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Mining giant, BHP Billiton Limited (NYSE:BHP) declared that it predicts to recognize an impairment charge of around US$2B post-tax or regarding US$2.8B pre-tax against the carrying worth of its Onshore US assets as an outstanding item in the 2015 financial year results. The company noted that the gas focused Hawkville field accounts for the substantial majority of this charge reflecting its geological complexity, product mix, acreage relinquishments and amended development plans. The remainder relates to the impairment of goodwill associated with the Petrohawk acquisition. Shares of BHP Billiton Limited (NYSE:BHP) traded at $39.29 by plunging -1.65% with price volatility of 2.40% for a week and 2.27% for a month. Its beta stands at 1.63 times.
MacroGenics, Inc. (NASDAQ:MGNX) revealed that pricing of an underwritten public offering of 3.52M shares of its common stock at a public offering price of $37 a share, previous to underwriting discounts. Additionally, MacroGenics has permitted the underwriters a 30-day option to purchase up to an additional 528,750 shares of common stock. MacroGenics intends to use the proceeds of this offering to fund further expansion of its manufacturing capacity, initial development of the first few of its previously undisclosed immune checkpoint-based product candidates, further investment in the development of its current product pipeline, other research and development programs, in-licensing or acquiring other products or technologies, or for general corporate purposes, including working capital. MacroGenics, Inc. (NASDAQ:MGNX) stock has highest price of $37.44 in last session, beginning with a price of $37.07 and reported a loss of -4.49% to closed at $36.36 with a day range of $36.25-$37.44. The stock is going forward its 52-week low with 110.05% and moving down from its 52 week high price with -8.87%.
Mead Johnson Nutrition Company (NYSE:MJN) recently reported that it anticipates earnings and adjusted earnings for the second quarter of 2015 to be $0.80 per share and $0.76 per share, respectively, impacted by the sales decline and increased Advertising & Promotion expenditure. Analysts polled by Thomson Reuters currently expect the company to earn $0.89 per share on revenue decline of 0.60% for the second quarter. Analysts’ estimates typically exclude special items. Analysts currently expect the company to earn $3.93 per share on revenue growth of 0.80% for the full year 2015. Mead Johnson Nutrition Company (NYSE:MJN) stock hit highest price at $87.13, beginning with a price of $83.61 and reported a loss of -1.84% to closed at $86.51 with a day range of $83.50-$87.13.