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Markets
Xylem Delivers More Than 100,000 Face Shields to Front-line Workers

Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, today announced it manufactured and delivered through Xylem partners more than 100,000 protective face shields in Europe and the United States in response to the COVID-19 pandemic. The initiative leveraged internal manufacturing capabilities including three-dimensional printing and injection molding. Beginning in March, Xylem partners helped deliver the face shields to healthcare facilities on the front lines of critical care and to utilities with water operators working to keep essential services flowing in local communities. To distribute the face shields, Xylem Watermark, Xylem’s corporate social responsibility program, worked with partner organizations around the world including but not limited to: Wallace Eannace Associates helped deliver face shields to healthcare facilities in New York and New Jersey, areas hard-hit by the virus. Frank P. Langley, Co., Inc., delivered face shields to healthcare facilities in Upstate NY. Hydronic Technology, Inc. delivered PPE to healthcare facilities in their home states of Louisiana and Mississippi. James M. Pleasants Co., Inc. provided face shields to healthcare workers in North Carolina. R.L. Deppman Company delivered PPE to six health systems across Michigan and Northern Ohio. Országos Baleseti

Markets
NICE Announces Pricing of Offering of $400,000,000 of 0% Convertible Senior Notes Due 2025

NICE Ltd. (Nasdaq: NICE) (the “Company”) announced today the pricing of its previously announced offering of $400,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2025 (the “Convertible Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”). NICE also granted to the initial purchasers of the Convertible Notes an option to purchase up to an additional $60,000,0000 aggregate principal amount of the Convertible Notes within a 13-day period beginning on, and including, the initial closing date. The offering of the Convertible Notes is expected to close on August 27, 2020, subject to customary closing conditions. The Convertible Notes will not bear regular interest. The Convertible Notes will mature on September 15, 2025, unless earlier prepaid, redeemed or exchanged. The Convertible Notes will be general unsecured obligations of the Company. The Company may not redeem the Convertible Notes prior to September 21, 2023, except in the event of certain tax law changes. On or after September 21, 2023, the Company may redeem, for cash, all or part of the Convertible Notes if the last reported sale price of its ADSs has been at least 130% of the conversion price then in

Markets asset management udemy magazine
IIROC Trading Resumption – MMS

VANCOUVER, BC, Aug. 11, 2020 /CNW/ – Trading resumes in: Company: Macarthur Minerals Limited TSX-Venture Symbol: MMS All Issues: Yes Resumption (ET): 2:30 PM  IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Markets asset management udemy magazine
Australia's Digital Gift Card and Incentive Card Market, 2020-2024 – Digital Gift Card Market Set to Reach $3.2 Billion by 2024

DUBLIN, July 30, 2020 /PRNewswire/ — The “Australia Digital Gift Card (e-Gift Card) and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – COVID-19 Update Q2 2020” report has been added to ResearchAndMarkets.com’s offering. In value terms, the gift card market in Australia has recorded a CAGR of 29.6% during 2015-2019. The e-gift card industry in Australia will continue to grow over the forecast period and is expected to record a CAGR of 19.6% during 2020-2024. e-gift card market in the country is estimated to reach US$ 3,249.5 million by 2024.The socio-economic environment created by COVID-19 outbreak has accelerated growth of this segment.Adoption has increased significantly in Q2 2020, a trend expected to continue over the forecast period. Spend on e-gift card platforms by retailers is expected to increase significantly. Retailers with strong ecommerce and well established e-gift card program are expected to gain market share.This report provides a detailed data centric analysis of digital gift cards (e-gift cards) and corporate incentive cards market along with consumer behaviour and retail spend dynamics in Australia. It also provides top level market size and forecast of total spend on gift and gift cards. The report

Markets
Finlandia Vodka Selects DDB Unlimited as Global Creative Agency of Record

Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) announced today that DDB Unlimited will be the new lead strategic and creative agency for Finlandia Vodka, with Haygarth as their partner to handle shopper and retail marketing. This competitive pitch process was managed by Creativebrief.
Alexander Gorelin, Global Brand Director for Finlandia Vodka, said of the news: “We’re delighted to have appointed DDB Unlimited. We have a rich brand story at the heart of Finlandia and are confident we have found the right agency partner to tell it in a powerful, meaningful and distinctive way. DDB Unlimited displayed a great understanding of what Finlandia is about now and its heritage, and we can’t wait to start working together.”
Esther te Pas, Managing Director at DDB Unlimited said: “We’re thrilled to welcome Finlandia Vodka on board. We’re honored to use our creative and strategic thinking to help one of the world’s iconic brands refine and maintain its relevance in a world that is, quite literally, changing faster than ever before.”
With the COVID-19 outbreak and lockdown coming into effect shortly after the review began earlier this year, the brand team, alongside Creativebrief, ran the process entirely remotely.
“Running a pitch virtually was quite unusual for us and the participants, yet we’ve experienced a great level of involvement and chemistry with the agencies,” commented Daria Gladysheva, Global Brand Manager for Finlandia Vodka. “With the Brown-Forman team and stakeholders split across Amsterdam, Louisville and Helsinki, the pitching agencies spread throughout Europe, and Creativebrief based in London, the virtual process added agility and allowed to save significant time on travel.”

Joris Kang’eri, Creative Director at DDB Unlimited: “The interpersonal chemistry in a pitch is always important, but in this case it was critical, as it helped overcome the limitations that physical distance and a lack of shared space presented. For the teams from Finlandia, Haygarth and ourselves being able to naturally play off each other during brainstorms, creative sessions and reviews has set an excellent foundation for a fruitful partnership.”
Finlandia Vodka previously worked with Wieden + Kennedy London.
About Finlandia Vodka
Part of the Brown-Forman Corporation, Finlandia Vodka began their agency search, intent on driving the growth of the premium vodka brand in key international markets. A brand of deep heritage and tradition, every drop of Finlandia Vodka is and has always been produced in Finland. Launched half a century ago this year in 1970, Finlandia is built on the founding principles of Finnish nature (luonto), sustainable distillation (tislaus), and design (muotoilu). Finlandia Vodka’s exceptional smoothness and clarity can be attributed to only the finest nature’s ingredients: pure glacial spring water and Suomi barley, which offers the high-quality starch and the low content of natural oils, delivering a crisp, pure taste.
Live magnificently. Drink responsibly.Finlandia and Finlandia Vodka are registered trademarks. ©2020 Brown-Forman Finland.

About DDB Unlimited
DDB Unlimited is the first creative agency with data in its blood, combining the magic of creativity and the science of data, smoothly delivered to guarantee performance. We bring together an inspiring and diverse team of professionals in the fields of creativity, strategy, data analysis, technology, econometrics and media to craft unreasonably successful campaigns. From our home base in Amsterdam, we service a wide range of domestic and international companies including KLM Royal Dutch Airlines, LeasePlan, CarNext.com, adidas, Royal Canin, McDonald’s, Unilever, Ben, Centraal Beheer, Duyvis, HAK, Kruidvat, NVM, Riedel, Toyota and Vattenfall. DDB Unlimited is part of DDB Worldwide, which is part of the industry-leading Omnicom Group. The DDB network was founded in 1949 and comprises 200 agencies in hundreds of countries around the world.
About Haygarth
An award-winning creative agency, developing powerful and engaging brand and retail ideas. Haygarth is part of the DDB network; a division of Omnicom Group. | www.haygarth.co.uk |Haygarth works with a range of clients including Vodafone, Disney, Kraft Heinz and Brown-Forman owned Jack Daniels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200715005518/en/

Markets
Meet the 11 US billionaires whose fortunes have grown the most during the pandemic

AP Photo/Lefteris Pitarakis/REUTERS/Andreas Gebert
Many billionaires were hit hard when the coronavirus tanked markets in late February and the first half of March. However, their fortunes rebounded with the stock market in recent weeks, despite a historic surge in unemployment.
The combined wealth of a selection of US billionaires surged by $565 billion, an increase of almost 20% since the start of the pandemic, according to a report by the Institute for Policy Studies.
Chuck Collins, who co-authored the Billionaire Bonanza 2020 report, said: “In a turbulent week in the life of the nation, these statistics remind us that we are more economically and racially divided than at any time in decades.”
Collins added: “Our moral, economic and physical health as a society depends on building a post-pandemic economy that works for everyone, not just the billionaire class. Surging billionaire wealth juxtaposed with the suffering and plight of millions undermines the social solidarity required for us to recover together in the years ahead.”
Here are the increases in 11 US billionaires’ wealth between March 18 and June 4, based on figures from the Institute for Policy Studies and net-worth estimates from Forbes.

