On Friday, Shares of Spherix Inc (NASDAQ:SPEX), gained 3.70% to $0.560.
Spherix Incorporated declared that a settlement agreement between Spherix and Verizon was reached as of August 31, 2015, resolving all outstanding litigation between the two companies. Per the agreement reached by the parties, no commercial terms are revealed.
Anthony Hayes, Chief Executive Officer of Spherix, stated, “With the Verizon matter behind us, we continue to actively pursue claims in six active lawsuits across multiple jurisdictions. This update is part of our ongoing effort to keep shareholders informed about the status of our pending litigation as we move toward unlocking the value of our formidable portfolio of patents.”
Spherix Incorporated operates as an intellectual property company that owns, develops, acquires, and monetizes patented and unpatented intellectual properties. The company owns about 330 patents and patent applications.
Shares of Mack Cali Realty Corp (NYSE:CLI), inclined 0.60% to $18.37, during its last trading session.
Mack-Cali Realty Corporation declared that it would be hosting an Investor and Analyst meeting to outline its corporate strategy for the next several years. The meeting will be held at the Four Seasons Hotel, 57 East 57th Street, New York, on September 10, 2015 from 11:00 a.m. to 2:00 p.m. Eastern Time. Mitchell E. Rudin, chief executive officer, Michael J. DeMarco, president and chief operating officer, Anthony Krug, chief financial officer, and Marshall Tycher, president of Mack-Cali’s Roseland partner will take part in the meeting.
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing administration, leasing, development, construction and other tenant-related services for its two-platform operations of Waterfront and transit-based office and luxury multi-family. Mack-Cali owns or has interests in 274 properties, comprising of 255 office and office/flex properties totaling about 29.7 million square feet and 19 multi-family rental properties containing about 5,700 residential units and a pipeline of 10,000 units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants.
Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, administration, acquisition, development, and construction of commercial real estate properties in the United States.
Finally, Wabash National Corporation (NYSE:WNC), ended its last trade with -4.34% loss, and closed at $11.68.
Wabash National Corporation was named one of the “50 Best U.S. Manufacturers” by IndustryWeek in its July/August 2015 issue. This is the third time Wabash National has been honored as an “IW 50 Best,” having also appeared on the list in 2006 and 2013.
“This national recognition reflects the dedication and talent of our 6,000 associates worldwide,” said Dick Giromini, president and chief executive officer. “Wabash National has changed significantly in the past three years as we have transformed from primarily a van trailer producer to a diversified industrial manufacturer. With a rich 30-year history as an industry leader, our core values and commitment to customers have remained the same, and that has made all the difference.”
The IndustryWeek 50 Best U.S. Manufacturers is the magazine’s annual ranking of America’s top-performing public manufacturers. To select the top 50 manufacturing companies, IndustryWeek evaluated members of its “U.S. 500,” a list of the largest U.S. public manufacturers, based on financial performance in six key areas from 2012 to 2014: inventory turns, profit margin, asset turns, return on assets, return on equity and revenue growth. Performance for the most recent year was weighted more heavily in the analysis.
Wabash National Corporation designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers under the DuraPlate, DuraPlateHD, DuraPlate, XD-35, and FreightPro trademarks; platform trailers under the Transcraft, Eagle, and Benson trademarks; refrigerated trailers under the ArcticLite trademark; and specialty products, such as converter dollies, big tire haulers, Roadrailer trailers, rail products, aftermarket component products, parts, and others, in addition to used trailers and laminated hard wood oak products.
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