On Monday, PDL BioPharma Inc (NASDAQ:PDLI)‘s shares declined -0.47% to $6.38.
PDL BioPharma, Inc. (PDLI) 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.
Select Comfort Corp. (NASDAQ:SCSS)’s shares dropped -2.00% to $28.40.
Sleep Number, the sleep innovation leader whose mission is to improve lives by individualizing sleep experiences, is assisting make kids’ college dreams come true. In celebration of its new SleepIQ Kids™ bed, which is accessible recently in all Sleep Number® stores and online, the company is launching a contest to give away six college scholarships and six SleepIQ Kids beds.
SleepIQ Kids Scholarship Contest
To assist parents achieve their kids’ dreams, Sleep Number is hosting a contest at all Sleep Number stores, and will award six kids with a college scholarship and a SleepIQ Kids bed – total prize value is $134,000.
Families can visit a Sleep Number store to find their Sleep Number® setting and learn how a better night’s sleep assists kids succeed. Depending on their age, children will either draw a picture or write an essay about why sleep is important to them and how it assists them achieve their dreams.
Select Comfort Corporation, together with its auxiliaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, and retails in beds and bedding accessories, such as mattresses, adjustable bases, pillows, sheets, and other bedding products under the Sleep Number brand name. The company sells its products through retail, direct marketing, and e-commerce channels. As of January 3, 2015, it operated 463 retail stores in the United States.
At the end of Monday’s trade, King Digital Entertainment PLC (NYSE:KING)‘s shares dipped -1.87% to $15.24.
King Digital Entertainment PLC (KING) declared the launch of its first word-based ‘Saga’ game, AlphaBetty Saga. Now accessible to download for free from the AppStore and Google Play, this new game challenges players to take an exciting journey into the world of words, accompanied by an adventurous band of mice.
AlphaBetty Saga sets players off on a bold new quest as Betty, a young mouse living in the 1930s, follows her grandfather, Professor Alpha, and his loyal assistant, Barney, to discover lost words to complete the “Encyclopedia of Everything”. As the world’s authority on collecting words, Professor Alpha will call on players to assist him complete the legendary book.
This vibrant word-based game uses non-linear gameplay to enhance creative word play and planned opportunities for players as they are tasked with connecting adjacent letters to create words, score points and ultimately advance through a world very much like our own except for one small detail – it’s inhabited by mice and much of it is made of cheese!
King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally. The company primarily provides Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Pet Rescue Saga, and Bubble Witch 2 Saga games.
Cummins Inc. (NYSE:CMI), ended its Monday’s trading session with 0.61% gain, and closed at $128.97.
The Board of Directors of Cummins Inc. (CMI) approved an enhance in the Company’s quarterly cash dividend on common stock of 25 percent to 97.5 cents per share from 78 cents per share. The dividend is payable on September 1, 2015, to shareholders of record on August 21, 2015.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation. The Engine segment offers various diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets.
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