and no free tier. While Pandora claims to have 250 million users though only 3 million are paying users.

Pandora went public early enough, they never learnt fully the concept of proper marketing and selling since they always had money siting in the bank. At one time they paid $75 million to Rdio which was in fact a bankrupt company and again they paid $475 million for acquiring TicketFly which never matured into a revenue source.

Uber will at one time go public and will have valuable stock for a long time. Luckily for them, they would have fully established themselves globally and with the right marketing strategies in place.

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Last year, Vodafone Netherlands recorded revenues of about €2 billion. Ziggo, on the other hand, recorded revenues at nearly €2.5 billion while their operating cash flow was €1.4 billion. The new joint venture is expected to result in greater efficiencies, which will lead in a net present value of about €2.5 billion after integration cost.

From this venture, Liberty Global noted that it will contribute about €321 million of Ziggo net operating losses to the joint venture. It will retain ownership of the remaining €2.9 billion of its other Dutch net operating loss.

The new venture is expected to benefit both parties. Their collective global scale and technical expertise will give them the opportunity of providing customers with a broad range of services, products and content. The new venture will upscale competition and enhancing choices within the Dutch market.

The transaction of combining Liberty’s Ziggo operations and Vodafone’s mobile operation will complete at the end of 2016.Vodafone CEO, Vittorio Colao, noted that the partnership will make them a stronger competitor in Netherlands. This will be beneficial to both companies and the market at large. Liberty CEO stated he was excited about the partnership since it was in line with their vision of providing lightning-fast broadband speeds, seamless 4G wireless connectivity and a cool digital TV platforms and apps.

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Richard C. Adkerson, the president and chief executive officer of Freeport-McMoRan, made the recent announcement where he revealed that his firm is happy to expand the Morenci partnership with Sumitomo. He added that the new agreement is one of the company’s major steps towards its goal of restoring the balance sheet by speeding up the debt reduction. It is also a strategy towards maintaining a portfolio of high-value resources and assets.

During the announcement, Mr. Adkerson also said the Morenci partnership with Sumitomo can be traced back thirty years ago, and the two firms are sure that the joint operations will continue in the future. The association between the two companies is strategically positioned towards continued success through a mix of smart cost structures, considerable resource position and reserves that promise longevity.

FCX currently owns 85% of the Morenci joint venture while Sumitomo owns 15%. Once the transaction is complete, FCX will remain with 72% of the venture while Sumitomo’s stake will be bumped up to 15%. The agreement is expected to come to a completion in the middle of the year once all conditions are met and approval is issued by the regulatory bodies. FCX plans to use the revenue from the sale to fund the debt under its bank term loan. The company anticipates $550 million in gains from the deal. Further to that, it will reduce its tax obligation on the deal by balancing out its books through the losses.

The gains come from the $2.2 billion generated by the 85% stake in the Morenci mines and costs worth $1.5 billion in production and delivery costs. FCX received 900 million pounds of copper as part of the 85% share of the total copper recovered from the mines in 2015.

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Drawing down credit facilities means that Linn Energy LLC (NASDAQ:LINE) and its peers could be more vulnerable if crude prices remain low or decline further. If energy borrowers go bankrupt, banks could be left with huge losses to deal with considering that some of the energy companies might not even have enough assets to cover their revolving loans. In times of bankruptcy, repayment of revolving credit is given first priority.

$1.5 billion of credit line drawn

In the case of Linn Energy LLC (NASDAQ:LINE), Midstates Petroleum and SandRidge, the companies depleted their revolving credits in the recent weeks, drawing more than $1.5 billion. Linn borrowed $919 million that was remaining under its $4 billion credit facility backed by Wells Fargo and others. Midstates on its part draw all the $249 million that was left in its $750 million credit line led by SunTrust Banks. SandRidge on its part exhausted its $1 billion revolving credit line by drawing all the $489 million that was left in the facility.

How will they cover short-term funding gaps?

Revolving credit facilities are designed to cover short-term cash needs and they are typically looked at credit cards for companies. Therefore, if a company draws its full credit facility, it becomes difficult to cover urgent funding gaps, especially when the environment is hostile to negotiate for a fresh credit line without first repaying the previous one.

Value of assets held is shrinking

For banks, it is not just about companies exhausting their credit facilities, but the fact that falling oil means that the assets those companies hold aren’t enough to covert debts in case of a bankruptcy. For example, Quicksilver Resources’ asset sales only yielded $245 million yet the company owed $273 million under its revolving loan.

What next for banks

A number of banks are already boosting their energy loan reserves and others are warning of amounting loan losses if their energy borrowers default. Other banks are already contemplating selling their revolving credit loans to distressed-debt funds to at least hedge against the looming losses.

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The proceeds from the sale of the headquarters are expected to help J C Penney Company Inc (NYSE:JCP) repay part of its outstanding debt. Paying down of debt should help the retailer reduce its interest expenses burden. J C Penney’s books reflect $5.12 billion in long-term debt.

Lower maintenance costs

Besides unlocking funds to pay down a portion of its debt, J C Penney also hopes for several other benefits from the sale of the headquarters building. For example, the retailer believes that it will eliminate maintenance costs of the vast headquarters office once the property is sold. Additionally, the company will sidestep property taxes associated with the ownership of the headquarters building.

As such, the management believes that the cost of leasing back space from the headquarters building will be offset with lower maintenance costs as well as reduced tax and interest burden.

Developing idle land

J C Penney Company Inc (NYSE:JCP)’s Plano, Texas home office is a 1.8 million square-foot office space. In addition to selling the headquarters building, the retailer also hinted at plans to transfer a portion of the undeveloped land around its headquarters to a joint venture with developers.

Struggling to trace its footing, J C Penney hopes that the asset sales will go a long way to strengthening its balance sheet and unlock funds that it can reinvest in building robust digital presence.

Retailers selling real estate assets

However, J C Penney Company Inc (NYSE:JCP) is not the only major retailer offloading real estate assets to raise funds to pay down debt or fund operations. Macy’s, Inc. (NYSE:M) also recently created a joint venture through which it hopes to extract maximum value from its real estate assets. Sears Holdings Corp (NASDAQ:SHLD) is also in the process of getting the most out of its real estate properties.

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The announcement came after most European banks suffered a second day’s fall. The German bank is expected to turn to its emergency buyback plan on senior bonds where it has about €50bn in issue. The move by the bank is unlikely to include the contingent convertible bonds which, coupled with the bank’s shares have witnessed a mass sell-off.

By buying back bonds at face value, the Deutsche Band looks to generate capital gains. The announcement by the bank came as the finance ministerWolfgang Schäuble moved to eliminate any doubts in the market. The minister said that there were no concerns about the bank while the chief executiveJohn Cryan said that the bank was absolutely stable.

Negative share performance

The bank has seen its shares falls by 4% reaching a new low of 40% this year. Compared to other European banks, the Deutsche Bank faired quite well. Credit Suisse for instance, dropped by 8% while the UniCredit bank dropped 7%. The poor performance has not gone well with investors as thy face a relatively weak European bank capital earnings coupled with tribulations facing the broader market. The US bank, which has not been spared, was marginally weaker as by midday on Tuesday.

Investors are now concerned with the likely of negative interest rates across the developed countries. Japan is the first big economy with a negative borrowing rate to 10 year debts as the number of government bonds trading with negative gains increased to a new high of $6tn.

The concerns regarding the solidity of banks debt has seen more investors rush to take protection measures. A credit results index that helps track the likelihood of a default of investment grade debt by European banks traded at 119 points in Tuesday, reaching a new high since June 2013. More concerns regarding the health of the financial sector has been raised coinciding with the questions regarding the planned Deutsche Bank restructuring.

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$1 billion debt burden

Despite the unfavorable market conditions that are having a negative impact on free cash flow, Weatherford has a $350 million debt to that comes due this month. That is part of the $1 billion subordinate debt whose other portion ($650 million) is due in 2Q2017.

Because of the tough business conditions, Weatherford will likely have to offload certain assets to meet the $1 billion debt. However, the question that rises from that is what the company will sell next to generate cash to repay its other debts. Weatherford has $1.6 billion in short-term debt and a revolver credit.

Preserving cash isn’t enough

Weatherford International Plc (NYSE:WFT) is looking at headcount reduction and capex cut as part of the efforts to preserve cash and help it trim its debt burden. For 2016, the company is planning capex budget of $300 million, sharply below $682 million that went into the same in 2015.

Although Weatherford intends to cut more jobs this year, with 6,000 positions to be eliminated, the management is careful not to inflate severance charges. In 2015, severance charges were 193 million following reduction of 14,000 jobs. This year, costs related to layoffs are expected to decline to just about $80 million or less.

Cash generation

Weatherford International Plc (NYSE:WFT) is looking to generate free cash flow between $600 and $700 million in 2016. The management said that should help bring net debt down to less than $6.5 billion at the end of the year. By 2017, the management is targeting to reduce net debt to less than $6 billion and hopefully keeping the debt level below $4 billion in the long-term.

Tough decision

As much as Weatherford International Plc (NYSE:WFT) has brilliant plans to trim its debt burdening, more borrowing or additional equity/warrants offering look inevitable. However, such additional fundraisers would impact shareholder value in the stock.

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Input of controlling shareholders

Among the investors expected to buy the additional shares in the announced secondary offering is Mittal family, the controlling shareholder of ArcelorMittal steel group.  Mittal family is expected to invest an additional $1.1 billion in the company through the new shares to be issued. That investment is expected to boost the family’s stake of ArcelorMittal shares above 39.4% it owned at the end of last year.

Choosing dilution over debt

ArcelorMittal SA (ADR) (NYSE:MT)’s decision to raise $3 billion through equity instead of bonds shows the management’s strategy to reduce exposure to debt market. Perhaps that makes more sense if you consider that the company already carries a heavy debt load on its shoulders. At the end of last year, ArcelorMittal had no less than $15.7 billion in net debt, which the management is struggling to bring down to less than $12 billion by the end of 2016.

Massive losses

ArcelorMittal reported a loss of $6.7 billion in 4Q2015, significantly up from $955 million in a similar quarter in the prior year. For the full-year, the loss ballooned to $7.9 billion, thanks in part to the $4.8 billion in impairment charges.

For the most part, ArcelorMittal SA (ADR) (NYSE:MT) suffered massive losses in 4Q and full-year 2015 because of low demand and weak prices for steel. The problem majorly stems from oversupply of steel in the market. That explains why ArcelorMittal’s 4Q revenue contracted 25$% to just $14 billion. The topline decline came on the back of 7% drop in steel shipments compared to a year ago.

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Based on its assessment of Crown’s leverage position, Fitch is convinced that the new notes fit BBB- rating.

What’s Fitch’s BBB- rating based on?

Fitch cites a number of factors to back its BBB- rating for Crown Castle International Corp. (NYSE:CCI)’s fresh notes. The firm says that Crown has demonstrated strong and recurring cash flow generation trend, especially from the business of leasing wireless towers. The other compelling thing in the company is its strong EBITDA margins.

Fitch also takes note of Crown’s market focus, which is mainly in the U.S. According to Fitch, focusing on the U.S. means that Crown is exposed to slightly lower risks. As such, the lower risks profile also helps remove uncertainty in the company’s cash flow story. With better insight into the cash flow trend, balance sheeting deleveraging also becomes clearer.

