On Tuesday, Shares of AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO), gained 3.95% to $2.37.
AVEO Pharmaceuticals, declared that Michael P. Bailey, president and chief executive officer, will present at the Jefferies 2015 Global Healthcare Conference on Thursday, June 4, 2015 at 8:00 AM (ET) in New York City.
AVEO Pharmaceuticals, Inc., a biopharmaceutical company, develops targeted therapies for patients with cancer and related diseases. Its product candidates under development comprise Tivozanib, an tyrosine kinase inhibitor for various vascular endothelial growth factors; Ficlatuzumab, a hepatocyte growth factor inhibitory antibody, which has accomplished Phase II trial; and AV-203, an anti-ErbB3 monoclonal antibody that has accomplished a Phase I dose escalation study.
Shares of The Bank of New York Mellon Corporation (NYSE:BK), declined -0.05% to $42.90, during its last trading session.
BNY Mellon, has published a new white paper examining Big Data’s credentials and its potential as a transformative tool in the current era of shrinking margins and ever-more sophisticated and powerful analytical tools.
The new paper — Big Data and Investment Administration — highlights how custodians, depositary banks and administrators are positioned at the forefront of product development around Big Data solutions that address the complex and commercially critical issues of how to enhance both sales performance and client satisfaction.
The paper also examines how investment managers can utilize Big Data to bring together separate elements — dark pools of data, predictive analysis, behavioural finance — to allow the investment industry to enhance product design, drive sales and improve investor outcomes.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
At the end of Tuesday’s trade, Shares of Oasis Petroleum Inc. (NYSE:OAS), gained 2.26% to $17.17, as oil prices rose to the highest level of the year Tuesday on a weaker dollar and expectations of a fifth straight weekly decline in U.S. crude supplies.
Crude oil for July delivery settled $1.06 higher at $61.26 per barrel while July natural gas futures rose 5 cents to finish at $2.70 per 1 million BTU.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, EarthLink Holdings Corp. (NASDAQ:ELNK), ended its last trade with 1.29% surge, and closed at $7.07, hitting its highest level.
EarthLink Holdings, declared that it has delivered a notice of redemption for $70,000,000 aggregate principal amount of its outstanding 8 7/8% Senior Notes due 2019 (CUSIP No. U2678F AA8) (the “Notes”). The redemption will occur on June 15, 2015 and holders of the Notes to be redeemed will receive a redemption price equal to 104.438% of the principal amount of such Notes, plus accrued and unpaid interest to, but not taking into account, the redemption date. To facilitate the redemption, EarthLink intends to use about $20 million of cash and draw down about $55 million under its senior secured revolving credit facility, leaving about $80 million of liquidity accessible in the $135 million credit facility. These new borrowings under the credit facility will have an interest rate of LIBOR plus 3.50%, which is lower than the interest rate for the Notes. At current LIBOR rates, EarthLink’s annualized debt service costs following these actions are predictable to be more than $6 million lower than they were at the starting of 2015. EarthLink anticipates to record a loss on extinguishment of debt of about $5.6 million in its second quarter financial results in connection with the redemption comprising of the premium paid for the redemption and a non-cash charge for the write-off of unamortized discount on debt and debt issuance costs. Deutsche Bank Trust Company Americas, the trustee under the indenture governing the Notes, is sending a notice of redemption to all presently registered holders of the Notes.
EarthLink Holdings Corp., together with its auxiliaries, provides managed network, security, and cloud services to business and residential customers in the United States. The company operates in two segments, Business Services and Consumer Services.
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