Insights about U.S. Stocks from mix sectors that landed in the Green-Zone in the course of Tuesday’s trade, are depicted underneath:
Vringo, Inc (NASDAQ:VRNG)’s shares picked up 4.01%, and closed at $ 0.820, during the last trading session.
Vringo, Inc. a corporation engaged in the innovation, development and monetization of intellectual property, recently declared several developments in its global litigation against ZTE in addition to its published term sheet.
In the United States, on February 27, 2015, Vringo filed an Amended Answer and Counterclaims to ZTE`s complaint against Vringo for breach of contract. Among other claims made against ZTE, Vringo seeks a final determination on a global FRAND license for ZTE to Vringo`s standard-essential patents. ZTE`s complaint, which ZTE improperly brought in Delaware, has been transferred to the United States District Court for the Southern District of New York, where it will be heard together with Vringo`s existing claim against ZTE for breach of a non-disclosure contract between the parties.
In the United Kingdom, on March 2, 2015, Vringo filed its Statement of Case in Relation to the Relief Trial in its case against ZTE for infringement of the UK part of European Patent 1,212,919. The Statement of Case sets out terms for a FRAND license in the context of appropriate relief being determined for the patent found infringed and valid (which finding has not been and cannot any longer be appealed by ZTE), should ZTE request such a license. If ZTE does not request a license or rejects the terms projected by Vringo or rejects any alternative terms that the Court orders, Vringo requests that ZTE be permanently enjoined. Vringo`s Statement of Case is accessible on Vringo`s website, www.vringo.com.
On March 2, 2015 Vringo made accessible on its website updated term sheets for its wireless infrastructure and wireless subscriber unit standard-essential patent portfolios.
Vringo, Inc., together with its auxiliaries, develops, attains, licenses, protects, and monetizes intellectual property worldwide. Its intellectual property portfolio comprises of about 500 patents and patent applications covering telecom infrastructure, Internet search, and mobile technologies. The corporation is headquartered in New York, New York.
Oneok Partners LP (NYSE:OKS), raised 3.91%, and closed at $42.51.
ONEOK Partners, L.P. and ONEOK, Inc. (OKE), will take part in the following investor conferences in March 2015:
- March 4: Barclays MLP Corporate Access Day, New York City;
- March 5: Barclays Investment Grade Energy & Pipeline Conference, New York City; and
- March 6: Simmons & Co. 2015 Annual Energy Conference, Las Vegas.
Terry K. Spencer, ONEOK and ONEOK Partners president and chief executive officer, and Derek S. Reiners, ONEOK and ONEOK Partners senior vice president, chief financial officer and treasurer, will conduct one-on-one meetings with investment-community representatives at the conferences.
ONEOK Partners, L.P. is engaged in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
Molycorp Inc (NYSE:MCP), enhanced 4.25%, and closed at $ 0.841. The company holds the book value per share of 4.91, whereas cash per share is 1.28. Price to book value is estimated to be 0.17, while price to sale value is 0.43. Analysts mean recommendation for the stock is said to be 3.7 (where 1=Buy, 5=sale).
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The corporation’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium/praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of rare earth-based water treatment products.
Merrimack Pharmaceuticals Inc(NASDAQ:MACK), enhanced 3.81%, and closed at $11.72.
Merrimack Pharmaceuticals, Inc. a biopharmaceutical corporation discovering, developing and preparing to commercialize innovative medicines paired with companion diagnostics for the treatment of cancer, formerly on February 26, declared its fourth quarter and full year 2014 financial results.
Full Year 2014 Financial Results:
Net loss for 2014 was $83.6 million, or basic and diluted net loss per share accessible to ordinary stockholders of $0.80, contrast with net loss for 2013 of $130.7 million, or basic and diluted net loss per share accessible to ordinary stockholders of $1.32. This decrease in net loss was primarily attributable to four factors:
- $55.0 million raise in partnership proceeds primarily attributable to the accelerated recognition of proceed as a result of the termination of Merrimack’s partnership with Sanofi effective December 17, 2014, combined with the recognition of $10.5 million of proceed related to Merrimack’s partnership with Baxter;
- $8.6 million of reduced research and development expense primarily associated with wind-down and read-out of data from several clinical trials;
- $9.3 million of raised general and administrative expense primarily attributable to raised infrastructure and personnel costs as we prepare for the potential commercialization of Merrimack’s product candidates and raised facility-related costs; and
- $7.3 million of raised interest expense primarily attributable to a full year of interest expense being recorded related to the convertible senior notes issued in July 2013.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The corporation’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium/praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of rare earth-based water treatment products.