Asset acquisitions

Crown Castle International Corp. (NYSE:CCI)’s recent asset transactions also make Fitch more confident in its BBB- rating on the new debt. For example, the firm cites that Crown acquired two key tower assets or at least gained rights to the towers in transactions with AT&T Inc. (NYSE:T)and T-Mobile US Inc (NYSE:TMUS). Crown used equity to finance $4.8 billion tower acquisition from AT&T in 2013. The company also took hold of wireless tower from T-Mobile in 2012 in a $2.5 billion transaction. These acquisitions highlight Crown’s progress in growing its asset portfolio for future growth.

Strong demand

The reason Fitch has faith in Crown Castle International Corp. (NYSE:CCI)’s new debt as well as the long-term future is that it sees strong demand ahead for its wireless towers. The growing demand for mobile broadband services and connection will push carriers to up their wireless network capacity and Crown is well-suited to fill the gap and benefit from the strong demand.

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In an environment of lower crude prices, oil companies are either losing money or not making enough of it to meet their needs. Some of these companies, mostly smaller ones, have had to put capital projects on hold, trim workforce and discontinue dividend payments. But their larger counterparts, such as Exxon, Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and BP plc (ADR) (NYSE:BP), are going a different direction. Executives at these large oil companies have ruled out the possibility of doing away with dividends no matter how hostile the business environment becomes.

So, what are they doing?

Exxon Mobil Corporation (NYSE:XOM), Shell, BP, Chevron Corporation (NYSE:CVX) and other large oil companies are willing to sell assets, lay off staff and put off asset acquisitions and raise debt to fund their dividend payments. They seem to be willing to impress their investors with short-term pleasures while risking the long-term. The trouble of unlocking funds through asset sale at this point is that they can’t fetch attractive prices. As for raising more debt, there is the risk of hurting credit rating, which could make it more difficult to borrow in the future.

But these looming risks aren’t enough to deter Exxon Mobil Corporation (NYSE:XOM) and peers from turning cash to shareholders when they should be preserving every bit of it. This year, Exxon, BP, Shell and Chevron are set to distribute over $35 billion to their shareholders in the form of dividends. Some of these companies have already had their credit ratings lowered while Exxon’s current AAA rating risks a downgrade.

Why stick to dividends when things aren’t right?

Maintaining image of a prestigious company may be forcing Exxon Mobil Corporation (NYSE:XOM) and peers to favor payouts over credit rating. Some analysts have also cited that millions of investors in these companies are retirees who depend on the dividends as they primary source income. That means that cutting dividends can cause serious life disruption for many investors, perhaps triggering massive selloffs.

In this situation, it is classical case of being between a rock and hard place of major oil companies. Not the least for Exxon Mobil Corporation (NYSE:XOM), which has consistently sweetened its dividends and endured previous difficulties.

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Government rallies support

The Chinese government is asking banks to support Yingli to remain in business and a number of lenders are said to be responding positively to the call. As such, there are reports that Yingli could receive a $300 million fresh cash injection from banks. Part of the negotiation with the banks is also said to include amending terms for certain pending debts.

Renegotiating debt terms with creditors could allow Yingli some breathing space as it works towards a dramatic reorganization. Yingli had about $1.9 billion in debt as of the end of 3Q2015, which possibly ballooned over the last three months of the year.

China Development Bank is said to be among the lenders willing to support Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) to remain in business. Part of the reason the Chinese government is willing to throw a lifeline at its struggling solar industry is that it hopes to preserve jobs in those sectors. If Yingli were to go out of business, the result could be chaotic for China’s labor market.

Curse of thoughtless capacity addition

Chinese solar panel companies shot themselves in the foot as they raced to add capacity that led to oversupply in the market. That triggered price declines amid soft demand. The situation has made it difficult for Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE) to fund its operations, forcing it to rely on debt to stay afloat.

Asset-backed bonds

Rallying banks to back the struggling solar industry appears to be just one in a series of measures the Chinese government is trying to work out for the industry. It is reported that the government is trying to encourage solar panel makers to take loans against their completed and commissioned solar farms. Those assets generate steady income and can attract investors who may not be willing to invest directly in the stocks of the struggling solar panel companies.

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The foreclosure of the shares was carried out by Deutsche Bank AG (USA) (NYSE:DB) after the ICA’s injunctions were suspended Deutsche Bank reportedly sold 33,162,600 of the series B OMA shares that were related to the foreclosure. The shares are 8.29% of the total series B and series BB OMA shares.

Apart from the shares involved in the foreclosure, ICA which is also the biggest infrastructure and construction firm in Mexico also has a 17.23% controlling interest in OMA through Series B and Series BB shares both directly and indirectly held by SETA and Aeroinvest both directly and indirectly. ICA itself is not under any loan agreement that involves a pledge with OMA shares.

The press release containing the information about the foreclosure also includes projections that are tied to the ICA. The expectations reflect what the company has in mind about its future and any events to come.  The events are as a result of various influences such as political and economic factors in the country. Banco Santander, S.A. (ADR) (NYSE:SAN) also announced in a different statement that it has concluded an equity swap in advance for a shareholder.

ICA defaulted on bonds worth $1.35 billion in December. Recently there has been speculation that the firm might receive support from financier, David Martinez and as a result, the shares escalated. This was after an article by Dario Celis of Excelsior newspaper stated that Martinez was planning to invest in the company. No comment about the matter has been made by both ICA and Martinez’s Fintech Advisory Inc.

ICA claims that it is yet to come up with a capitalization or restructuring plan. However, it plans to create a restructuring plan that will help it survive the tanking Mexican currency as well as the government cutbacks on infrastructure budgets.

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More growth in view

Fitch recalls Starbucks Corporation (NASDAQ:SBUX)’s solid growth trend in the recent years, saying that comps have been expanding at mid to high single-digit rate. The firm sees more comp growth for Starbucks going forward. The anticipated growth is expected to come from the company’s ongoing expansion through opening of new distribution points.

It also seems to Fitch that Starbucks is safe from surprise spike in the prices of key raw materials such as coffee because of its hedging strategy. The company has reportedly hedged a substantial portion of its anticipated 2016 coffee purchases at favorable prices. It is also negotiate hedging deals for 2017, which should allow the company to have a more predictable future.

Fitch predicts 7% spike in fiscal 2016 comps.

Financials

Fitch is impressed by Starbucks Corporation (NASDAQ:SBUX)’s financial practices whereby the company prioritizes reinvestment of excess cash. Additionally, the company also has a strong shareholder orientation, returning value to investors through consistent dividends and buybacks. Typically, Starbucks funds shares repurchases with cash generated organically.

Proceeds from the debt offering

Starbucks’ $500 million notes on offer will mature in 2021 and they attract a fixed interest rate of 2.100%. The company is hoping to use the proceeds from the notes offering to fund general corporate purposes such as acquisitions, business expansion, shares repurchases and dividend payments among others.

Starbucks Corporation (NASDAQ:SBUX) expects to close the notes offering on Feb. 4, 2016. The company had a debt of about $2.3 billion at the end of 2015.

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The worries about the rout in the oil market and its implications on Rowan’s cash flow appear to be overdone. It is true that lower oil prices has contributed to significant cut in drilling budgets and withholding of certain offshore projects where Rowan makes it money. However, Rowan is strong its own right.

Strong cash position

As of the end of 3Q2015, Rowan Companies PLC (NYSE:RDC) had total long-term debt of $2.8 billion. However, the company not only had a positive capital balance by the same time, but it also had $290 million of cash balance. In a recent update, the management highlighted the ongoing efforts to strengthen the balance sheet, saying the company retired $98 million of debt before maturing during 4Q. Additionally, the company pulled the plugs on dividends, thus allowing room to strengthen the balance sheet further by limiting cash outflow. Rowan expects withdrawal of dividends to save $50 million annually.

Rowan Companies PLC (NYSE:RDC)’s cash position may have increased to $480 million from $290 million during the last three months of 2015. That improvement in cash balance came despite the company spending about $100 million to pay down debt. Rowan is scheduled to report its 4Q2015 earnings towards the end of this month and that is when its liquidity position will be confirmed.

More signs of strength

With about $450 million in backlog for 2015, improving cash position and balance sheet cushion from $1.5 billion in credit facility through 2019, you don’t see Rowan Companies PLC (NYSE:RDC) as a company hanging precariously because of debt. Rowan recently extended its revolving credit facility to 2021 to further allow it more financial flexibility.

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Topline performance

Banco de Chile (ADR)(NYSE:BCH)generated operating revenue of Ch$432 billion in F3Q2015, which rose 11.9% over a similar quarter a year ago. The company explained that a series of factors contributed to the revenue gain in the quarter. Higher than expected inflation, 17% uptick in fee-based income and Ch$3.8 billion benefit from positive forex impact support the topline improvement in the quarter. Sales of loans also generated more in income in F3Q2015 than a year ago.

It is also worth pointing out at this juncture that Banco’s growth was also boosted by Ch$564 billion loan portfolio acquisition. That’s why loans in the quarter rose 12.3% YoY and 6% QoQ. With the impact of the loan acquisition, organic loan growth would have been 9.7% YoY and 3.6% QoQ.

Bottom-line

Banco de Chile (ADR)(NYSE:BCH)’s bottom-line was a mixed bag, largely leaning on the negative but not quiet alarming. Profit of Ch$134 billion in F3Q2015 descended 20% from the previous quarter and also dropped from the year-ago quarter by 15.7%. However, the management was quick to explain what transpired that led to weak profit metric. According to Banco, headwinds from a number of one-time shocks took the glory out of the bottom-line number. One of the waves that hit Banco’s bottom-line in 3Q was increase in loan loss provisions. The bank had boosted its allowances reserve as a measure to enable it cope with unforeseen economic shocks.

The other adverse impacts on the bottom-line were contributed to by higher income tax and a spike in operating expenses, mainly because of inflation that increased salary burden.

Strong topline growth supports bottom-line

Banco’s bottom-line could have been hit harder by the one-time effects had it not been for the decent topline growth in the quarter.

Having outperformed its expectations in 3Q despite the many challenges, Banco de Chile (ADR)(NYSE:BCH)is confident of hitting more milestones in 2016.

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Direxion Daily Financial Bull 3X shares (FAS) gained 2%; Direxion Daily Financial Bear 3X Shares (FAZ) was inactive. Opus Bank (OPB), a California-chartered commercial bank, has joined the S&P Regional Banks Select Industry Index and the S&P Total Market Index. The change is effective December 18. The Regional Banks Select Industry Index captures 90 stocks in the S&P Total Market Index that are classified in the Global Industry Classification Standard regional banks sub-industry. Technology Technology Select Sector SPDR ETF (XLK) was leaning higher, iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive after a lower close Friday. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was also flat. Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were unchanged. Shares of AU Optronics (AUO), a Taiwan-based maker of thin-film displays for computers and mobile devices, traded up pre-bell following reports of a possible tie-in with Apple (AAPL). AU traded up 6.23% pre-bell to $2.73, inside a 52-week range of $2.38 to $6.03 a share. Apple has opened a production laboratory in northern Taiwan to work on thinner display screens, Bloomberg reported. AUO has worked with Apple in the past, on thin-screens for phones. Commodities Crude was down 1.3%. United States Oil Fund (USO) fell 0.7%.

