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Tuesday 26 May 2015
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Thursday’s Active Stocks in the News: CSX Corporation (NYSE:CSX), Texas Instruments Incorporated (NASDAQ:TXN), Monsanto Company (NYSE:MON), Nanosphere, Inc. (NASDAQ:NSPH)

On Thursday, Shares of CSX Corporation (NYSE:CSX), gained 0.79% to $35.55.

CSX’s Romano DeSimone has been awarded the Association of American Railroad (AAR) Holden-Proefrock Award for his noteworthy career achievements and contributions to the safe transportation of hazardous materials by rail.

Over the course of more than 30 combined years with CSX and Conrail, DeSimone developed noteworthy response experience with hazardous materials, counting his tenure as a Field Hazmat responder in New York and his first-response efforts at various rail incidents. He also led CSX’s chemical safety team, where he focused on improving the safe loading and unloading of chemicals at customer sites.

CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers.

Shares of Texas Instruments Incorporated (NASDAQ:TXN), declined -0.23% to $55.50, during its last trading session.

Texas Instruments (TI) Incorporated (TXN) published its ninth annual Corporate Citizenship Report (CCR) online recently, outlining the company’s social and environmental performance for 2014.

“Every day, TIers around the world are doing what’s right, challenging the impossible, and making our communities stronger,” said Rich Templeton, TI Chairman, President and CEO, in the report’s opening letter.

Highlights of TI’s 2014 performance comprise:

  • Delivered development programs to our early career professionals, leaders and practiced engineers that one-third of our overall workforce attended.
  • Assessed the environmental footprint of a TI semiconductor chip, which revealed an annual improvement in energy consumption and operating efficiency of 7 percent or more on average since 2005.
  • Implemented 269 energy- and water-efficiency projects, resulting in annualized savings of $10.3 million.
  • Assessed 157 suppliers, representing 80 percent of TI’s major production spend, on their environmental and social responsibility programs, and found that our supply chain is relatively low risk.
  • Contributed more than 93,000 volunteer hours and almost $32 million in philanthropic and employee giving.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.

At the end of Thursday’s trade, Shares of Monsanto Company (NYSE:MON), gained 1.04% to $120.00.

Monsanto Company, declared the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market.

Since 1999, Scotts Miracle-Gro, through one of its auxiliaries, has served as Monsanto’s exclusive agent for the marketing and distribution of Roundup® non-selective herbicides in the consumer lawn and garden market within the United States and select international markets. This agreement will unlock additional value in the Roundup brand in the lawn and garden segment by providing Scotts with an extended license to use the Roundup brand in new lawn and garden product categories and broaden their marketing rights into new geographies.

Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity.

Finally, Nanosphere, Inc.(NASDAQ:NSPH), ended its last trade with 4.95% gained, and closed at $ 3.82.

Nanosphere, Inc., declared the closing of its formerly declared registered direct offering of $4,400,000 of Series A Convertible Preferred Stock (which are convertible into a total of 1,168,659 shares of common stock at a conversion price of $3.765) and warrants to purchase shares of common stock exercisable for up to 1,168,659 additional shares of common stock, in the aggregate. The warrants have an exercise price of $3.65 per share and are exercisable for 5 years commencing six months from the closing date. The preferred stock is perpetual and does not have a required dividend right or voting rights and has a liquidation preference of $0.01 per share. The preferred stock has a limitation on conversion into common stock to preclude the holder from acquiring beneficial ownership of more than 4.99% of its outstanding common stock, which may be raised to 9.99% in certain circumstances. As part of the fee payable to the placement agent in connection with the offering, Nanosphere also issued to the placement agent and certain of its principals warrants to purchase an aggregate of 70,120 shares of common at an exercise price of $4.45 per share. H.C. Wainwright & Co. acted as the exclusive placement agent in connection with this offering. Terms of the Series A Convertible Preferred Stock and the common stock warrants are described in the Company’s current report on Form 8-K filed with the SEC on May 14, 2015.

Nanosphere, Inc. develops, manufactures, and markets molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment, and improved healthcare economics. It offers a molecular diagnostics platform, Verigene System platform that enables clinicians to identify and treat the bacteria and viruses for complex, costly, and deadly infectious diseases.

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