GAIN Capital Prices Convertible Senior Notes

GAIN Capital Prices Convertible Senior Notes

GAIN Capital Holdings on Thursday said it has priced an offering of $80 million aggregate principal amount of 5.00% convertible senior notes due 2022 in a private placement to qualified institutional buyers.The company also granted the buyers a 30-day option to purchase up to an additional $12 million aggregate principal amount of notes solely to cover over-allotments. Net proceeds will be approximately $77.4 million, or $89.0 million if the option […]

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Meridian Bioscience Initiates Clinical Trials

Meridian Bioscience Initiates Clinical Trials

Meridian Bioscience said Wednesday it initiated clinical trials for an illumigene congenital Cytomegalovirus (CMV) molecular amplification test, after enrolling an international team of global experts in neonatal CMV infections to support the studies. Shares drifted marginally higher intraday. The assay is designed to specifically detect the CMV infection in newborns from saliva, the company said in a statement. Presently, there is no Food and Drugs Administration-cleared test for CMV screening […]

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Innophos Holdings Shares Gain

Innophos Holdings Shares Gain

Innophos Holdings shares were 13% higher Tuesday after the maker of nutritional specialty ingredients reported Q2 adjusted earnings fell to $0.57 per share from $0.63 a year ago. The result exceeded the $0.53 estimate from analysts polled by Capital IQ. Revenue edged down to $179.1 million from $181.9 million but beat the $172.7 million estimate. For Q3, Innophos said it expects Q3 sales to be similar to Q2 but down […]

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Exxon Mobil Discovers Additional Oil in Payara Reservoir

Exxon Mobil Discovers Additional Oil in Payara Reservoir

Exxon Mobil shares were over 1% higher Tuesday morning after the oil major said it discovered additional oil in the Payara reservoir in offshore Guyana, increasing the total oil discovery in the reservoir to approximately 500 million oil-equivalent barrels. The well results also increased the estimated gross recoverable resource on the Stabroek Block to between 2.25 billion and 2.75 billion oil-equivalent barrels. ExxonMobil affiliate Exploration and Production Guyana Limited is […]

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Microsoft Joins Baidu’s Apollo Alliance

Microsoft Joins Baidu’s Apollo Alliance

Microsoft has joined Baidu’s (BIDU) Apollo alliance to assist the Chinese search giant’s development of artificial intelligence-powered vehicles. Microsoft will provide global scale for the Apollo project outside of China with its Azure cloud. The Apollo alliance is an open platform that provides a comprehensive, secure and reliable solution to support all major features and functions of an autonomous vehicle. Baidu has enlisted 50 companies to contribute and accelerate the […]

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