On Thursday, Shares of Citigroup Inc. (NYSE:C), gained 0.74% to $57.33.
Investor demand for Depositary Receipts (DRs) remained strong during the first half of 2015, according to the findings of Citi’s Depositary Receipt Services 2015 Midyear Report. Citi’s World ex-U.S. Liquid DR Index, which offers insight into international investor sentiment toward non-U.S. markets, rose 4% in the first six months of 2015. Additionally, DR trading volumes raised 3% in the first half of 2015 to 81.3 billion shares, up from 78.7 billion shares during the same period last year.
Non-U.S. companies raised $4.6 billion in DR form during the first half of 2015, according to Citi’s report. Initial public offerings in DR form represented $1.6 billion – or 36% – of the total, driven by emerging growth companies accessing the U.S. capital markets as a result of the JOBS Act. Follow-on offerings in DR form represented about $3 billion – or 64% – of the total.
“Citi’s Depositary Receipt Services business supported transactions that raised 41% of the total DR capital issued in the first half of 2015, which is a testament to our leading position in the industry,” said Nancy Lissemore, Global Head of Depositary Receipt Services at Citi. “We continue to provide our clients and investors with the highest level of depositary receipt services and remain a provider of choice for issuers.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide.
Shares of Oracle Corporation (NYSE:ORCL), inclined 0.08% to $39.31, during its last trading session.
Oracle Corporation added claims covering newer versions of the Android operating system to its copyright lawsuit first filed five years ago against Google Inc, according to Bloomberg.
Oracle’s supplemental complaint filed in San Francisco federal court extends infringement claims to cover newer Android versions. Oracle contends Google’s Android copies source code from its Java platform. Bloomberg Reports
The case is Oracle America Inc. v. Google Inc., 10-cv-03561, U.S. District Court for the Northern District of California (San Francisco). Bloomberg added.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, in addition to automate their business processes.
Finally, Weyerhaeuser Co. (NYSE:WY), ended its last trade with 0.13% gain, and closed at $30.99.
Weyerhaeuser stated second quarter net earnings to common shareholders of $133 million, or 26 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $90 million, or 17 cents per diluted share, on net sales of $1.7 billion for first quarter 2015, and net earnings of $280 million, or 47 cents per diluted share, on net sales from ongoing operations of $2.0 billion for the second quarter last year.
Not taking into account special items, second quarter net earnings of $133 million compares with net earnings from ongoing operations before special items of $99 million for first quarter 2015, and $234 million for the second quarter last year.
Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada.
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