Oi SA (ADR)(NYSE:OIBR) on Apr. 3 announces to its shareholders and the market in general that it filed the preliminary prospectus supplement relating to the Offering with the U.S. Securities and Exchange Commission on the date hereof. The Offering may initially consist of 1,917,028,657 common shares and 3,834,057,315 preferred shares, totaling 5,751,085,972 shares, including shares in the form of American Depositary Shares, represented by American Depositary Receipts. The number of shares initially offered, not considering the exercise of the Hot Issue, may be increased, at the option of the lead coordinator, by up to 15%, or 287,554,298 common shares and 575,108,597 preferred shares, totaling 862,662,895 shares, in order to fulfill subsequent demand for the Offering. Oi SA (ADR)(NYSE:OIBR) shares after opening at $1.14 moved to $1.15 on last trade day and at the end of the day closed at $1.15. Company price to sales ratio in past twelve months was calculated as0.14. Oi SA (ADR)(NYSE:OIBR) showed a negative weekly performance of -21.77%.
YAMANA GOLD INC.(NYSE: AUY) announced it has received commitments for a two year US$750 million (C$827 million) senior unsecured term facility. The facility is for corporate and working capital purposes, including the Osisko Mining Corporation (“Osisko”) acquisition, and is available for draw down provided that the Osisko transaction closes prior to July 31, 2014. Yamana Gold Inc. (USA)(NYSE:AUY) shares fell -4.30% in last trading session and ended the day on $8.02. AUY return on equity ratio is recorded as -5.80% and its return on assets is -3.80%. Yamana Gold Inc. (USA)(NYSE:AUY) yearly performance is -25.95%.
Corinthian Colleges (NASDAQ:COCO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm currently has a $1.70 price target on the stock. Zacks‘s price objective suggests a potential upside of 25.93% from the company’s current price. Corinthian Colleges Inc (NASDAQ:COCO) shares moved down -3.82% in last trading session and was closed at $1.26, while trading in range of $ 1.25 – 1.31.Corinthian Colleges Inc (NASDAQ:COCO) year to date (YTD) performance is -29.21%.
Spherix Inc (NASDAQ:SPEX) has reportedly sued Cisco over allegations of patent infringement by Cisco of 11 patents owned by Spherix Inc, which it had acquired from Nortel Networks. Spherix contends that the patent infringements undertaken by Cisco account for its earnings equivalent to $43 billion, which in earned through its sales of switches and routers in the U.S. Spherix says that it had acquired the rights in the patents, which have been infringed by Cisco Systems, Inc. (NASDAQ:CSCO), in the previous year by purchasing them from the bankrupt Canadian Company. Nortel Networks invented the Intellectual property, says Spherix. Spherix Inc (NASDAQ:SPEX) weekly performance is -23.28%. On last trading day company shares ended up $1.78. Spherix Inc (NASDAQ:SPEX) distance from 50-day simple moving average (SMA50) is -57.80%. Analysts mean target price for the company is $1.00.