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Saturday 11 April 2015
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Yesterday’s Losers In The NEWS - T. Rowe Price Group, (NASDAQ:TROW), Hudson Pacific Properties, (NYSE:HPP), Synthetic Biologics, (NYSEMKT:SYN), Duke Realty, (NYSE:DRE)

On Tuesday, T. Rowe Price Group, Inc. (NASDAQ:TROW)’s shares declined -3.74%, and closed at $79.05, as on March 25, T. Rowe Price’s 2015, Parents, Kids & Money Survey revealed that parents are letting their kids, who are 8-14 years old, learn about money the hard way, but may not be having the appropriate financial conversations to assist guide their decisions. Additionally, the survey found that a growing number of parents think that it is appropriate for schools to teach financial education, and three-quarters of parents think there should be a personal finance requirement to graduate high school.

T. Rowe Price encourages parents to invest in their kids’ futures by talking to them about money matters weekly. To assist, the firm created MoneyConfidentKids.com. The site provides free online games for kids, lessons for educators, and tips for parents, focused around the financial concepts of aim setting, spending as compared to saving, inflation, asset allocation, and diversification.

T. Rowe Price Group, Inc. is a publicly owned asset administration holding corporation. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It invests in the public equity and fixed revenue markets across the globe. It also invests in alternative markets, counting currency markets.

Hudson Pacific Properties, Inc. (NYSE:HPP)’s shares dropped -3.39%, and settled at $32.80, during the last trading session on Tuesday, after a vertically integrated real estate trust (REIT), declared the pricing of an underwritten public offering of 5,250,000 shares of its ordinary stock by certain funds associated with Farallon Capital Administration, L.L.C. following an effective shelf registration statement formerly filed with the Securities and Exchange Commission. The offering is predictable to close on April 10, 2015, subject to customary closing conditions. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 787,500 shares of ordinary stock. The Corporation will not receive any of the proceeds from the offering.

The last stated sale price of the Corporation’s ordinary stock on April 6, 2015 was $33.95 per share. The underwriters may offer the shares of ordinary stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Hudson Pacific Properties, Inc. operates as a vertically integrated real estate trust (REIT) in the United States. It engages in owning, operating, and acquiring office, and media and entertainment properties primarily in Northern and Southern California in Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley, and the East Bay.

At the end of Tuesday’s trade, Synthetic Biologics Inc. (NYSEMKT:SYN)’s shares dipped -3.32%, and closed at $2.04, after a biotechnology corporation, on April 1, declared that clinical data supporting the development of SYN-004, the Corporation’s candidate therapy designed to degrade certain beta-lactam intravenous (IV) antibiotics within the gastrointestinal (GI) tract and maintain the natural balance of the gut microbiome for the prevention of C. difficile infection, antibiotic-associated diarrhea and secondary antibiotic-resistant infections, has been selected for presentation during the 115th General Meeting of the American Society of Microbiology (ASM2015) in New Orleans, LA on May 30-June 1.

Synthetics Biologics, Inc., a biotechnology corporation, focuses on development of novel anti-infective biologics and drug candidates targeting specific pathogens that cause serious infections and other diseases.

Duke Realty Corporation (NYSE:DRE), ended its Tuesday’s trading session with -3.20% loss, and closed at $21.51, as a real estate investment trust (REIT) firm, on Good Friday, declared the acceptance of notes for purchase following the formerly declared tender offer of its operating partnership, Duke Realty Limited Partnership, to purchase for cash for a combined aggregate purchase price (exclusive of accrued and unpaid interest) of up to $500,000,000 its 8.25% Senior Notes due 2019 (CUSIP No.: 26441YAT4), its 5.95% Senior Notes due 2017 (CUSIP No.: 26441YAM9), its 6.75% Senior Notes due 2020 (CUSIP No.: 26441YAU1), its 6.50% Senior Notes due 2018 (CUSIP No.: 26441YAQ0) and its 4.375% Senior Notes due 2022 (CUSIP No.: 26441YAV9). The 2019 Notes, the 2017 Notes, the 2020 Notes, the 2018 Notes and the 2022 Notes are referred to collectively as the “Securities.”

Duke Realty Corporation operates as a real estate investment trust (REIT) in the United States. It offers leasing, property and asset administration, development, construction, build-to-suit, and other tenant-related services.

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