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Play from Briefing. Ruby Tuesday schedules Annual Meeting of Shareholders on December 6 (in light of the ongoing strategic review process) (RT) : If a shareholder of the Company intends to nominate a person for election to the Board or to propose other business for consideration at the Annual Meeting, notice must be delivered to the Company by September 7, 2. Top Ships received written notification from The Nasdaq for bid price noncompliance; intends to cure the deficiency within the prescribed grace period (TOPS) : The Company intends to monitor the closing bid price of its common stock between now and December 2. Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1. MBIA's National Public Finance Guarantee believes the Financial Oversight and Management Board for Puerto Rico has violated PROMESA by authorizing a Title III bankruptcy filing by PREPA (MBI) : The stock market was on track to end Friday on its session high, but quarter- end selling during the final minutes of the action knocked the key indices off their afternoon highs. The S& P 5. 00 added 0. Nasdaq Composite (- 0. Shielded from this week's underperformance in technology, the Dow Jones Industrial Average (+0. Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default.The S& P 5. 00 ended the second quarter with a gain of 2. Dow climbed 3. 3% and Nasdaq advanced 3. Equity indices began the day with modest gains that were a by- product of relative strength in groups like consumer discretionary (+0. The three influential groups reluctantly followed the market higher in the afternoon, but a wave of selling in the final minutes of the session knocked the market to lows. The discretionary sector received an early boost from NIKE (NKE 5. The company issued cautious revenue guidance for the first quarter, but its top- line outlook for the full year was in line with expectations. In addition to reporting results, NIKE announced a pilot program to begin selling its products on Amazon (AMZN 9. Shares of NIKE soared 1. Dow Jones Industrial Average spend the day ahead of its peers. Apparel retailers had a good showing overall and the SPDR S& P Retail ETF (XRT 4. Like the discretionary sector, industrials outperformed throughout the day. Transport stocks fueled the rally as the Dow Jones Transportation Average climbed 0. June gain to 4. 4%. The energy sector (+0. WTI crude gained 7. The lightly- weighted materials sector (+0. Technology saw an intraday gain, which vanished during the late- afternoon slide. Micron (MU 2. 9. 8. The broader PHLX Semiconductor Index fell 0. Treasuries held modest losses in morning action before retreating into the close. The benchmark 1. 0- yr yield rose three basis points to 2. Economic data included Personal Income/Spending, Chicago PMI, and Michigan Sentiment: Monday's economic data will feature the 1. ET release of May Construction Spending and June ISM Index while June auto and truck sales will be reported throughout the abbreviated session, which will end at 1. ET. The stock market endured some volatility, which resulted in a lower finish for the major indices. Relative weakness among technology stocks sent the Nasdaq Composite down 2. S& P 5. 00 surrendered 0. The price- weighed Dow Jones Industrial Average (- 0. The influential financial sector opened the week on a positive note, ending its four- session losing streak with a gain of 0. However, negative performances from the heavily- weighted technology and health care groups mitigated the bullish influence of financials, leaving the benchmark index just a tick above its unchanged mark. Meanwhile, crude oil registered its third- consecutive win, climbing 0. Things got a bit more interesting on Tuesday, especially in the global bond market, where sovereign yields jumped after European Central Bank President Mario Draghi provided an upbeat assessment of eurozone inflation and growth trends. The financial group outperformed, once again, amid a steepening of the yield curve, but the ten remaining sectors finished in the red with the technology group pacing the retreat. The midweek session brought some relief as investors bought the dip and put the S& P 5. The financials and technology sectors led the charge, but strength was broad- based with nine sectors settling in the green. The improvement in risk sentiment came after the ECB said that Mr. Draghi's Tuesday remarks were misinterpreted as hawkish while they were meant to strike a balance. However, longer- dated Treasuries and German bunds held their ground. The relief rally didn't last long as the market reversed and set a fresh low for the week on Thursday. The technology sector fell to heavy profit- taking, dropping 1. Selling was broad- based with only the financials and energy spaces escaping the session with wins. Banks underpinned the financial group after the Federal Reserve approved the capital plans of all 3. Thursday also saw more selling in the global bond market. Treasuries tumbled in a curve- steepening trade while German bunds slid following hotter than expected inflation data out of Germany. Friday's session featured a weak rebound in the broader market, as financials, health care, and technology struggled. NIKE (NKE) surged more than 1. The fed funds futures market still points to the December FOMC meeting as the most likely time for the next rate- hike announcement with an implied probability of 5. Pacific Coast Oil Trust announced July cash distribution of $0. ROYT) : 4: 1. 