On Monday, Shares of American Airlines Group Inc. (NASDAQ:AAL), gained 4.27% to $44.18.
American Airlines Group, applauds recent declaration by the United States Department of Homeland Security (DHS) and Customs and Border Protection (CBP) for their plans to enter negotiations to expand preclearance operations to 10 key gateway airports – seven of which are served by American.
American presently serves seven of the airports on the list for potential preclearance expansion – London Heathrow; Manchester, England; Tokyo’s Narita International; Spain’s Madrid-Barajas; Brussels; Amsterdam Schiphol; and Punta Cana International in the Dominican Republic.
At preclearance facilities, CBP Officers are stationed abroad to screen passengers and their accompanying goods or baggage heading to the United States. CBP Officers retain the authority to inspect these passengers after arriving in the U.S.
American will continue to work with DHS and CBP to ensure the negotiations are successful.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
Shares of Avago Technologies Limited (NASDAQ:AVGO), declined -0.98% to $146.62, during its last trading session, hitting its highest level.
Avago Technologies, and Broadcom Corporation (BRCM), declared that they have reached a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value. Upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of about $15 billion.
“This transaction benefits all of Broadcom’s key stakeholders,” remarked Scott McGregor, President and Chief Executive Officer of Broadcom. “Our customers will gain access to a greater breadth of technology and product capability. For our shareholders, the transaction provides both compelling up-front value in addition to the opportunity to take part in the future upside of the combined business.”
Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments.
At the end of Monday’s trade, Shares of BioDelivery Sciences International, Inc. (NASDAQ:BDSI), lost -5.16% to $8.08.
BioDelivery Sciences International, declared that it has secured an additional $20.7 million in gross debt funding from MidCap Financial to bring BDSI’s total outstanding debt with MidCap to $30 million in a single senior secured loan.
The proceeds of the loan strengthen BDSI’s cash position as the company focuses its efforts behind the ongoing commercial launch of BUNAVAIL®.
In addition to the increasing size of BDSI’s facility with MidCap, the amended and restated facility lowers the overall cost of the company’s debt with MidCap through a reduction in loan-related fees. The secured loan has a term of 42 months with interest only payments for the first 12 months. The interest rate is 8.45% plus a LIBOR floor of 0.5%.
BioDelivery Sciences International, Inc., a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain administration and addiction.
Finally, E. I. du Pont de Nemours and Company (NYSE:DD), ended its last trade with 0.89% gain, and closed at $71.64.
DuPont Displays (DuPont) and leading inkjet equipment manufacturer Kateeva declared that they will join forces to develop optimized inks, equipment, and processes to further advance inkjet printing technology for Organic Light Emitting Diode (OLED) display devices. The companies will work closely to leverage DuPont technical leadership in solution materials for printed OLED devices with Kateeva’s exclusive YIELDjet(TM) inkjet printing platform. The aim of this cooperation is to establish a proven, cohesive offering for OLED device manufacturers that enables a simpler yet highly effective process for manufacturing OLED TV displays using inkjet technology.
The DuPont and Kateeva cooperation is non-exclusive and manufacturers will not be restricted in their choice of equipment or materials through this effort; it will only aim to enhance viable, manufacturing-ready options. The companies expect to provide cross-referenced data for DuPont materials with Kateeva printing equipment.
The OLED industry is collectively working towards mass production of OLED TVs using soluble OLED materials to economically produce high-performance displays while dramatically reducing the material waste associated with current evaporative processes. Historically, device performance using soluble production has lagged.
E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
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