Natural gas was up 1.2%. United States Natural Gas Fund (UNG) was up 0.6%. Gold was up 1.5% and SPDR Gold Trust (GLD) gained 0.4%. Silver was up 3.1% and iShares Silver Trust (SLV) was up 0.3%. Consumer Consumer Staples Select Sector SPDR (XLP) is edging higher, iShares Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were flat after closing lower Friday. Consumer Discretionary Select Sector SPDR (XLY) were up 0.14%, SPDR S&P Retail (XRT) rose 0.3%, PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were unchanged. Garnero Group Acquisition Company (GGAC), a special investment vehicle formed to make an acquisition, has amended the terms of its proposed merger with Brazilian retailer Grupo Colombo to take into account changes in foreign exchange rates. GGAC will now issue 4 million shares to Grupo Colombo’s shareholders down from 6 million originally, while a cash contribution to the group and an obligation to raise $100 million through a private placement of new Garnero Group shares have been eliminated. Health Care Health Care SPDR (XLV) gained 0.5%, iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were flat after a lower close. Meanwhile, Biotech ETF iShares NASDAQ Biotechnology Index (IBB) rose 0.3%. Lion Biotechnologies (LBIO) jumps more than 5% after the company says it has entered into a collaboration to conduct clinical and preclinical research in immuno-oncology with MedImmune. Lion will fund and conduct two Phase 2a clinical trials combining MedImmune’s investigational PD-L1 inhibitor durvalumab with TIL for the treatment of patients with metastatic melanoma, and head and neck cancer. MedImmune will supply durvalumab for the clinical trials. The purpose of the studies is to establish a dosing regimen for this combination therapy and assess its safety and efficacy. Active broad-market exchange-traded funds in Friday’s regular session: SPDR S&P 500 (NYSEARCA:SPY): -1.2% VIX Short-Term Futures ETN Ipath (VXX): +6.3% SPDR Select Sector Fund – Financial (XLF): -2.6% iShares MSCI Japan Index Fund (EWJ): -1.3% iShares MSCI Emerging Index Fund (EEM): -0.1%

The ETF is up 0.75% or $1.5 after the news, hitting $201.52 per share. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declined 6.14% since May 18, 2015 and is downtrending. It has underperformed by 0.33% the S&P500.

SPDR S&P 500 ETF Trust is an exchange traded fund. The ETF has a market cap of $172.65 billion. The Trust corresponds to the price and yield performance of the S&P 500 Index. It currently has negative earnings. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups.

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The stock closed at $19.86 during the last session. It is down 33.82% since May 18, 2015 and is downtrending. It has underperformed by 28.01% the S&P500.

Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The companyÂ’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, including the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities. The companyÂ’s Oil and Gas Infrastructure Services segment provides network solutions to customers involved in the development and transportation of natural gas, oil, and other pipeline products.

Its services include the design, installation, repair, and maintenance of pipeline transmission and distribution systems, gathering systems, production systems, and compressor and pump stations, as well as related trenching, directional boring, and automatic welding services. This segment also provides pipeline protection; integrity testing; rehabilitation and replacement; fabrication of pipeline support systems, and related structures and facilities; and infrastructure services for the offshore and inland water energy markets. In addition, it designs, installs, and maintains fueling systems, as well as water and sewer infrastructure. The companyÂ’s Fiber Optic Licensing and Other segment designs, procures, constructs, maintains, and owns fiber optic telecommunications infrastructure, as well as licenses the right to use these point-to-point fiber optic telecommunications facilities to its customers. This segment offers its services to communication carriers, as well as education, financial services, healthcare, and other businesses. The company was founded in 1997 and is headquartered in Houston, Texas.

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The company intends to use the proceeds from the facilities to fund its proposed acquisition of Rite Aid Corporation (RAD). Drawings from the facilities are subject to the closing of this acquisition. The acquisition is expected to close in the second half of 2016, subject to regulatory approvals and other customary closing conditions. Shares closed 1% lower on Friday, December 21, below the midpoint of the 52-week range of $73.00 – $97.30.

The stock decreased 1.00% or $0.83 on December 18, hitting $82.51. Walgreens Boots Alliance Inc (NASDAQ:WBA) has declined 4.46% since May 18, 2015 and is downtrending. It has outperformed by 1.35% the S&P500.

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services; and manages in-store clinics under the brand Healthcare Clinic.

As of August 31, 2015, this segment operated 8,173 retail stores under the Walgreens and Duane Reade brands in the United States; and 7 specialty pharmacy locations, as well as managed approximately 400 Healthcare Clinics. The Retail Pharmacy International segment sells prescription drugs; and health, beauty, toiletry, and other consumer products through its pharmacy-led health and beauty stores, as well as through boots.com and BootsWebMD.com. It is also involved in optical practice and related contract manufacturing operations. This segment operated 4,582 retail stores under the No7, Boots Pharmaceuticals, Botanics, Liz Earle, Soap & Glory, and only at Boots brand names in the United Kingdom, Mexico, Chile, Thailand, Norway, the Republic of Ireland, the Netherlands, and Lithuania; and 637 optical practices in the United Kingdom. The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home healthcare supplies and equipment, as well as provides services to pharmacies and other healthcare providers. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

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The stock increased 1.32% or $0.23 on December 18, hitting $17.7. About 71,125 shares traded hands or 33.88% up from the average. Exactech, Inc. (NASDAQ:EXAC) has declined 17.71% since May 18, 2015 and is downtrending. It has underperformed by 13.90% the S&P500.

Exactech, Inc. develops, manufactures, markets, distributes, and sells orthopedic implant devices, related surgical instrumentation, and biologic services to hospitals and physicians in the United States and internationally. It offers knee implant systems that address orthopedic surgeonsÂ’ concerns for contact stress, patellar tracking, polyethylene wear, joint stability, bone preservation, and instrumentation; extremities products comprising Equinoxe, a platform shoulder system for the treatment of degenerative disease and trauma; and hip implant systems that address hip arthroplasty, hip fractures, and complex primary hip surgeries.

The company also offers biologics and spine products for the healing and regeneration of bone and soft tissues; distributes allograft tissue implants for oral and dental applications; and markets OpteMx, a tri-calcium phosphate/hydroxyapatite based synthetic bone graft substitutes. In addition, it provides Ossigen, a 3D matrix of collagen and an organic bone mineral processed into blocks for surgical implantation for the repair of bony defects in the spine, extremities, and pelvis; the InterSpace hip, knee, and shoulder spacers; AcuDriver, an air-driven impact handpiece that surgeons could use during joint implant revision procedures to remove failed prostheses and bone cement; and Cemex Genta bone cement. The company markets its orthopedic implant products through a network of independent sales agencies, direct sales representatives, and independent distributors to hospitals, surgeons and other physicians, and clinics. Exactech, Inc. was founded in 1985 and is headquartered in Gainesville, Florida.

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The stock closed at $0.61 during the last session. It is down 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Grande West Transportation Group Inc. is a bus manufacturing firm in the business of marketing and selling a community shuttle bus. The company has a market cap of $29.43 million. The Firm has developed a 27.5 foot bus, known as the Vicinity. It currently has negative earnings. The Vicinity is a Canadian-designed, community shuttle bus targeting the demand for compact buses in the North American transit market.

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The stock closed at $0.015 during the last session. It is down 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Westcore Energy Ltd. is a Canada-based exploration stage company. The company has a market cap of $577,030. The Firm is engaged in the business of acquiring, exploring and developing resource properties in Western Canada. It currently has negative earnings. The Company’s assets consist primarily of its working interests in the Riverside gas and oil field in south western Saskatchewan.

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Direxion Daily Financial Bull 3X shares (FAS) was down 5.1%; Direxion Daily Financial Bear 3X Shares (FAZ) was up 5.2%. Morgan Stanley (MS) shares were lower by more than 2% on Friday after the Wall Street Journal reported the bank plans to cut as many as 5% of its equities-trading employees in early 2016. The cuts will affect about 100 people globally, the Journal said. Technology Tech funds were lower, slightly behind the broader market. Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were weaker. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was up 0.1%. Semiconductor ETFs, SPDR S&P Semiconductor (XSD) was down 0.8%, while Semiconductor Sector Index Fund (SOXX) was down 1.2%. Red Hat (RHT) was up 2.6% after the company reported slightly better-than-expected Q3 results, raised its FY16 revenue outlook, and guided FY16 EPS a penny above analysts’ views. For Q3 ended Nov. 30, adjusted earnings were $89 million or $0.48 per share, up from $79 million or $0.42 per share a year earlier and beating the mean estimate by two cents. Revenues rose 15% year-on-year to $524 million, narrowly topping the $521.5 million consensus. For the full-year, the company expects adjusted EPS of $1.86 a share, a penny above consensus forecasts, and revenues of $2.04 billion to $2.05 billion, up from a prior view of $2.03 billion to $2.04 billion. Analysts are expecting revenues of $2.04 billion. Q4 adjusted EPS is seen at $0.47 with revenues of $535 million to $539 million. Analysts are expecting adjusted EPS of $0.48 on sales of $533.2 million. Commodities Crude was down 0.7%. United States Oil Fund (USO) was up 0.7%.

Natural gas was up 0.3%. United States Natural Gas Fund (UNG) was up 0.7%. Gold was up 1.5% and SPDR Gold Trust (GLD) was up 1.6%. Silver was up 3.1% and iShares Silver Trust (SLV) was up 3.6%. Consumer Consumer staples funds were in negative territory, matching the broader market. Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were in the red. Consumer discretionary and retail funds were also weaker, in line the broader market. Consumer Discretionary Select Sector SPDR (XLY), SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were weaker. Carnival (CCL) was up 4.4% after the cruise-line operator reported Q4 adjusted net income of $389 million, or $0.50 per share, beating the consensus estimate from Capital IQ of $0.41 per share. For the same quarter of 2014, the company had net income of $104 million, or $0.27 per share. Total revenue of $3.71 billion was slightly below the estimated $3.72 billion and is down 0.3% from Q4 2014. For Q1 2016, Carnival is forecasting EPS of $0.28 to $0.32 versus $0.20 per share for Q1 2015, but within analyst’s estimates of $0.31 per share. For FY 2016, the company expects a 3% increase in net revenue yields with EPS of $3.10 to $3.40, up from 2015 adjusted earnings of $2.70 per share, but within analysts estimates of $3.30 per share. Health Care Health care funds were in the red, in line with the broader market. Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. Meanwhile, Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was up 0.1%. Biota Pharmaceuticals (BOTA) was up 8.1% after it said it has completed an initial Phase 1 single ascending dose trial of BTA585, an oral respiratory syncytial virus fusion inhibitor to treat RSV infections and top line data showed the medication was well tolerated and there were no serious adverse effects. The company plans to present the full data from this trial at an upcoming scientific meeting in 2016. “Given the significant demand for a new modality to treat potentially life-threatening RSV infections in the pediatric, elderly, and immunocompromised patient populations, we are pleased with the progress we’ve made with BTA585 and look forward to building upon the momentum by initiating a Phase 2 trial in the first half of 2016,” said president and CEO Joseph Patti.

The ETF decreased 1.78% or $3.63 on December 18, hitting $200.02. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declined 6.14% since May 18, 2015 and is downtrending. It has underperformed by 2.33% the S&P500.

SPDR S&P 500 ETF Trust is an exchange traded fund. The ETF has a market cap of $175.60 billion. The Trust corresponds to the price and yield performance of the S&P 500 Index. It currently has negative earnings. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups.

