On Thursday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), added 0.11% and closed at $107.08 in the last trading session. The last trading range of the stock ranges between $106.18 and $107.51. Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. The company also provides pay-for-performance and display marketing services through its Alimama marketing technology platform; Taobao Ad Network and Exchange (TANX), a real-time bidding online marketing exchange in China; and data administration platform through TANX for marketers to execute their campaigns with proprietary and tailored data. In addition, it offers cloud computing services, counting elastic computing, database, storage and content delivery network, large scale computing, security, and administration and application services through its Alibaba Cloud Computing platform; Web hosting and domain name registration services; payment and escrow services; and develops and operates mobile Web browsers.
Dollar General Corp. (NYSE:DG), jumped 3.11% and closed at $69.05 in the last trading session. The last trading range of the stock ranges between $66.88 and $69.11. The company’s Market capitalization is $19.15 Billion with the total Outstanding Shares of 281.74 million. Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, counting decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, in addition to socks, underwear, disposable diapers, shoes, and accessories. As of August 13, 2016, it operated 13,000 stores located in 43 states. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968.
Neptune Technologies & Bioressources-Ord (NASDAQ:NEPT), gained 22.12% and closed at $1.38 in the last trading session. The last trading range of the stock ranges between $1.14 and $1.43. During the 52-week trading session the minimum price at which share price traded, registered at $0.86 and reached to max level of $1.43. Neptune Technologies & Bioressources Inc. (“Neptune”) (NEPT)(NTB.TO) and Aker BioMarine (“Aker”) are happy to jointly declare that they have reached a broad patent cross-licensing agreement, thus ending all outstanding litigation between both companies.
Key elements of the settlement and licensing agreement:
Agreement ends all outstanding litigation, with continued access for Aker to Neptune’s composition patents, in consideration of a royalty payment of US$10 million payable over a period of 15 months.
Neptune acquires rights to use Aker’s select krill oil-related patent portfolio in consideration of a royalty payment of $US4 million payable over the same 15-month period.
“We are happy that through this agreement the integrity of each company’s Intellectual Property (IP) is recognized and puts an end to all legal challenges. Our collective focus can now be even more directed to the growth and development of the omega-3 krill oil market,” stated Jim Hamilton, President & CEO of Neptune.
“Recognition and protection of intellectual property is critical to continue to invest in innovation and R&D, which is key to driving growth in the krill oil industry. This joint patent agreement signifies the importance of respecting IP, further strengthening our position as the leading innovators in the global krill oil market,” Matts Johansen, CEO, Aker BioMarine commented.