Minerva Neurosciences Prices Public Offering of Common Stock

Minerva Neurosciences Prices Public Offering of Common Stock

Minerva Neurosciences said Thursday it has priced an underwritten public offering of 5 million shares of its common stock at a price to the public of $7.75 per share. Proceeds to Minerva from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $38.75 million. The offering is expected to close on or about July 5, subject to customary closing conditions. Minerva intends to […]

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Bonds Generally Unchanged

Bonds Generally Unchanged

U.S. Treasury prices were knocked around unchanged Friday while stocks stalled in typical light-volume summer trade following a mix of data and a batch of Federal Reserve speakers. A mixed bag of reports showed sizable misses on both services and manufacturing Purchasing Managers’ indices (PMI) in June while the volatile new home sales data surged in May.The 30-year yield has been stuck near 2.725%, held in a tight range of […]

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Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment, a real estate investment trust. said Friday that it has priced an underwritten public offering of 4 million shares of its common stock at $4.60 per share. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 15%, or 600,000 shares of the common stock. The company said it intends to use the net proceeds […]

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Middle East Shares Mostly Higher

Middle East Shares Mostly Higher

MidEast stocks mostly advanced, with Abu Dhabi supported by gains in Dana Gas on hopes for payments from the Kurdistan Regional Government (KRG). Earlier in the week, Pearl Petroleum, a consortium involving Dana, had applied to a U.S. District Court for recognition and enforcement of awards made at the London Court of International Arbitration against the KRG. KRG has resisted legal efforts to make it pay Pearl for years and […]

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Personal Income and Spending Rise In Line

Personal Income and Spending Rise In Line

The U.S. income report revealed big, but expected, April gains of 0.4% for both income and consumption thanks to a skewing of Q1 spending toward March that raised the trajectory into Q2. There was a 0.2% “real” April consumption rise after what is now a 0.5% (was 0.2%) March surge that reflected a two-month weather-lift. There were 0.2% gains for both headline and core personal consumption expenditure (PCE) chain prices, […]

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