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The stock increased 6.84% or $0.046 on December 18, hitting $0.72. About 1.11 million shares traded hands. Atlas Resource Partners, L.P. (NYSE:ARP) has declined 91.19% since May 18, 2015 and is downtrending. It has underperformed by 87.38% the S&P500.

Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Management.

As of May 18, 2015, it owned interest in approximately 14,000 producing natural gas and oil wells located primarily in Appalachia, the Barnett Shale and the Eagle Ford Shale (Texas), the Mississippi Lime (Oklahoma), the Raton Basin (New Mexico), Black Warrior Basin (Alabama), and the Rangely Field (Colorado). The company had estimated proved reserves of 1,429 billion cubic feet equivalent. In addition, it sponsors and manages tax-advantaged investment natural gas and oil partnerships. The company was founded in 2011 and is based in Pittsburgh, Pennsylvania.

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The stock increased 1.63% or $0.02 on December 18, hitting $1.25. About 125,300 shares traded hands or 14.41% up from the average. Wesdome Gold Mines Ltd (TSE:WDO) has risen 9.65% since May 18, 2015 and is uptrending. It has outperformed by 13.46% the S&P500.

Wesdome Gold Mines Ltd. is a Canada gold mining company. The company has a market cap of $159.45 million. The Firm is engaged in mining, exploration and development of gold. It currently has negative earnings. The Company’s properties include Eagle River property, including the Eagle River Mine and the Mishi property, and the Wesdome properties, including the Kiena Mine and the Wesdome deposit.

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Net proceeds are expected to be about $0.9 million. Net proceeds will go for general corporate purposes. Recently, URRE was down on heavy volume of 520,530 shares. Average daily volume is 76,000 shares. Earlier, shares hit $0.42, setting a new all-time low.

The stock decreased 23.22% or $0.121 on December 18, hitting $0.4. About 931,314 shares traded hands or 1001.00% up from the average. Uranium Resources, Inc. (NASDAQ:URRE) has declined 68.75% since May 18, 2015 and is downtrending. It has underperformed by 64.94% the S&P500.

Uranium Resources, Inc. engages in the exploration, development, and production of uranium. The company has in-situ recovery projects and two licensed processing facilities in the State of Texas. It also owns interest in approximately 195,000 acres of mineral holdings in the prolific Grants Mineral Belt of the State of New Mexico; and 17,000 acres in the South Texas uranium province. The company was founded in 1977 and is based in Centennial, Colorado.

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The stock decreased 1.86% or $0.21 on December 18, hitting $11.11. About 1.22 million shares traded hands or 376.10% up from the average. First Potomac Realty Trust (NYSE:FPO) has risen 2.78% since May 18, 2015 and is uptrending. It has outperformed by 6.58% the S&P500.

First Potomac Realty Trust, a real estate investment trust (REIT), engages in the ownership, development, redevelopment, and operation of industrial properties and business parks in the Washington, D.C. metropolitan area, and other markets in Maryland and Virginia. As of March 31, 2008, it owned approximately 11.4 million square feet. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. First Potomac Realty Trust was founded in 1997 and is based in Bethesda, Maryland.

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Upon completion of the Transaction, the combined entity is expected to continue to explore with a view to developing the known resource contained in the Wawa Gold Project. Benefits of the Transaction Red Pine and Augustine believe the Transaction will be accretive and will add to shareholder value, with benefits that include the following: consolidation of the Wawa Gold Project into one leading exploration company with an experienced exploration and development management team; reduced corporate costs by merging two publicly listed companies into one publicly listed company; and increased liquidity and exposure for the Resulting Issuer. Red Pine is expected to conduct a non-brokered private placement of securities for aggregate gross proceeds of up to $750,000. Augustine is expected to conduct a brokered private placement of securities for aggregate gross proceeds of up to $1 million.

The stock decreased 16.67% or $0.01 on December 18, hitting $0.05. About 279,000 shares traded hands or 538.59% up from the average. Red Pine Exploration Inc. (CVE:RPX) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Red Pine Exploration Inc. is a Canada junior exploration company. The company has a market cap of $3.46 million. The Firm is engaged in identification, acquisition and exploration of gold and base metal projects in Northern Ontario, Canada. It currently has negative earnings. The Cayenne-Chili property is situated in the Genoa and Marion Townships of the Porcupine Mining Division, located 110 kilometers southwest of Timmins, Ontario and covers an area of approximately 4096 hectares.

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The stock is 0.00% or $0 after the news, hitting $0 per share. It is down 61.34% since May 22, 2015 and is downtrending. It has underperformed by 57.53% the S&P500.

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The stock closed at $0.03 during the last session. It is down 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Red Tiger Mining Inc. is engaged in copper cathode production, and in the exploration and development of copper and gold projects through its wholly owned subsidiary, Minerales Libertad, S.A. de C.V. at San Antonio de la Huerta, in the state of Sonora, Mexico. The company has a market cap of $3.86 million. The Company’s projects include Luz del Cobre (LdC) and San Antonio. It currently has negative earnings. The LdC project is located in San Antonio de la Huerta, in the state of Sonora, Mexico, approximately 160 kilometers east of Hermosillo, the capital city of Sonora.

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The stock increased 18.00% or $0.045 on December 18, hitting $0.295. About 100,230 shares traded hands. Largo Resources Ltd (CVE:LGO) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Largo Resources Ltd. is a Canada natural resource development and exploration company. The company has a market cap of $50.37 million. The Firm has vanadium and tungsten projects in Brazil and Canada. It currently has negative earnings. In Brazil, Largo holds a 99.84% interest in the Maracas Menchen Mine, which is located in the eastern Bahia State of Brazil; a 100% interest in the Currais Novos tungsten tailings project, which is located approximately 179 kilometers from Natal in the State of Rio Grande do Norte, Brazil and a 100% interest in the Campo Alegre de Lourdes iron-vanadium project, which is located approximately 875 kilometers north-northeast of Brasilia and approximately 650 kilometers northwest of Salvador and covers an area of approximately 9,275 hectares.

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The stock decreased 8.33% or $0.02 on December 18, hitting $0.22. About 69,000 shares traded hands or 223.65% up from the average. Legend Power Systems Inc (CVE:LPS) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Legend Power Systems Inc. is a Canada electrical energy conservation company. The company has a market cap of $11.98 million. Legend and its wholly owned subsidiaries, 0809882 B.C. It currently has negative earnings. Ltd., Legend Power Systems Corp. and LPSI (Barbados) Limited, is engaged in marketing a device designed to provide energy savings through voltage optimization to commercial and industrial customers.

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The fashion distributor has also granted the underwriters a 30-day option to purchase up to an additional 281,250 shares of common stock to cover over-allotments, if any. If the total over-allotment is exercised, Naked expects gross proceeds from the offering to be approximately $8.625 million. Subject to customary conditions, Naked expects the offering to close on or about Dec. 23, 2015. NAKD shares fell more than 4% in early trading to $3.82.

The stock decreased 0.50% or $0.02 on December 18, hitting $3.98. About 136,442 shares traded hands or 4736.65% up from the average. Naked Brand Group Inc (NASDAQ:NAKD) has declined 1.49% since May 18, 2015 and is downtrending. It has outperformed by 2.32% the S&P500.

Naked Brand Group Inc. designs, manufactures, and sells men’s innerwear, lounge apparel, and sleepwear products in the United States and Canada. It offers a range of innerwear products, including trunks, briefs, boxer briefs, undershirts, t-shirts, and lounge pants under the Naked brand name. The company sells its products to consumers and retailers through wholesale channels; and direct-to-consumer channel, which consists of an online e-commerce store, thenakedshop.com. Naked Brand Group Inc. is headquartered in New York, New York.

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The stock decreased 5.28% or $0.15 on December 18, hitting $2.69. About 52,670 shares traded hands. DS Healthcare Group Inc (NASDAQ:DSKX) has risen 15.45% since May 18, 2015 and is uptrending. It has outperformed by 19.26% the S&P500.

DS Healthcare Group, Inc., doing business as DS Laboratories, develops and markets hair care, skin care, and personal care products in North America and internationally. Its hair care products include Revita and Revita LT shampoos, and Revita.Cor conditioner for hair growth stimulation; Dandrene, an antifungal shampoo to treat itchy scalp and dandruff; and Spectral line of products comprising Spectral.DNC spray formula, Spectral.DNC-L lotion, and Spectral DNC-N to re-grow hair through various pathways, as well as Spectral.RS, a topical treatment for men and women with advanced androgenic alopecia. The companyÂ’s skin care products comprise Hydroviton, a skin cleanser for oily and acne prone skin; Keramene, which is used to suppress hair growth and soften remaining hair strands; Oligo.DX, a cream to enhance the appearance of cellulite from womenÂ’s thighs, hips, and buttocks; and Trioxil, an acne cream.

Its personal care products consist of Nirena, an intimate feminine care cleanser; and Spectral Lash, a product based on advanced bio-peptides that are designed to grow and enhance the length and girth of eyelash hair. DS Healthcare Group, Inc. markets and sells its products under the DS Laboratories, Polaris Labs, and Sigma Skin brands through salons, spas, department stores, specialty retailers, and distributors. The company was formerly known as Divine Skin, Inc. and changed its name to DS Healthcare Group, Inc. in November 2012. DS Healthcare Group, Inc. is headquartered in Pompano Beach, Florida.

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The stock decreased 0.93% or $0.03 during the last trading session, hitting $3.2. About 28.29 million shares traded hands or 17.88% up from the average. Vale SA (ADR) (NYSE:VALE) has declined 52.10% since May 18, 2015 and is downtrending. It has underperformed by 48.29% the S&P500.

Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet. This segment is also involved in the production and extraction of manganese, ferroalloys, and others ferrous products and services; and extraction of coal, as well as in the provision of railroad, port, and terminal logistics services. The companyÂ’s Base Metals segment produces and extracts non-ferrous minerals, including nickel and copper.

Its Fertilizers segment provides a group of nutrients, such as potash, phosphates, and nitrogen. The company also invests in energy generation through operating hydroelectric plants and centers, as well as produces steel. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil. Vale S.A. operates as a subsidiary of Valepar S.A.

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In an 8-K filing with the SEC, Peabody Energy (NYSE:BTU) has confirmed that it is in negotiations with its lenders to reissue new debt instruments in an effort to optimizing liquidity and deleveraging. The company has raised the possibility of borrowing an additional $400 million, as well as a potential plan to raise $150 million in debt financing secured by certain of its Australian assets, and a $250 million secured letter of credit facility. Shares last traded at $7.99 in pre-market, near the low of its 52-week range of $7.06 to $129.30.

The stock increased 1.60% or $0.12 during the last trading session, hitting $7.61. About 2.37 million shares traded hands or 192.52% up from the average. Peabody Energy Corporation (NYSE:BTU) has declined 87.04% since May 18, 2015 and is downtrending. It has underperformed by 83.23% the S&P500.

Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.

It also offers direct and brokered trading of coal and freight-related contracts. In addition, the company operates a mine-mouth coal-fueled generating plant; manages its coal reserve and real estate holdings; and supports the development of Btu Conversion and clean coal technologies. Peabody Energy Corporation was formerly known as P&L Coal Holdings Corp and changed its name to Peabody Energy Corporation in April, 2001. The company was founded in 1883 and is headquartered in St. Louis, Missouri. Peabody Energy Corporation is a former subsidiary of Energy Group, PLC.