7 pm Terra. Form Power announces extensions to regain Nasdaq compliance (TERP) : Under these extensions, the Company's Class A common stock will remain listed on the Nasdaq Stock Market, subject to the requirement that the Company's Form 1. K for the year ended December 3. SEC by July 2. 4, 2. August 2. 4, 2. 01. Form 1. 0- Q for the first quarter of 2. SEC by August 3. 0, 2. Form 1. 0- Q for the second quarter of 2. SEC by September 3. In addition, the Company is required to provide the Nasdaq Hearings Panel, by July 1. Company's financial statements for the fiscal year ended December 3. The Nasdaq Hearings Panel may reconsider the terms of the above extensions following its review of this additional information or based on any other relevant event, condition or circumstance. U. S. Steel has finalized agreement with Bedrock for the sale and transition of ownership of U. Steel Canada (following requisite court and other approvals) (X) : As part of the transition in ownership, U. Steel will continue to provide certain transition services to USSC and entered an agreement to supply USSC with all of its requirements for iron ore pellets through January 3. Dorchester Minerals consummated acquisition of mineral, royalty and overriding royalty interests located in six counties in Texas from multiple parties (DMLP) : The properties consist of 1,8. Glasscock, Howard, Martin, Midland, Reagan and Upton Counties, Texas. Approximately 7. 5% of the total net royalty acres are located in the northwestern quarter of Reagan County and substantially overlap with the Partnership's existing position. The contributing entities conveyed their interests to DMLP in exchange for 1,6. Barracuda Networks Co- Founder, Chief Marketing Officer and Executive Vice President Michael Perone will step down as CMO as of June 3. Erin Hintz joins as Chief Marketing Officer (CUDA) : Michael Perone will remain on the company's Board of Directors and will continue to assist with strategic and emerging technology investments and opportunities. Erin Hintz, most recently CMO at Urban Airship, will join Barracuda as senior vice president and chief marketing officer. Erin Hintz will join Barracuda as senior vice president and chief marketing officer, responsible for the company's market growth strategy, demand generation, communications, and corporate marketing. She brings more than 2. CMO at Urban Airship. Diana Containerships announces 1: 7 reverse stock split - - will begin trading on a split- adjusted basis as of the opening of trading on or around July 5 (DCIX) : 4: 0. Chart Industries to acquire Hudson Products for $4. GTLS) : Hudson operates in the North Americanin air- cooled heat exchangers and a global leader in axial flow cooling fans market. Hudson is expected to generate net sales of ~$2. The transaction will be funded by Chart's available cash on hand and debt under its current credit facility. Management expects the transaction to be accretive to adjusted earnings per share in the first full year after closing. Annual cost synergies of ~$7 million are expected to be realized within two years after closing. The transaction is expected to close during the third quarter 2. Intellipharmaceutics Intl announces that a joint meeting of the Anesthetic and Analgesic Drug Products Advisory Committee and Drug Safety and Risk Management Advisory Committee of the FDA has been scheduled for July 2. Co's NDA for Rexista. TM abuse- deterrent oxycodone hydrochloride extended release tablets (IPCI) : 4: 0. Helix Energy has entered into a credit agreementin the amount of $2. HLX) : The proceeds from the term loan as well as cash on hand were used to repay the approximately $1. The key features of the amended and restated credit facility include: 3 year term $1. Initial pricing at the base rate plus 3. LIBOR plus 4. 25 basis points, with an undrawn fee of 5. AZZ acquires the assets of Enhanced Powder Coating for an undisclosed sum; co anticipates the acquisition of EPC will be accretive to earnings within the first year of operation (AZZ) : Enhanced Powder Coating Ltd. Middleby acquires CVP Systems and Sveba Dahlen Group (MIDD) : Sveba, headquartered in Sweden, develops and manufactures ovens and baking equipment for the commercial foodservice and industrial baking industries. The company markets its products under three leading brands, Sveba Dahlen, Glimek, and Bear Varimixer. The combined group has approximately $6. CVP Systems, is a manufacturer of high- speed packaging systems for the meat processing industry.
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