NASDAQ Market News

What are the details? QIWI plc (Nasdaq:QIWI) (MOEX:QIWI) today announced that it has completed the acquisition of a 70% interest in the Contact money transfer system and the Rapida payment processing system in exchange for the issuance of 3,915,129 class B shares to Otkritie Financial Group pursuant to QIWI’s agreement to acquire 100% ownership of […]

What are they arguing? Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, ambitious […]

What are the details? BP and The Kansai Electric Co., Inc. (Kansai Electric) today entered into a sales and purchase agreement for liquefied natural gas (LNG), and a cooperation agreement for the purpose of exploring opportunities for business collaboration. Under the agreements, BP will provide Kansai Electric with up to 13 million tonnes of LNG […]

The share price of Avago Technologies Limited (NASDAQ:AVGO) has had its ups and downs on heavy trading today following its announcement that it had entered into an agreement to acquire semiconductor sector rival Broadcom Corp (NASDAQ:BRCM) for a sum of $37 billion in cash and stock. According to Forbes, this will be the biggest semiconductor […]

Will it be a triumph? Triumph Bancorp (Nasdaq:TBK), the holding company for Triumph Community Bank, N.A. and Triumph Savings Bank, SSB, announced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year. The combined bank will continue doing business under their current names, Triumph Community Bank and […]

Yes, they are. Metabolix, Inc. (Nasdaq:MBLX), an advanced biomaterials company focused on sustainable solutions for the plastics industry, announced today that it will effect a 1-for-6 reverse stock split previously approved by the Company’s stockholders at a special meeting held on October 30, 2014. The 1-for-6 reverse stock split will be effective as of the […]

$250 million First Lien term loan, with $202.5 million of new funds – Exchange of $69.6 million of unsecured high yield notes for $47.2 million of first lien debt Warren Resources, Inc. (Nasdaq:WRES) today announced the closing of a $250 million strategic refinancing with funds sponsored by Franklin Square Capital Partners and sub-advised by GSO […]

The big conversation in the U.S. this morning is the announcement that Charter Communications, Inc. (NASDAQ:CHTR) has entered into an agreement to merge with its bigger rival Time Warner Cable, Inc. (NYSE:TWC) and a smaller rival, Bright House Networks. Bright House is not a publicly-traded company. Some seem to be stunned that Charter and TWC […]

Will also provide marine bunker sales BP and Sinopec Fuel Oil today announce the formation of a 50:50 marine fuels bunkering joint-venture, BP Sinopec Marine Fuels Pte Ltd. Based in Singapore, one of the largest and busiest ports in the world, the joint venture will build out from its partners existing bunkering locations and activities. […]

What do they look like? Momo Inc. (Nasdaq:MOMO), a leading mobile social networking platform in China, today announced its unaudited financial results for the first quarter, 2015. First Quarter 2015 Highlights – Net revenues increased 383% year over year to $26.3 million, exceeding the Company’s guidance between $24 million and $26 million. – Net income […]