2:17 pm Abject Change Reminder (:INDXCH) : Nielsen Holdings (NLSN) will alter Sprint Nextel (S) in the S&P 500 afterwards the aing of trading today.
1:46 pm Clearwire confirms boyhood shareholders overwhelmingly accustomed alliance transaction with Sprint (S) (CLWR) : Co appear the after-effects of its Adapted Affair of Stockholders captivated today. The co appear that the adapted majority of Clearwire stockholders not affiliated with Sprint (S) or SoftBank (SFTBY) and added than 75 percent of the outstanding shares advantaged to vote afterwards voted in favor of the alliance acceding angle to admission all shares of Clearwire which Sprint does not currently own for $5.00 per share. In total, at the Adapted Meeting, the holders of ~ 82 percent of the detached outstanding shares of accustomed stock, as of April 2, 2013, the almanac date for the Adapted Meeting, casting votes in favor of the transaction. Also, the holders of ~ 95 percent of the outstanding shares of accustomed banal as of April 2, 2013, including the ~ 50.2 percent of shares already captivated by Sprint, casting votes in favor of the transaction.
1:17 pm Hasbro acquires 70% pale in Backflip Studios for $112 mln (HAS) : Co appear the accretion of a majority pale in Backflip Studios. The Boulder, Colorado based aggregation develops some of the adaptable industry’s best accustomed amateur including DragonVale, NinJump and Paper Toss. Hasbro paid $112 actor in an all banknote transaction for 70% of the company.
1:17 pm Tetra Tech EC awarded $100 mln U.S. Navy alleviative activity adjustment (TTEK) : Co appear that its Tetra Tech EC operating assemblage was awarded the $100 actor U.S. Navy Unrestricted Alleviative Activity Adjustment (:RAC) VI for ecology remediation casework at assorted Department of Aegis installations in Alaska, Arizona, California, Colorado, Nevada, New Mexico, Oregon, Utah, Washington, and added installations aural the Naval Accessories Engineering Command Atlantic breadth of responsibility. This is the fourth afterwards time that Tetra Tech EC has been alleged for this contract. The distinct award, ample delivery/indefinite abundance adjustment is a cost-plus accolade fee adjustment with a one-year abject aeon and four, one-year advantage periods.
1:06 pm Notable movers of absorption (:SCANX) : The afterward are some of today’s best notable movers of interest, categorized by bazaar assets (large cap over $10 billion and mid cap amidst $2-10 billion) and ranked by % change (all stocks over 100K boilerplate circadian volume).Large Cap Gainers
12:37 pm TAT Technologies letters that cloister and lending banks approval for FIMI Befalling V’s angle to admission TAT’s shares has been accustomed (TATT) : Co appear that the Receiver of the Company’s shares captivated by its avant-garde authoritative shareholders a the Aggregation that (i) the court; and (ii) the lending banks to TAT industries and KMN Industries, had accustomed FIMI Befalling V’s (“FIMI”) angle to admission the Shares. Afterward such approvals, the alone actual activity for Closing is the cancellation of an approval from the Israeli Anti-Trust Authority. Closing is accustomed to activity aural 10 business canicule afterwards cancellation of such an approval. In the accident Anti-Trust Authority approval is not acquired aural 75 canicule from July 7th 2013, the date of the cloister approval, (other than as a aftereffect of a absence by FIMI) again the angle will expire.
12:05 pm TD Ameritrade’s Abettor Movement Index: IMX anniversary moves in absolute administering afterwards contempo abrogating trending (AMTD) : TD Ameritrade, a broker-dealer accessory of TD Ameritrade Holding, is absolute the Abettor Movement IndexSM anniversary for June 2013. The Abettor Movement Index, or the IMXSM, is a proprietary, behavior-based abject created by TD Ameritrade that aggregates Main Street abettor positions and activity to admeasurement what investors are absolutely accomplishing and how they are positioned in the markets. The June 2013 Abettor Movement Abject for the four weeks catastrophe June 28, 2013, reveals:
June’s IMX anniversary marks a about-face in a absolute administering afterwards two afterwards months of declines. Audience ramped up their disinterestedness bazaar acknowledgment as they were net buyers of equities and awash anchored assets alternate funds and ETFs. In June audience connected to accept an all-embracing bullish positioning. The IMX bounced college while the S&P 500 hit an intra-month low about 6% lower than the almanac aerial accomplished in May. Afterwards dialing aback disinterestedness bazaar acknowledgment in May, abounding audience brash the dip in June as a affairs befalling and added their disinterestedness bazaar exposure. June’s IMX anniversary was at the aerial end of a added than three year history. Audience were net buyers of best sectors. Chump appurtenances and basal abstracts admiring the best net affairs activity.
12:01 pm European Markets Closing Prices (:SUMRX) : European markets are now closed; banal markets beyond Europe performed as follows:
12:01 pm American Intl: ILFC’s 2013 mid-year allotment affairs absolute 125 (AIG) : All-embracing Allotment Finance Corporation (:ILFC), a wholly endemic accessory of American All-embracing Group, Inc. (AIG), appear that it has completed 125 allotment affairs during the January through June timeframe of 2013. These affairs accommodate extensions, new leases of acclimated aircraft as able-bodied as placements of new aircraft from ILFC’s aircraft portfolio, which today supports a accustomed adjustment of about 200 airline barter beyond added than 80 countries.
11:57 am Neustar announces admission of barter activity (NSR) : Co appear its activity to barter assertive of its outstanding unregistered addendum for new registered addendum in accordance with the acceding of its allotment rights acceding with absolute holders of those notes. Beneath the barter offer, Neustar is alms to barter up to $300 mln accumulated arch accumulated of its outstanding 4.500% Arch Addendum due 2023 for a like arch accumulated of its new 4.500% Arch Addendum due 2023. The Barter Activity will expire at 5 p.m., Eastern Time, on August 5, 2013, unless extended. The adjustment date for the Barter Activity will activity promptly afterward the Cessation Date.
11:57 am Nasdaq Comp -0.5 joins Nasdaq 100 -3.5 in the red — Dow 61, S&P 6 (:TECHX) :
11:54 am Dow 73 and S&P 7.1 blooper to new pullback lows off aboriginal highs — Nasdaq Comp 1 a its pullback low and collapsed band (:TECHX) :
11:50 am Stocks/ETFs that traded to new 52 anniversary highs/lows this session- New highs (98) outpacing new lows (0) (:SCANX) : Stocks that traded to 52 anniversary highs: ADBE, ADM, AEG, AME, AMP, AMTD, AMZN, BA, BBBY, BBT, BBY, CERN, CI, CIT, CMA, CNO, COF, CREE, CVC, DFS, DISCA, DLPH, DNKN, EA, EOG, ETFC, EWBC, F, FHN, FITB, FLIR, FMER, FNFG, FNP, GD, GME, GNW, GPK, GPS, GT, HBAN, HCBK, HDS, HIG, HPQ, HTZ, IPG, ISIS, JWN, KEY, LEA, LGF, LMT, LNC, LYG, M, MCHP, MET, MFC, NDAQ, NOC, NOW, NTRS, ONXX, PBCT, PNC, PRU, QIHU, RF, SBGI, SBH, SBUX, SCHW, SE, SEE, SNV, SPLK, SPWR, STI, STT, STX, TCB, TEL, TSLA, TSN, TWTC, TYC, UNH, UNM, USB, V, VNTV, WFC, WFM, WLP, WSM, XLS, ZION
Stocks that traded to 52 anniversary lows: none
ETFs that traded to 52 anniversary highs: FDN, IAI, ITA, IWC, IWM, KBE, KIE, KRE, RTH, SOCL, UWM, XLY
ETFs that traded to 52 anniversary lows: EPU
Note: To abate the anniversary of stocks authoritative 52 anniversary highs/lows to a acquiescent admeasurement we accept filtered out stocks beneath $2 bln in bazaar cap and beneath 1 mln boilerplate volume. Afterwards this clarify 585 stocks fabricated 52 anniversary highs and 22 stocks fabricated 52 anniversary lows.
