SouFun Holdings To Raise Between $400 Million And $700 Million

SouFun Holdings To Raise Between $400 Million And $700 Million

SouFun Holdings (SFUN), a real estate Internet portal in China, Friday reported “subscription agreements” with IDG Capital Partners, and with entities affiliated the Carlyle Group, and with founder, Chairman and CEO Vincent Mo, in which between $400 million and $700 million (of which 50% will be convertible notes) will be raised to purchase SouFun’s newly issued class A ordinary shares and convertible notes. Soufun said that under the subscription agreements, […]

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Deutsche Bank To Close Corporate Banking & Securities Business in Russia

Deutsche Bank To Close Corporate Banking & Securities Business in Russia

Deutsche Bank (DB) said Friday that it will close its onshore Corporate Banking & Securities business presence in Russia as part of an ongoing review of its global footprint. The firm said it has made the decision to reduce complexity, costs, risks, and capital consumption. Deutsche Bank’s Russian Corporate Finance and Markets businesses will now operate from international hubs. The Bank will continue to offer prices in Russian securities to […]

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Zayo Group Returns to Profit in Fiscal Q4 But Falls Short of Views

Zayo Group Returns to Profit in Fiscal Q4 But Falls Short of Views

Zayo Group (ZAYO) reported a fiscal Q4 profit compared to a loss the year earlier while its revenue rose to exceed estimates. The provider of bandwidth infrastructure said it had a profit of $5.1 million in the quarter ended June 30 compared to a loss of $53.7 million a year ago, missing the average $9.8 million profit that had been expected by analysts polled by Capital IQ. The company didn’t […]

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Broadwind Energy Lowers Guidance; Cuts Q3 Revenue Outlook By One-Fifth

Broadwind Energy Lowers Guidance; Cuts Q3 Revenue Outlook By One-Fifth

Broadwind Energy (BWEN) Friday reported that its revenue and loss per share for the quarter ending Sept. 30 are expected to be below the company’s previous estimates, as a result of production difficulties and supplier-quality issues at its Manitowoc, WI tower facility. Broadwind, active in windmills and other gearing markets, said based on preliminary financial results, it now expects consolidated Q3 revenue to be between $52 million to $53 million, […]

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Update: PSB Holdings Hits Highest Level Since 2008

Update: PSB Holdings Hits Highest Level Since 2008

PSB Holdings (PSBH) soared to the highest level since 2008. The company said late Wednesday in a SEC filing Putnam Bancorp, MHC (the Mutual Holding Company), PSB Holdings, Inc. and Putnam Bank each adopted a Plan of Conversion and Reorganization of the Mutual Holding Company pursuant to which the Mutual Holding Company will undertake a “second-step” conversion and cease to exist. Putnam Bank will reorganize from a two-tier mutual holding […]

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Market Chatter: ZS Pharma Hits New Record High Off Halt

Market Chatter: ZS Pharma Hits New Record High Off Halt

Shares of ZS Pharma (ZSPH) touched a fresh record high after resuming trade Thursday afternoon following a Bloomberg report noting Actelion Ltd. CEO Jean-Paul Clozel made a preliminary takeover offer in August, in a deal valuing the biopharmaceutical firm at $2.5 billion. ZSPH was up almost 32% in recent afternoon trade, with a new 52-week range of $31.07 to $84.85. The company has a current market cap of $1.93 billion. […]

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Google Slowly Rolling Out Android Pay on Thursday, Shares Firm

Google Slowly Rolling Out Android Pay on Thursday, Shares Firm

Google’s (GOOG, GOOGL) Android Pay is slowly rolling out on Thursday before reaching most Android phones (with NFC) running Android 4.4 KitKat or above within the next week. Android Pay allows a person to make contactless payments using a smartphone at participating retailers. Visa (V), MasterCard (MA), American Express (AXP), and Discover (DFS) cards from banks including Bank of America (BAC), US Bank, PNC, and others can be added to […]

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Tech Stocks Finishing Near Session Highs

Tech Stocks Finishing Near Session Highs

Technology stocks were finishing near their session highs this afternoon, supported by a big jump for Apple (AAPL) following the iPhone manufacturer’s yearly product conference yesterday while shares of technology companies in the S&P 500 were pushing to an 0.9% gain. In company news, shares of Palo Alto Networks Inc (PANW) rose Thursday after the networking equipment company reported strong fiscal Q4 financial results and forecast above-consensus Q1 earnings and […]

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BroadSoft Prices $175 Mln Convertible Senior Notes Offering Due 2022

BroadSoft Prices $175 Mln Convertible Senior Notes Offering Due 2022

Shares of BroadSoft (BSFT) were down Thursday after the software company priced its offering of $175 million aggregate principal amount of 1% convertible senior notes due 2022. The notes will be offered to qualified institutional buyers in a private sale expected to close on Sept. 15. Initial buyers will have a 30-day option to acquire up to an additional $25.3 million aggregate principal amount of notes. The notes will mature […]

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CannaInsider.com Estimates 200,000 New Jobs in the Cannabis Industry by 2015

CannaInsider.com Estimates 200,000 New Jobs in the Cannabis Industry by 2015

Colorado and Washington State are not the only states that have legalized adult use of cannabis. Oregon, Alaska, and Washington, D.C. ended prohibition during the November 2014 elections. The benefits of legalizing cannabis are manifold. There are the most frequently noted and obvious benefits like the increased tax revenue for state and local governments, in addition to reduced stress on the criminal justice system. However the biggest advantage of legalizing […]

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