On Thursday, Shares of PDL BioPharma Inc (NASDAQ:PDLI), gained 0.67% to $6.05.
PDL BioPharma, declared that it has reached a credit agreement with CareView Communications, Inc. (CRVW) whereby PDL will provide CareView with up to $40 million of secured debt financing. CareView is an information technology provider to the healthcare industry focused on patient care monitoring.
Under the credit agreement, PDL will provide CareView with up to $40 million of debt financing in two tranches of $20 million, based upon the achievement of specified milestones. Each tranche has a five year maturity. PDL will receive interest on the principal amount outstanding and has a security interest in substantially all of CareView’s assets. As part of the transaction, PDL received a warrant to purchase about 4.4 million shares of common stock of CareView at an exercise price of $0.45 per share.
PDL BioPharma, Inc. manages a portfolio of patents and royalty assets in the United States and Europe. The company is involved in the humanization of monoclonal antibodies and the discovery of a new generation of targeted treatments for cancer and immunologic diseases.
Shares of Allstate Corp (NYSE:ALL), inclined 0.75% to $65.41, during its last trading session.
The Confederation of North, Central America and Caribbean Association Football (CONCACAF) declared, that Allstate Insurance Company will be the Official Protector of the Gold Cup trophy as it makes its way to some of the biggest soccer matches across the country. The seven-city Gold Cup Trophy tour planned for this month, gives soccer fans across the United States the chance to interact with the Cup awarded to the winner of the region’s preeminent men’s national team soccer tournament.
Allstate, an official sponsor of the Gold Cup, kicked off the trophy tour recently in Dallas ahead of the opening match at Toyota Stadium, during which defending 2013 champion United States takes on Honduras as part of a double header, also featuring 2013 runner-up Panama as compared to Haiti.
The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names.
At the end of Thursday’s trade, Shares of First Niagara Financial Group Inc. (NASDAQ:FNFG), gained 1.03% to $9.32.
First Niagara Financial Group, ranks No. 4 among customers in a new survey of the largest U.S. banks’ reputations, up from No. 11 last year. The company is also one of only eight with “excellent” scores.
First Niagara’s 2015 ranking was the highest of any New York State-headquartered financial institution in the study for the second year in a row. The company’s top-5 overall reputation score from customers is notable, given that First Niagara is the 27th largest, by assets, among the 32 retail banks evaluated. The independent survey is conducted annually by American Banker and Reputation Institute.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.
Finally, Capital One Financial Corp. (NYSE:COF), ended its last trade with 0.60% gain, and closed at $86.73.
Following a valiant win in the NCAA Men’s College World Series, the University of Virginia’s athletics department claimed this year’s coveted 2014-2015 men’s Capital One Cup; the first time in program history. The Capital One Cup is awarded annually to the best men’s and women’s NCAA Division I college athletics programs for their cumulative on-field performance across multiple men’s and women’s sports. In recognition of this accomplishment, the Virginia men’s sports program will join the women of Stanford University to receive a combined $400,000 toward student-athlete scholarships and be recognized at The ESPYS on July 15.
The Cavaliers kicked off the season by capturing their seventh national title in men’s soccer, propelling them to No. 1 in the fall Capital One Cup standings, alongside North Dakota State and Ohio State. During the winter season Virginia earned points in men’s basketball but slid to No. 2 in the overall standings, just behind Ohio State. In the spring, Virginia’s big championship in men’s tennis, together with their first national baseball championship, powered them to the top position – overcoming Oregon and Ohio State to earn its first-ever Capital One Cup trophy with a total of 149 points.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
