4:41 pm Theravance calls for redemption of $172.5 mln of 3% Convertible Subordinated Notes due 2015 (): Co announced that it has called for redemption all of its outstanding 3% Convertible Subordinated Notes due 2015, pursuant to the provisional 'soft call' redemption right in the indenture governing the 2015 Notes. Any 2015 Notes outstanding on July 5, 2013 will be redeemed in cash for 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date. The 2015 Notes are convertible at any time prior to 5:00 p.m. Eastern time on July 3, 2013 into shares of Theravance's common stock at a conversion rate of 38.6548 shares per $1,000 principal amount (equivalent to a conversion price of approximately $25.87).
On June 3, 2013, the closing price for Theravance's common stock was $35.49. 4:40 pm Air Lease announces the placement of two new ATR 72-600s with Golden Myanmar Airlines (): 4:32 pm Territorial Bancorp adopts fourth repurchase program of 532k shares (): Co announces that its Board of Directors has adopted a fourth stock repurchase program. Under this repurchase program, the Company may repurchase up to 532,000 shares of its common stock, or approximately 5% of the current outstanding shares. 4:31 pm AVEO Pharma announces strategic restructuring; does not expect tivozanib to receive FDA approval; to hold conference call at 8:30 a.m. ET on Wednesday, June 5 (): Co announced a strategic restructuring that will refocus the company's efforts and resources on the ongoing clinical development of tivozanib in colorectal and breast cancer, as well as advancing key pipeline and preclinical assets. This restructuring is expected to extend the company's cash runway for at least two years, which is beyond anticipated data read-outs from ongoing trials of tivozanib and AV-203. The AVEO management team will host a conference call at 8:30 a.m.
ET on Wednesday, June 5 to discuss the restructuring and strategic direction of the company in more detail. 'As a result of the recent ODAC meeting, we believe that it is likely that tivozanib will not receive FDA approval for renal cell carcinoma or RCC,' said William J. Slichenmyer, M.D., chief medical officer of AVEO.
'With the decision of our partner, Astellas, not to proceed with a European filing for tivozanib or financially support future clinical trials in RCC, AVEO has no plans at this time to pursue tivozanib development in RCC. We deeply regret the impact that this decision may have on the RCC community and wish to express our sincere gratitude to the patients and their families, investigators and nurses who have participated in our trials and supported the development of tivozanib in RCC.
Apache Reference Manual. Search the master manual pages for key words. Compiling and Installing Apache Starting Apache Stopping or Restarting Apache Apache run-time configuration directives Apache modules Apache's handler use Special purpose environment variables Highly generalized API to server.
Tivozanib will continue to be available to those patients who remain on therapy.' 'The company intends to focus its R&D efforts on areas in oncology where the unique insights derived from AVEO's proprietary Human Response Platform will allow the development of targeted agents with the potential to provide substantial clinical benefit for specific biomarker-defined patient populations that could enable a clear regulatory pathway to approval,' said Tuan Ha-Ngoc, president and chief executive officer of AVEO. Development update: AVEO and Astellas are continuing the BATON Phase 2 clinical trials of tivozanib in breast and colorectal cancer. AVEO intends to continue the development of AV-203, our clinical-stage ERBB3 (HER3) inhibitory antibody candidate, currently in Phase 1 with expansion cohorts in specific biomarker-defined patient populations. As previously announced, the company intends to focus its efforts on further ficlatuzumab development through external collaborations at this time. Ficlatuzumab is a potent hepatocyte growth factor (:HGF) inhibitory antibody that blocks the HGF/c-Met pathway by binding to the HGF ligand with high affinity and specificity.
