On Thursday, Novogen Limited (ADR) (NASDAQ:NVGN)’s shares declined -11.49% to $6.55.
Novogen Limited (ADR) (NVGN) advises that it has reached definitive agreements recently to issue about 51 million fully-paid ordinary shares plus one attaching 6-month option and half of one attaching 5-year option for every ordinary share issued, to institutional investors in the United States in a private placement for aggregate gross proceeds of about AU$15,500,000 (“Placement”). The closing of the Placement is predictable to occur on or about 24 April 2015 and is subject to satisfaction of customary closing conditions. The issue of the attaching options under the Placement is subject to shareholder approval.
Novogen Limited is engaged in the pharmaceutical research and development business in Australia. The company has primarily two drug technology platforms, which comprise super-benzopyrans (SBPs) and anti-tropomyosins (ATMs). Its SBPs technology platform offers drug candidates, which comprise Cantrixil, an intra-peritoneal product intended for the treatment of abdominal cancers, such as ovarian and pancreatic cancer; Trilexium that is intended for the treatment of neural cancers, counting glioblastoma and neuroblastoma; and Trx-7 for the treatment of prostate cancer.
Ericsson (ADR) (NASDAQ:ERIC)’s shares dropped -8.82% to $11.58.
Ericsson (ADR) (ERIC) and Intel Security are working together to make managed security solutions accessible for telecom operators to bundle with the existing services they provide to enterprises. Combining Ericsson`s managed services expertise, global delivery capability and network security expertise with Intel Security`s broad portfolio of consumer and enterprise security solutions will enable enterprises to strengthen their security posture.
From the enterprise perspective, telecom operators will contribute their regulatory compliance expertise, ability to combine communications services with security, and local response capabilities. Initially, intrusion prevention system services, e-mail security and web security solutions will be accessible.
Ericsson provides communications technology and services worldwide. The companys Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
At the end of Thursday’s trade, MarineMax Inc (NYSE:HZO)‘s shares dipped -8.58% to $24.40.
MarineMax Inc (HZO) declared results for its second quarter ended March 31, 2015.
Revenue grew over 26% to $172.1 million for the quarter ended March 31, 2015 from $136.6 million for the comparable quarter last year. Same-store sales grew over 27% as contrast to a 16% decline in the same period a year ago. The Company stated net income of $390,000, or $0.02 per diluted share for the quarter ended March 31, 2015 contrast to a net loss of $2.0 million, or $0.08 per share, for the comparable quarter last year.
MarineMax, Inc. operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, counting pleasure boats, such as sport boats, sport cruisers, sport yachts, and yachts; fishing boats; convertible yachts; motor yachts; jet boats; and ski boats.
LookSmart, Ltd. (NASDAQ:LOOK), ended its Thursday’s trading session with -12.57% loss, and closed at $1.53.
LookSmart, Ltd. (LOOK) jointly declared that they have reached a contract and Plan of Merger, whereby Pyxis will become a publicly listed company as a result of the merger between LookSmart, Ltd. and Pyxis’ wholly-owned partner, Maritime Technologies Corp., a Delaware corporation. In addition, LookSmart will spin off its existing business into a new entity called LookSmart Group, Inc.
LookSmart, Ltd., a digital advertising solutions company, provides solutions for search and display advertising customers in the United States, Europe, the Middle East, and Africa.
On Thursday, PulteGroup, Inc. (NYSE:PHM)’s shares declined -7.93% to $19.97.
PulteGroup, Inc. (PHM) declared financial results for its first quarter ended March 31, 2015. For the quarter, the Company stated net income of $55 million, or $0.15 per share. Preceding year net income of $75 million, or $0.19 per share, comprises a net benefit of $0.02 per share regardingthe reversal of mortgage repurchase reserves partially offset by expenses associated with debt redemption charges.
Richard J. Dugas, Jr., PulteGroup Chairman, President and CEO stated that the improving demand conditions that they noted toward the end of 2014 carried through the first quarter of 2015 and offered a strong start to the spring selling season. They remain encouraged by overall housing demand which continues along a sustained but slow recovery path supported by an improving job market, favorable demographics, low interest rates and generally low inventory of accessible homes.
PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.
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