11:42 am NeuroMetrix announces beddy-bye adumbration for SENSUS Affliction Administering Adjustment (NURO) : Co appear that the SENSUS Affliction Administering Adjustment became the aboriginal transcutaneous electrical assumption stimulator to accept 510(k) approval (K130919) from the U.S. Food and Biologic Administering (:FDA) for use during sleep. “SENSUS is a acceptable and wearable non-invasive accessory that offers physicians and their patients a non-narcotic affliction abatement advantage as a accompaniment to medications. The accessory is failing and can be beat during the day while actual active. It is the alone transcutaneous electrical assumption stimulator brash accurately for bodies with diabetes and abiding pain.”
11:24 am Intel connected to weaken, slides to accessory new affair low (INTC) : Banal has been a annoyance on the underperforming Semi breadth afterwards a abatement with it extending the breakdown beneath a two anniversary barter ambit to 23.14 in contempo action. The aing breadth of accent on the downside is at 23.07/23.06 which marks its 200 day ema and the Jan high/breakout point.
11:01 am iSoftStone forms Absolute Lath and appoints admiral (ISS) : Co appear that its lath of admiral has formed a lath composed of three of its absolute directors, Tom Manning, Chung-Kao Hsieh, and Al-Noor Gulamali Abdulla Ramji to appraise the avant-garde appear basic non-binding angle accustomed by the Company’s lath of admiral on June 6, 2013 from Mr. Tianwen Liu, the Company’s CEO and the administrator of its lath of directors, and ChinaAMC Basic Administering Bound to admission the Aggregation for $0.585 in banknote per accustomed allotment or $5.85 in banknote per American depositary share. The Absolute Lath has retained Goldman Sachs (Asia) L.L.C. as its cyberbanking adviser and Kirkland & Ellis All-embracing LLP as its United States accustomed counsel. Goldman Sachs and Kirkland & Ellis will abetment the Absolute Lath in its appointment in affiliation with the Proposed Transaction and any abeyant alternatives. No decisions accept been fabricated by the Absolute Lath with anniversary to the Company’s acknowledgment to the Proposed Transaction.
10:54 am Underperforming Nasdaq Comp 4.5 block to new affair low — Dow 105, S&P 10.2 (:TECHX) : About weakness in Semi/Technology SMH / XLK acclaimed beforehand continues.
10:49 am Bill Commentary: DXY Fails to Breach 84.60 (:SUMRX) :
10:37 am Grupo Aeroportuario del Pacifico letters commuter cartage admission of 6.4% for June 2013 (PAC) : Co appear basic terminal commuter cartage abstracts for the ages of June 2013 compared to cartage abstracts for June 2012. During June 2013, absolute terminal cartage added 6.4% compared to the antecedent year. Calm commuter cartage added 3.9%, while all-embracing commuter cartage added 12.0% compared to June 2012. During the ages of June, the afterward routes were opened: Hermosillo to Puerto Pe asco to Las Vegas as able-bodied as La Paz to Los Angeles, both by Aerom xico, Hermosillo to Dallas by American Airlines, Los Cabos to Dallas by Spirit Airlines, Los Cabos to Austin by United and Southwest (operated by Air Tran Airways).
10:29 am American Science & Engineering receives orders for two Z Portal X-ray screening systems for Middle East government agencies (ASEI) :
10:26 am Republic Airways letters June 2013 traffic: acquirement commuter afar decreased 4% year/year to 1.8 bln (RJET) : Co appear basic commuter cartage after-effects for June 2013. The Aggregation generated about 1.8 billion acquirement commuter afar (RPMs), a abatement of 4% from June 2012, on a 5% abridgement in accessible bench afar (ASMs). Block hours were 4% greater than the aforementioned aeon in 2012. Circumscribed amount agency added one point to 87% from June 2012. Republic Airways agitated 2.8 actor cartage in June, a 4% admission from the above-mentioned year.
10:11 am Lender Processing announces the cessation of the ‘go-shop’ aeon (LPS) : Co appear the cessation of the “go-shop” aeon pursuant to the acceding of the avant-garde appear alliance acceding anachronous May 28, 2013, amidst LPS, Fidelity National Cyberbanking (FNF) and Lion Alliance Sub, Inc., a accessory of FNF. LPS affianced in an alive and all-encompassing abode of 42 potentially absorbed parties in affiliation with the “go-shop” period, which resulted in three parties negotiating and entering into acquaintance agreements with LPS. Admitting its abode efforts, LPS did not accept any addition accretion proposals during the “go-shop” period. The LPS lath of admiral continues to acclaim that LPS stockholders accept the alliance acceding with FNF.
10:10 am Lender Processing announces the cessation of the go-shop aeon (LPS) : LPS affianced in an alive and all-encompassing abode of 42 potentially absorbed parties in affiliation with the “go-shop” period, which resulted in three parties negotiating and entering into acquaintance agreements with LPS. Admitting its abode efforts, LPS did not accept any addition accretion proposals during the “go-shop” period. The LPS lath of admiral continues to acclaim that LPS stockholders accept the alliance acceding with FNF. The transaction is accountable to approval by LPS and FNF stockholders, approvals from applicative federal and accompaniment regulators and accomplishment of added accustomed closing conditions. Closing of the transaction is currently accustomed to activity in the fourth analysis of 2013.
10:05 am No blow yet as Dow 126 and S&P 12.6 run to new affair highs, avant-garde backward Nasdaq Comp 14.9 is now aback at aboriginal aerial (SPY) :
10:00 am American Eagle sets new aerial a its 50 ema (AEO) : The banal and the Retail breadth as a accomplished (XRT) has displayed about backbone in contempo trade. AEO has afresh aerial 19.04 a its 50 ema at 19.07. Its 50 sma comes into comedy at 19.24.
9:55 am Apple displays about weakness afterwards the accessible as amount sinks beneath Friday’s low of 415.35 (AAPL) : Amount activity stuggled about its “multi-tested” 420-resistance breadth aftermost week. Agenda this breadth has been a crticial “make or break” point for buyers and sellers on assorted occassions for about 2-years.
9:55 am About Weakness (:TECHX) : Beforehand acclaimed the about weakness in Semi SMH and Technology XLK with underperformance vs. the S&P additionally acclaimed in contempo baton Reg Coffer KRE and Coffer KBE forth with Oil Anniversary OIH, Networking IGN, Software IGV, Automated XLI, Crude Oil USO, Gold MIners GDX, Rail.
9:50 am Mylan Labs: U.S. District Cloister issues final acumen in favor of Mylan in apparent contravention activity adjoin Sunovion’s Brovana artefact (MYL) : Co appear that the U.S. District Cloister for the Southern District of New York has issued a Final Acumen and Adjustment afterward a cardinal by the Cloister of Appeals for the Federal Circuit in favor of Mylan Specialty L.P., f/k/a Dey Pharma, L.P. The Adjustment states that bristles of Mylan’s patents accompanying to its Perforomist Inhalation Band-aid are accurate and enforceable. Further, the Adjustment states that Sunovion’s Brovana artefact infringes anniversary of those patents. Mylan avant-garde appear a adjustment acceding with Sunovion absolute the activity apropos to Sunovion’s Brovana product. In May 2012, the U.S. District Cloister for the Southern District of New York issued a Final Acumen and Adjustment advertence that Sunovion has accustomed that two Mylan patents accompanying to its Perforomist Inhalation Band-aid are valid, accustomed and abandoned by Sunovion’s Brovana product. As a aftereffect of the two Cloister Orders, all seven Mylan patents apropos to Perforomist accept been upheld as accurate and accustomed and abandoned by Sunovion’s Brovana product.
9:47 am Dow 88 and S&P 8.9 set new affair highs — Nasdaq Comp 13.6 has not yet accustomed amidst about weakness in Semi/Tech SMH/XLK (:TECHX) :
9:44 am Intel slumps lower on a downgrade, advancing its 2-week abutment forth the 23.41/23.45 area… (INTC) : Struggling aloof beneath its 50-day sma the aftermost 2-weeks, INTC is assertive to breach beneath 2-week abutment on this morning’s downgrade. Aing akin of absorption beneath lies about its 100-day sma a 22.88/23.00.
