Following U.S. Stocks are among the “Most Active” Stocks in the course of recent trading session, Tuesday: Verizon Communications Inc (NYSE:VZ), JPMorgan Chase & Co (NYSE:JPM), Black Diamond Inc (NASDAQ:BDE), Macerich Co (NYSE:MAC)
Verizon Communications Inc (NYSE:VZ), with shares dwindled -0.47% is now trading at $49.04. The Stock is active as 7.06M shares changed hands versus its average volume of 16.90M shares.
JPMorgan Chase & Co (NYSE:JPM), with shares dropped -0.84% is now trading at $61.33. The Stock is active as 5.48M shares changed hands versus its average volume of 16.28M shares.
Black Diamond Inc (NASDAQ:BDE) with shares enhanced 31.21% is now trading at $9.24. The Stock is active as 4.01M shares changed hands versus its average volume of 211,081.00 shares.
Macerich Co (NYSE:MAC) with shares dipped -3.17% is now trading at $91.88. The Stock is active as 3.67M shares changed hands versus its average volume of 1.32M shares.
Latest NEWS regarding these Stocks are depicted underneath:
Verizon Communications Inc. (NYSE:VZ)
On Monday, it was released that Verizon Communications Inc. (VZ), Enterprise Solutions’ customers will now have access to a suite of new and significantly enhanced cloud services as Verizon expands its cloud offering in Hong Kong, Melbourne and Singapore. The new services are designed to meet the demand for secure, enterprise-grade cloud capabilities as opportunities for multinational companies in the region grow.
The enhancements offer customers improvements in memory, storage and network uptime, as well as enhanced flexibility and control. Verizon Cloud customers can now request a specific amount of computing, memory and storage capacity, in addition to the existing preset virtual machine configurations. Customers also can benefit from Verizon Secure Cloud Interconnect, which enables secure connections to six leading cloud service providers (Microsoft, Salesforce, Amazon, Google, HP and Verizon), and Verizon Cloud Marketplace, which provides a one-stop shop for software-based cloud resources that are certified to operate in Verizon’s cloud environments.
“It’s not if enterprises are moving to the cloud, but when and how. Cloud has become the default delivery platform for almost all of our customers fueled by the growth of data and the Internet of Things,” said Francis Yip, regional vice president at Verizon Asia-Pacific.
“We continue to invest in our capabilities in the region to support consistent and predictable performance for mission-critical applications, as cloud deployments continue to grow in scale and scope. Our regional and global cloud data centers and global IP network, wrapped by our managed security services, offer companies a unique set of capabilities that is unmatched,” Yip said.
The Verizon “State of the Market: Enterprise Cloud 2014 Report” revealed that 65 percent of enterprises are already using cloud computing, and that 71 percent of enterprises expect to be using cloud for external-facing production applications by 2017.
Verizon Communications Inc. (VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.
JPMorgan Chase & Co. (NYSE:JPM)
Today, JPMorgan Chase & Co. (JPM), declared that it has been working with the U.K. government to develop a new multi-million pound fund to encourage investment into better treatments for dementia, a condition that affects an estimated 47 million people worldwide. The firm is providing financial advice to the government and support through its knowledge and experience of the healthcare industry to assist identify private sector investment. The aim of the Dementia Discovery Fund (the “Fund”) is to create an innovative partnership that will bring together the combined expertise and resources of J.P. Morgan, the U.K. government, national research organizations, and major pharmaceutical companies, counting clients of the firm.
The U.K. government has made it a priority to lead the global fight back against dementia, and committed to identifying new disease modifying treatments by 2025, which was a key commitment of the U.K.’s 2013 G8 summit. The Fund will finance pre-clinical research identified by renowned scientists as having good potential for clinical success.
With the aim of diversifying investment into new exciting areas of research, the Fund intends to improve the likelihood of identifying treatments to slow the progression of the disease and improve the quality of life of dementia patients and their carers. The Fund’s supporters comprise GlaxoSmithKline, Johnson and Johnson, Biogen, Lilly, Pfizer, and Alzheimer’s Research UK.
JPMorgan Chase has a history of working on innovative funding structures like the Fund, which are critical to attracting new capital to the global health industry for new research and development. In 2013, JPMorgan Chase and the Bill & Melinda Gates Foundation structured a new $108 million investment fund to advance late-stage global health technologies, like vaccines, in low-revenue countries. The firm has also worked across a number of sectors to marshal influence funds counting the African Agricultural Capital Fund, Novastar Ventures, and LeapFrog Investments, to pursue positive change for low-revenue and excluded populations.