Jeff Bezos, CEO of Amazon
AP Photo/Lefteris Pitarakis
Increase: $36.2 billion
Total wealth: $149 billion

Mark Zuckerberg, CEO of Facebook
Charles Platiau/Reuters
Increase: $30.1 billion
Total wealth: $84.8 billion

Elon Musk, CEO of Tesla and SpaceX
Joe Rogan Experience
Increase: $14.1 billion
Total wealth: $38.7 billion

Sergey Brin, co-founder of Google
AP Photo/Paul Sakuma
Increase: $13.9 billion
Total wealth: $63.0 billion

Larry Page, co-founder of Google
Reuters
Increase: $13.7 billion
Total wealth: $64.6 billion

Steve Ballmer, owner of the LA Clippers and former CEO of Microsoft
Mark Blinch/Reuters
Increase: $13.3 billion
Total wealth: $66.0 billion

MacKenzie Bezos, author and ex-wife of Amazon founder Jeff Bezos
REUTERS/Lucas Jackson
Increase: $12.6 billion
Total wealth: $48.6 billion

Michael Bloomberg, majority owner and co-founder of Bloomberg
AP
Increase: $12.1 billion
Total wealth: $60.1 billion

Bill Gates, co-founder of Microsoft
REUTERS/Jason Lee
Increase: $11.8 billion
Total Wealth: $110 billion

Phil Knight, co-founder and chairman of Nike
Frederick M. Brown/Getty Images
Increase: $11.6 billion
Total wealth: $41.1 billion

Larry Ellison, co-founder, executive chairman and CTO of Oracle
Justin Sullivan/Getty Images
Increase: $8.5 billion
Total wealth: $67.5 billion

Markets
These 25 under-the-radar companies have been neglected for years — but BTIG says that makes them tempting M&A targets with big stock upside

Getty Images / Carl Court
The beginning of a new bull market means big opportunities among small companies, according to Julian Emanuel of BTIG. 
He’s looking for the most dramatic of those opportunities, examining companies that went public in the last 11 years, are trading below their IPO prices, and have dropped 50% from a recent high.
He says the companies are also potential buyout targets based on their histories with private equity or venture capital backers. 
Visit Business Insider’s homepage for more stories.
The worst-case scenario for a company that’s going public might look something like this: Setbacks, disappointments, losses, and then a global economic catastrophe.
But there’s always hope their luck will change. Julian Emanuel — the chief equity and derivatives strategist at BTIG — is looking for some of the most appealing turnaround stories, and he thinks those serial underperformers are a good place to start.
Small companies like these get hit hard when the market tumbles, but they tend to outperform as a new bull market begins. And Emanuel is looking at some of the worst-performing small-company stocks that have gone public since 2009.  

But that’s not the only thing working in their favor. He’s zeroing in on companies that have a history with private equity or venture capital backers who could look to take advantage by acquiring the company. That would turn around some of that historic poor performance in a hurry.
In a note to clients, Emanuel points out that those private equity firms might be more willing to make a deal with these companies because they’re still run by their founders, or by the same CEO who was in charge at the time of the company’s IPO.
To narrow his targets further, he’s looking for companies that still have positive shareholder equity, or enough assets to cover their debts. 
Bringing together all of those factors, Emanuel says he’s found a group of struggling stocks present real opportunities as the market heals or as potential buyers swoop in. He’s come up with 25 founder- or veteran-CEO-run companies all valued at $2 billion or less that have fallen since their IPOs and are down 50% from their latest highs.
The companies are ranked from lowest to highest based on how much their stock prices have fallen from those highs. All of those values are calculated based on their closing prices on May 9.

