On Friday, Paychex, Inc. (NASDAQ:PAYX)’s shares declined -0.53% to $47.99.
Paychex, Inc. (PAYX) CEO Martin Mucci stated in a phone interview, they believe that this is not the start of a trend but indicative of what they have seen with economic data as it has been inconsistent but still showing overall moderate growth. While the index showed a decline, the trend still signals moderate growth as the reading is over 100.”
A monthly measure of change in small business employment in the U.S., the Paychex/IHS Small Business Jobs Index tracks worker counts. An upward trend represents a strengthening job market, while a downward trend is a sign of a slowdown.
Many regions registered a decline last month. The West-North Central area exhibited the lowest growth rate for the second successive month. The East-North Central region now has the top-ranked position of all the regional indices.
On the state level, Indiana was the one with the highest ranking, demonstrating the best one-month and 12-month growing rates. After having solid total employment growth in April and May as stated by the Bureau of Labor Statistics, Indiana’s ranking climbed to 103.65. Illinois also logged growth, of 0.34%, in May contrast April. With a 102.31 ranking, Michigan saw improvement as its economy transitions to being more technology-based and has call centers, Mucci explained.
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Homeinns Hotel Group (ADR) (NASDAQ:HMIN)’s shares gained 2.23% to $32.05.
Homeinns Hotel Group (ADR) (HMIN) declared that its Board of Directors (the “Board”) has received a non-binding proposal letter, dated June 11, 2015, from BTG Hotels (Group) Co., Ltd. (“BTG Hotels”), Poly Victory Investments Limited (“Poly Victory”), Ctrip.com International, Ltd. (“Ctrip”), Mr. Neil Nanpeng Shen (“Mr. Shen”), Co-Founder and Co-Chairman of the Board of the Company, James Jianzhang Liang, Co-Founder and Director of the Company and Chairman of the Board of Directors and Chief Executive Officer of Ctrip (“Mr. Liang”), and David Jian Sun, Chief Executive Officer and Director of the Company (“Mr. Sun,” together with BTG Hotels, Poly Victory, Ctrip, Mr. Shen and Mr. Liang, the “Buyer Group”), proposing a “going-private” transaction (the “Transaction”) to acquire all of the outstanding ordinary shares of Homeinns not already owned by the Buyer Group for US$32.81 in cash per American depositary share (“ADS”), which represents a premium of 20% to the average closing trading price of the Company’s ADSs during the past 20 trading days.
The Buyer Group beneficially owns an aggregate of about 35% of all of the Company’s issued and outstanding ordinary shares.
According to the proposal letter, the Buyer Group intends to fund the consideration payable in the Transaction with a combination of debt and/or equity capital, and rollover equity in the Company. A copy of the proposal letter is attached as Annex A to this press release.
The Board has formed a special committee comprised of three independent, disinterested directors, Messrs. Kenneth Gaw, Terry Yongmin Hu and Arthur M. Wang. The special committee plans to retain legal and financial advisors to assist it in evaluating the Transaction.
Homeinns Hotel Group, together with its auxiliaries, develops, leases, operates, franchises, and manages hotels for individual business and leisure travelers in the Peoples Republic of China. The company operates hotels under the Homeinn, Yitel, Motel 168, and Fairyland brands. As of December 31, 2014, it operated 2,609 hotels, counting 914 leased-and-operated hotels and 1,695 franchised-and-managed hotels with about 296,075 rooms located in 335 cities.
At the end of Friday’s trade, Amarin Corporation plc (ADR) (NASDAQ:AMRN)‘s shares surged 3.35% to $2.47.
Amarin Corporation plc (ADR) (AMRN) declared the presentation of findings from a new in vitro study at a peer-reviewed poster session at the American Diabetes Association Scientific Sessions in Boston, Massachusetts.
The poster, titled “Eicosapentaenoic Acid (EPA) Reduces Glucose-induced Small Dense Low-Density Lipoprotein Oxidation In Vitro in a Manner Distinct from Other Triglyceride-Lowering Agents and Vitamin E,” presents data that shows exposure to eicosapentaenoic acid (EPA), an omega-3 fatty acid, inhibited glucose-induced oxidation of small dense LDL. This study examined the effects of EPA and other triglyceride-lowering agents on human sdLDL oxidation following exposure in vitro to hyperglycemic conditions. Exposure to hyperglycemic conditions resulted in a 55% enhance in human sdLDL oxidation as contrast to non-glucose-treated controls as measured by a marker of oxidation (malondialdehyde (MDA)). EPA inhibited this glucose-induced sdLDL oxidation in a dose-dependent fashion and, at the highest concentration tested (10.0 µM), EPA inhibited sdLDL oxidation by 94% contrast to vehicle treated (ethanol) control.
Amarin Corporation plc, a biopharmaceutical company, focuses on developing and commercializing therapeutics for the treatment of cardiovascular diseases in the United States.
Aramark (NYSE:ARMK), ended its Friday’s trading session with 0.19% gain, and closed at $30.94.
Aramark (ARMK) declared that four of its lodging facilities have been inducted into TripAdvisor’s inaugural Certificate of Excellence Hall of Fame. In total, seventeen Aramark-managed properties received the 2015 Certificate of Excellence from TripAdvisor, the world’s largest travel site.
TripAdvisor’s Certificate of Excellence celebrates hospitality excellence and is given only to establishments that inconsistent achieve outstanding traveler reviews on the website. The new ‘Hall of Fame’ was created to honor businesses that have achieved TripAdvisor’s Certificate of Excellence for five successive years.
Aramark-managed locations joining the Hall of Fame are Lake Crescent Lodge and Lake Quinault Lodge, two historic lodges on Washington’s Olympic Peninsula; Togwotee Mountain Lodge just outside Grand Teton National Park in Wyoming and Zephyr Cove Resort on Lake Tahoe.
While these four Aramark properties were granted Hall of Fame status, 17 total Aramark-managed lodges, restaurants and attractions received the 2015 TripAdvisor Certificate of Excellence award.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.
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