On Monday, Bank of America Corp (NYSE:BAC)’s shares inclined 0.48% to $16.81.
Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2015. Similar changes will propagate across the MLCX sub-indices.
Cotton will be removed from MLCX at the December 31 rebalancing, as it does not meet the quantitative criteria for selection and an exception is no longer deemed by the Index Committee to be appropriate. Of the contracts that remain in the index, Brent Crude Oil will decrease the most vs. last year’s target weight (-0.80 percent), and Live Cattle will enhance the most (+1.09 percent).
MLCX is designed to provide a liquid, compriseent, representative and cost-efficient benchmark for measuring commodity market performance. The index has representation in six key market sectors: Energy, Base Metals, Precious Metals, Grains & Oil Seeds, Livestock, and Soft Commodities & Others.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments. Its Consumer and Business Banking segment offers a range of deposits and consumer lending services.
Nokia Corporation (ADR) (NYSE:NOK)’s shares gained 0.72% to $6.95.
In order to comply with U.S. regulations, Nokia is required to remind holders of Alcatel-Lucent securities that it has the option, on the date of the declaration of the final results of the exchange offer and in its sole discretion, subject to the terms and conditions of the public exchange offer, to waive the minimum tender condition of the exchange offer to 50% of the Alcatel-Lucent share capital and voting rights (taking into account Alcatel-Lucent convertible bonds tendered into the exchange offer). The minimum tender condition is set at more than 50% of the Alcatel-Lucent shares on a fully diluted basis. Holders of Alcatel-Lucent securities are advised that they have the right to withdraw tendered Alcatel-Lucent securities right away, if their willingness to tender would be affected by the option to exercise the waiver. Withdrawal rights of the holders of Alcatel Lucent ordinary shares and convertible bonds will terminate at the expiration date of the exchange offer (presently, 11:00AM New York time (5:00PM Paris time) on December 23, 2015) and withdrawal rights of the holders of Alcatel Lucent American depositary shares will terminate at the ADS tender deadline (presently, 5:00PM New York time on December 22, 2015).
This declaration does not constitute a reduction or waiver of the minimum tender condition at this time; nor does it indicate an intention by Nokia to exercise its option to waive the minimum tender condition in the future; nor does it indicate current acceptance levels of the exchange offer.
Nokia remains fully committed to its projected combination with Alcatel-Lucent which is predictable to create a global leader in next generation technology and services for an IP connected world. Nokia firmly believes that the projected transaction is in the best interests of both Alcatel-Lucent and Nokia shareholders.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
At the end of Monday’s trade, Whiting Petroleum Corp (NYSE:WLL)‘s shares dipped -3.19% to $10.92.
Whiting Petroleum Corporation declared it elected to redeem all of the outstanding $798 million aggregate principal amount of 8.125% Senior Notes Due 2019 of Kodiak Oil & Gas Corp. (now known as Whiting Canadian Holding Company ULC) on December 24, 2015. The redemption price will equal 104.063% of the aggregate principal amount of the notes, plus accrued and unpaid interest, if any, to such date. Whiting intends to fund the redemption of the notes with borrowings under its $3.5 billion credit agreement, under which there were no borrowings as of September 30, 2015.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.