Restructuring and Reogranization: AVEO's strategic restructuring will eliminate approximately 140 positions, or 62% of AVEO's workforce, across the company. Separately, Elan Ezickson, executive vice president and chief operating officer of AVEO, has informed the company that after a transition period, he will resign effective July 31, 2013 to pursue new opportunities. Updated Financial Guidance: AVEO ended the first quarter of 2013 with $192 million in cash, cash equivalents and marketable securities and estimates year-end cash of approximately $115 million. Based on its revised operating plans, AVEO expects to realize cost reductions of approximately $190 million over the next two years compared with prior projections, inclusive of personnel-related restructuring charges of approximately $7.5 to $8.5 million. With this restructuring, AVEO expects that its current cash and marketable securities are sufficient to fund operations for at least two years.
4:31 pm Marketaxess announces monthly volume statistics for May 2013 (): Co announced total monthly trading volume for May 2013 of $62.5 billion, consisting of $39.0 billion in U.S. High-grade volume, $15.8 billion in other credit volume, and $7.7 billion in liquid products volume. This data can be accessed on MarketAxess' website at www.marketaxess.com. 4:18 pm Mitcham Ind misses by $0.01, misses on revs (): Reports Q1 (Apr) earnings of $0.48 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.49; revenues fell 21.1% year/year to $27.3 mln vs the $29.91 mln consensus.
4:16 pm Exa beats by $0.02, beats on revs; guides Q2 revs in-line; reaffirms FY14 revs guidance (): Reports Q1 (Apr) adj. Loss of $0.02 per share, $0.02 better than the Capital IQ Consensus Estimate of ($0.04); revenues rose 10.6% year/year to $12.5 mln vs the $12.17 mln consensus. License revenue was $10.7 million for the first quarter of fiscal 2014, compared to $10.0 million in the comparable period in fiscal 2013. Project revenue was $1.8 million for the first quarter of fiscal 2014, compared to $1.3 million in the comparable period in fiscal 2013. Co issues in-line guidance for Q2, sees Q2 revs of $12.5-13.5 mln vs. $13.21 mln Capital IQ Consensus Estimate. Non-GAAP net loss is expected to be in the range of ($0.7) million to ($0.4) million.
Co reaffirms guidance for FY14, sees FY14 revs of $55-58 mln vs. $55.68 mln Capital IQ Consensus Estimate. Non-GAAP net income is expected to be in the range of $0.7 million to $1.5 million. 'Revenue in the first quarter was at the high end of our guidance, increasing 11%, or 14% on a constant currency basis, from a year ago. With the return of customer spending materializing, we are beginning to see the results of investments that we made over the last several quarters in our field organization. We are particularly encouraged by the strong growth of 40% we saw in project revenue, which we regard as a leading indicator to future licensing activity.
While certain vertical markets and geographies continue to face economic challenges, overall we have seen an improvement in product development activity among our customer base. With simulation solutions that can replace the need for costly prototypes, we remain confident in our ability to see sequential improvements in year-over-year top line growth as we progress through the remainder of fiscal 2014.'
4:15 pm OCZ Tech announces settlement of shareholder derivative litigation (): Co announces that it has reached a settlement in principle of federal shareholder derivative litigation filed in connection with the Company's previously announced financial restatement. The settlement is subject to negotiation of final documentation. It is also subject to court approval. The settlement will be funded by the Company's D&O liability insurance and will not require any payments by the Company. This settlement does not resolve separate consolidated shareholder class actions pending in connection with the restatement.
4:13 pm Saba Software: NASDAQ announced it will delist the common stock of Saba Software and Wireless Ronin Technologies () (): NASDAQ announced that it will delist the common stock of Saba Software. Saba Software's stock was suspended on April 09, 2013 and has not traded on NASDAQ since that time. Also, NASDAQ announced that it will delist the common stock of Wireless Ronin Technologies ( RNIN). Wireless Ronin Technologies' stock was suspended on May 31, 2013 and has not traded on NASDAQ since that time. 4:08 pm Bazaarvoice beats by $0.01, beats on revs (): Reports Q4 (Apr) loss of $0.12 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of ($0.13); revenues rose 37.9% year/year to $43.3 mln vs the $42.44 mln consensus. 4:07 pm Fidelity Southern announces $60 mln secondary offering of common stock (): The co intends to use the net proceeds from this offering, together with its cash on hand as necessary, to: (i) redeem the $48.2 mln in shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, originally issued to the U.S.
Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program; and (ii) redeem the two series of its fixed rate trust preferred securities with an aggregate outstanding principal amount of $20.5 mln, plus an estimated $410 thousand of after-tax redemption premiums. The co intends to use any remaining net proceeds for general corporate purposes. Keefe, Bruyette & Woods, a Stifel company, and Robert W. Are the joint book-running managers in the offering. FIG Partners is acting as co-manager for the offering.
4:07 pm Ambarella beats by $0.08, beats on revs (): Reports Q1 (Apr) earnings of $0.21 per share, $0.08 better than the Capital IQ Consensus Estimate of $0.13; revenues rose 30.9% year/year to $33. How To Download And Install Directx 9 For Windows 7. 9 mln vs the $31.89 mln consensus. Gross margin on a non-GAAP basis for the first quarter of fiscal 2014 was 64.0%, compared with 71.1% for the same period in fiscal 2013. Co states, 'During the quarter, we made excellent progress in the IP security camera market with new design wins at both professional and consumer IP-camera customers.
We also saw especially strong revenue growth in the wearable sports camera category, led by market leader GoPro. In the automotive camera after-market, we continued to grow revenue while successfully expanding our customer base.'
4:06 pm Atwood Oceanics announces contract for the Atwood Condor (): Co announced today that one of its subsidiaries has been awarded a drilling services contract by Shell Offshore Inc. For the dynamically positioned, ultra-deepwater semisubmersible rig, the Atwood Condor. The contract has a term of 39 months from the date the rig is assigned from Hess Corporation, which is expected to occur in late August 2013. The drilling program will be performed in the U.S. Gulf of Mexico at a dayrate of approximately $555,000. This contract will supersede the remainder of the existing contract with Hess Corporation. With the award of this contract, the firm contractual commitment for the Atwood Condor is expected to extend to November 2016.
This contract adds approximately $502 million in revenue backlog. 4:06 pm Sovran Self Storage Announces Financing of $500 Million in Unsecured Term Notes and Credit Facility; Raises Guidance (): Co announces details of financing arrangements totaling $500 mln of senior, unsecured debt. As part of the new arrangement, the bank lending syndicate has committed $100 mln for a delayed draw note to provide funding for the co's repayment of term notes maturing in Sep 2013. The new financing is for seven years and is to be unsecured.
Co is increasing its projection of FFO for FY13 to $3.59-3.63 per share vs consensus of $3.56. Most of the benefit of the refinancing will impact Q4. 4:05 pm Mattress Firm beats by $0.02, reports revs in-line; guides FY14 EPS in-line, revs above consensus (): Reports Q1 (Apr) earnings of $0.38 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.36; revenues rose 31.6% year/year to $276 mln vs the $274.39 mln consensus. Co issues in-line EPS guidance for FY14, sees EPS of $1.90-1.98, excluding non-recurring items, vs. $1.95 Capital IQ Consensus Estimate; sees FY14 revs slightly above consensus, sees revs of $1.24-1.25 bln vs. $1.23 bln Capital IQ Consensus Estimate. 4:04 pm NCI Building Systems misses by $0.08, reports revs in-line (): Reports Q2 (Apr) loss of $0.28 per share, $0.08 worse than the Capital IQ Consensus Estimate of ($0.20); revenues rose 17.3% year/year to $293.4 mln vs the $293.13 mln consensus. 'Our performance improved throughout the fiscal second quarter, concluding with a profitable April.
At the end of the period, the Buildings group had improved its backlog year-over-year by 10% in volume and 6% in value. Tiger Woods Pga Tour 2012 Pc Keygens. The more recent additions to backlog in the period reflected an increased level of design/build projects with improved pricing. The Components group delivered significant growth in Commercial/Industrial sector sales for insulated metal panels. In addition, sales of core roofing and sidewall products to NCI's largest OEM customers showed meaningful quarterly growth for the first time since 2009. In the Coatings group, the Middletown, Ohio light gauge paint line continued to increase production and is on pace to contribute positively to profitability in the fiscal fourth quarter of 2013.' 4:02 pm Triangle Capital names Ashton Poole as President and Chief Operating Officer (): Co announced that E.