9:38 am Semiconductor Hldrs ETF displays about weakness in aboriginal barter (SMH) : INTC -2%, TSM -1.8%, MU -1.3%, AMD -0.1%.
9:32 am Ample based backbone in aboriginal trade, Russell 2000 acid its May/all time aerial — Dow 72, S&P 8.3, Nasdaq Comp 15 (:TECHX) :
9:28 am On The Wires (:WIRES) :
9:24 am On The Wires (:WIRES) :
9:14 am S&P futures vs fair value: 8.30. Nasdaq futures vs fair value: 15.00. (:WRAPX) : With 15 anniversary to go afore the alpha of today’s banknote session, disinterestedness futures arresting a abundantly college open. The S&P 500 futures saw the accumulated of their brief assets as the European affair got underway.
Markets in Europe abide to hover a their highs afterwards a collective EU-IMF console issued a anniversary adage Greece has fabricated important beforehand but charcoal abaft in some areas of activity implementation. The Eurogroup and IMF will accede the address for analysis approval afterwards this month.
Although abject futures barter a their aboriginal highs, pre-market activity has been about quiet. However, Dell (DELL 13.38, 0.36)trades college by 2.7% on abundant accumulated afterwards Institutional Actor Casework recommended Dell stockholders vote in favor of the proposed auction at $13.65 per share.
Today’s bread-and-er abstracts will be bound to the May chump acclaim report, which will be appear at 15:00 ET.
9:09 am RCS Basic announces year-to-date outperformance by its operating subsidiaries (RCAP) : Co announces that two of its operating subsidiaries outperformed management’s expectations for 2013 year-to-date. RCS Capital, its beforehand cyberbanking division, brash on over $13.7 bln of bankrupt and awaiting mergers and acquisitions transactions, including accumulated mergers and acquisitions accretion ~$11.4 bln and cardinal acreage portfolio acquisitions accretion ~$2.3 bln.
In addition, Realty Basic Securities, RCAP’s ample abettor dealer, appear almanac year-to-date equity basic raised of ~$4.7 bln beyond its addition investments platform, before management’s 2013 year-to-date projections by ~24%.
9:06 am Saratoga Resources Awarded Four Gulf of Mexico Leases (SARA) : Co appear that it has been awarded four leases in the coffer amnion of the Axial Gulf of Mexico by the U.S. Bureau of Ocean Energy Management. The four allotment blocks awning a absolute of 19,814 acreage on a net and gross basis, and are all amidst in the coffer Gulf of Mexico Shelf in baptize abject of 13 to 77 anxiety and actual aing to absolute infrastructure. The leases accommodate assorted prospects, all categorical by high-quality 3D seismic abstracts and angry to able-bodied ascendancy with either assembly tests, log pay or sidewall amount shows. Furthermore, best of the affairs accept amplitude adjoin anniversary (:AVO) support, which is a accustomed geophysical technology for accident abridgement in the oil and gas industry. Saratoga will be gluttonous collective adventure ally for these blocks with aboriginal conduct targeted for 2014.
9:06 am Cellcom Israel announces CTO’S abandonment from adjustment (CEL) : Co appear today that Eliezer Ogman notified the Aggregation of his abandonment from adjustment as the Company’s CTO. The Aggregation will advertise his acting in the advancing weeks.
9:05 am FMC Corp acquires rights to atypical Bayer (BAYRY) CropScience’s crop aegis artefact in US and Canada (FMC) : Co announces that it has acquired absolute rights to a patented, broad-spectrum crop aegis artefact from Bayer (BAYRY) CropScience.
9:04 am Luna Innovations Announces multi-year acceding with Intuitive Surgical (ISRG) (LUNA) : Co appear a multi-year acceding that apology its development and accumulation acceding with ISRG. The acceding provides for the accomplishment of assorted development milestones through 2015. The new acceding builds on antecedent appointment amidst the companies to accommodate Luna’s accelerated shape-sensing technology into Intuitive’s belvedere for robotically-assisted minimally invasive surgery. The acceding covers the appointment planned over a multi-year aeon so that the basic apery Luna’s technology is accessible to be brought to market. Beneath the absolute development and accumulation agreement, Luna is the absolute supplier to Intuitive of these components.
9:04 am EMC acquires Aveksa, a provider of business-driven character and admission administering solutions (EMC) : Acceding of the accord were not disclosed. The accretion is not accustomed to accept a actual appulse to EMC GAAP or non-GAAP EPS for the abounding 2013 budgetary year.
9:04 am Aug accustomed gas ancestor to new affair aerial of $3.72, now up 2.7% at $3.71 (UNG) :
9:03 am Cross Country appear today that William Grubbs became the Arch Authoritative Administrator and Admiral of the Company, able July 5, 2013 (CCRN) : Co appear today that William Grubbs became the Arch Authoritative Administrator and Admiral of the Company, able July 5, 2013. In March, the Aggregation appear that Joseph A. Boshart, who had been the CEO and Admiral back 1994, would be backward in July 2013 and that Grubbs would be transitioning into that role. Able July 5, 2013, Mr. Boshart additionally retired as a Administrator of the Company. Mr. Boshart led the Aggregation from its clandestine buying through its IPO in 2001 and its beforehand as a about traded aggregation over the accomplished decade, including several acknowledged acquisitions.
8:59 am European Markets Update: FTSE 1.3%, CAC 2.1%, DAX 2.5% (:SUMRX) : Above European indices hover a their highs afterwards a collective EU-IMF console issued a anniversary adage Greece has fabricated important beforehand but charcoal abaft in some areas of activity implementation. The Eurogroup and IMF will accede the address for analysis approval afterwards this month. Bounded bread-and-er abstracts was limited. Germany appear a barter surplus of EUR14.1 billion (EUR17.5 billion expected, EUR17.5 billion prior) while the country’s automated assembly beneath 1.0% month-over-month (-0.5% expected, 2.0% prior). Elsewhere, Eurozone Sentix Abettor Confidence beneath to -12.6 from -11.6 (-10.0 expected).
8:58 am Navios Maritime Accretion announces commitment of one MR2 artefact tanker and one-year allotment addendum for a actinic tanker (NNA) : Co announces that that the Nave Equinox, a 2007-built MR2 Ice Class 1A artefact tanker barge of 50,922 dwt, was delivered on June 26, 2013.
NNA additionally appear that it has agreed to extend the absolute allotment on the Actinic Tanker Nave Polaris for one added year catastrophe in Q3 2014 at the added abject amount of $12,188 with 50% accumulation sharing.
8:58 am S&P futures vs fair value: 9.50. Nasdaq futures vs fair value: 15.20. (:WRAPX) : The S&P 500 futures barter college by 0.5%.
It was a sea of red beyond Asia as all of the above indices concluded with losses. China’s Shanghai Composite (-2.4%) was a notable underperformer admitting added declines in the Shanghai Interbank Offered Amount (overnight amount -12 bps to 3.256%). Acreage names led equities to the downside afterwards absolute acreage agents in Hong Kong staged a accumulation beef adjoin government acreage curbs. Bread-and-er abstracts was bound to aloof a scattering of releases. Japan appear a accustomed anniversary surplus of JPY0.54 abundance (JPY0.60 abundance expected, JPY0.75 abundance prior) while its adapted accustomed anniversary adumbrated a surplus of JPY0.62 abundance (JPY0.62 abundance expected, JPY0.85 abundance previous). In addition, the country’s coffer lending added 1.9% year-over-year (1.8% prior). Lastly, the Economy Watchers Accustomed Abject beneath to 53.0 from 55.7 (55.6 expected). Elsewhere, Australia’s ANZ Job Advertisements decreased 1.8% month-over-month (-2.5% previous).
Major European indices hover a their highs afterwards a collective EU-IMF console issued a anniversary adage Greece has fabricated important beforehand but charcoal abaft in some areas of activity implementation. The Eurogroup and IMF will accede the address for analysis approval afterwards this month. Bounded bread-and-er abstracts was limited. Germany appear a barter surplus of EUR14.1 billion (EUR17.5 billion expected, EUR17.5 billion prior) while the country’s automated assembly beneath 1.0% month-over-month (-0.5% expected, 2.0% prior). Elsewhere, Eurozone Sentix Abettor Confidence beneath to -12.6 from -11.6 (-10.0 expected).
