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Investors Land OCLR Even Cheaper Than Its Secondary Stock Offering

Looking back to 20 days ago, Oclaro Inc. (NASD: OCLR) priced a 15,000,000 share secondary stock offering at $8.35 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Tuesday, bargain hunters could buy shares of OCLR and achieve a cost basis 1.4% cheaper than those buyers, with shares changing hands as low as $8.23 per share.
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The Spanish lender is exposed to a tough market in Brazil, but its loan losses remain contained.
In a restricted trade, the rupee today ended almost flat at 66.83, a marginal 1 paisa drop against the American currency, amid month-end dollar demand from importers. The domestic currency opened s..
Key Tata Group firms lost over ? 10,000 crore for the second day today, extending the total erosion in market capitalisation to more than Rs 21,000 crore following Cyrus Mistry’s ouster as Tata Group
The Coca-Cola Company is scheduled to report Q3 results on October 26, and as has been the case through the first half of this year, negative currency translations and structural impacts are expected
Santander UK saw its third quarter pretax profits fall to £477m, down from £496m at the same stage last year. But Metro Bank posted a third quarter profit of £600,000 after a £3.4m loss in the secon
Market sentiment is looking up and the prices have more or less stabilised due to good monsoon this year, says GJF chairman
Around mid session, the FTSE 100 index was down 69.3 points, or 1.0 per cent at 6,948.3, just above the day’s low of 6,941.54, having closed 31.24 points higher yesterday.
Antofagasta has slumped following a disappointing production update. Should investors be braced for further weakness?
The rupee was trading a tad strong at 66.81 on dollar selling by banks and exporters. Forex dealers said that besides sustained selling of the greenback by banks and exporters, dollar’s weakness a...
The Sensex and Nifty fell nearly one per cent at the closing session, dragged down by financial stocks such as Axis Bank after the lender reported a quarterly profit slump, with weak global cues furt
Investors have lost more than Rs 25,000 crore in Tata Group companies during past two trading days
Equity benchmarks fell for the second consecutive session with the Sensex shedding more than 300 points intraday Wednesday, weighed by global cues, asset quality concerns and Tata Group stocks.
Axis Bank emerged as the top loser after weak Q2 earnings while Tata group shares extended losses
Solid profits from Nintendo’s stake in Pokémon Go is further proof that mobile gaming—not consoles—is the company’s future.
Around mid morning, the FTSE 100 index was down 68.2 points, or 1.0 per cent at 6,949.4, just off the session low of 6,941.54, having closed 31.24 points higher yesterday.
State-owned LIC has picked up more than half of the NBCC shares sold by the government in the Rs 2,218-crore disinvestment. LIC’s stake in the state-run construction firm has gone up to 8.11 per cent
China faces a broad dilemma: how to manage a huge debt mound while maintaining loose monetary policy.
The Sensex and Nifty were trading down by nearly one per cent, dragged lower by financial stocks such as Axis Bank after the lender reported a quarterly profit slump, with weak global cues further we
The stock dipped 8% to Rs 1,055 after the EBITDA margin declined 62 basis points to 9.7% in Q2FY17.
Lloyds is by far the worst affected by the PPI scandal, and said - as part of its third quarter trading update - that it would take a further hit.
Benchmark indices extended losses with the Sensex falling 284.44 points or 1.01 percent to 27806.98 and the Nifty down 80.55 points or 0.93 percent at 8610.75.
European equities edged lower on Wednesday as investors digested a slew of earnings reports, with commodity-related stocks and British bank Lloyds under pressure, though well-received results from Sa
Benchmark indices extended losses with the Sensex falling 284.44 points or 1.01 percent to 27806.98 and the Nifty down 80.55 points or 0.93 percent at 8610.75.
Bharti Airtel and Idea Cellular were among the top gainers in an otherwise weak market
Bharti Airtel, Hero MotoCorp, Maruti, Bajaj Auto and MM are top gainers while Axis Bank, ICICI Bank, Adani Ports, Tata Motors and Wipro are losers in the Sensex.
In the US overnight, earnings disappointed investors, particularly Apple which posted its first full-year decline in revenue since 2001. Shares in the technology giant were down over 2.7 percent in
The stock dipped 8% to Rs 374 after the company reported 29% YoY drop in its consolidated net profit at Rs 338 crore in Q2FY17.
The Australian dollar was an outperformer on Wednesday, bucking a broad risk averse environment in global markets, helped by a better-than-expected inflation reading that dented the chances of an int
Nifty 50 October Futures (8,637)The Nifty futures contract started the session on a negative note with a gap-down, opening at 8,662 on weak global cues due to plunging oil prices. The selling pressur
The Sensex and Nifty were trading down by nearly one per cent, dragged lower by financial stocks such as Axis Bank after the lender reported a quarterly profit slump, with weak global cues further we
In opening deals, the FTSE 100 index was down 25.7 points, or 0.4 per cent at 6,992.0, having closed 31.24 points higher yesterday as commodity stocks rebounded with a rally in oil prices.
Tracking a firm trend in the precious metals overseas, silver prices traded higher by Rs 97 at Rs 42,512 per kg at the futures trade today as speculators raised their bets.At the Multi Commodity Exch
Gold prices were up by 0.16 per cent at Rs 29,989 per 10 gram at the futures trade today as speculators widened their positions amid a firm global trend.At the Multi Commodity Exchange, gold for deli
The stock rallied 6% to Rs 115, extending its previous day's 9% surge on BSE.

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