Auris Medical Says Lincoln Park Capital Fund Will Subscribe For up to $15 Mln in Shares

Auris Medical Says Lincoln Park Capital Fund Will Subscribe For up to $15 Mln in Shares

Auris Medical (EARS), a a Swiss biopharmaceutical company, said Wednesday it has executed two share purchase agreements for up to $15 million with Lincoln Park Capital Fund. Under the deal, Auris may require the Chicago-based institutional investor to subscribe for up to $13.5 million of its common shares at market prices. Share subscriptions may take place over a 30-month period after the registration statement is declared effective by the SEC. […]

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Hong Kong Hang Seng Slips After Chief Executive Speech Fails To Address Land Issues

Hong Kong Hang Seng Slips After Chief Executive Speech Fails To Address Land Issues

The Hong Kong Hang Seng Index Wednesday opened higher, but then slipped on soft property stocks after Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor’s initial policy speech did not detail land-development measures, such as rezoning farmland to residential uses. Homebuilders in particular fell. Hong Kong is regarded as having some of the world’s most-expensive housing, especially in relation to incomes. In other news, the International Monetary Fund pegged mainland […]

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Bund Yields Recover Earlier Losses

Bund Yields Recover Earlier Losses

Bund yields recovered earlier losses and are slightly higher on the day. Bunds have been underperforming throughout the day, as Spanish secession fears eased and Spanish markets bounced back. This saw Spanish bond yields leading a wider decline in peripherals, especially after the successful Spanish bond auction. At the same time, the reversal of intra-Eurozone safe haven flows saw Bunds underperforming Thursday and the German 10-year is now up 0.2 […]

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Bond Prices Spin Lower as Data Improves

Bond Prices Spin Lower as Data Improves

U.S. Treasury prices reversed lower Thursday following a run of data capped by a rise in factory orders, better jobless claims and a narrowed trade deficit. Prices were pressured further with the five-year hit hardest in slowing volumes as Federal Reserve speakers continued to opine that further rate increases appear appropriate and express concerns over inflation. The market is expected to be kept in a relatively tight leash ahead of […]

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Kirkland’s Fiscal Q2 Results Beat Street Expectations

Kirkland’s Fiscal Q2 Results Beat Street Expectations

Kirkland’s, a specialty retailer, reported Tuesday fiscal Q2 net loss of $0.24 per share, compared to a net loss of $0.22 per share in the prior year period. Capital IQ provided a Street consensus of $0.29 loss per share. Net sales for the quarter ended July 29 were $131.7 million, up from $123 million reported for the same period last year. The Street estimate was for revenues of $125.4 million. […]

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