On Friday, Shares of Twitter, Inc. (NYSE:TWTR), gained 0.17% to $35.90.
Twitter Inc’s next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after this week’s administration shakeup - assisting disaffected advertisers connect with users, according to Reuters.
And many advertisers, analysts and investors say Twitter already has the right person for the job: not interim CEO Jack Dorsey but Adam Bain, the company’s president and head of revenue, who has emerged as an early favorite.
Twitter’s outgoing chief executive, Dick Costolo, resigned abruptly Thursday amid pressure from investors to enhance the user base and improve what’s known as direct response advertising, the most lucrative type on the microblogging site. Reuters Reports.
Those ads prompt users to take an action, such as signing up for a website or buying a product. Improving them is central to Twitter’s ability to make more money. Reuters added.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Newmont Mining Corporation (NYSE:NEM), declined -0.46% to $23.55, during its last trading session.
Newmont Mining Corporation, declared it has reached a definitive purchase agreement to acquire the Cripple Creek & Victor (“CC&V”) gold mine in Colorado from AngloGold Ashanti Ltd.
Newmont will purchase the producing operation for $820 million in cash at closing (subject to customary adjustments), plus a 2.5 percent net smelter return royalty for gold production from potential future underground ore. The acquisition will be funded with net proceeds generated from a common equity issuance of 29 million shares, and supplemented with cash from Newmont’s balance sheet.
CC&V’s expansion – which comprises a new leach pad and recovery plant, and a new mill to augment production – is about two-thirds complete. Acquiring CC&V will support Newmont’s strategy to lead the gold sector in value creation by:
- Offering strong earnings and cash flow with additional opportunities to improve value
- Adding between 350,000 and 400,000 ounces of gold per year in 2016 and 2017 at all-in sustaining costs of between $825 and $875 per ounce
- Strengthening the reserve base – Newmont will report year-end 2015 Reserves and Resources according to its Standards in early 2016
- Retaining CC&V’s practiced workforce to ensure business continuity.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
Finally, FireEye, Inc. (NASDAQ:FEYE), ended its last trade with 1.25% gain, and closed at $51.80.
On May 28, FireEye, declared the pricing of $400.0 million aggregate principal amount of 1.000% convertible senior notes due 2035 and $400.0 million aggregate principal amount of 1.625% convertible senior notes due 2035, for a total aggregate principal amount of $800.0 million, in a private placement to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended. The size of the offering was raised from the formerly declared $600 million total aggregate principal amount ($300.0 million principal amount of each of the Series A notes and the Series B notes). FireEye also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $60.0 million aggregate principal amount of the Series A notes and up to an additional $60.0 million aggregate principal amount of the Series B notes.
The sale of the notes to the initial purchasers is predictable to settle on June 2, 2015, subject to customary closing conditions, and is predictable to result in about $779.3 million in net proceeds to FireEye (or $896.3 million if the initial purchasers exercise their option to purchase additional notes of each series in full) after deducting the initial purchasers’ discount and estimated offering expenses payable by FireEye.
The notes will be senior, unsecured obligations of FireEye. The Series A notes will bear interest at a rate of 1.000% per year and the Series B notes will bear interest at a rate of 1.625% per year. Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, starting on December 1, 2015. The notes will mature on June 1, 2035, unless earlier repurchased, redeemed or converted.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