Ashton Poole will join the Company as President and COO and as a member of the Company's Board of Directors, effective July 22, 2013. Poole, a Raleigh native, brings more than two decades of strategy consulting, investment banking, and management experience to Triangle. For the past nineteen years Mr.
Poole has worked at Morgan Stanley, where he was based in New York and served as a Managing Director in both the Power & Utility and Diversified Industrial Groups. 4:02 pm KCAP Financial announces pricing of a $465 mln CLO fund to be managed by Trimaran Advisors, LLC (): Co announced that its wholly owned portfolio company, Trimaran Advisors, L.L.C., has priced Catamaran CLO 2013-1 Ltd., a $465 million Collateralized Loan Obligation ('CLO') fund. Trimaran will serve as the investment manager for the CLO and KCAP Financial will invest approximately $9.5 million in the subordinated notes issued by the fund. This is the second CLO fund Trimaran has brought to the market since its acquisition by KCAP Financial in February of 2012. 4:02 pm Shuffle Master beats by $0.01, beats on revs (): Reports Q2 (Apr) earnings of $0.21 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.20; revenues rose 17.1% year/year to $77.4 mln vs the $71.77 mln consensus. The Utility, Electronic Gaming Machine, and Proprietary Table Games businesses all saw double-digit growth over the same period last year.
Recurring revenue grew 8% year-over-year to $31.2 million. A $1.2 million increase in PTG recurring revenue accounted for over half of recurring revenue growth.
'We are confident that keeping our IP-rich businesses well-capitalized has been, and will continue to be, our most important use of cash. However, given our balance sheet's current strong position, we will continue to look at the best way to manage a balance between investing in our business and capital allocation for potential M&A, stock repurchases, and dividends.' 4:01 pm Wilshire Bancorp reinstates quarterly cash dividend at $0.03 per share (): All stockholders of record as of June 30, 2013 will be paid a cash dividend of $0.03 per common share, payable on July 15, 2013.
3:57 pm Abbott Labs: Two real-world European studies of Abbott's minimally invasive MitraClip device demonstrate positive outcomes for patients with mitral regurgitation (): Co announced publication of positive outcomes from two European post-approval studies of the first-in-class catheter-based MitraClip therapy for the treatment of mitral regurgitation (). Results from ACCESS-EU, a European prospective study that enrolled 567 patients at 14 sites, have been published in the Journal of the American College of Cardiology. In addition, findings of the investigator-sponsored German TRAnscatheter Mitral Valve Interventions (:TRAMI) registry, which enrolled 1,064 patients at 20 German sites, were recently published in EuroIntervention. Data from ACCESS-EU demonstrated that in real-world, post-approval experience in Europe, patients undergoing the MitraClip therapy are predominantly high surgical risk, elderly patients who are mainly affected by functional MR, a type of MR in which a damaged heart impairs the performance of a normal mitral valve. ACCESS-EU showed that in this patient population, the MitraClip procedure demonstrated low rates of hospital mortality and adverse events and provided significant improvements in day-to-day quality of life at one year following treatment. 3:57 pm Clearwire: DISH refutes Sprint () claims regarding DISH's tender offer for Clearwire Shares (): DISH Network () refuted Sprint () claims that DISH's tender offer for Clearwire Corporation shares runs afoul of Delaware law and the Clearwire Equityholders' Agreement.
In a letter addressed to Clearwire Chairman John Stanton, DISH Chairman Charlie Ergen said: 'In light of recent public statements made by Sprint about the DISH proposal that we believe are incorrect and misleading to Clearwire stockholders in several material respects, it is important that we correct the record regarding the DISH proposal.' Ergen concluded the note stating: 'We remain confident that the DISH proposal is both actionable and clearly superior to the proposed Sprint merger.
