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5:50 am European Markets : FTSE...6999.52...+4.40...+0.10%. DAX...11809.03...-44.30...-0.40%. 5:50 am Asian Markets : Nikkei...20196.56...+170.20...+0.90%. Hang Seng...27585.05...-108.50...-0.40%. 3:49 am On The Wires (:WIRES) : - Alibaba.com, the platform for global wholesale trade owned by Alibaba Group (BABA), launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.
- Norwegian Cruise Line (NCLH) announced that the Norwegian Dawn had a temporary malfunction of its steering system, causing the ship to sail slightly off course as the ship was departing Bermuda, resulting in the vessel making contact with the sea bed. All guests and crew are safe and there were absolutely no injuries. The ship's officers, engineers and an independent dive team have confirmed the structural integrity of the ship. )-- Canon (CAJ) announces two new additions to its portfolio of Canon Image Stabilizer binoculars with the 10x30 IS II and 12x36 IS III.
- Disney (DIS) Store opened the doors of its flagship store in Lujiazui area of Pudong, Shanghai, China. The landmark store is the largest retail space of any Disney Store in the world featuring 5000 square meters of immersive shopping experiences and innovative product, and also features an outdoor plaza.
- Constellium N.V. (CSTM) announces its AIRWARE technology was aboard Orion's successful first flight test, Exploration Flight Test-1 (EFT-1).
- Built by Lockheed Martin (LMT), NASA's Orion spacecraft is designed for human exploration of deep space.
3:20 am On The Wires (:WIRES) : - Blizzard Entertainment (ATVI) and NetEase (NTES) jointly announced that the Nexus portal is wide open to heroes everywhere, as open beta testing for Heroes of the Storm, its brand-new free-to-play online team brawler for Windows PC, is now live in China.
- Equinix (EQIX) announced that Azure ExpressRoute has deployed into its Melbourne data center, ME1. As of today, Equinix enables Melbourne businesses to be able to directly connect with Microsoft Azure through the ME1 International Business Exchange data center.
- Bright Horizons Family Solutions (BFAM) announced it has acquired Pennsylvania-based Hildebrandt Learning Centers, welcoming its centers, staff and leaders to the Bright Horizons family along with the children, families, and clients they serve. The acquisition closed on May 19, 2015, and financial terms were not disclosed.
- Consolidated-Tomoka Land (CTO) announced the acquisition of a 23,329 square-foot property situated on 2.46 acres in Glendale, Arizona for ~$8.6 million.
2:29 am UBS resolves FX matter with DOJ; fined $342 mln; no financial impact on 2Q 2015 results (UBS) : UBS announced that it has approved entering into resolutions with the US Department of Justice DOJ, the Board of Governors of the Federal Reserve System and the Connecticut Department of Banking in their investigations of the global foreign exchange markets. This follows the firm's resolutions last November with the Swiss Financial Market Supervisory Authority, UK Financial Conduct Authority and the US Commodity Futures Trading Commission.
- Firm faces no criminal charges and no DOJ fine on FX
- UBS granted conditional immunity from prosecution for FX by Antitrust Division of DOJ
- DOJ to terminate 2012 LIBOR NPA requiring UBS AG to plead guilty on legacy LIBOR conduct and pay USD 203 million
- Payment to Board of Governors of the Federal Reserve System of $342 million
- UBS fully provisioned for these resolutions; no financial impact on 2Q 2015 results
2:11 am Integrated Silicon receives letter from Starboard Group; Starboard disappointed ISSI Board does not appear to be doing everything in its power to negotiate the best possible deal for shareholders (ISSI) : Starboard Value LP, the largest shareholder of Integrated Silicon Solution, with ownership of approximately 11.5% of the Company's outstanding common stock, today announced that it has delivered a letter to the independent members of ISSI's Board of Directors. The major points of the letter are as followed:
- Extremely disturbed to learn that ISSI is frustrating Cypress Semiconductor's (CY) attempts to conduct customary due diligence
- Disappointed ISSI Board does not appear to be doing everything in its power to negotiate the best possible deal for shareholders
- Currently intends to vote against ISSI's Merger with the Buyer Consortium at the June 3 Special Meeting and commence a consent solicitation to remove and replace a
- Majority of the ISSI Board in the event the board fails to immediately take the following actions:
- Announce it has formed a special committee of independent directors to oversee all further deal negotiations without undue influence from management
- Enter into an appropriate confidentiality agreement with Cypress
- Confirm that cypress will be provided reasonable access to information it may require and cooperation from management.
1:33 am Interactive Intelligence prices $150.0 mln of its 1.25% Convertible Senior Notes due 2020 (ININ) : 1:31 am Sociedad Quimica y Minera misses by $0.04; misses on revs (SQM) : Reports Q1 EPS of $0.27 vs $0.31 Capital IQ consensus; revs increased 27% YoY to $387.5 mln vs $532.5 mln consensus.
- In the industrial chemical business line, co sees very positive signs in the solar salt business, and expect to move forward some sales anticipated for 2016 to 2015.
- This shift should bring sales volume expectations for 2015 to over 75,000 metric tons, an increase of over 50,000 metric tons when compared to last year.
1:21 am Momenta Pharma prices 7,250,000 shares of common stock at $19.00 per share (MNTA) : 1:18 am Energy Transfer Equity prices $985 mln of 5.500% senior notes due 2027 (ETE) : 1:15 am Deutsche Post divests 4.16% stake in Sinotrans (DPSGY) : Co announced that it has reduced its financial holding in Sinotrans Ltd. of 5.16% of total issued shares (equivalent to 11.07% of issued H-shares) by disposing 191,400,000 H-shares representing about 4.16% of the number of total issued shares (equivalent to 8.92% of number of issued H-shares). 1:03 am NiSource unit Columbia Pipeline Group, prices $2.75 bln of Senior Notes (NI) : Co announced the pricing of $2.75 billion in aggregate principal amount of 2.45% senior unsecured notes due 2018, 3.30% senior unsecured notes due 2020, 4.50% senior unsecured notes due 2025 and 5.80% senior unsecured notes due 2045
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