On Tuesday, Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), lost -6.12% to $3.22.
Arena Solutions, declared that it has collaborated with GoodData, a leading provider of Insights-as-a-Service, to create a highly visual solution that integrates the power of business intelligence (BI) with PLM, all delivered via cloud: Arena Analytics.
Arena Analytics, powered by GoodData, is a robust BI solution that enables companies to gain meaningful insights into how their product-related business processes are performing. Stakeholders can easily create dashboards tied to key performance indicators (KPIs) with reports that focus on areas such as product development cycle time, product quality trends, project performance and supply chain health. Organizations can access one central hub to rapidly monitor process status and performance trends at a moment’s notice, which enables them to take proactive action, reduce risk and eliminate problems before they arise.
Arena Analytics goes beyond spreadsheets by providing the ability to create reports that examine data from multiple dimensions and provide deeper insights about business processes. Also, once created, reports and metrics are readily accessible and update automatically as the underlying data changes.
Arena Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes novel drugs that target G protein-coupled receptors. The company offers BELVIQ, a drug used to treat chronic weight administration in adults. It is also developing a portfolio of programs in various therapeutic areas, counting cardiovascular, central nervous system, and metabolic diseases.
Shares of Plains GP Holdings LP (NYSE:PAGP), declined -5.38% to $19.36, during its last trading session.
Plains All American Pipeline and Plains GP Holdings, stated second-quarter 2015 results.
PAA, stated solid second quarter results, with adjusted EBITDA of $486 million, which was about $26 million above the mid-point of our quarterly guidance range, said Greg L. Armstrong, Chairman and CEO of Plains All American. PAA will pay a quarterly distribution of $0.695 per limited partner unit next week, which is the equivalent of $2.78 per unit on an annualized basis, while PAGP will pay a quarterly distribution of $0.227 per Class A share, or $0.908 per share on an annualized basis. These distributions represent a 7.8% and 23.8% enhance over comparative distributions paid in the same quarter of 2014, respectively.
Over the intermediate to long-term, we remain very constructive on the outlook for the North American crude oil industry. Near term, we are cautious as high crude oil and refined product inventory levels will influence oilfield activity and crude oil production levels over the next six to twelve months and competition for the marginal barrel will intensify. Additionally, our current forecast assumes that our All American pipeline in California will not be returned to service during the balance of 2015.
Armstrong added, Based on this outlook, we have reduced the midpoint of our full-year guidance for adjusted EBITDA by $50 million. The resulting midpoint guidance of $2.275 billion remains in line with the full-year guidance range offered at the starting of the year, albeit near the lower end of the initial range. Importantly, PAA remains well positioned to manage through industry down cycles and capitalize on attractive opportunities as it ended the second quarter of 2015 with about $3.1 billion of committed liquidity, a strong balance sheet and credit metrics that are consistent with our targeted levels.
Plains GP Holdings, L.P., through its interest in Plains AAP, L.P., owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas, and refined products in the United States and Canada. The company operates through three segments: Transportation, Facilities, and Supply and Logistics.
At the end of Tuesday’s trade, Shares of Fortune Brands Home & Security Inc (NYSE:FBHS), gained 1.24% to $52.05.
Fortune Brands Home & Security, declared that its Board of Directors has declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on September 16, 2015, to stockholders of record as of the close of business on August 28, 2015.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security.
Finally, International Paper Co (NYSE:IP), ended its last trade with -1.16% loss, and closed at $47.60.
International Paper (IP) Chairman and Chief Executive Officer Mark S. Sutton, will speak at the UBS Global Paper and Forest Products Conference on September 10, 2015, in New York City. The presentation is planned to start at 9:00 a.m. ET, followed by a question and answer session.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging.
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