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If all warrant holders elect to engage in these cashless exercises, the company will issue an aggregate of approximately 36.5 million common shares pursuant to such exercises. “Operationally, we believe these agreements and subsequent warrant exercises will improve our attractiveness to potential commercial partners as we near milestones in our US osteoarthritis and US and European scleroderma programs,” CEO Marc Hedrick said. Consenting holders of the warrants will receive approximately 0.73 shares for each cashless exercise of a warrant on a blended average basis, with specific conversion factors dependent on the class of warrant held. As a result of the expected warrant exercises, it expects there to be approximately 195 million common shares issued and outstanding and no warrants with anti-dilution price protection at the end of the year. As of Sept. 30, there were approximately 50.1 million warrants with anti-dilution price protection outstanding. CYTX trades near the bottom of the 52-week range between $0.23 and $1.47.

The stock decreased 22.82% or $0.062 on December 18, hitting $0.21. About 12.73 million shares traded hands or 871.76% up from the average. Cytori Therapeutics Inc (NASDAQ:CYTX) has declined 70.00% since May 18, 2015 and is downtrending. It has underperformed by 66.19% the S&P500.

Cytori Therapeutics, Inc., a biotechnology company, develops cell therapeutics for specific diseases and medical conditions. The company primarily provides Cytori Cell Therapy consisting of a heterogeneous population of specialized cells, including stem cells for the treatment of patients with scleroderma hand dysfunction, orthopedic disorders, cardiovascular disease, urinary incontinence, and thermal burns combined with radiation injury. It also offers Celution System devices and consumable sets, and other ancillary products for the customers developing new therapeutic applications for Cytori Cell Therapy in Europe, Japan, and other regions. The company markets its products to hospitals, clinics, tissue banks, and stem cell banking companies through direct sales representatives, distributors, and partners worldwide. Cytori Therapeutics, Inc. was founded in 1996 and is headquartered in San Diego, California.

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Gramercy Property Trust (GPT) was up 4.7% after it said late Thursday that it has completed its merger with Chambers Street Properties (CSG) and has secured $2.2 billion in new financings. The facility consists of an $850 million senior unsecured revolving credit facility, a $300 million three-year term loan and a $750 million five-year term loan. The combined company also entered into a new $175 million seven-year senior unsecured term loan. In addition, the combined company announced that the combined company completed the private placement of $150 million in senior unsecured notes. The notes have a fixed interest rate of 4.97% and are due December 2024. $100 million of the private placement was funded concurrent with the closing of the merger and $50 million is expected to fund in January 2016. Technology Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive. SPDR S&P International Technology Sector ETF (IPK) was also unchanged. Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were flat in pre-market trading. BlackBerry (BBRY) was up 2.8% after the company reported a maller than expected fiscal Q3 loss while its revenue far exceeded expectations. The provider of mobile communications and services said its non-GAAP loss in the quarter ended Nov. 28 was $0.03, smaller than the $0.16 average loss than had been expected by analysts polled by Capital IQ. GAAP- revenue fell to $548 million from $793 million and beat the $488 million consensus estimate. Looking ahead, BlackBerry said it continues to expect positive free cash flow and adjusted EBITDA. Energy Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) were flat in the pre-market session.

Vanguard Natural Resources (VNR) was down 1.2% after the developer of oil and gas properties, Friday said its monthly dividend has been reduced to $0.03 per common unit from the $0.1175/unit. The dividend for the month of November will be paid on January 14 to unit holders of record on January 4. Commodities Crude was down 0.5%. United States Oil Fund (USO) was up 0.2%. Natural gas futures were up 0.4%. United States Natural Gas Fund (UNG) was down 0.4%. Gold was down 0.3% and SPDR Gold Trust (GLD) was up 0.7%. Silver was up 0.9% and iShares Silver Trust (SLV) was up 1%. Health Care Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was down 1.1%. Johnson & Johnson (JNJ) was down 1% after Bavarian Nordic A/S said it has entered an agreement with the company’s Janssen Pharmaceuticals unit for licensing and collaboration in the development of a therapeutic human papillomavirus vaccine. Under the terms of the deal, Janssen will buy the exclusive rights to Bavarian Nordic’s MVA-BN technology for use in a prime-boost vaccine regiment together with Janssen’s AdVac technology, with the purpose of targeting all cancers induced by human papillomavirus. Janssen will make an upfront payment of $9 million to Bavarian Nordic as well as potential future payments upon reaching development and commercial milestones, together totaling up to $171 million. Janssen will fund all development costs, and Bavarian Nordic will undertake all manufacturing related to MVA-BN. Furthermore, Bavarian Nordic is entitled to receive single-digit tiered royalties on future product sales.

The ETF decreased 1.78% or $3.63 during the last trading session, hitting $200.02. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declined 6.14% since May 18, 2015 and is downtrending. It has underperformed by 2.33% the S&P500.

SPDR S&P 500 ETF Trust is an exchange traded fund. The ETF has a market cap of $175.60 billion. The Trust corresponds to the price and yield performance of the S&P 500 Index. It currently has negative earnings. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups.

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The stock increased 5.15% or $1.27 during the last trading session, hitting $25.95. About 463,846 shares traded hands or 509.25% up from the average. Iradimed Corp (NASDAQ:IRMD) has risen 38.65% since May 15, 2015 and is uptrending. It has outperformed by 42.46% the S&P500.

IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible products in the United States and internationally. It offers non-magnetic intravenous (IV) infusion pump systems, IV tubing sets, IV poles, wireless remote displays/controls under the mRidium name; side car pump modules; dose error reduction systems; Masimo SET SpO2 monitoring products; and MRI Pulse oximeters, and MRI oximeter remotes and displays under the iMagox name used during MRI procedures. The company sells its products primarily to hospitals, acute care facilities, and outpatient imaging centers. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.

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The stock decreased 16.04% or $0.3 on December 18, hitting $1.57. About 385,358 shares traded hands or 1021.27% up from the average. eMagin Corporation (NYSEMKT:EMAN) has declined 30.22% since May 15, 2015 and is downtrending. It has underperformed by 26.42% the S&P500.

eMagin Corporation designs, manufactures, and supplies organic light emitting diode (OLED) on silicon microdisplays; virtual imaging products that utilize OLED microdisplays; and related products. It offers super video graphics array + OLED microdisplays; super extended graphics array OLED-XL; widescreen ultra extended graphics array OLED-XL; video graphics array OLED-XL; digital super video graphics array OLED-XL; and WF05 prism optic with mounting brackets or combined with OLED microdisplays to form an optic-display module. The company also provides design reference kits, which include a microdisplay and associated electronics to help original equipment manufacturers (OEMs) evaluate microdisplay products; and near-eye virtual imaging modules that incorporate its OLED-on-silicon microdisplays with its lenses and electronic interfaces for integration into OEM products. It serves OEMs in the military, industrial, medical, and consumer market sectors. The company sells its products directly in North America, Asia, and Europe; and through distributors in China and Korea. eMagin Corporation was founded in 1993 and is headquartered in Hopewell Junction, New York.

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The stock is up 63.82% or $0.31 after the news, hitting $0.795 per share. About 1.94M shares traded hands or 979.46% up from the average. Nanosphere, Inc. (NASDAQ:NSPH) has declined 87.59% since May 15, 2015 and is downtrending. It has underperformed by 83.79% the S&P500.

Nanosphere, Inc. develops, manufactures, and markets molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment, and enhanced healthcare economics. It offers a molecular diagnostics platform, Verigene System platform that enables clinicians to identify and treat the bacteria and viruses for complex, costly, and deadly infectious diseases.

The Verigene System includes a bench-top molecular diagnostics workstation for genomic and protein testing. The Verigene System is used for testing infectious disease assays, human and pharmacogenetic assays, and ultra-sensitive protein assays. The company focuses on serving hospital-based laboratories and academic research institutions in the United States. Nanosphere, Inc. was founded in 1998 and is headquartered in Northbrook, Illinois.

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The stock is up 9.20% or $2.27 after the news, hitting $26.95 per share. About 357,723 shares traded hands or 369.86% up from the average. Iradimed Corp (NASDAQ:IRMD) has risen 38.65% since May 15, 2015 and is uptrending. It has outperformed by 42.46% the S&P500.

IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible products in the United States and internationally. It offers non-magnetic intravenous (IV) infusion pump systems, IV tubing sets, IV poles, wireless remote displays/controls under the mRidium name; side car pump modules; dose error reduction systems; Masimo SET SpO2 monitoring products; and MRI Pulse oximeters, and MRI oximeter remotes and displays under the iMagox name used during MRI procedures. The company sells its products primarily to hospitals, acute care facilities, and outpatient imaging centers. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.

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The stock is up 1.04% or $0.17 after the news, hitting $16.49 per share. About 28,000 shares traded hands. Sleep Country Canada Holdings Inc (TSE:ZZZ) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Sleep Country Canada Holdings Inc is a Canada mattress retailer. The company has a market cap of $626.61 million. The Firm provides sleep products and accessories, such as bed frames, pillows, mattress pads, sheets, duvets, headboards and footboards. It currently has negative earnings. The Firm provides its mattress products under various brands, such as Sealy, Serta, Simmons, Kingsdown, Contour Collection, Tempur-Pedic, iComfort, Sunset Collection, Dormeo Octaspring and Natura.

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IntercontinentalExchange Group (NYSE:ICE) shares were down more than 1% on Thursday after it said stockholders have completed the sale of 5.7 million shares in a previously announced secondary offering. ICE trades in the upper half of the 52-week range between $202.24 and $266.74.

The stock closed at $248.37 during the last session. It is down 4.02% since May 15, 2015 and is uptrending. It has outperformed by 7.83% the S&P500.

Intercontinental Exchange, Inc. operates a network of regulated exchanges and clearing houses for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. The company operates marketplaces for trading and clearing a range of securities and derivatives contracts in various asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds, and currencies.

It primarily provides trade execution, listing, price discovery and transparency, trade processing and repositories, clearing, benchmark administration, and market data services. The company operates exchanges and marketplaces, such as ICE Futures Europe, ICE Futures U.S., ICE Futures Canada, ICE Endex, NYSE Amex Options, NYSE Arca, and ICE Futures Singapore, as well as over-the-counter markets for physical energy and credit default swaps, and central counterparty clearing houses. It serves financial institutions, corporations, manufacturers, utilities, commodity producers and consumers, institutional and individual investors, and governmental bodies. The company was founded in 2000 and is headquartered in Atlanta, Georgia.

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The proceeds from the Offering of the Flow-through Shares will be used by Manitok to earn eligible Canadian exploration expenses. Upon completing the minimum equity raise, Manitok’s credit facility will be revised to $60 million in January 2016. The previously reported $10 million payment in March 2016 and $20 million payment in May 2016 will no longer be required. The credit facility will be up for a customary review in June 2016.

The stock increased 7.69% or $0.01 on December 17, hitting $0.14. About 49,900 shares traded hands. Manitok Energy Inc. (CVE:MEI) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Manitok Energy Inc. is a Canada-based junior gas and oil exploration, development and production company. The company has a market cap of $11.91 million. The Firm is engaged in the exploration for, and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. It currently has negative earnings. The Firm conducts its activities in the Western Canadian Sedimentary Basin and in Alberta.

