Equities Futures Near Flat After Another Record

Equities Futures Near Flat After Another Record

US equities futures were hovering around unchanged early Thursday after the benchmark indices touched new records Wednesday. Overseas, investors are watching Spain and the fallout from Catalonia’s independence vote. Minutes from the last European Central Bank meeting are released Thursday. The US dollar was off against the euro, the Japanese yen and the Canadian dollar but higher against the pound sterling. – The S&P 500 future was down 0.09% recently, […]

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Organovo Holdings Preliminary Fiscal Q2 Sales Slip From Year Ago & Lag Forecast

Organovo Holdings Preliminary Fiscal Q2 Sales Slip From Year Ago & Lag Forecast

Organovo Holdings (ONVO) reported late Wednesday preliminary fiscal Q2 total revenue is expected to be between $1.3 million and $1.4 million. At the midpoint, this result reflects a 2% decrease from a year ago and a 36% surge sequentially. The average analyst forecast for the sales is $1.46 million. Shares gained 1.5% in after-hours trading. The company said in a statement it sees a strong possibility of one or more […]

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MutualFirst Financial and Universal Bancorp Sign Merger Deal to Expand Footprint in Central & Southern Indiana

MutualFirst Financial and Universal Bancorp Sign Merger Deal to Expand Footprint in Central & Southern Indiana

MutualFirst Financial (MFSF) and Universal Bancorp said late Wednesday they signed an agreement pursuant to which Universal will be merged into MutualFirst, with MutualFirst being the surviving entity. The cash and stock transaction is valued at about $65.6 million. After the close, BloomBank, a wholly owned subsidiary of Universal, will merge into MutualFirst’s wholly owned bank subsidiary, MutualBank, according to a statement. The merger is expected to be accretive to […]

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Globalstar to Sell $125 Mln in Shares of Voting Common Stock

Globalstar to Sell $125 Mln in Shares of Voting Common Stock

Globalstar (GSAT), a provider of mobile satellite voice and data services, said after market close on Wednesday that it has begun an offering of $125 million in shares of voting common stock in a registered underwritten public offering. Globalstar will grant the underwriters a 30-day option to buy up to $18.75 million in additional shares of voting common stock. This offering is made to satisfy a requirement relating to the […]

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Equities Build on Rallies in US With More Record Highs

Equities Build on Rallies in US With More Record Highs

Markets in the US ended firmer, with gains in all indices sending them to record highs for another day as economic data bolstered investor sentiment and helped reverse earlier losses. Utilities surged 1.1% to post the best increase on the Standard & Poor’s 500, with six of the 11 sectors gaining. On the downside, financials fell 0.3% and energy shed 0.1% as crude oil prices decreased. While the gains weren’t […]

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