On Monday, Shares of EMC Corporation (NYSE:EMC), gained 0.96% to $25.27.
EMC Corporation, declared the immediate availability of a broad range of products and solutions designed to seamlessly connect primary storage and data protection systems to private and public clouds. As a result, organizations will be better equipped to take advantage of both the agility and unlimited scalability of public cloud services and the control and security of a private cloud infrastructure.
As IT departments rush to keep pace with the demands of the rapidly changing business, they often rely on both the private cloud – because it is trusted, controlled and reliable – and the public cloud – because of its low cost and near limitless capacity. Cloud-enabled storage and data protection solutions, like those being declared by EMC recently, empower customers to deploy a trusted storage environment where data can be automatically tiered to both public and private clouds.
EMC is extending its out-of-the box enterprise cloud solutions delivering choice, flexibility and peace-of-mind with easy-to-deploy, easy-to-manage cloud tiering to and from a number of storage platforms.
EMC is also launching a number of new data protection features that provide customers with the tools they need to ensure their data is protected wherever it resides, regardless of what might happen.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Shares of MannKind Corporation (NASDAQ:MNKD), declined -7.38% to $2.26, during its last trading session.
Mann Kind Corporation, declared the pricing of its formerly declared registered direct offering of its common stock to selected investment funds in Israel, in addition to the total number of shares to be purchased in the offering. The purchasers in the offering have committed to purchase an aggregate of 13,852,435 shares of common stock at a price per share equal to $2.61 (based upon the exchange rate between the New Israeli Shekel and the U.S. Dollar on November 12, 2015). The gross proceeds from this offering are predictable to be $36.2 million, before deducting placement agent fees, escrow agent fees and other estimated offering expenses payable by Mann Kind. The offering is predictable to close on or about November 12, 2015, subject to customary closing conditions.
“We are very happy with the dual listing in the Tel Aviv Stock Exchange. This listing offers a great opportunity for Mann Kind, allowing it to continue to leverage its business and clinical operations together with expanding its current investor base and creating opportunities for corporations with the local biomed industry. We would like to thank the Tel Aviv Stock Exchange for the opportunity to be listed for trade. We are committed to creating value for the current and new investors as one,” stated Mann Kind’s Chief Financial Officer, Matthew Pfeffer. Mr. Pfeffer went on to note, “A portion of the index funds’ required holdings have now been purchased directly from the company. These transactions provide Mann Kind with needed near term liquidity to support Afrezza operations and Technosphere developments, while minimizing shareholder dilution. Remaining demand from the TASE index funds’ long-term holding requirements are predictable to be satisfied through open market purchases, which must be accomplished before Sunday, November 15, 2015.”
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes. MannKind Corporation was founded in 1991 and is headquartered in Valencia, California.
Finally, Shares of United Continental Holdings Inc (NYSE:UAL), ended its last trade with -1.22% loss, and closed at $58.08.
Nearly 100 United Airlines employees who served in the armed forces received a special honor this Veterans Day. As a thank you for their service and sacrifice, the company flew these military veterans – representing pilots, flight attendants, maintenance technicians, ramp workers, customer service representatives and other work groups – from Seattle to its Chicago O’Hare hub on the delivery flight of a brand-new Boeing 737-900ER. In addition to the passengers on board, the entire cockpit and inflight crews on the commemorative flight also served in the military.
“Our employees are the key ingredient to our success, and we are honored to have thousands of men and women throughout our company who served, or are presently serving, in the armed forces,” said Mike Ellis, United’s senior vice president of Human Resources and a veteran of the U.S. Marine Corps. “We are dedicated to supporting these courageous individuals, and take great pride in the skills, training and dedication they bring to the job every day.”
The delivery flight was organized by United for Veterans, the company’s business resource group established in 2013 to support the airline’s efforts to recruit, retain and train highly skilled veterans.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with about 118 seats, and its regional operations.