Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced that, effective immediately, Philip M. Coughlin, previously the Executive Vice President of North America, has been appointed President of Global Geographies and Operations. This position, while new in structure is not necessarily new in function. This role incorporates all geographic responsibilities which previously reported up to the Chief Executive Officer via the Company’s Geographic Presidents. This means that all geographic reporting responsibilities will report in through Mr. Coughlin, who will report directly to the Chief Executive Officer. Expeditors International of Washington (NASDAQ:EXPD) net profit margin is 8.60% and weekly performance is 6.79%. On last trading day company shares ended up $46.26. Analysts mean target price for the company is $47.54. Expeditors International of Washington (NASDAQ:EXPD) distance from 50-day simple moving average (SMA50) is 14.69%.
Banc of California, Inc. (NASDAQ:BANC), the holding company for Banc of California, National Association, announced the pricing of its offerings of 5,150,000 shares of voting common stock, par value $0.01 per share (the “common stock offering”), and 1,200,000 tangible equity units (the “units offering”) with a stated amount per unit of $50.00. The voting common stock priced at $9.78 per share, generating gross proceeds of approximately $50.4 million. The tangible equity units priced at $50.00 each, generating gross proceeds of approximately $60.0 million (of which amount the Company expects to receive equity treatment on approximately 78%). The Company expects to use the net proceeds from the offerings to consummate its previously announced acquisition of 20 California branches from Popular Community Bank and for general corporate purposes. Banc of California Inc (NASDAQ:BANC) shares advanced 2.04% in last trading session and ended the day on $9.98. Its return on assets is -0.10%. Banc of California Inc (NASDAQ:BANC) quarterly performance is -21.97%.
Fiserv Inc (NASDAQ:FISV) a leading global provider of financial services technology solutions, announced that it has been granted a patent by the U.S. Patent and Trademark Office for a customer value optimization process in its Predictive ScoresSM solution. This is the second patent that has been awarded for Predictive Scores. Fiserv Inc (NASDAQ:FISV) shares moved down -0.35% in last trading session and was closed at $59.48, while trading in range of $58.93 – $59.84. Fiserv Inc (NASDAQ:FISV) year to date (YTD) performance is 0.73 %.
Spherix Inc (NASDAQ:SPEX) an intellectual property development company committed to the fostering and monetization of intellectual property, commenced litigation against Juniper Networks, Inc. (JNPR), in the United States District Court for the District of Delaware, alleging that the Sunnyvale, California based company infringes five patents owned by Spherix. Spherix Inc (NASDAQ:SPEX) ended the last trading day at $1.54. Company weekly volatility is calculated as 25.30% and price to cash ratio as 3.90. Spherix Inc (NASDAQ:SPEX) showed a positive weekly performance of 14.93%.