On Tuesday, Lazard Ltd (NYSE:LAZ)’s shares inclined 1.79% to $46.54.
Lazard Ltd (LAZ) has authorized the Fund to declare recently, following a level distribution policy, a monthly distribution of $0.09282 per share on the Fund’s outstanding common stock. The distribution is payable on July 23, 2015 to shareholders of record on July 13, 2015. The ex-dividend date is July 9, 2015.
Lazard Ltd, together with its auxiliaries, operates as a financial advisory and asset administration firm. Its Financial Advisory segment offers various financial advisory services on mergers and acquisitions, and other planned matters, in addition to on restructurings, capital structure, capital raising, and other financial matters.
Hospitality Properties Trust (NYSE:HPT)’s shares dropped -2.85% to $24.84.
Hospitality Properties Trust (HPT) technology leader in the digital incentives, couponing and payment space, declared that on June 5th, 2015, the Autorité des Marchés Financiers issued a partial revocation of the cease trade order issued on May 19th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 (the “Year End Filings”) by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102). The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000. The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31st 2016 after which they shall expire. The distribution will only take place in Quebec.
The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015 (the “Interim Filings”), to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company’s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada.
At the end of Tuesday’s trade, Net Element International Inc (NASDAQ:NETE)‘s shares surged 21.23% to $0.243.
Net Element ( NETE) declared the release by PayOnline of a new mobile payments solution for iOS (iPhone or iPad) mobile apps.
Net Element presently manages, operates and is in the process of integrating the PayOnline group of companies pending closing of Net Element’s acquisition of the company.
The new software developer kit (SDK) enables integration of PayOnline transaction processing into iPad and iPhone apps.
Ural Airlines, Russia’s sixth largest airline, is one of the first PayOnline clients to accept payments using an iOS app.
PayOnline estimates 19% of its online payments processed during the first quarter were via mobile — an enhance of 157% year-over-year, with 59% of those being iOS (iPhone, iPad).
Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its partner, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, counting point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, in addition to processes other cashless transactions, counting checks and direct debits.
Ericsson (ADR) (NASDAQ:ERIC), ended its Tuesday’s trading session with -0.74% loss, and closed at $9.43.
Ericsson (ERIC) is extending its long-term partnership with SoftBank Corp., one of Japan`s leading mobile operators, by adding joint field trials of 5G technology in Tokyo. The two companies will cooperate in developing a common understanding of 5G use cases and deployment scenarios, and will evaluate the performance of potential 5G key technology components in joint field trials in addition to to collaborate on 5G research projects.
The joint field trial will demonstrate ultra-high bit rates and ultra-low latency with the Ericsson 5G trial system by using a number of frequency bands.
5G will evolve the entire future communication eco-system, from devices to mobile access, IP core and into the cloud. Ericsson`s latest 5G test network initiatives focus on the interactions between mobile devices and the radio access network, in both indoor and outdoor scenarios.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks.
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