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The second tranche will consist of up to US$35 million in new convertible Series C Preferred Shares of ICPUSA. In addition, certain amendments will be made to the existing Series A Preferred Shares of ICPUSA held by Cartesian. Closing of Tranche 1 of the investment is subject to customary closing conditions including final agreement between the parties on the Tranche 1 use of proceeds, confirmatory due diligence, final approval by Cartesian’s investment committee, negotiation and execution of customary definitive legal documentation. It is anticipated that closing of Tranche 1 will take place in mid-January, 2016. IC Potash’s shares last traded at $0.07.

The stock increased 20.00% or $0.01 on December 17, hitting $0.06. About 1.04M shares traded hands or 436.06% up from the average. IC Potash Corp. (TSE:ICP) has declined 76.92% since May 15, 2015 and is downtrending. It has underperformed by 73.11% the S&P500.

IC Potash Corp. is a Canada development-stage mining company. The company has a market cap of $10.37 million. The Firm is engaged in acquiring, exploring, and developing exploration and evaluation assets. It currently has negative earnings. The Firm is involved in exploration and development of potash and potash-related minerals that can be processed and converted into Sulphate of Potash (SOP) and other fertilizers.

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The Offering may be closed in one or more tranches and is subject to requisite approval from the TSX Venture Exchange.The Company has sought and obtained approval from the Exchange for its application for a waiver of the $0.05 minimum offering pricing requirement of the Exchange. In connection with the Offering, the Company intends to pay certain finders commissions to be negotiated between the Company and the finders. The net proceeds of the private placement will be used to meet the Company’s payment obligation under its Hook Lake joint venture with Cameco Corporation and AREVA Resources Canada Inc., miscellaneous costs associated with the maintenance and preservation of its other properties and for general and administrative expenses. Shares last traded at $0.0300 apiece, at the low-end of their 52-week range of $0.02 – $0.07.

The stock increased 20.00% or $0.005 on December 17, hitting $0.03. About 332,692 shares traded hands or 485.81% up from the average. Purepoint Uranium Group Inc. (CVE:PTU) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

Purepoint Uranium Group Inc. is a Canada resource company. The company has a market cap of $3.73 million. The Firm is engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. It currently has negative earnings. Purepoint maintains a focused objective of locating uranium deposits in the Athabasca Basin in Northern Saskatchewan.

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Pursuant to the terms of the offer, shares were accepted on a pro rata basis, except for tenders of odd lots, which were accepted in full. The consumer transaction company has determined that the proration factor for the tender offer, after giving effect to the priority of odd lots, is approximately 91.2%. The depositary, J.P. Morgan Securities, will promptly pay for the shares accepted for purchase and will return all other shares tendered and not purchased. NCR shares little changed in early trading, gaining three cents to $26.75.

The stock decreased 4.19% or $1.12 during the last trading session, hitting $25.6. NCR Corporation (NYSE:NCR) has declined 14.27% since May 15, 2015 and is downtrending. It has underperformed by 10.46% the S&P500.

NCR Corporation, a technology company, provides solutions and services that enable businesses to connect, interact, and transact with their customers worldwide. The company operates through four segments: Financial Services, Retail Solutions, Hospitality, and Emerging Industries. The company offers financial-oriented self-service technologies, such as automated teller machines (ATM), cash dispensers, software solution, cash management and video banking software, and customer-facing digital banking services, as well as professional services related to ATM security, software, and bank branch optimization.

It also provides retail and hospitality oriented technologies, such as point of sale terminals and point of sale software, bar-code scanners, and other retail-oriented software and services; self-service kiosks and related operating software; and hardware, software, professional, and support services that enable check and item-based transactions to be captured, processed, and retained. In addition, the company develops, produces, and markets two-sided thermal papers, paper rolls for receipts in ATMs and point of sale solutions, inkjet and laser printer supplies, thermal transfer and ink ribbons, labels, laser documents, business forms, and photo and presentation papers. Further, it provides maintenance and support services; site assessment and preparation, staging, installation and implementation, systems management, and complete managed services; predictive services; software-as-a-service and hosted services; and online, mobile, and transactional services and applications, as well as resell third-party networking products and related service offerings in the telecommunications and technology sectors. The company serves financial services, retail, hospitality, travel, transportation, and manufacturing industries. NCR Corporation was founded in 1884 and is headquartered in Duluth, Georgia.

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Vornado Realty Trust (NYSE:VNO), a real estate investment trust, said Thursday that it has completed a $375 million refinancing of its 882,000-square foot Manhattan office building located at 888 Seventh Avenue. The five-year loan is interest-only at LIBOR plus 1.6%, which has been swapped to a new fixed rate of 3.15%. The company realized $49 million of net proceeds from the refinancing. The property was previously encumbered by a $319 million 5.71% mortgage due in January. Shares were inactive pre-bell, around the midpoint of the 52-week range of $84.60 – $115.73.

The stock decreased 0.73% or $0.73 during the last trading session, hitting $99.43. Vornado Realty Trust (NYSE:VNO) has declined 3.20% since May 15, 2015 and is downtrending. It has outperformed by 0.61% the S&P500.

Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio. The firm was formerly known as Vornado Inc. Vornado Realty Trust is based in New York City with additional offices in Arlington, Virginia; and Paramus, New Jersey.

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The stock increased 56.84% or $0.97 on December 17, hitting $2.68. About 1.52 million shares traded hands or 5200.60% up from the average. MYOS Corp (NASDAQ:MYOS) has declined 54.97% since May 15, 2015 and is downtrending. It has underperformed by 51.16% the S&P500.

MYOS Corporation, a bionutrition and biotherapeutics company, engages in the discovery, development, and commercialization of nutritional and therapeutic products for maintaining and improving the health and performance of muscle tissue. The company primarily focuses on developing the products that improve muscle health and function essential to the management of sarcopenia, cachexia, and degenerative muscle diseases, and as an adjunct to the treatment of obesity. Its products include MYO-T12, a clinical myostatin inhibitor, which is distributed in the United States under the MYO-X brand name to specialty retail and other outlets; and Cenegenics Muscle Formula, a private-label product distributed within the age management network. The company was formerly known as Atlas Therapeutics Corporation and changed its name to MYOS Corporation in May 2012. MYOS Corporation was founded in 2007 and is based in Cedar Knolls, New Jersey.

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The stock decreased 6.10% or $0.91 during the last trading session, hitting $14. About 2.73M shares traded hands or 56.00% up from the average. Nordic American Tanker Ltd (NYSE:NAT) has risen 12.45% since May 15, 2015 and is uptrending. It has outperformed by 14.71% the S&P500.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, including two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.

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It will be secured by the company’s six very large crude carriers and six Suezmax tankers. The company intends to use the proceeds from the facility for debt repayments. The lending group consists of DNB Bank, Nordea Bank Norge, ABN AMRO Bank, ING Bank, Skandinaviska Enskilda Banken, Danske Bank and Credit Suisse. “The refinancing and amendments are expected to give a positive cash and P&L effect in 2016 alone of approximately $22 million and $7 million, respectively, and the average daily cash cost breakeven TCE rates on the current operating fleet of 43 owned or leased vessels is estimated to be reduced by approximately $1,400 per day,” the company said. Shares were 1% higher in pre-market trade Thursday, still moving below the midpoint of the 52-week range of $2.06 – $5.05.

The stock decreased 3.14% or $0.1 during the last trading session, hitting $2.93. About 2.19 million shares traded hands or 15.26% up from the average. Frontline Ltd. (NYSE:FRO) has risen 4.64% since May 15, 2015 and is uptrending. It has outperformed by 6.91% the S&P500.

Frontline Ltd. engages in the provision of international seaborne transportation of crude oil. It operates through a fleet of VLCC, Suezmax, LR2/Aframax, and MR tankers. The company is based in Hamilton, Bermuda.

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IntercontinentalExchange Group (NYSE:ICE) said several stockholders will offer 5.7 million shares of its stock that were originally issued in connection with the acquisition of Interactive Data Holdings, which ICE completed on Monday, according to a release. The sellers are Silver Lake Partners III, Silver Lake Technology Investors III, Warburg Pincus Private Equity X, Warburg Pincus X Partners, WP X Finance and Igloo Co-Invest. Credit Suisse, the underwriter, proposed to offer the shares be sold from time to time in the over-the-counter market, through negotiated transactions or otherwise at market prices. ICE slid 1.6% after the close on Wednesday, in a 52-week range of $202.24 to $266.74.

The stock increased 0.36% or $0.9 during the last trading session, hitting $248.37. About 3.43 million shares traded hands or 477.45% up from the average. Intercontinental Exchange Inc (NYSE:ICE) has risen 4.02% since May 15, 2015 and is uptrending. It has outperformed by 6.28% the S&P500.

Intercontinental Exchange, Inc. operates a network of regulated exchanges and clearing houses for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. The company operates marketplaces for trading and clearing a range of securities and derivatives contracts in various asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds, and currencies.

It primarily provides trade execution, listing, price discovery and transparency, trade processing and repositories, clearing, benchmark administration, and market data services. The company operates exchanges and marketplaces, such as ICE Futures Europe, ICE Futures U.S., ICE Futures Canada, ICE Endex, NYSE Amex Options, NYSE Arca, and ICE Futures Singapore, as well as over-the-counter markets for physical energy and credit default swaps, and central counterparty clearing houses. It serves financial institutions, corporations, manufacturers, utilities, commodity producers and consumers, institutional and individual investors, and governmental bodies. The company was founded in 2000 and is headquartered in Atlanta, Georgia.

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Fractional shares will be rounded up to a full share of common stock. The reverse stock split will not impact any stockholder’s percentage ownership of Halcon or voting power, except for minimal effects resulting from the treatment of fractional shares. Following the reverse split, the number of outstanding shares of the company’s common stock will be reduced by a factor of five. Shares are down 3.4% at $0.31 in the after hours session, with a 52-week range of $0.29 – $2.32.

The stock decreased 25.33% or $0.081 during the last trading session, hitting $0.24. About 26.72 million shares traded hands or 543.86% up from the average. Halcon Resources Corp (NYSE:HK) has declined 80.33% since May 15, 2015 and is downtrending. It has underperformed by 78.06% the S&P500.

Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising approximately 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering approximately 101,000 acres of area in Brazos, Burleson, and Robertson counties. As of December 31, 2014, it had estimated proved reserves of approximately 189.1 million barrels of oil equivalent comprising 155.6 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 103.7 billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halcón Resources Corporation in February 2012. Halcón Resources Corporation is headquartered in Houston, Texas.

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Canadian Natural has agreed with PrairieSky to distribute to its shareholders, by no later than December 31, 2016, by way of a dividend or return of capital (subject to regulatory approval and securities and tax regulations) sufficient PrairieSky Common Shares so that Canadian Natural, after such distribution, owns, directly or indirectly, less than 10% of the issued and outstanding shares of PrairieSky. Canadian Natural’s current intention is to distribute to its shareholders the majority of the Share Consideration at or near its next Annual and Special Meeting of Shareholders in May 2016. To finance a portion of the purchase price in respect of the Transaction, PrairieSky completed a private placement of 26.76 million subscription receipts on December 2, 2015 for gross proceeds of approximately $680 million. Prairie Sky is trading at $22.36.

