On Wednesday, Shares of Johnson & Johnson (NYSE:JNJ), gained 0.76% to $103.49.
Johnson & Johnson (JNJ) will host a conference call for investors at 8:30 a.m. (Eastern Time) on Tuesday, Jan. 26th, to review fourth-quarter results. Alex Gorsky, Chairman and Chief Executive Officer; Dominic Caruso, Vice President, Finance and Chief Financial Officer and Louise Mehrotra, Vice President, Investor Relations, will host the call.
Johnson & Johnson, together with its auxiliaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices.
Shares of Rice Energy Inc (NYSE:RICE), inclined 8.08% to $9.90, during its last trading session.
Rice Energy, stated that on December 21, 2015, the Rice Energy Irrevocable Trust (“Rice Trust”, the “Trust”), a private Trust established for the benefit of members of the Rice family, executed a block sale of 5,000,000 shares of Rice common stock to pay down a line of credit extended to the Rice Trust by Morgan Stanley Private Bank, National Association (“Morgan Stanley”).
Daniel J. Rice IV, Chief Executive Officer, said, “Before this transaction, the Rice family had not sold a single share of Rice Energy since the family formed the company in 2007. In order to pay taxes and expenses incurred as a result of the Rice Energy IPO in 2014, the Rice Trust obtained two loans, the terms of which the Trust has been in compliance with at all times. However, in light of current volatile financial market conditions, the Rice Trust determined that repaying the loans preemptively in an orderly and structured manner was the most prudent path towards preventing a potential margin call event in the future that could possibly detrimentally impact Rice Energy’s share price performance. As Rice Energy’s largest shareholder, in no way does this stock sale reflect the Rice family’s commitment to Rice Energy or its view of Rice Energy’s future performance potential.”
As revealed in a Plan 13D/A filed on December 21, 2015, on December 15, 2014, the Rice Trust reached a line of credit agreement (the “Line of Credit Agreement”) with Morgan Stanley for up to $33,000,000, and a Financial Assets Security Agreement (the “Security Agreement”), following which the Rice Trust pledged 6,750,000 shares of Rice common stock as security for its obligations to Morgan Stanley under the Line of Credit Agreement.
Rice Energy Inc., an independent natural gas and oil company, engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid (NGL) properties in the Appalachian Basin. The company operates through two segments, Exploration and Production, and Midstream.
Finally, Net Element International Inc (NASDAQ:NETE), ended its last trade with -5.17% loss, and closed at $0.220.
Net Element, declared that its partner Pay Online has reached a merchant processing contract and launched payment acceptance services for the popular global online dating network Dating.com.
This contract further highlights Net Element’s momentum as a global payments-as-a-service platform that facilitates cross-border transactions through a comprehensive range of services that comprises single on-boarding interface, extensive suite of fraud protection solutions, data analytics and reporting tools. This technical integration also makes over 100 payment methods available to Dating.com. Global transaction information is accessible as Pay Online routes transactions from all channels and from all payment methods through a single payment gateway.
With a fully integrated, bank-agnostic, tokenization solution, Pay Online assists simplify complex cross-border enterprise payment processing. Pay Online’s SaaS-based suite of solutions is PCI-DSS certified and enables merchants to streamline electronic payment acceptance and reduce the scope and burden of PCI compliance. Pay Online safeguards its entire electronic merchant’s payment ecosystem providing merchants with a peace of mind that their transaction are safe and secure.
Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its partner, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, counting point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, in addition to processes other cashless transactions, counting checks and direct debits.
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