On Wednesday, FreeSeas Inc (NASDAQ:FREE)’s shares inclined -14.60% to $0.0165. The market capitalization of FreeSeas Inc (NASDAQ:FREE) is $2.29 billion with the total traded volume of the company is 32.62 million. Turning to market valuation, the Price-to-Sales ratio is 0.89. The beta ratio has a value of 4.28.
FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet comprises of five Handysize vessels and one Handymax vessel.
Oracle Corporation (NYSE:ORCL)’s shares gained 0.93% to $36.93.
To keep pace with rapid cloud growth, Oracle (NYSE: ORCL) unveiled plans to construct a next-generation technology campus in Austin, Texas. The company also confirmed that it will purchase housing for employees to live affordably and conveniently nearby. Declaration underscores Oracle’s commitment to its employees and to the cloud, as the company continues to hire aggressively around the world.
Bolstered by the new campus, Oracle will expand its team in Austin by more than 50 percent over the next few years. Job opportunities will largely be driven by growth in Oracle’s cloud sales organization, Oracle Direct. Recruitment efforts will focus on recent university graduates and technical professionals at early stages in their career.
“Austin was a natural choice for Oracle to invest and grow,” said Scott Armour, Senior Vice President, Oracle Direct. “We already have a high-performing employee base in the region, and the surrounding technology community is teeming with creative and innovative thinkers. Our state-of-the-art campus will be designed to inspire, support and attract top talent — with a special focus on the needs of millennials.”
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Invesco Ltd. (NYSE:IVZ)‘s shares surged 4.38% to $33.12.
Invesco PowerShares Capital Administration LLCdeclared changes to its product lineup.
As part of the firm’s commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco PowerShares declared it will change the underlying indexes, but not the index provider for four ETFs. Two of these affected ETFs will also receive new product tickers. There will be no administration fee changes to the affected ETFs.
Four other ETFs are planned to close on Monday, March 21, 2016, with the last day of trading planned for Friday, March 18, 2016. These closures may enable Invesco PowerShares to better align its product line with the changing investment landscape and allow the firm to continue to introduce value-added ETF solutions that meet investor needs going forward.
“Invesco PowerShares is committed to delivering innovative ETF solutions that are aligned with recently’s investment landscape,” said Dan Draper, Managing Director of Invesco PowerShares. “These changes to our ETF offerings may assist our clients capture unique growth opportunities as market conditions evolve.”
The Board of Trustees approved changes to the underlying indexes, product names and tickers for the ETFs indicated in the tables below. These changes will take effect at market close on March 18, 2016.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced and fixed income portfolios.
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