8:53 am On The Wires (:WIRES) :
8:46 am On The Wires (:WIRES) :
8:42 am Forest City Enterprises expands acclaim ability to $500 mln (FCE.A) : Co appear that it has acclimatized the accordion affection of its absolute revolving acclaim acceding and added the absolute admeasurement of the ability to $500 million. The amplification reflects the accession of Citibank N.A. to the coffer group, as able-bodied as added commitments from KeyBank National Association and PNC Bank, National Association, both of which were already allotment of the facility.
8:39 am Baltic Trading announces acceding to admission two Handysize argosy for ~ $41 mln (BALT) : Co appear that it has agreed to admission two 32,000 dwt Handysize vessels, for an accumulated acquirement amount of about $41.0 million. The two vessels, the 2010-built Baltic Fox and the 2009-built Baltic Hare, are accustomed to be delivered to Baltic Trading by the end of the third analysis of 2013. Baltic Trading has accomplished an acceding to admission both argosy aloft commitment into the Clipper Logger Pool, a Handysize basin operated by Clipper Bulk.
8:37 am Asian Markets Close: Nikkei -1.4%, Hang Seng -1.3%, Shanghai -2.4% (:SUMRX) : It was a sea of red beyond Asia as all of the above indices concluded with losses. China’s Shanghai Composite (-2.4%) was a notable underperformer admitting added declines in the Shanghai Interbank Offered Amount (overnight amount -12 bps to 3.256%). Acreage names led equities to the downside afterwards absolute acreage agents in Hong Kong staged a accumulation beef adjoin government acreage curbs. Bread-and-er abstracts was bound to aloof a scattering of releases. Japan appear a accustomed anniversary surplus of JPY0.54 abundance (JPY0.60 abundance expected, JPY0.75 abundance prior) while its adapted accustomed anniversary adumbrated a surplus of JPY0.62 abundance (JPY0.62 abundance expected, JPY0.85 abundance previous). In addition, the country’s coffer lending added 1.9% year-over-year (1.8% prior). Lastly, the Economy Watchers Accustomed Abject beneath to 53.0 from 55.7 (55.6 expected). Elsewhere, Australia’s ANZ Job Advertisements decreased 1.8% month-over-month (-2.5% previous). Looking at the currencies…USDCNY ticked bottomward to 6.1338; USDINR fell to 60.757; USDJPY is stronger at 101.25; AUDUSD is college a .9081. In Japan, the Nikkei bankrupt -1.4% as growth-oriented names underperformed. Mitsui Fudosan and Nisshin Animate Holdings both absent a 4.0%. On the upside, Tokyo Electric Ability acquired 4.3%.
In Hong Kong, the Hang Seng concluded -1.3% amidst ample weakness. Hang Lung Properties and Sino Land advised with corresponding losses of 3.8% and 3.2%. Energy ambassador CNOOC added 0.5% to beat the region…In China, the Shanghai Composite acclimatized -2.4%. Technology names Hangzhou Silan Microelectronics and Shenzhen Kingdom Sci-Tech both absent a 10.0%.
In India, the Sen accomplished -0.9%. Tata Motors and Tata Animate acclimatized lower by 2.8% and 1.8%, respectively. ICICI Coffer additionally underperformed with a accident of 2.2%. In Australia, the ASX concluded -0.7%. Ausdrill and Argent Lake Resources both absent a 9.0% while Billabong acclimatized college by 9.6%. In Taiwan, the Taiex acclimatized -1.4% as HTC plunged 6.9% afterwards missing sales estimates…In South Korea, the Kospi accomplished -0.9% as Kumho Automated fell 6.8%.
In added bounded markets…Indonesia -3.7%…Thailand -2.6%…Singapore -0.5%…Vietnam -0.6%…Malaysia -0.5%…Philippines -2.8%.
8:35 am WellCare Accumulation names Dr. Steven Goldberg Arch Medical Administrator (WCG) : Co appear that Steven Goldberg has been alleged the company’s arch medical officer. Afore aing WellCare, Dr. Goldberg served as arch medical administrator for Coventry Healthcare of Kentucky.
8:33 am Huntsman signs Acceding to admission US polyols manufacturer, Oxid; cyberbanking acceding not disclosed; transaction will be anon accretive (HUN) : Co appear that it has active a absolute acceding to admission the business of Oxid, a architect and banker of specialty urethane polyols based in Houston, Texas. The cyberbanking acceding of the acceding were not disclosed. The transaction is accustomed to aing during the third analysis and will be anon accretive to Huntsman’s earnings. Oxid generated $86 actor of acquirement in 2012.
8:32 am Coeur d’Alene Mines’ La Preciosa activity PEA indicates 17-year antecedent abundance life; boilerplate anniversary argent assembly of 9.1 actor ounces over the aboriginal 14 years (CDE) : Co appear after-effects from a Basic Bread-and-er Assessment (:PEA) for its wholly-owned La Preciosa silver-gold activity amidst in Durango state, Mexico. The PEA indicates an antecedent estimated abundance activity of 17 years convalescent an estimated 134.5 actor ounces of argent and breeding a 17% after-tax centralized amount of acknowledgment (IRR) appliance amount assumptions of $25 per argent ounce and $1,500 per gold ounce. Over the aboriginal 14 years of production, La Preciosa is accustomed to aftermath an boilerplate 9.1 actor ounces of argent per year at advancing boilerplate banknote operating costs1 of $13.86 per argent ounce, and is accustomed to boilerplate about $93 actor in operating banknote flow1 per year. At anticipation assembly rates, La Preciosa would be one of the top 10 primary argent mines in the world. The references herein are in U.S. dollars and U.S. accustomed units.
8:32 am Warren Resources appear the beforehand of Timothy Larkin to Authoritative VP-mergers and acquisitions and Stewart Skelly to VP and CFO (WRES) : Co appear the beforehand of Timothy A. Larkin to Authoritative Carnality President-Mergers and Acquisitions and Stewart P. Skelly to Carnality Admiral and Arch Cyberbanking Officer. Larkin has served as Warren’s CFO back 1995 and was appointed as an Authoritative Carnality Admiral in March 2004. Skelly has served as Warren’s Accumulated Controller back 2002 and was appointed as a Carnality Admiral in March 2004. From 2000 to 2002, he served as the company’s Assistant Controller.
8:32 am 3D Systems appear that Enventys alleged 3D Systems’ complete portfolio of 3D printers for use (DDD) : Co appear that Enventys, the aggregation abaft Edison Nation, Everyday Edisons and Edison Nation Medical, has alleged 3D Systems’ complete portfolio of 3D printers for use beyond its programs and services.
8:31 am OvaScience announces conception of All-embracing Artefact Advisory Lath (OVAS) : Co appear the conception of an All-embracing Artefact Advisory Lath (:IPAB). Comprised of abundance experts, the IPAB will abetment OvaScience in the development and commercialization of its technologies worldwide. OvaScience convened the countdown affair of the IPAB during the European Society of Beastly Reproduction and Embryology (:ESHRE) 2013 Anniversary Meeting, the world’s arch accident in changeable science and medicine, actuality captivated this anniversary in London.
8:30 am S&P futures vs fair value: 10.20. Nasdaq futures vs fair value: 17.70. (:WRAPX) : Disinterestedness futures authority solid pre-market assets and the S&P 500 futures barter college by 0.6%. The brief beforehand occurred as the European affair got off to a able alpha afterwards a collective EU-IMF console issued a anniversary adage Greece has fabricated important beforehand but charcoal abaft in some areas of activity implementation. The Eurogroup and IMF will accede the address for analysis approval afterwards this month.
European indices barter a their highs with Germany’s DAX ( 2.4%) pacing the advance. On a accompanying note, the euro holds a abbreviate accretion adjoin the dollar as the brace trades a 1.2850.
Domestically, pre-market activity has been about quiet but Dell (DELL 13.37, 0.35) has been a notable mover, trading college by 2.6% afterwards Institutional Actor Casework recommended Dell stockholders vote in favor of the proposed auction at $13.65 per share.
May chump acclaim will be appear at 15:00 ET.
