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Tuesday 26 January 2016
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Stocks Roundup: Edison International (NYSE:EIX), Axalta Coating Systems Ltd (NYSE:AXTA), Men’s Wearhouse Inc (NYSE:MW), Viggle Inc (NASDAQ:VGGL)

On Friday, Edison International (NYSE:EIX)’s shares inclined 1.19% to $57.92.

If child’s play really is a task that’s easily accomplished, “A Bug’s Light!” does its job with generally rave reviews from students and teachers alike.

And that job will continue Tuesday when Sparky the Wonder Bug returns to entertain and teach thousands of elementary students about electrical safety through a live theatre production of “A Bug’s Light!” across Southern California Edison’s (SCE) service territory.

Staged by The National Theatre for Children, the engaging interactive safety learning production teaches students and their families how to stay safe around electricity. Students from 40 elementary schools are planned to see the live performance, which runs through Oct. 6 in Bellflower, Long Beach, El Monte, Palm Desert, San Bernardino, Fontana, Santa Barbara, Visalia, Tulare and other cities.

SCE offers the production as part of its public safety outreach efforts.

Edison International, through its auxiliaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, agricultural and other, industrial, and public authorities through transmission and distribution netoperates. T

Axalta Coating Systems Ltd (NYSE:AXTA)’s shares dropped -0.98% to $28.25.

Axalta Coating Systems Ltd. (AXTA) has priced a secondary offering of 30,000,000 of its common shares at $29.75 per share. All of the shares are being offered by certain associates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any proceeds from the offering, counting from any exercise by the underwriters of their option to purchase additional common shares.

Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities.

Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

At the end of Friday’s trade, Men’s Wearhouse Inc (NYSE:MW)‘s shares surged 1.11% to $48.27.

The Men’s Wearhouse (MW) declared it has signed a 10-year agreement with Macy’s, Inc. to operate men’s tuxedo rental shops inside 300 Macy’s stores. No other terms were revealed.

The new Macy’s Tuxedo Shop is predictable to be located in or near the Men’s Department and will have dedicated space staffed by our formalwear professionals. The Men’s Wearhouse will start operating 17 pilot tuxedo shops in fall 2015, then start the rollout of the remaining shops with the expectation that 300 shops will be open by fall 2016. Macy’s and Men’s Wearhouse will also collaborate to develop a digital tuxedo rental shop on macys.com.

The Men’s Wearhouse, Inc. operates as a specialty apparel retailer in the United States, Puerto Rico, and Canada. The company operates in two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, sportswear, outerwear, dress shirts, dress pants, overcoats, ties, shoes, and accessories for men in classic, modern, and slim fits in various sizes; and a selection of tuxedo rental products. It also offers ladies’ career apparel, sportswear, shoes, and accessories; children’s apparel; alteration services; and retail dry cleaning, laundry, and heir looming services.

Viggle Inc (NASDAQ:VGGL), ended its Friday’s trading session with 7.35% gain, and closed at $1.46.

With the Notice of Allowance from the U.S. Patent and Trademark Office for its 11th patent, Viggle Inc. (VGGL) has added more value to its unique multifaceted mobile and web-based entertainment marketing platform which offers companies and their brands an entirely new way to interact with desired consumers. The new patent covers proprietary design features regarding new interactive television programming guide. It is granted by title: “Display Screen or Portion Thereof with Animated User Interface.”

Recognizing the convergence of the facts that consumers don’t always like to be “sold” via traditional advertising methods and that advertisers purchasing online media ads want more evidence that their ads are reaching preferred target audiences, Viggle aims to bridge the gaps.

Viggle Inc. operates as a mobile and Web-based entertainment marketing platform for media companies, brands, and consumers in the United States. It guides users towards various forms of media consumption with television enhancement, music discovery, entertainment content publishing, and distributed viewing reminders.

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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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