On Tuesday, Akamai Technologies, Inc.(NASDAQ:AKAM)’s shares inclined 0.31% to $75.46.
Akamai Technologies, Inc.(AKAM) declared a new planned alliance designed to assist businesses more effectively fight a wide range of malicious online activities through vulnerability assessment, denial of service prevention and incident response.
Through this partnership, Akamai and Trustwave plan to make accessible to their respective customers select technology solutions and security services from each company’s portfolio. The planned relationship is intended to allow both companies to provide a broader set of cyber security protections to meet a wide range of customer requirements in a constantly changing cyber security threat landscape.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
Coeur Mining Inc (NYSE:CDE)’s shares gained 1.10% to $5.51.
Coeur Mining Inc (CDE) stated 1Q15 revenue of $153 million. It missed consensus estimates by $2.55 million. The company stated net loss of $24.4 million, or $0.24 per share, in 1Q15. This was better than a net loss of $37.5 million, or $0.37 per share, in 4Q14. As a result, it beats the estimates by $0.03 per share. Coeur Mining credited the improved earnings to the decline in AISC (all-in sustaining costs) by 8% from the fourth quarter.
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia.
At the end of Tuesday’s trade, BioDelivery Sciences International, Inc. (NASDAQ:BDSI)‘s shares dipped -2.72% to $7.86.
BioDelivery Sciences International, Inc. (BDSI) declared recently that it has secured an additional $20.7 million in gross debt funding from MidCap Financial to bring BDSI’s total outstanding debt with MidCap to $30 million in a single senior secured loan.
The proceeds of the loan strengthen BDSI’s cash position as the company focuses its efforts behind the ongoing commercial launch of BUNAVAIL®.
In addition to the increasing size of BDSI’s facility with MidCap, the amended and restated facility lowers the overall cost of the company’s debt with MidCap through a reduction in loan-related fees. The secured loan has a term of 42 months with interest only payments for the first 12 months. The interest rate is 8.45% plus a LIBOR floor of 0.5%.
BioDelivery Sciences International, Inc., a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain administration and addiction.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR), ended its Tuesday’s trading session with 0.29% gain, and closed at $55.16.
Spirit AeroSystems Holdings, Inc. (SPR) and its wholly-owned partner Spirit AeroSystems, Inc. (“Spirit”) reached a Resignation and Consulting Agreement and General Release with Mr. David Coleal (the “Consulting Agreement”). As formerly declared, on May 12, 2015 Mr. Coleal notified the Company of his decision to resign from his position as the Executive Vice President/General Manager - Boeing, Business & Regional Jet Programs of the Company.
The Consulting Agreement provides that, for a period of two years following the effective date of his resignation, Mr. Coleal will provide consulting and transition services to Spirit. Mr. Coleal will receive annual compensation of $150,000 for the provision of such services.
Mr. Coleal will no longer receive any benefits under the Company’s Omnibus Incentive Plan following the effective date of his resignation.
Mr. Coleal remains subject to the non-competition, non-solicitation and confidentiality restrictions set forth in his employment agreement with Spirit, except to the extent otherwise agreed by the Company and Spirit.
Spirit AeroSystems Holdings, Inc., through its auxiliaries, operates as a non-original equipment manufacturer (OEM) that designs, engineers, and manufactures large commercial aircraft structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft OEMs; and provides related spares, in addition to maintenance, repair, and overhaul (MRO) services.
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