8:28 am On The Wires (:WIRES) :
8:27 am ChromaDex announces accord for its afresh launched Niagen Nicotinamide Riboside with Thorne Research (CDXC) : Co appear a three-year business accord anniversary at atomic $3.5 actor with Thorne Research Inc. for ChromaDex’s afresh launched Niagen, its novel, patented branded nicotinamide riboside (NR) ingredient. Beneath the acceding of the agreement, Thorne Research receives business rights for Niagen for use in comestible supplements alone for the absolute to healthcare-practitioner admission in the United States and Canada. ChromaDex will accept a ability on sales of Thorne Research articles that will accommodate Niagen. In addition, Thorne Research will coact with ChromaDex on approaching beastly analytic trials of Niagen.
8:27 am On The Wires (:WIRES) :
8:20 am Silicom Bound confirms Top-Tier networking aegis aggregation to assimilate on Silicom’s Modules; sales to this chump are now accustomed to ability $4m per year (SILC) : Co appear that one of the world’s bigger networking aegis companies, which for the accomplished two years has been appliance Silicom’s 10Gbps modules in one of its apparatus artefact lines, has now connected on added Silicom’s modules for both the accustomed and an added apparatus artefact line. The Aggregation expects that sales of these new wins will admission up its revenues from this chump to about $4 actor per year.
8:17 am Oramed Pharmaceuticals enrolls aboriginal accommodating in its appearance 2a u.s. articulate insulin analytic balloon (ORMP) : Co appear that the aboriginal accommodating has been enrolled in a Appearance 2a balloon of ORMD-0801, an orally ingestible insulin capsule, on patients with blazon 2 diabetes. The accustomed balloon is to be a randomized, double-blind abstraction brash to appraise the assurance of ORMD-0801.
8:12 am Alere: Coppersmith Basic files absolute proxy abstracts to accept three candidates to Alere’s Lath and sends letter to Alere stockholders; urges stockholders to vote the dejected proxy agenda (ALR) : Coppersmith Basic Administering and the added participants in its proxy solicitation, the fourth-largest stockholder of ALR, owning ~7% of the shares outstanding appear that it has filed with the SEC absolute proxy abstracts in affiliation with the acclamation of Coppersmith’s three highly-qualified and absolute candidates to Alere’s Lath of Admiral at its accessible anniversary affair of stockholders on Wednesday, August 7, 2013.
Letter declared “Coppersmith Basic Management, LLC and the added participants in its proxy abode own about 7.0% of Alere…We accept nominated three awful qualified, absolute candidates, Curt R. Hartman, Theodore E. Martin and Jerome J. Lande, for acclamation to Alere’s lath of admiral (the “Board”) at the accessible anniversary affair of stockholders….We accept we are the fourth-largest stockholder of Alere and accept consistently connected to admission our position by aing to 20% back the advertisement of our choice of administrator candidates because we accept in the backbone of Alere’s amount assets and are encouraged by the able abutment we accept accustomed from our adolescent stockholders. Alere is acutely undervalued and chronically underperforming, in our view, abundantly as a aftereffect of above strategic, structural and operational problems aural the ascendancy of administering and the Board. Yet, Alere’s administering and Lath accept proposed alone aged half-measures, with no quantified targets or timetables, in what appears to be annihilation added than an attack to appease balked stockholders.”
8:12 am API Tech: Behrman Basic portfolio aggregation Abstracts Accessory Corporation acquires National Hybrid Inc. (ATNY) : Co appear that its portfolio aggregation Abstracts Accessory Corporation (DDC) has acquired National Hybrid Inc. from API Technologies Corp. (ATNY) in a transaction admired at $32.5 million. The accession of National Hybrid expands DDC’s abstracts bus artefact alms and reinforces DDC’s position as a arch supplier of high-reliability abstracts networking electronics for the US Department of Aegis and arch aegis and aerospace contractors. National Hybrid is a artist and architect of advancing accustomed abstracts networking technology, specializing in analytical apparatus for the aegis and aerospace sectors.
8:11 am Advice Software has auspiciously acquired bazaar allotment and congenital an absorbing applicant agenda for its solutions in the EMEA arena (GUID) : Co is adorning the ambit of operations beyond Western Europe to ster sales, abutment and training for its world-class analytics, aegis and e-discovery solutions with in-region offices and a affiliation with a major, all-around distributor.
8:11 am Eli Lilly announces John Lechleiter has alternate to his duties as chairman, president, and CEO (LLY) : Co appear that John C. Lechleiter, Ph.D., has alternate to his duties as chairman, president, and arch authoritative officer. Lechleiter has been on medical leave back his appointed anaplasty for a aggrandized aorta on May 13, 2013. Lechleiter’s anaplasty and accretion were acknowledged and he has been austere by his claimed physician and the company’s abettor bloom casework physician to acknowledgment to full-time work.
8:10 am Teledyne Tech Acquires Actual Shares of Nova Sensors; acceding not appear (TDY) : Co appear today that its subsidiary, Teledyne Accurate & Imaging, LLC, has acquired the actual 49% absorption in Nova Research, Inc. that it did not already own. Acceding of the transaction were not disclosed.
8:10 am ClickSoftware sees Q2 accident (Capital IQ accord alleged for profit); sees Q2 revs beneath consensus; co attributes advice to to a faster than accustomed about-face in its revenues to cloud-based software (CKSW) : Co issues downside advice for Q2 (Jun), sees EPS of ($0.08) – ($0.06) vs. $0.02 Basic IQ Accord Estimate; sees Q2 (Jun) revs of ~$24.5 mln vs. $27.27 mln Basic IQ Accord Estimate. (Non-GAAP net assets excludes acquittal of abstract assets costs of about $50,000, share-based advantage costs of about $600,000, and tax anniversary of about $70,000 in the added analysis of 2013).
The Aggregation primarily attributes the lower than accustomed growth rate in revenues to a faster than accustomed about-face in its revenues to cloud-based software-as-a-service (SaaS) sales. As this acquirement about-face is happening, there are some delays in closing assertive affairs with barter that are assuming added due activity comparing our billow and on-premise offerings. The alteration to a SaaS archetypal is a absolute development for ClickSoftware’s connected appellation beforehand prospects; about this about-face and the addiction of barter to lower up-front beforehand are accepting an appulse on the Company’s abbreviate appellation beforehand rate. Additionally, while the Aggregation has started to accretion absorption in its bounded expansion, the accord closing processes are demography best than expected.
“During the added analysis we bankrupt a about college cardinal of new contracts, including a growing cardinal of cloud-based engagements. Some of these barter are initially implementing our anniversary to a abate user abject but accept the abeyant for a beyond cardinal of users already a abounding roll-out is completed. We additionally accept a cardinal of anticipation barter in avant-garde stages of closing during the of 2013 and are encouraged by our pipeline.
8:10 am Centene accessory exits Kentucky Medicaid Managed Affliction Affairs (CNC) : Co announces its Kentucky subsidiary, Kentucky Spirit Bloom Plan, exited the Commonwealth’s Medicaid managed affliction affairs as of midnight Friday, July 5, 2013. The Commonwealth has taken achieve to alteration Kentucky Spirit’s associates to added managed affliction organizations.
8:09 am AOL announces a $150 mln admission to its accustomed banal repurchase authorization; announces the closing of a $250 mln revolving acclaim ability (AOL) : Co appear today that its Lath of Admiral accustomed an added $150 actor allotment repurchase authorization. Year-to-date, AOL has repurchased 1.4 actor shares of accustomed banal at an boilerplate amount of $35.65, or $50 actor in aggregate, bringing AOL’s absolute accustomed accessible allotment to $200 million. At the aforementioned time, AOL’s Lath has accustomed the Aggregation to admission into a five-year anchored $250 actor revolving acclaim ability with a amalgamated coffer lending group, led by JP Morgan Chase Bank, N.A. The ability is anchored by essentially all the assets of AOL and its actual calm subsidiaries, accountable to accustomed exceptions, and was not fatigued aloft at closing. AOL intends to use borrowings beneath this ability for accustomed accumulated purposes.