More importantly, it also provides a meaningful alternative to the significant group of your minority stockholders that remain opposed to the Sprint merger while providing a clear path for Clearwire to become a self-sustaining company.' 3:46 pm Chesapeake Utilities completes acquisition of opearting assets of Eastern Shore Gas; expected to be earnings accretive in the first full year of operations (): Co announced that it has completed the acquisition of the operating assets of Eastern Shore Gas Company ('ESG') and its affiliate, Eastern Shore Propane Company ('ESP'), which are located in Worcester County, Maryland. Chesapeake's wholly-owned subsidiaries, Sandpiper Energy, Inc. And Sharpgas, Inc., acquired and will operate the ESG and ESP assets, respectively. The transaction was consummated on May 31, 2013. Management expects the transaction to be earnings accretive in the first full year of operations. 3:43 pm Omega Protein reaches agreement to resolve previously disclosed Coast Guard and EPA investigation; to pay $5.5 mln fine (): Co announced that its subsidiary, Omega Protein, Inc., has reached an agreement with the United States Attorney's Office for the Eastern District of Virginia that resolves a pending U.S.
Coast Guard and Environmental Protection Agency ('EPA') investigation related to its Reedville, Virginia fishing vessels and operations. As previously disclosed, in April 2010, the Company received a request for information from the EPA concerning its subsidiary's bail wastewater practices used in fishing operations at its Reedville facility. Also as previously disclosed, in February 2011, the U.S. Coast Guard conducted inspections at the Reedville facility regarding the Reedville vessels' bilge water discharge practices.
Omega Protein's subsidiary's agreement with the U.S. Attorney's Office resolves both issues.
Pursuant to terms of the agreement, Omega Protein's subsidiary has pleaded guilty to two Clean Water Act violations. The plea agreement requires Omega Protein's subsidiary to pay a $5.5 million fine, be placed on a three year term of probation, and implement an environmental compliance program. In addition to the $5.5 million fine, the subsidiary will be required to make a $2 million payment to the National Fish and Wildlife Foundation to fund projects in Virginia related to the protection of the environmental health of the Chesapeake Bay. The plea agreement has been approved by the U.S.
District Court for the Eastern District of Virginia. Motley Fool Social Security is a crucial component of most Americans' retirement planning. Using tools like IRAs, 401(k) plans, and other tax-favored accounts is essential to put yourself in the best position to retire comfortably, but Social Security will still make a significant contribution toward your financial security in your golden years. Here you'll find a simple analysis of what those who make $100,000 can expect from Social Security and how to account for it in your broader financial plan.
Bloomberg The biggest cryptocurrencies resumed their decline on Sunday, failing to reverse a selloff that began when bitcoin’s unprecedented rally fell short of breaking above $20,000. The drop among the 10 largest digital coins, ranging as much as 17 percent for iota, brings more end-of-year weakness to a market that just had its worst four-day tumble since 2015. “The West is what’s causing this selloff,” said Mati Greenspan, senior market analyst at Tel Aviv-based online broker eToro, pointing to increased trading in dollars and less in yen. Motley Fool Credit card debt is at an all-time high in the country, and with medical care, housing, and food costs jumping significantly over the past decade, countless Americans have had no choice but to charge these expenses.
The fact that the typical household with credit card debt carries a $15,654 balance speaks to two distinct yet equally glaring problems: a lack of adequate emergency savings, and a lack of self-control. Let's harp on the former for a bit, because it really helps explain why so many adults wind up deep in their respective credit card holes. FX Empire Bitcoin has soared by 1372.40% this year and is attracting even more attention. One cannot predict what will exactly happen to bitcoin, though, as it is not backed by anything and does not have enough historical data, so tech analysis may work in some cases and may not in others.