The stock decreased 2.62% or $0.76 on December 17, hitting $28.23. About 3.48M shares traded hands or 94.41% up from the average. Canadian Natural Resources Limited (TSE:CNQ) has declined 23.31% since May 14, 2015 and is downtrending. It has underperformed by 21.04% the S&P500.

Canadian Natural Resources Limited is an independent natural gas and crude oil producer. The company has a market cap of $30.90 billion. The Company’s diversified, balanced resource base consists of both dry and liquids-rich natural gas, heavy crude oil, bitumen, medium and light crude oil and synthetic crude oil. It has 71.4 P/E ratio. The Company’s reserves were approximately 8.89 billion barrel of oil equivalent.

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Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was up 0.8%. Advaxis (ADXS) was up 31.8% after the clinical-stage biotechnology company said the U.S. Food and Drug Administration has lifted the clinical hold on all of its Investigational New Drug applications for its three product candidates. Advaxis will therefore resume all clinical trials with axalimogene filolisbac to treat HPV-related cancers, ADXS-PSA and ADXS-HER2. In October of 2015, Advaxis received notification from the FDA that its IND applications for axalimogene filolisbac were put on clinical hold in response to the company’s submission of a safety report to the FDA. Following discussions with the regulator, the company agreed to implement certain risk mitigation measures, including revised study protocol inclusion/exclusion criteria, post-administration antibiotic treatment and patient surveillance and monitoring measures. Winners and Losers Financial Funds in the financial sector were weaker, lagging behind the broader market. Select Financial Sector SPDRs (XLF) was up 0.4%. Direxion Daily Financial Bull 3X shares (FAS) was up 0.9%; Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%. Resource Capital (RSO) was up 9% after it said late Monday that it will pay a quarterly cash dividend on its common stock of $0.42 per share on Jan. 28 to shareholders of record on Dec. 31. The company lowered its dividend rate by 34% from the $0.64 per share paid for the previous quarter. “For 2016, the company projects GAAP net income of $1.60 – $1.80 per common share, and AFFO of at least $2.65 per common share, which represents 1.57 times coverage of the dividend declared today. The company expects to stabilize book value at approximately $18 per common share,” the company said in a statement. “The company intends to continue to opportunistically repurchase its securities in a highly accretive manner. The projected AFFO represents a 14.7% return on book value and a 26.1% return on the current market price.” Technology Tech funds were higher, but slightly behind the broader market. Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were higher. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was down 2.4%. Semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 0.1%, while Semiconductor Sector Index Fund (SOXX) was down 0.2%. ANADIGICS (ANAD) rose 29.7% after it said its board has received a superior takeover proposal to an offer by GaAs Labs, with an unnamed bidder offering $0.48 a share in cash.The offer, which came during the “go-shop” period, tops GaAs Labs’ $0.35 bid. ANADIGICS said it has notified GaAs Labs its intention to effect a change of recommendation and to terminate the merger Agreement.

Under the merger timetable, GaAs Labs now has a five day period to come up with a new proposal. Energy Energy funds were lower,underperforming the broader market. Dow Jones U.S. Energy Fund (IYE) was down 1.2% and Energy Select Sector SPDR (XLE) was down 1.1%. TerraForm Power, Inc. (TERP) was up 4.4% after it said that it has closed the acquisition of 832 megawatts of wind power plants from Invenergy Wind LLC, an independent wind energy company, for an aggregate consideration of $1.96 billion. The wind portfolio consists of seven wind farms in the U.S. and Canada totaling 930 megawatts of capacity, of which, only 832 megawatts are operational and the other 98 megawatts are expected to reach commercial operation and to be subsequently acquired by TerraForm by April 2016. In connection with the transaction, the company has secured financing from a syndicate of bands in the form of a $500 million non-recourse term loan that is secured by the equity interests in Invenergy’s wind assets and certain other assets. The term loan carries an interest rate of LIBOR plus 5.5%, subject to a 1% LIBOR floor, and will mature in January 2019. Once all projects are operational, the company expects to generate first year adjusted EBITDA of $147 million. Commodities Crude was down 4.3%. United States Oil Fund (USO) was down 3.3%. Natural gas was down 0.2%. United States Natural Gas Fund (UNG) was down 0.6%. Gold was up 1.3% and SPDR Gold Trust (GLD) was up 1.3%. Silver was up 3.1% and iShares Silver Trust (SLV) was up 3.1%. Consumer Consumer staples funds were in positive territory, matching the broader market. Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were in the green. Consumer discretionary and retail funds were also firmer, in line the broader market. Consumer Discretionary Select Sector SPDR (XLY), SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were higher. Scientific Games Corp (SGMS) was up 9% after it said late Tuesday that it will promote Michael Quartieri to Executive Vice President, Chief Financial Officer, and Secretary, succeeding Scott Schweinfurth. Quartieri joined Scientific Games last month as Vice President and Corporate Controller.

The ETF decreased 1.52% or $3.16 during the last trading session, hitting $204.86. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declined 1.97% since May 14, 2015 and is downtrending. It has outperformed by 0.29% the S&P500.

SPDR S&P 500 ETF Trust is an exchange traded fund. The ETF has a market cap of $174.71 billion. The Trust corresponds to the price and yield performance of the S&P 500 Index. It currently has negative earnings. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups.

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The stock closed at $0.04 during the last session. It is down 6.00% since November 18, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

Saint Jean Carbon Inc. is a Canada exploration-stage junior resource firm involved in the acquisition and exploration of property interests. The company has a market cap of $4.52 million. The primary focus of the Company is the acquisition of lump graphite properties mainly in the province of Quebec, and developing, marketing and distribution opportunities. It currently has negative earnings. It holds properties in Quebec, Ontario, British Columbia and Manitoba, which include Walker, Wallingford, St.

The post TSXV-Listed Saint Jean Carbon to Issue up to 10 Mln Stock-Warrant Units; Shares Tumble 11% (CVE:SJL) appeared first on Sonoran Weekly Review.

The stock is down 1.97% or $0.24 after the news, hitting $11.95 per share. About 49,335 shares traded hands. Pfenex Inc (NYSEMKT:PFNX) has declined 6.95% since May 14, 2015 and is downtrending. It has underperformed by 4.68% the S&P500.

Pfenex Inc., a clinical-stage biotechnology company, develops biosimilar therapeutics. Its lead product candidate is PF582, a biosimilar candidate to Lucentis that is in Phase Ib/IIa trials in patients with wet age-related macular degeneration. The company also develops PF530, an interferon beta-1b biosimilar candidate for the treatment of multiple sclerosis; PF708, a teriparatide generic peptide product candidate for the treatment of severe osteoporosis; Px563L, an anthrax vaccine candidate based on a recombinant modified form of the protective antigen; and Px533, a prophylactic vaccine candidate to protect against malaria infection. Its preclinical products under development consists of PF726- peg-interferon beta for the treatment of relapsing multiple sclerosis; and PF529-peg-filgrastim, PF444-human growth hormone, and PF688-certolizumab-pegol, which are being developed as biosimilars of Neulasta, Genotropin, and Cimzia. The company is headquartered in San Diego, California.

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The stock is up 2.35% or $0.02 after the news, hitting $0.87 per share. About 60,097 shares traded hands or 606.28% up from the average. Ascot Resources Ltd. (CVE:AOT) has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

Ascot Resources Ltd is a Canada-based junior mineral exploration and development company. The company has a market cap of $91.70 million. The Firm is engaged in the exploration and evaluation of mineral properties. It currently has negative earnings. The Company’s properties include Dilworth Project, Mt.

The post TSXV-Listed Ascot Resources Closes $7.5 Mln Offering (CVE:AOT) appeared first on Sonoran Weekly Review.

In connection with the transaction, the company has secured financing from a syndicate of bands in the form of a $500 million non-recourse term loan that is secured by the equity interests in Invenergy’s wind assets and certain other assets. The term loan carries an interest rate of LIBOR plus 5.5%, subject to a 1% LIBOR floor, and will mature in January 2019. Once all projects are operational, the company expects to generate first year adjusted EBITDA of $147 million. Shares were 8.6% higher in recent morning trade, below the midpoint of the 52-week range of $6.73 – $42.66.

The stock is down 4.77% or $0.63 after the news, hitting $12.57 per share. About 2.73M shares traded hands. TerraForm Power Inc (NASDAQ:TERP) has declined 66.52% since May 14, 2015 and is downtrending. It has underperformed by 64.26% the S&P500.

TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt. The company was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014. The company was founded in 2014 and is based in Bethesda, Maryland. TerraForm Power, Inc. is a subsidiary of SunEdison Holdings Corp.

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Array reported the study “met its primary endpoint of improving progression-free survival compared with dacarbazine treatment,” and that it plans to seek marketing approval for binimetinib from the FDA in H1 2016. Array reported the anti-melanoma small-molecule drug binimetinib was generally well-tolerated and the adverse events reported were consistent with previous results. The company said binimetinib is also being studied in a phase 3 trial for patients with BRAF-mutant melanoma and also a phase 3 trial for patients with low-grade serous ovarian cancer, as well as in several other earlier stage clinical trials. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was down 0.1%. Daily Financial Bull 3X shares (FAS) was up 0.6% and its bearish counterpart, FAZ, was down 0.6%. Barclays PLC (BCS) was up 0.7% after it said it expects to benefit from a GBP480.0 million pretax gain after agreeing to sell its benchmark indices business to Bloomberg LP. Barclays Risk Analytics and Index Solutions Ltd was sold for about GBP520.0 million, the London-listed bank said in a statement, with the deal estimated to boost its CET1 ratio – a key measure of capital and financial strength – by about 10 basis points on proforma basis from the level seen at the end of September. The unit’s benchmark indices span global markets covering multiple asset classes, most notably the Barclays family of aggregate bond indices. Barclays will retain its quantitative investment strategy index business, with calculation and maintenance of its strategy indices outsourced to Bloomberg. Technology Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive. SPDR S&P International Technology Sector ETF (IPK) was also unchanged. Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were flat in pre-market trading. Constant Contact (CTCT) was down 2.1% after disclosing in a filing with the Securities and Exchange Commission that it has received a subpoena from the Boston Regional Office of the SEC. The subpoena requires the production of documents pertaining to sales, marketing, and customer retention practices, and periodic public disclosure of financial and operating metrics.

Constant Contact said the investigation stems from a class action lawsuit relating to its pending merger with Endurance International Group Holdings (EIGI) and the company is fully cooperating with the SEC’s investigation. Energy Dow Jones U.S. Energy Fund (IYE) was flat and Energy Select Sector SPDR (XLE) was up 0.1% in the pre-market session. Plug Power (PLUG) was up 9.4% on media reports that the company is moving forward with its plan to install its infrastructure at a Memphis distribution center in a deal with Nike (NKE). A report from Seeking Alpha cited The Memphis Business Journal which discovered a December 11th building permit listed for Nike. The permit requested “installation of new hydrogen refueling infrastructure foundation at its Memphis distribution center.” On May 27 PLUG said it signed a master sales agreement with a “large footwear manufacturer in North America” for deployment of its GenKey hydrogen and fuel cell solution. Commodities Crude was down 0.9%. United States Oil Fund (USO) was up 0.2%. Natural gas futures were down 0.2%. United States Natural Gas Fund (UNG) was up 0.4%. Gold was down 0.3% and SPDR Gold Trust (GLD) was up 1%. Silver was up 2.8% and iShares Silver Trust (SLV) was up 2.4%. Consumer Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were inactive. Consumer Discretionary SPDR (XLY) was down 0.8%; retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were flat. Mattel (MAT) was up 1.9% after it agreed to collaborate with DHX Media to develop and produce kids’ shows based on its toy brands Bob the Builder, Fireman Sam, Little People, and Polly Pocket. As agreed, the companies will jointly fund, co-develop and co-produce new episodic, short-form, and long-form content for the Mattel properties, designed for a variety of traditional and digital platforms. Financial terms weren’t disclosed.