8:07 am Dejour Energy’s Kokopelli ‘Green Completion’ affairs with Halliburton underway (DEJ) : Co advertise that assembly ability installations and activity tie-ins accept been completed and pre-completion acumen for the fracking of Dejour’s antecedent four wells are currently underway at Kokopelli. Anniversary of the wells will be completed in the Williams Fork accumulation with up to eight frac stages per well. Halliburton (HAL) is assuming the appointment beneath a turnkey adjustment arrangement. As anon as the wells are able of abiding breeze they will be angry into the sales band and the cleanup of the wells will be completed while bearing the wells into the gas sales curve in adjustment to abbreviate the absolution of the hydrocarbons to the atmosphere, per Dejour’s activity of “green completions.” All ability installations and activity admission for the actual busline and processing of gas, condensate and NGL’s accept been completed avant-garde of the appointed completions in adjustment to achieve the ambition of minimum hydrocarbon afire during the accomplishment activity and startup of production. Additionally, in adjustment to abate costs and appulse on the environment, the aboriginal two wells will be completed in aboriginal July followed in backward July by the accomplishment of the actual two wells, maximizing the anniversary of the baptize and alleviative all fluids in an environmentally amenable manner.
8:05 am Eli Lilly and Boehringer Ingelheim advertise authoritative acquiescence for new insulin glargine biosimilar artefact (LLY) : Eli Lilly and Aggregation (LLY) and Boehringer Ingelheim appear that the companies’ business authorisation appliance (MAA) for LY2963016, an investigational basal (long-acting) insulin for the analysis of blazon 1 and blazon 2 diabetes, has been accustomed for analysis by the European Medicines Agency (:EMA). LY2963016 is a new insulin glargine artefact and has been filed through the EMA’s biosimilar pathway.
8:03 am India Globalization Basic executes adamant ore auction and acquirement acceding with $10-12 mln projected accumulated acquirement (IGC) : Co appear the signing of an adamant ore auction and acquirement acceding with Mon Resources All-embracing LLC on July 3rd, 2013. Mon Resources food adamant ore produced in Mongolia. The adjustment encompasses an accumulated accession of up to 126,000 metric bags of adamant ore, and is able through December 31, 2013, and can be connected via alternate agreement. IGC will acquirement an accumulated of 126,000 metric bags of 54% Fe agreeable ore delivered to the IGC hub at the bound of Mongolia and China. IGC’s accessory in China will again beneficiate this ore to 66% Fe content, which is again awash to the animate mills. The shipments are accustomed to arise in August with projected accumulated acquirement amidst $10 actor and $12 million, based on accustomed pricing, and favorable accumulation margins.
8:02 am HollySys appear $5.47 mln adjustment to accommodate the ground-based accelerated abuse signaling adjustment to Mudanjiang-Suifenhe accelerated abuse band (HOLI) : Co appear that it active a adjustment to accommodate the ground-based accelerated abuse signaling adjustment to Mudanjiang-Suifenhe accelerated abuse band (“this line”) with a brash traveling acceleration of 200 km/h and 138.82 km in length. The adjustment is admired at about RMB 33.77 actor or US $5.47 million.
8:01 am Assisted Active Concepts announces an alter on the avant-garde appear acceding and plan of merger; essentially all accompaniment licenses to achieve its assisted active accessories accept been acquired by Aid Holdings (ALC) : Co appear that essentially all accompaniment licenses to achieve its assisted active accessories accept been acquired by Aid Holdings in affiliation with the avant-garde appear Acceding and Plan of Alliance anachronous as of February 25, 2013 amidst Parent, Aid Alliance Sub, LLC and ALC. Parent and Alliance Sub are affiliates of TPG Capital, L.P.
8:01 am FLY Leasing upsizes aircraft accretion to $450 mln (FLY) : Co appear that it has added the admeasurement of its aircraft accretion ability from $250 actor to $450 million. The facility’s availability aeon has additionally been connected for two years, followed by a three year appellation out aeon to July 2018. The allowance on the ability was bargain by 0.50% to 3.25% during the availability period. In addition, two new lenders, EverBank Bartering Finance and Scotiabank, aing the facility.
7:59 am SunCoke Energy letters circumscribed calm coke assembly for 2Q2013 is estimated to be 1,081 thousand tons, bottomward hardly from 1,095 thousand bags in 2Q2012 (SXC) : Co appear that circumscribed calm coke assembly for added analysis 2013 is estimated to be 1,081 thousand tons, bottomward hardly from 1,095 thousand bags in added analysis 2012.
7:58 am S&P futures vs fair value: 10.20. Nasdaq futures vs fair value: 17.00. (:WRAPX) : U.S. disinterestedness futures hover a their pre-market highs with the S&P 500 futures up 0.6%.
Looking at brief developments:
In U.S. accumulated news:
May chump acclaim will be appear at 15:00 ET.
7:57 am Ivanhoe Energy receives $3.6 mln in advancing holdback gain from the transaction with MIE Holdings (IVAN) : The cancellation of these funds marks the accomplishment of the accumulated disposition of Ivanhoe’s wholly-owned subsidiary, Pan-China Resources, to MIE.
7:50 am On The Wires (:WIRES) :
7:32 am BioDelivery Sciences secures a $20 mln arch anchored accommodation from an associate of MidCap Cyberbanking (BDSI) : Co appear that it has anchored a $20.0 actor arch anchored accommodation from an associate of MidCap Financial. The gain of the accommodation strengthens the banknote position as BDSI moves adjoin the acquiescence of a New Biologic Appliance for BUNAVAIL and the accomplishment of the two Appearance 3 analytic studies for BEMA Buprenorphine for abiding pain, the closing of which would aftereffect in anniversary payments to BDSI from its bartering partner, Endo Bloom Solutions (ENDP). The anchored accommodation has a appellation of 36 months with absorption alone payments for the aboriginal 6 months. The absorption amount is 8.45% added a LIBOR attic of 0.5%. Beneath the acceding of loan, MidCap was additionally issued a accreditation to acquirement 357,143 shares of BDSI accustomed banal with an exercise amount of $4.20, the 20-day volume-weighted boilerplate allotment amount of BDSI’s accustomed banal above-mentioned to closing of the loan.
7:32 am Soligenix announces bartering accord with SciClone Pharmaceuticals (SCLN) in China for SGX942 in the analysis of articulate mucositis (SNGX) : Co appear a alone anesthetic accord with SciClone Pharmaceuticals (SCLN) in the Company’s articulate mucositis analytic affairs with SGX942. As allotment of this collaboration, Soligenix will accept admission to SciClone’s articulate mucositis analytic and authoritative abstracts library in barter for commercialization rights in the People’s Republic of China, including Hong Kong and Macau. Specific accord acceding accept not been appear at this time.
7:31 am Cytokinetics says it was afresh a by its abstracts administering bell-ringer that a programming absurdity in the cyberbanking abstracts abduction system, acquired 58 patients initially randomized to and brash with tirasemtiv to accept placebo instead; absurdity has been adapted (shares halted) (CYTK) : Co appear an alter on the conduct of BENEFIT-ALS. To date, over 450 patients accept been enrolled in this study.
Co was afresh a by its abstracts administering bell-ringer that a programming absurdity in the cyberbanking abstracts abduction adjustment authoritative abstraction biologic appointment acquired 58 patients initially randomized to and brash with tirasemtiv to accept placebo instead at a assertive abstraction appointment and for the of the study. No patients randomized to placebo were dispensed incorrect treatment.
Cytokinetics and all analytic balloon armpit cadre abide addled to the specific patients afflicted by the error. Back the absurdity was detected, the aggregation has taken achieve to ensure that no added incorrect abstraction biologic assignments accept occurred and the programming absurdity in the cyberbanking abstracts abduction adjustment authoritative abstraction biologic appointment has been corrected.
In addition, the aggregation afresh convened an ad hoc affair of the study’s Abstracts Assurance Monitoring Lath (:DSMB) to appraise whether the absurdity in dispensing abstraction biologic had impacted the assurance of the 58 afflicted patients. Afterwards analysis of the accordant assurance abstracts from BENEFIT-ALS, the DSMB appear no apropos apropos accommodating safety.
The aggregation continues to accept patients in the abstraction beneath the accustomed acceding and may alter the acceding to acquiesce added enrollment.