The latest collapse that sent Bitcoin from the high at $19,891.99 all the way to $10,718, questions the long-term BTC rally and all this hype around it. The debate over the ‘true’ bitcoin is becoming hotter, with a lot of advocates of the more technologically advanced Bitcoin Cash.
Apache’s Products Support SoC Substrate Noise Analysis and SiP Power and Thermal Sign-off for TSMC Advanced Processes Apache Design Solutions, the technology leader in power and noise integrity for chip, package, and system convergence, today announced that TSMC Reference Flow 10.0 includes Apache’s RedHawk System-on-Chip (SoC) dynamic power, Totem analog/mixed-signal power and noise integrity, and Sentinel chip-package-system co-design solutions. Apache’s products were qualified for power and thermal analysis of System-in-Package (SiP) and stacked-die designs with Through Silicon Via (TSV). Also included is substrate noise analysis for SoC and mixed-signal designs. Specifically, Reference Flow 10.0 includes Apache’s advanced solutions: • RedHawk-NX, Chip Power Model (CPM), and PakSi-E for multi-die/SiP power analysis • Sentinel-TI, Chip Thermal Model (CTM) for die-package thermal co-analysis • Totem-SE for substrate modeling and full-chip noise coupling analysis The demands for higher performance and lower system cost are driving the need for advanced packaging technologies such as SiP / 3DIC which require concurrent analysis of multiple die and package. RedHawk-NX has been architected to handle multi-die simulation via CPM model creation and utilization. PakSi-E provides fast and accurate RLCK model of the package for SiP simulation. User can analyze and optimize the global power delivery network with consideration of the die-to-die power coupling noise.
For 45nm process node and below, managing the interaction of chip power and package heat dissipation becomes a critical challenge for system thermal integrity. Specifically, temperature dependent leakage becomes an important component of total chip power.
Sentinel-TI with RedHawk generated CTM provides chip-package thermal co-analysis. Users can analyze thermal profile of multiple die and package to ensure the thermal integrity of system. With increasing integration of digital, analog, and RF contents in SoC, substrate coupling noise between digital logic and precision analog components becomes an important design constraint. Totem-SE provides accurate multi-layer substrate network extraction and full-chip concurrent simulation of digital and analog power/ground/bulk networks. User can analyze the impact of power and substrate noise coupling to help assess the effectiveness of various guard ring structures. “TSMC and Apache have been collaborating for over six years to meet the deep sub-micron design challenges of mutual customers,” said Tom Quan, deputy director of Design Service Marketing at TSMC. “In Reference Flow 10.0, Apache provides emerging solutions for managing power, thermal, and substrate integrity for SiP/multi-die, SoC, and mixed-signal designs.” “Our collaboration with TSMC enables us to define practical methodology for emerging power and noise issues,” said Dian Yang, senior vice president of product management at Apache.
“This foundry relationship is important for us to deliver a timely solution to help customers meet their latest design challenges such as the upcoming SiP technology.” About Apache Design Solutions Apache delivers the industry’s leading global power and noise analyses platform solutions for Chip-Package-System convergence. Apache's innovative platforms address the unique power and noise challenges associated with specific design domains such as SoC (digital), analog and custom IP, and System (IC package, SiP, PCB), while providing a co-analysis environment that integrates the SoC and System worlds. From early-stage to sign-off, Apache’s products are adopted by over 100 customers including 90% of the top IDM, fabless semiconductor, and foundries for cost reduction, risk mitigation, and time-to-market improvements.
Apache is a global company with over 150 employees and R&D centers and direct sales / support offices worldwide. For more information, visit www.apache-da.com.
Apache Design Solutions, CPM, NSPICE, RedHawk, PakSI-E, PsiWinder, Sahara, Sentinel, Totem, and Vectorless Dynamic are trademarks of Apache Design Solutions, Inc. Contacts: Apache Design Solutions Yukari Ohno, 408-457-2000 yukari@apache-da.com or Public Relations for Apache Cayenne Communication Michelle Clancy, 252-940-0981 michelle.clancy@cayennecom.com.