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Tuesday 15 September 2015
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Latest Update

News Recap: Amedica Corporation (NASDAQ:AMDA), PIMCO High Income Fund (NYSE:PHK), Firstmerit Corp (NASDAQ:FMER), Workday Inc (NYSE:WDAY)

On Thursday, Shares of Amedica Corporation (NASDAQ:AMDA), lost -5.95% to $0.395.

Amedica Corporation, declared the appointment of internationally renowned scientist Giuseppe Pezzotti, Ph.D. to its Scientific Advisory Board. Dr. Pezzotti will advise the Company on the scientific properties and clinical applications of silicon nitride, and assist Amedica in further developing its technology.

“As a highly-differentiated biomaterials company focused on silicon nitride, Amedica is delighted to welcome Dr. Pezzotti and share his passion and expertise in biomaterials science,” said Dr. Sonny Bal, chairman and CEO of Amedica Corporation. “The addition of Dr. Pezzotti to our Scientific Advisory Board will consolidate our niche in silicon nitride technology, and promote innovation, differentiation, and further development of a unique biomaterial platform. Professor Pezzotti’s previous work on silicon nitride has recently led to new insights into the surface nanostructure of silicon nitride, and why the material is so conducive toward bone cell proliferation, hydroxyapatite growth, possesses superior fracture toughness, and other attractive properties, when contrast to other biomaterials used in skeletal reconstruction recently. As the limitations of presently available biomaterials used in skeletal reconstruction are increasingly recognized, Amedica is positioned to offer the next generation of practical solutions to surgeons worldwide.”

Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America.

Shares of PIMCO High Income Fund (NYSE:PHK), declined -1.52% to $7.78, during its last trading session.

The Boards of Trustees/Directors of the PIMCO closed-end funds have declared a monthly distribution for each Fund’s common shares as summarized below. The distributions are payable on October 1, 2015 to shareholders of record on September 11, 2015, with an ex-dividend date of September 9, 2015.

Certain of the Funds declared distribution changes this month. PDI’s and PCI’s monthly distributions were raised by $0.010500 per share and $0.007813 per share, respectively. PHK’s distribution was reduced by $0.018415 per share.

Generally, the changes in distributions for PHK, PCI and PDI take into account many factors, counting but not limited to, each such Fund’s current and predictable earnings, the overall market environment and PIMCO’s current economic and market outlook.

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Administration LLC. The fund is co-managed by Pacific Investment Administration Company LLC. It invests in the public fixed income markets across the globe.

At the end of Thursday’s trade, Shares of Firstmerit Corp (NASDAQ:FMER), gained 1.08% to $17.74.

FirstMerit Corp., will present at the Barclays Capital Global Financial Services Conference on Wednesday, September 16, 2015 at 9:00 a.m. EDT in New York City. Paul G. Greig, chairman, president and CEO, will discuss business, financial performance and strategies.

FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers.

Finally, Workday Inc (NYSE:WDAY), ended its last trade with -0.16% loss, and closed at $70.16.

Workday, declared that more than 300 organizations have selected Workday Recruiting, with more than 95 customers live. Ranging from mid-size organizations to Fortune 500 brands across a variety of industries, Workday Recruiting customers comprise American Express Global Business Travel, Bank of America, Big Heart Pet Brands, BlackBerry Limited, Cornell University, CSG Systems International, Inc., Four Seasons, McKee Foods, and Noble Corporation.

“Workday Recruiting struck a chord with global organizations eager to replace outdated applicant tracking systems (ATS) with a collaborative application that responds to the dynamic nature of hiring in today’s competitive talent market,” said Leighanne Levensaler, senior vice president, products, Workday. “We are thrilled to see such rapid adoption and will continue to evolve Workday Recruiting to ensure our expanding community can continually align their recruiting approach with future market changes and new growth objectives.”

Workday, Inc. provides enterprise cloud applications for finance and human resources in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources.

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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.

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