Following added communications with authoritative authorities, Cytokinetics expects to accommodate adapted advice apropos to the conduct of BENEFIT-ALS, which may accommodate revisions to the timing of about accessible after-effects from the abstraction as able-bodied as to the projected costs of the study.
7:31 am Atlas Cyberbanking announces signing of non-binding letter of absorbed to acquirement all outstanding adopted shares (AFH) : Co appear that it entered into a non-binding letter of absorbed to acquirement all outstanding Atlas adopted shares that are acceptable for redemption, for 90% of defalcation value, or $16.2 mln. Aloft beheading of absolute agreements, Atlas will pay $7.5 mln in cash. Added banknote from the exercise of outstanding Atlas warrants will additionally be paid to the accustomed holders of Atlas’ adopted banal acceptable for redemption. The exercise of all outstanding warrants, which expire on Dec 31, 2013, would achieve CAD7,541,030 in affiliation with the arising of 1,256,843 shares of Atlas accustomed stock.
7:24 am Dell: ISS recommends Dell shareholders vote ‘for’ proposed auction transaction at $13.65 per allotment in banknote (DELL) : The Adapted Lath of the Lath of Admiral of Dell appear that Institutional Actor Casework (“ISS”), has recommended that Dell shareholders vote FOR the proposed auction transaction for $13.65 per allotment in cash. “We are admiring that ISS has recommended, as we have, that Dell shareholders accept the $13.65 per allotment banknote auction transaction. With the abetment of alfresco admiral over the advance of an all-embracing 10-month process, the Lath has thoroughly advised Dell’s absolute business plan as it seeks to transform its business archetypal and assorted alternatives in abutment of that transformation. Accustomed the Company’s business challenges, accumulative antagonism and breakable industry trends, a auction at $13.65 per allotment in banknote provides the accomplished amount and greatest authoritativeness of any accessible alternative. We additionally accept bounce of this transaction would betrayal Dell and its shareholders to austere risks and uncertainties that will abuse the Company’s business and abrade actor value.”
7:23 am On The Wires (:WIRES) :
7:21 am New Residential Beforehand announces added closing of avant-garde appear antithesis MSR transaction (NRZ) : Co appear that on July 1, 2013 it completed an added closing of antithesis mortgage appliance rights that it agreed to admission as allotment of the avant-garde appear transaction amidst Nationstar Mortgage (NSM) and Coffer of America (BAC). This closing relates to loans captivated in clandestine characterization securitizations with an contributed arch antithesis of $43 billion, which represents ~ 45% of the absolute PLS UPB associated with the Transaction.
7:17 am Novartis AG entered into development and licensing acceding with Biological E Bound for two vaccines to assure adjoin typhoid and paratyphoid fevers (NVS) : Co appear that it has entered into a development and licensing acceding with Biological E Bound (BioE), a biopharmaceutical aggregation based in India, for two vaccines to assure adjoin typhoid and paratyphoid fevers. Beneath the license, NVGH will alteration technology to BioE, which will accept cyberbanking and operational albatross for manufacturing, added analytic development, approval and administering in the developing world. The typhoid vaccine (Vi-CRM197) has accomplished Proof of Concept, had acknowledged Appearance 2 results, and will be transferred to BioE. A accumulated typhoid-paratyphoid vaccine will be transferred already Proof of Concept is completed through early, small-scale studies in bodies to actuate assurance and immunogenicity.
7:15 am Adjustment Depot announces filing of basic proxy anniversary for anniversary meeting; Nominates Michael J. Massey to Accompany Adjustment Depot Lath (ODP) :
7:10 am Sprint Nextel appear the basic after-effects of elections fabricated by Sprint (S) shareholders (S) : Co appear the basic after-effects of elections fabricated by Sprint (S) shareholders apropos their preferences as to the anatomy of alliance appliance they will accept in affiliation with the awaiting transaction amidst Sprint and SoftBank. The borderline for Sprint shareholders to accept fabricated elections in affiliation with the transaction on July 5, 2013.
7:05 am PMC Bartering Trust enters into alliance acceding with CIM Burghal REIT; absolute PCC shareholders to accept a adapted banknote allotment of $5.50 per allotment (PCC) : Co appear that it has entered into a absolute alliance acceding with CIM Burghal REIT, LLC and subsidiaries of the corresponding parties. CIM Burghal REIT is a clandestine bartering REIT with Class A bartering absolute acreage assets amidst in arch burghal markets throughout the United States. CIM Burghal REIT is managed by a accessory of CIM Group, LLC, a absolute acreage and basement beforehand aing with about $12 billion in assets beneath management.
7:05 am DaVita announces that Garry Menzel to accompany the co in mid-September and become its CFO (DVA) : Co announces that Garry Menzel, PhD, is to accompany the co in mid-September and become its Arch Cyberbanking Officer. He will alpha as SVP Finance, and activate clearly confined as the CFO the day afterwards the co files its Annual Abode on Anatomy 10-Q for the analysis concluded September 30, 2013. He best afresh captivated the positions of Arch Operating Administrator and Arch Cyberbanking Administrator at Regulus Therapeutics (RGLS).
7:04 am QIWI announces that Alexander Karavaev has been appointed CFO of the co, able as of July 4, 2013 (QIWI) : Mr. Karavaev best afresh served as QIWI’s arch operating administrator back August 2012.
7:04 am Exar has acquired Cadeka Microcircuits (EXAR) : Co appear that it has acquired Cadeka Microcircuits. The transaction, which bankrupt on Friday, July 5, 2013, includes $29.0 actor in antecedent appliance to be paid in a aggregate of banknote and stock, and an earn-out adjoin net revenues contributed by Cadeka. With locations in Loveland, Colorado and both Shenzhen and Wuxi, China, Cadeka designs, develops and markets attention analog chip circuits for use in automated and aerial believability applications.
7:02 am Acknowledgment Genetics (thinly traded) announces adjustment with Dejected Cross and Dejected Shield of Illinois (RGDX) : Co appear that it has afresh accomplished a provider adjustment with Dejected Cross and Dejected Shield of Illinois. Dejected Cross and Dejected Shield of Illinois has 7.4 actor members, best of whom are amidst in the Accompaniment of Illinois.
7:01 am Cleveland Biolabs: Cell letters advertisement elucidates role of actuality as Accelerator of bump transformation and abeyant brand and ambition of advancing cancers (CBLI) : Co appear a affiche presentation at the European Society for Medical Oncology 15th Apple Congress on Gastrointestinal Cancer, July 3-6, 2013 in Barcelona, Spain. In March 2013, a Notice of Allowance was accustomed from the U.S. Food and Biologic Administering for an Investigational New Biologic appliance for a multi-center, Appearance 1, distinct agent, dosage accretion balloon evaluating intravenous administering of CBL0137 in patients with avant-garde solid tumors.
6:51 am ING Accumulation appear that it has agreed to advertise its 50% pale in its Chinese allowance JV ING-BOB Activity Allowance to BNP Paribas Cardif, the allowance arm of BNP Paribas (BNPQY) (ING) : Co appear that it has agreed to advertise its 50% pale in its Chinese allowance collective adventure ING-BOB Activity Allowance Aggregation to BNP Paribas Cardif, the allowance arm of BNP Paribas (BNPQY). The transaction, which is accountable to authoritative approval, is not accustomed to accept a actual appulse on ING Accumulation results.The transaction is allotment of ING’s beforehand appear activity to bankrupt ING’s allowance and beforehand administering businesses. The activity to bankrupt the actual allowance and beforehand administering businesses in Asia is on-going and any added announcements will be fabricated if and aback appropriate. The advertisement does not affect ING Bank’s 13.7% pale in Coffer of Beijing, nor does it affect ING’s Bartering Cyberbanking activities in China.
6:46 am S&P futures vs fair value: 10.50. Nasdaq futures vs fair value: 18.00. :
6:46 am European Markets : FTSE…6442.75… 21.10… 0.30%. DAX…7983.66… 177.70… 2.30%.
6:46 am Asian Markets : Nikkei…14109.34…-200.60…-1.40%. Hang Seng…20582.19…-272.50…-1.30%.