25. MeiraGTx Holdings
Markets Insider
Ticker: MGTX
Sector: Healthcare
Since IPO: -4.5%
Since all-time high: -52.6%

Source: BTIG
24. Athenex
Markets Insider
Ticker: ATNX
Sector: Healthcare
Since IPO: -9.9%

Since all-time high: -52.6%
Source: BTIG
23. The RealReal
Markets Insider
Ticker: REAL
Sector: Consumer discretionary

Since IPO: -30.4%
Since all-time high: -53.7%
Source: BTIG
22. Sonos
Markets Insider
Ticker: SONO

Sector: Consumer discretionary
Since IPO: -30.1%
Since all-time high: -55.6%
Source: BTIG
21. Warrior Met Coal
Markets Insider

Ticker: HCC
Sector: Materials
Since IPO: -23.2%
Since all-time high: -56.7%
Source: BTIG

20. Kala Pharmaceuticals
Markets Insider
Ticker: KALA
Sector: Healthcare
Since IPO: -24.7%
Since all-time high: -57.8%

Source: BTIG
19. QuinStreet
Markets Insider
Ticker: QNST
Sector: Communication services
Since IPO: -29.9%

Since all-time high: -57.8%
Source: BTIG
18. Elf Beauty
Markets Insider
Ticker: ELF
Sector: Consumer staples

Since IPO: -20.7%
Since all-time high: -58.6%
Source: BTIG
17. Mersana Therapeutics
Markets Insider
Ticker: MRSN

Sector: Healthcare
Since IPO: -34.6%
Since all-time high: -59.1%
Source: BTIG
16. Homology Medicines
Markets Insider

Ticker: FIXX
Sector: Healthcare
Since IPO: -20.7%
Since all-time high: -60.1%
Source: BTIG

15. AC Immune
Markets Insider
Ticker: ACIU
Sector: Healthcare
Since IPO: -29.6%
Since all-time high: -61.2%

Source: BTIG
14. Akebia Therapeutics
Markets Insider
Ticker: AKBA
Sector: Healthcare
Since IPO: -29.5%

Since all-time high: -61.4%
Source: BTIG
13. Kadmon Holdings
Markets Insider
Ticker: KDMN
Sector: Healthcare

Since IPO: -63.5%
Since all-time high: -62.7%
Source: BTIG
12. Zuora
Markets Insider
Ticker: ZUO

Sector: Information technology
Since IPO: -19.6%
Since all-time high: -70.2%
Source: BTIG
11. Revolve Group
Markets Insider

Ticker: RVLV
Sector: Consumer discretionary
Since IPO: -27.6%
Since all-time high: -73.1%
Source: BTIG

10. Avrobio
Markets Insider
Ticker: AVRO
Sector: Healthcare
Since IPO: -24.4%
Since all-time high: -73.2%

Source: BTIG
9. Evolent Health
Markets Insider
Ticker: EVH
Sector: Healthcare
Since IPO: -58.4%

Since all-time high: -73.6%
Source: BTIG
8. Eventbrite
Markets Insider
Ticker: EB
Sector: Communication services

Since IPO: -55.3%
Since all-time high: -74.5%
Source: BTIG
7. Ardelyx
Markets Insider
Ticker: ARDX

Sector: Healthcare
Since IPO: -47.3%
Since all-time high: -79.2%
Source: BTIG
6. G1 Therapeutics
Markets Insider

Ticker: GTHX
Sector: Healthcare
Since IPO: -4.2%
Since all-time high: -79.3%
Source: BTIG

5. Liberty Oilfield Services
Markets Insider
Ticker: LBRT
Sector: Energy
Since IPO: -72.3%
Since all-time high: -80.3%

Source: BTIG
4. Rubius Therapeutics
Markets Insider
Ticker: RUBY
Sector: Healthcare
Since IPO: -73.0%

Since all-time high: -81.2%
Source: BTIG
3. Quotient Technology
Markets Insider
Ticker: QUOT
Sector: Consumer discretionary

Since IPO: -61.9%
Since all-time high: -81.5%
Source: BTIG
2. Fitbit
Markets Insider
Ticker: FIT

Sector: Information technology
Since IPO: -66.6%
Since all-time high: -87.1%
Source: BTIG
1. GoPro
Markets Insider

Ticker: GPRO
Sector: Consumer discretionary
Since IPO: -85.6%
Since all-time high: -96.5%
Source: BTIG

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