J.P. Morgan is a global leader in financial services, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries. The Firm and its Foundation give about $200 million annually to nonprofit organizations around the world and lead volunteer service activities for employees in local communities, utilizing its many resources, counting access to capital, strength, global reach and expertise.
Black Diamond, Inc. (NASDAQ:BDE)
On Monday, Black Diamond, Inc. (BDE), stated financial results for the fourth quarter and full year ended December 31, 2014.
Fourth Quarter 2014 Financial Highlights vs. Same Year-Ago Quarter:
- Sales up 10% to $59.4 million (up 13% in constant currency).
- Gross margin raised 160 basis points to 39.0% (up 335 basis points constant currency).
- Adjusted EBITDA raised 37% to $3.4 million.
- Adjusted net revenue from ongoing operations before non-cash items raised 36% to $3.1 million or $0.09 per diluted share.
Fourth Quarter 2014 Financial Results:
Sales in the fourth quarter of 2014 raised 10% to $59.4 million contrast to $54.1 million in the same year-ago quarter. The raise was primarily due to the continued growth of Black Diamond Apparel and an raise in POC’s preseason bookings, in addition to restocking orders for winter seasonal product. Not including the influence of foreign exchange, sales grew by 13%.
Gross margin in the fourth quarter of 2014 was 39.0% contrast to 37.4% in the year-ago quarter. The 160 basis point raise was primarily due to both a favorable mix of higher margin products and higher margin channel mix, partially offset by a 175 basis point influence from foreign exchange.
Selling, general and administrative expenses in the fourth quarter of 2014 raised 8% to $21.9 million contrast to $20.2 million in the year-ago quarter. The raise was driven by investments in planned initiatives such as the transition of certain POC distributors into the Corporation’s in-house operations and the continued roll-out of POC’s new road cycling collection.
Adjusted EBITDA in the fourth quarter of 2014 raised 37% to $3.4 million contrast to $2.5 million in the year-ago quarter.
Net loss from ongoing operations in the fourth quarter of 2014 was $0.9 million or $(0.03) per diluted share, contrast to net revenue from ongoing operations of $0.5 million or $0.02 per diluted share in the year-ago quarter. Net loss from ongoing operations in the fourth quarter of 2014 comprised of $3.1 million of non-cash items and $1.0 million in restructuring costs, contrast to $1.6 million of non-cash items and $0.1 million in merger and integration costs in the year-ago quarter.
Adjusted net revenue from ongoing operations, which excludes these non-cash items, raised 36% to $3.1 million or $0.09 per diluted share in the fourth quarter of 2014, contrast to adjusted net revenue from ongoing operations of $2.3 million or $0.07 per diluted share in the fourth quarter of 2013.
At December 31, 2014, cash and accessible-for-sale marketable securities totaled $40.9 million contrast to $4.5 million at December 31, 2013. Total debt was $22.4 million at December 31, 2014, which comprises $18.5 million of 5% subordinated notes due in 2017 and $3.9 million in a foreign seasonal working capital credit facility for POC, contrast to $38.0 million at December 31, 2013. The decrease in debt was due to the pay down of outstanding amounts under the Corporation’s line of credit and the full pay off of its $9.0 million term note.
Black Diamond, Inc. is a global leader in designing, manufacturing and marketing innovative active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing, cycling and a wide range of other year-round outdoor recreation activities. The Corporation’s principal brands, Black Diamond(R), POC(TM) and PIEPS(TM), are iconic in the active outdoor, ski and cycling industries and linked intrinsically with the modern history of these sports.
The Macerich Company (NYSE:MAC)
Today, Simon Property Group (SPG) responded to the rejection by The Macerich Company (MAC), of Simon’s proposal to attain the outstanding shares of Macerich for $91.00 per share in cash and Simon shares, and Macerich’s decision to classify its Board of Directors without a shareholder vote and adopt a poison pill.
David Simon, Simon’s Chairman and Chief Executive Officer, said, “The Macerich Board has sent shareholders a clear message that it will do everything in its power to block a value-creating transaction and prevent them from having a voice in matters critical to the value of their investment. It is truly disappointing Macerich would not even meet to talk about our proposal and remarkable that its view on value could have changed so drastically just four months after issuing 10.9% of its shares at the $71.00 level.
BofA Merrill Lynch is acting as Simon’s lead financial advisor, with Morgan Stanley & Co. LLC also acting as a financial advisor in connection with this transaction. Latham & Watkins LLP is acting as legal counsel to Simon.
The Macerich Corporation is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in attainment, ownership, development, redevelopment, administration and leasing of regional and community shopping centers located throughout the United States. The Macerich Corporation was founded in 1964 and is headquartered in Santa Monica, California with additional offices in Phoenix, Arizona; Dallas, Texas; Pittsford, New York.
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