On Monday, WisdomTree Investments, Inc. (NASDAQ:WETF)’s shares declined -1.36% to $22.10.
WisdomTree Investments, Inc. (WETF) an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, recently declared the hire of Kurt MacAlpine as Executive Vice President-Head of Global Distribution. In a newly created role, Mr. MacAlpine will oversee WisdomTree`s ETP sales and distribution initiatives globally and join WisdomTree`s executive administration team. He joins WisdomTree from McKinsey & Company where he was a Partner and Leader of the North American Asset Administration practice.
As a Partner at McKinsey & Company, Kurt managed global consulting teams in the asset administration and wealth administration industries on topics related to distribution, marketing, product development, international expansion, strategy and M&A. He has extensive experience working with domestic and foreign firms in North America, Asia and Europe. Kurt was also a member of McKinsey`s Global Asset and Wealth Administration Operating Committee.
WisdomTree Investments, Inc., through its auxiliaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, in addition to offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. The company was founded in 1985 and is based in New York, New York.
Mylan NV (NASDAQ:MYL)’s shares dropped -0.15% to $73.59.
Mylan NV (MYL) has said it doubts a Teva deal could withstand antitrust scrutiny, though Teva has said it’s willing to make the necessary divestitures. The companies traded barbs again on Monday, with Mylan pressing Teva for a legally binding offer and Teva maintaining that its proposal is serious.
Teva, for its part, has about 40 injectable drugs, and Mylan about 70. If there’s overlap to be sold, Shandell said he wants some of the pieces.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
At the end of Monday’s trade, Ocwen Financial Corp (NYSE:OCN)‘s shares dipped -2.54% to $10.74.
NAACP Florida State Conference declared the second in a series of local homeowner outreach events held in partnership with Ocwen Financial Corporation (OCN), a leading financial services holding company. The Assist & Hope for Homeowners event, planned for Saturday, June 20, will provide Florida homeowners with opportunities to learn about loan modification programs, counting principal reduction, which can assist make their homes more affordable.
Following a very successful series debut in Chicago, the event will bring Ocwen customers together with United States Department of Housing and Urban Development (HUD) approved financial counselors and Ocwen Home Retention Agents, who can explore with homeowners potential loan modification options.
In Florida specifically, the situation is dire. According to data collected by RealtyTrac, just this past April, one out of every 425 Florida housing units was in foreclosure. In 2014, the state had the highest foreclosure rate in the country.
Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segments’ residential servicing portfolio includes conventional, government insured, and non-agency loans.
E-House (China) Holdings Limited (ADR) (NYSE:EJ), ended its Monday’s trading session with -1.69% loss, and closed at $6.98.
E-House (China) Holdings Limited (ADR) (EJ) declared that its Board of Directors (the “Board”) has received a non-binding proposal letter, dated June 9, 2015, from Mr. Xin Zhou, co-chairman of the Board and chief executive officer of E-House, and Mr. Neil Nanpeng Shen, a member of the Board, proposing a “going-private” transaction (the “Transaction”) to acquire all of the outstanding ordinary shares of E-House not already owned by Mr. Zhou, Mr. Shen or their respective associates for US$7.38 in cash per American depositary share (“ADS”), which represents a premium of 25% to the average closing trading price of the Company’s ADSs during the past 15 trading days.
Mr. Zhou, Mr. Shen and their respective associates beneficially own an aggregate of about 26% of the Company’s total issued and outstanding shares.
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company in the People’s Republic of China. It operates through Real Estate Online Services; Real Estate Brokerage Services; Real Estate Information and Consulting Services; Community Value-Added Services; and Other Services segments.
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