On Monday, Shares of JD.com, Inc. (NASDAQ:JD), lost -6.27% to $30.06, after Alibaba Group Holding Ltd.’s purchase of a stake in the country’s biggest electronics chain threatened to enhance competition, according to Bloomberg.
JD.com slid after Alibaba, China’s biggest online retailer, said it will spend $4.6 billion to become Suning Commerce Group Ltd.’s second-largest shareholder with about a 20 percent stake. The ADRs extended their drop to 21 percent from this year’s high in June as concern mounted that stiffer competition will further slow sales growth in an industry already beset by the country’s slowest economic expansion in 25 years. Bloomberg Reports
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Shares of XOMA Corporation (NASDAQ:XOMA), inclined 24.68% to $0.96, during its last trading session.
XOMA Corporation declared John Varian, the Company’s Chief Executive Officer, is planned to present at the Wedbush PacGrow Healthcare Conference on Tuesday, August 11, 2015, at 2:30 p.m. EDT.
XOMA Corporation discovers and develops antibody-based therapeutics in the United States, Europe, and the Asia Pacific. The company’s lead product candidate comprises gevokizumab, a proprietary humanized allosteric-modulating monoclonal antibody that binds to the inflammatory cytokine interleukin-1 beta, which is in Phase III clinical trial for NIU and Behçet’s disease uveitis, pyoderma gangrenosum, active non-infectious anterior scleritis, autoimmune inner ear disease, and cardiovascular diseases, in addition to diseases under the neutrophilic dermatoses designation, Schnitzler syndrome, and other diseases; and various proof-of-concept studies comprising polymyositis/dermatomyositis, Schnitzler syndrome, and giant cell arteritis.
Finally, Cliffs Natural Resources Inc. (NYSE:CLF), ended its last trade with 11.57% gain, and closed at $2.99.
Cliffs Natural Resources declared the commencement of an offer to purchase for cash, subject to certain terms and conditions, up to $100,000,000 aggregate principal amount of its outstanding 3.95% Senior Notes due 2018.
The Tender Offer is being made following an Offer to Purchase and a related Letter of Transmittal, both dated July 31, 2015, which set forth a more detailed description of the Tender Offer. Holders of the Notes are urged to carefully read the Tender Offer Materials before making any decision with respect to the Tender Offer.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