The ETF is down 0.26% or $0.54 after the news, hitting $207.48 per share. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declined 1.97% since May 14, 2015 and is downtrending. It has outperformed by 0.29% the S&P500.

SPDR S&P 500 ETF Trust is an exchange traded fund. The ETF has a market cap of $174.94 billion. The Trust corresponds to the price and yield performance of the S&P 500 Index. It currently has negative earnings. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups.

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The stock closed at $1.47 during the last session. It is down 83.03% since May 14, 2015 and is downtrending. It has underperformed by 80.76% the S&P500.

Calfrac Well Services Ltd. is a well-known provider of specialized oilfield services. The company has a market cap of $139.96 million. The Firm operates in four geographical divisions: Canada, the United States, Russia and Latin America. It currently has negative earnings. The Company’s services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services.

The post Calfrac Well Services Selling 20.4 Mln Shares at C$1.35 Each (TSE:CFW) appeared first on Sonoran Weekly Review.

As part of the deal, all of Odyssey’s bank debt of $11.7 million was repaid in full, $2.2 million of its debt owed to Monaco Financial was retired and a $1 million loan from Monaco Financial was also retired. In addition, Odyssey was provided with $1 million in cash to be used for general corporate purposes. Odyssey also said it will maintain a 21.25% stake in future net proceeds from shipwreck projects and an exclusive contract to provide shipwreck search and recovery services. Shares of OMEX were inactive pre-market after closing shy of the bottom end of the 52-week range of $0.26 to $1.10.

The stock closed at $0.33 during the last session. It is down 41.07% since May 14, 2015 and is downtrending. It has underperformed by 38.81% the S&P500.

Odyssey Marine Exploration, Inc., together with its subsidiaries, engages in the seafloor mineral exploration, and search and recovery of deep-ocean shipwrecks worldwide. Its shipwreck projects include various activities, such as research of historical records and academic materials; search operations; archaeological pre-disturbance survey, and archaeological excavation and recovery; conservation, recording, documentation, and publication/exhibition; surgical removal of deck plates or ship structures; cargo salvage; and commercial monetization of recovered cargo. The company also conducts deep-ocean mineral exploration; and sells coins, bullion, and other mass-produced cargo to collectors, as well as cultural collections of artifacts to museums and other institutions. Odyssey Marine Exploration, Inc. was founded in 1986 and is headquartered in Tampa, Florida.

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Range Resources (NYSE:RRC) said John Pinkerton, a company director and former chairman, president and CEO, has been selling stock in the company to satisfy a margin call and provide funds to finance Florida real estate developments. Pinkerton retired in Jan. 2012 and since then has been involved in several real estate projects, the company said in a statement explaining the sales by the former executive. Shares in the independent oil and gas company closed at $21.68 on Tuesday. The stock has dropped almost 16% over the past five trading days and is close to the bottom of the 52-week range of $21.22 – $65.53.

The stock closed at $21.63 during the last session. It is down 64.56% since May 14, 2015 and is downtrending. It has underperformed by 62.30% the S&P500.

Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Midcontinent regions. The company owns 7,582 net producing wells and approximately 1.4 million net acres under lease in the Appalachian region; and 653 net producing wells and approximately 383,000 net acres under lease in the Midcontinent region.

In addition, it provides gas gathering and transportation from southwestern and northeastern Pennsylvania. The company sells natural gas to utilities, marketing and mid-stream companies, and industrial users; NGLs to natural gas processors or users of NGLs; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. As of December 31, 2014, it had proved reserves of 10.3 trillion cubic feet of natural gas equivalents. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.

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The stock closed at $0.87 during the last session. It is down 62.66% since May 14, 2015 and is downtrending. It has underperformed by 60.40% the S&P500.

Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. The company is developing vosaroxin, an anti-cancer quinolone derivative for the treatment of acute myeloid leukemia (AML). It has completed a Phase III, randomized, double-blind, and placebo-controlled trial of vosaroxin in combination with cytarabine in patients with relapsed or refractory AML.

The company also completed a Phase II single-agent trial of vosaroxin in platinum-resistant ovarian cancer. In addition, it is involved in the initiation of an investigator-sponsored trial of vosaroxin in combination with decitabine in older patients with untreated AML and high-risk myelodysplastic syndrome. Sunesis Pharmaceuticals, Inc. has a collaboration agreement with Biogen Idec to discover, develop, and commercialize small molecule inhibitors of the human protein Raf kinase; and licensing agreements with Millennium to provide worldwide license to develop and commercialize preclinical inhibitors of phosphoinositide-dependent kinase-1. The company was founded in 1998 and is headquartered in South San Francisco, California.

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The stock closed at $5.8 during the last session. It is up 38.30% since May 18, 2015 and is downtrending. It has underperformed by 36.03% the S&P500.

ESSA Pharma Inc. is a Canada-based pharmaceutical company. The company has a market cap of $135.47 million. The Firm is focused on the development of small molecule drugs for the treatment of cancers, including advanced prostate cancer. It currently has negative earnings. The Firm is developing drugs that selectively block the N-terminal domain of the androgen receptor .

The post ESSA Pharma Files Preliminary Shelf Prospectus and Registration Statement (TSE:EPI) appeared first on Sonoran Weekly Review.

The stock increased 7.78% or $0.76 on December 16, hitting $10.53. About 6.72M shares traded hands or 215.49% up from the average. Barrick Gold Corp. (TSE:ABX) has declined 33.40% since May 14, 2015 and is downtrending. It has underperformed by 31.13% the S&P500.

Barrick Gold Corporation is a gold mining company. The company has a market cap of $12.16 billion. The Firm is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It currently has negative earnings. The Firm operates in divisions: eight individual gold mines, Acacia and Pascua-Lama project.

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The stock increased 0.66% or $0.08 during the last trading session, hitting $12.19. Pfenex Inc (NYSEMKT:PFNX) has declined 6.95% since May 14, 2015 and is downtrending. It has underperformed by 4.68% the S&P500.

Pfenex Inc., a clinical-stage biotechnology company, develops biosimilar therapeutics. Its lead product candidate is PF582, a biosimilar candidate to Lucentis that is in Phase Ib/IIa trials in patients with wet age-related macular degeneration. The company also develops PF530, an interferon beta-1b biosimilar candidate for the treatment of multiple sclerosis; PF708, a teriparatide generic peptide product candidate for the treatment of severe osteoporosis; Px563L, an anthrax vaccine candidate based on a recombinant modified form of the protective antigen; and Px533, a prophylactic vaccine candidate to protect against malaria infection. Its preclinical products under development consists of PF726- peg-interferon beta for the treatment of relapsing multiple sclerosis; and PF529-peg-filgrastim, PF444-human growth hormone, and PF688-certolizumab-pegol, which are being developed as biosimilars of Neulasta, Genotropin, and Cimzia. The company is headquartered in San Diego, California.

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The stock increased 1.55% or $1.17 during the last trading session, hitting $76.45. ICON PLC (NASDAQ:ICLR) has risen 16.20% since May 14, 2015 and is uptrending. It has outperformed by 18.47% the S&P500.

ICON Public Limited Company, a contract research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries in Ireland, rest of Europe, the United States, and internationally. It develops, manages, and analyzes programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies. The company also offers clinical trials management, biometric activities, consulting, imaging, contract staffing, informatics, and laboratory services. Its clinical development services include investigator recruitment, study monitoring and data collection, case report form preparation, statistical analysis, patient safety monitoring, risk-based monitoring, clinical data management, interactive response technologies, electronic patient reported outcomes, medical reporting, patient registries, outcomes research, health economics, market access and commercialization services, strategic analysis and data operations, bioanalysis, immunoassay development, pharmacokinetic and pharmacodynamic analysis, and study protocol preparation. The companyÂ’s clinical development services also comprise regulatory consulting, product development planning, strategic consulting, pricing and market access consulting, strategic resourcing, electronic endpoint adjudication, sample analyses, safety testing, microbiology, custom flow cytometry, electronic transmission of test results, biomarker development, adaptive trial design and execution, medical device trials, and healthcare communication services. ICON Public Limited Company was founded in 1990 and is headquartered in Dublin, Ireland.

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CareDx, Inc, a commercial stage company, develops, markets, and delivers diagnostic surveillance solutions for heart transplant recipients to help clinicians make personalized treatment decisions throughout a transplant patientÂ’s lifetime. Its commercialized testing solution includes the AlloMap heart transplant molecular test (AlloMap), a blood-based test used to monitor heart transplant recipients for acute cellular rejection. The company markets its AlloMap solution to healthcare providers through its direct sales force that targets transplant centers and their physicians, coordinators, and nurse practitioners in the United States, Canada, and Europe. The company was formerly known as XDx, Inc. and changed its name to CareDx, Inc. in March 2014. CareDx, Inc. was incorporated in 1998 and is headquartered in Brisbane, California.

The post CareDx Acquiring Sweden-Based Transplant Diagnostics Firm Allenex (NASDAQ:CDNA) appeared first on Sonoran Weekly Review.

SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, including panels, balance of system components, and inverters. It also offers rooftop and ground-mounted solar power systems, including residential systems, commercial roof and ground mounted systems, utility and power plant systems, and utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, including remote monitoring, and preventative and corrective maintenance services, as well as rapid-response outage restoration and inverter repair services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties. The company serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. SunPower Corporation also sells its products to dealers, systems integrators, and distributors. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Total Energies Nouvelles Activités USA.

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 Michalyshyn has a strong background in Intellectual Property law and recently served as General Counsel & VP Human Resources at QNX Software Systems and continued on after the acquisition of the company by BlackBerry Limited to become the head of BlackBerry’s Technology Licensing group. Currently, Michalyshyn is the General Counsel & Corporate Secretary at TSX-listed ViXS Systems Inc. (VXS.TO) based in Toronto. EEStor Corporation proposes to pay a finder’s fee to qualified parties that introduce subscribers for units that are accepted, of up to 8% of the subscription price, payable in cash, plus up to 8% finder’s warrants having the same terms as the warrants issued to subscribers under the offering.

The Company also announced that, subject to regulatory approval, it is proposing to issue an aggregate of $647,000 of unsecured notes for advances made to the Company by Garry Fairhurst, Martin Frenette, Brian Kirk, Mark Rider and Robert Tocchio, each of whom are parties at arm’s length to the Company. The Notes will bear interest at the rate of 6% per annum and will mature 36 months from the date of issue.

EEStor Corporation, formerly ZENN Motor Company Inc., is an engineering and development company. The company has a market cap of $9.35 million. The Company, through its wholly owned subsidiary, ZENN Capital Inc., holds its interest in EEStor, Inc. . It currently has negative earnings. The Firm holds common shares and preferred shares representing around 71.3% voting and equity interest in EEStor.

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