On Wednesday, in the course of current trade, Shares of Newmont Mining Corp (NYSE:NEM), dropped -1.53%, and is now trading at $21.81.
Building on an eleven-year partnership, Project C.U.R.E. and Newmont Mining Corporation, declared a three-year agreement to deliver at least $8 million in medical supplies – in addition to life-saving training for health care providers – to developing countries, counting Ghana, Indonesia, Peru and Suriname.
The agreement calls for Newmont to contribute $200,000 a year for the next three years toward Project C.U.R.E.’s innovative health care efforts.1 The two organizations will also exchange health care knowledge, experience and contacts in the countries where both operate. Newmont employees will continue to volunteer to assist Project C.U.R.E. gather and pack medical supplies, and those traveling to targeted countries will also have the option to bring a 50-pound C.U.R.E. kit for donation to a local health facility.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
During an Afternoon trade, Shares of Credit Suisse Group AG (ADR) (NYSE:CS), dipped -0.95%, and is now trading at $29.20.
On June 15, 2015, the Credit Suisse NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver FLOWS 106 Index concluded the notional sale of options on GLD shares and SLV shares with July expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on July 13, 2015, subject to adjustment in the event of any market disruption events.
Assuming no redemption or acceleration of the ETNs and that the notional cash distribution is withdrawn from the Indices on July 13, 2015, we expect to declare a coupon of $0.0764 per ETN on the GLDI ETNs and a coupon of $0.0713 per ETN on the SLVO ETNs for payment on or around July 27, 2015, payable to the holder of record on July 22, 2015. The predictable coupon payment may be subject to change upon the occurrence of a disruption event or other unforeseen circumstances.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
Finally, Cowen Group Inc (NASDAQ:COWN) , lost -0.47% Wednesday.
Cowen Group, and Concept Capital Markets, declared the signing of a definitive agreement under which Cowen will acquire Concept Capital, a leading independent provider of prime brokerage services. While financial terms of the deal were not revealed, Cowen Group anticipates the acquisition to be accretive to earnings in 2015. The transaction was approved by the board of directors of both companies.
“Concept Capital’s strong presence among emerging hedge fund clients complements Cowen’s focus on providing best-in-class products and services to institutional clients,” said Peter A. Cohen, Chairman and CEO of Cowen Group. “Given the changing prime broker landscape, many investment managers are looking for alternative prime solutions and there are a limited number of organizations offering a similar kind of value proposition as Concept Capital on Cowen’s platform. Combining Concept Capital with Cowen’s business will allow us to better service these funds by providing focused prime broker services, supported by non-conflicted trade execution and world-class equity research.”
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients.
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