On Friday, RCS Capital Corp (NYSE:RCAP)’s shares declined -3.59% to $9.39, while its weekly performance remained poor, showing the downward trend up to -9.88%, as RCS Capital Corp (RCAP), declared that industry veteran J. David Ballard has been designated Executive Vice President and Chief Operating Officer effective April 13. Mr. Ballard, 47, will be based in Los Angeles and report directly to R. Lawrence “Larry” Roth, Chief Executive Officer of Cetera Financial Group.
With about 28 years of experience across a range of senior operating and executive roles in the financial services industry, Mr. Ballard will serve as an integral member of Cetera’s executive leadership team, playing a key role in formulating overall strategy and operational plans. Mr. Ballard will focus on developing and executing operations strategies that leverage Cetera’s industry-leading scale and resources to provide the platforms and tools that most effectively support the business growth of the financial advisors associated with the network’s member broker-dealer firms. As part of this role, Mr. Ballard will partner with key leaders at each of the network’s member firms.
RCS Capital Corporation engages in the independent retail advice, wholesale distribution, investment banking, capital markets, investment administration, and investment research businesses. The corporation offers independent retail advices, financial products, and investment solutions through a network of independent channel broker-dealers and registered investment advisers; and multi-product distribution platform of direct investment program offerings to independent broker-dealers and the retail financial advisor community.
OvaScience Inc (NASDAQ:OVAS)’s shares gained 8.17% to $31.79, during the last trading session on Friday, while its weekly performance remained poor, showing the downward trend up to -9.33%, as OvaScience Inc (OVAS), declared that additional clinical experience of the Corporation’s AUGMENTSM treatment demonstrated improved pregnancy rates in women who had failed three to seven preceding in vitro fertilization (IVF) cycles. These results were stated at the Society for Reproductive Investigation (SRI) 62nd Annual Scientific Meeting being held in San Francisco, CA. The AUGMENT treatment is not accessible in the United States.
“These initial AUGMENT pregnancy rates are quite encouraging, especially given that these were women who had failed multiple IVF cycles and were running out of options to use their own eggs,” said Dr. Oktay. “We were also happy to see these pregnancy rates achieved with single embryo transfers during IVF, a practice that may limit the number of multiple births, which can cause health risks to the mother and infant during pregnancy and delivery and after. Based on our experiences to date, the AUGMENT treatment appears to benefit women with poor egg quality and we look forward to ongoing to share our clinical experiences.”
The results stated in the poster presentation represent experiences from a small number of patients with different diagnoses, ages and preceding IVF history. As of this reporting, pregnancy rates across IVF clinics that offer the AUGMENT treatment presently range from 25% - 53%, which comprises clinics that are treating some of the more challenging infertility patients. OvaScience is collecting AUGMENT patient experience in a first-of-its-kind international registry, and anticipates sharing information from a broader patient experience when it is accessible.
OvaScience, Inc., a life science corporation, engages in the discovery, development, and commercialization of new treatments for infertility. The corporation’s patented technology is based on the discovery of egg precursor (EggPC) cells, which are immature egg cells found in the protective outer layer of a woman’s own ovaries.
At the end of Friday’s trade, Hudson City Bancorp, Inc (NASDAQ:HCBK)‘s shares dipped -1.34% to $9.58, while its weekly performance remained poor, showing the downward trend up to -8.67%, after Hudson City Bancorp, Inc (HCBK), declared that it had been advised by M&T Bank Corporation (“M&T”), late in the afternoon on April 3, 2015, that the Federal Reserve Board will not act on M&T’s merger application before the current termination date of April 30, 2015 offered for in the Contract and Plan of Merger, as amended, after which either party can terminate the transaction if the closing has not occurred. As a result, the merger will not close by the formerly declared target closing date of May 1, 2015.
The Hudson City Board of Directors is considering its response to this development and will attempt to reach a determination as soon as possible.
Denis J. Salamone, Hudson City’s Chairman and CEO stated “We continue to believe the planned and economic fundamentals of the merger of Hudson City and M&T are attractive to Hudson City’s shareholders, customers and the communities we serve. However, given the unpredictable notice of delay over a holiday weekend, the Board of Hudson City needs more time to understand the nature and timing of the delay and its potential influence on the transaction before the Board can determine its course of action.”
Hudson City Bancorp, Inc. operates as the holding corporation of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
PBF Energy Inc (NYSE:PBF), ended its Friday’s trading session with 0.55% incline, and closed at $29.35, while its weekly performance remained poor, showing the downward trend up to -8.51%, formerly on March 26, PBF Energy Inc (PBF), declared that it will release its earnings for the first quarter 2015 on Thursday, April 30, 2015. The corporation will host a conference call and webcast regarding first quarter results and other business matters on Thursday, April 30, 2015, at 8:30 a.m. ET.
PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products. The corporation sells its products in Northeast and Midwest of the United States, in addition to in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey.
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