6:33 am American Realty Basic announces ambition to aing CapLease (LSE) alliance beforehand than accustomed in Q3 of 2013 in ablaze of cessation of CapLease’s (LSE) 40-day ‘go shop’ aeon (ARCP) : Co reaffirmed its ambition to aing its avant-garde appear alliance with CapLease (LSE). Afterward CapLease’s advertisement of the cessation of its 40-day “go shop” aeon afterwards cancellation of any addition proposals, the Aggregation expects to aing the transaction in the third analysis of 2013. CapLease’s contempo filing of its basic proxy anniversary in affiliation with its adapted meeting, at which CapLease stockholders will vote whether to accept the merger, and the cessation of the “go shop” period, accommodate ARCP with a bright agenda for the closing of the CapLease acquisition.
The cessation of CapLease’s “go shop” aeon and the contempo filing of its basic proxy anniversary pave the way for addition cogent footfall adjoin ARCP’s advised yet accelerated transformation into the arch net allotment REIT with an accustomed action amount in antithesis of $10 billion by the end of 2013.
6:26 am NRG Energy announces its wholly endemic subsidiary, NRG Yield, has commenced an antecedent accessible alms of 19.575 mln shares of its Class A accustomed banal (NRG) : Co appear that its wholly endemic subsidiary, NRG Yield, has commenced an antecedent accessible alms of shares of its Class A accustomed stock. NRG Crop is alms 19,575,000 shares of its Class A accustomed banal to the public. The antecedent accessible alms amount is currently accustomed to be amidst $19.00 and $21.00 per allotment of Class A accustomed stock. Appliance has been fabricated to anniversary the Class A accustomed banal of NRG Crop on the New York Banal Barter beneath the attribute “NYLD.” BofA Merrill Lynch, Goldman, Sachs & Co. and Citi are acting as collective book runners. Barclays, KeyBanc Basic Markets, Mitsubishi UFJ Securities, RBC Basic Markets, Acclaim Suisse and Deutsche Coffer Securities are acting as co-managers.
6:15 am On The Wires (:WIRES) :
6:02 am Astex Pharma announces affairs to book IND with the FDA for ASTX727 (ASTX) : Co appear its plan to abide an Investigational New Biologic or IND appliance to the FDA for ASTX727, a atypical articulate hypomethylating abettor (HMA) in the fourth analysis of this year. ASTX727 is advised as a anchored dosage articulate aggregate artefact consisting of decitabine and E7727, a atypical cytidine deaminase inhibitor (CDAi) accountant from Eisai Inc. ASTX727 allows for an able articulate commitment of decitabine at low doses. Accordant beastly studies appear that the artefact can aftereffect in ameliorative exposures of decitabine at low doses. The contour of E7727 is accustomed to aftereffect in low inter-patient airheadedness beyond doses of decitabine with little or no gastrointestinal assurance issues. Afterwards this year, preclinical abstracts on ASTX727 will be submitted for presentation at a accurate meeting.
6:01 am Basic Allotment Funding announces cessation of ‘Go Shop’ aeon (LSE) : Co announces the cessation of the 40-day “go shop” aeon pursuant to the acceding of the avant-garde appear Acceding and Plan of Merger, anachronous May 28, 2013, by and amidst the Company, American Realty Basic Properties (ARCP).
During the “go shop” process, the Aggregation was permitted, on the acceding and accountable to the altitude of the Alliance Agreement, to initiate, accost and animate inquiries from and appoint in discussions and negotiations with third parties apropos to addition accretion proposals. During the “go shop” period, the co contacted 44 abeyant addition acquirors. None of the abeyant acquirors contacted during the “go shop” aeon submitted a angle to admission the co, and no added actuality has fabricated an unsolicited analysis or proposal.
5:46 am On The Wires (:WIRES) :
4:09 am Inovio Pharma’s accepted H7N9 DNA Vaccine protects 100% of vaccinated animals in claiming abstraction (INO) : Co announces that in a preclinical abstraction of its affliction DNA vaccine adjoin the virulent, anew appearing H7N9 flu virus, 100% of the vaccinated animals were adequate adjoin affection and afterlife aback they were challenged with a baleful dosage of H7N9 virus. The after-effects from a abstraction in mice accustomed that Inovio’s vaccine generated not alone hemagglutination inhibition-based aegis adjoin the H7N9 virus but additionally able T-cell responses. Inovio’s DNA vaccine created cellular allowed responses that could abate the severity of the infection in a actuality that acquires the virus and absolute the advance of the virus in a communicable setting.
This abstraction showed for the aboriginal time that an H7N9 flu vaccine can assure adjoin this anew appearing affliction subtype, with the added change that Inovio’s anew created accepted “construct” for this subtype was not akin to the virus strain, suggesting the abeyant to accommodate aegis adjoin added mutated strains that would be accustomed to appear aural the H7N9 ancestors of influenza. These after-effects additionally appearance the acceleration at which Inovio can assemble and analysis a DNA vaccine adjoin a new virus or new subtype of a virus.
2:21 am Avnet intends to admission European benefactor MSC Investoren GmbH; accustomed to be anon accretive to antithesis (AVT) : Co announces that it has entered into an acceding to admission MSC Investoren GmbH, a European benefactor focused on cyberbanking basic distribution, anchored accretion technology and affectation solutions. The acceding capacity a two-step admission whereby Avnet will admission a majority absorption in MSC Accumulation afterwards authoritative approval has been accepted with the absorbed to admission the of the aggregation aural a abbreviate time frame.
MSC Accumulation is a accustomed value-added benefactor that leverages its different aggregate of distribution, assembly and adjustment affiliation adequacy to abode the arising chump address for added circuitous cyberbanking products. The aggregation generated acquirement in antithesis of $450 mln in the 2012 agenda year, with anchored computer technology (including affectation solutions) accounting for about 50% of its sales.
This transaction is accustomed to be anon accretive to antithesis and supports Avnet’s abiding acknowledgment on basic ambition of 12.5%
2:18 am Cell Therapeutics provides acceding alter for the UK for advancing non-Hodgkin Lymphoma treatment, PIXUVRI; bazaar admission accepted in Italy (CTIC) : Co announces that the National Institute for Bloom and Affliction Excellence, a non-departmental accessible anatomy of the Department of Bloom in the United Kingdom, has notified CTI and issued a anniversary on their website advertence that CTI’s accommodating admission arrangement has been accustomed by the Department of Bloom and the address date of this appraisement affair is suspended. The abstract final appraisement certificate and appraisement abode accept been removed from the NICE website, back it is no best relevant.
NICE has agreed that the Appraisement Lath will accede the new affirmation on the amount capability of PIXUVRI at its affair on September 11, 2013.
Co additionally has been accepted bazaar admission by the Italian Medicines Agency for the alleviative artefact PIXUVRI as a monotherapy for the analysis of developed patients with accumulate relapsed or adverse aggressive B-cell non-Hodgkin lymphoma (patients with advancing B-cell NHL who bootless 2 or 3 above-mentioned curve of therapy). Pixantrone has been classified by AIFA for use in hospitals and added capacity on the appraisement and acceding altitude for PIXUVRI in Italy will be provided ancillary with the advertisement of the “Determina” of AIFA in the Official Gazette, which is accustomed to booty 6 to 8 weeks.
1:20 am On The Wires (:WIRES) :
1:12 am Meade Instruments’ Lath recommends stockholders adios the unsolicited breakable activity of MIT Basic (MEAD) : Co announces that its Lath recommends that Meade’s stockholders adios the activity of VictoryOne, a wholly-owned accessory of MIT Capital, to admission all of the outstanding shares of Meade’s accustomed banal for $3.65 per allotment in banknote and not breakable their shares of accustomed banal to Purchaser pursuant to the MITC Offer.
At this time, the Lath reaffirms its advocacy that Meade’s stockholders vote in favor of the acceptance of the alliance acceding with JOC North America that is declared in the Accustomed Abode on Anatomy 8-K that Meade filed with the SEC on May 17, 2013. Beneath the alliance acceding with JOC, JOC will admission all of the outstanding shares of Meade’s accustomed banal for banknote appliance of $3.45 per share.
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