Top Stories: Bank of New York Mellon Corporation (NYSE:BK), Rackspace (NYSE:RAX), Can-Fite BioPharma Ltd. (NYSEMKT:CANF), REEDS (NYSEMKT:REED), Resolute Forest Products (NYSE:RFP)

Technology Stocks News 13

The diversified global financial services provider, The Bank Of Yew York Mellon Corporation (NYSE:BK) disclosed that the Britain’s regulator is probing the system of protection in place as far as the assets are concerned. The move is reportedly to safeguard the clients’ interests. The Bank of New York Mellon Corporation (NYSE:BK) belongs to Financial sector. Its net profit margin is 79.50% and weekly performance is -1.36%. On last trading day company shares ended up $38.42. The Bank of New York Mellon Corporation (NYSE:BK) distance from 50-day simple moving average (SMA50) is 3.39%.

Rackspace Hosting, Inc. (NYSE:RAX), which has been at the center of months of wild M&A speculation, gave investors little of what they really wanted to hear in the company’s quarterly earnings report. The cloud hosting provider said Monday it was taking the lead in a new category of premium cloud services, but refused to provide an update on the “strategic partnership” it hired Morgan Stanley to explore in May. Rackspace Hosting, Inc. (NYSE:RAX) shares decreased -5.78% in last trading session and ended the day at $29.50. RAX Gross Margin is 67.40% and its return on assets is 7.60%. Rackspace Hosting, Inc. (NYSE:RAX) quarterly performance is -1.27%.

Can-Fite BioPharma Ltd. (NYSEMKT:CANF), a biotechnology company with a pipeline of proprietary small molecule drugs that address inflammatory and cancer diseases, announced today new data from a retrospective analysis of its autoimmune disease advanced trials that shows high efficacy of its orally bioavailable drug CF101.  On 12 August, Can-Fite BioPharma Ltd. (NYSEMKT:CANF) shares decreased -0.79% and was closed at $3.78. CANF EPS growth in last 5 year was 0.00%. Can-Fite BioPharma Ltd. (NYSEMKT:CANF) year to date (YTD) performance is -37.10%.

Reed’s, Inc. (NYSEMKT:REED), maker of the top-selling sodas in natural food stores nationwide, today announces that its West Coast production facility has been certified Kosher for its entire line of brewed non-alcoholic beverages — including Reed’s Ginger Brew, Reed’s Culture Club Kombuchas and Virgil’s Sodas. The plant is certified by the Union of Orthodox Jewish Congregations of America (OU). REEDS, Inc. (NYSEMKT:REED) ended the last trading day at $5.04. Company weekly volatility is calculated as 1.17%and price to cash ratio as 59.75. REEDS, Inc. (NYSEMKT:REED) showed a weekly performance of 0.80%.

Resolute Forest Products Inc. (NYSE:RFP), the world’s largest newsprint maker, is seeking to reduce its reliance on the low-grade paper by expanding its Canadian solid wood-products business into the United States. Resolute Forest Products Inc. (NYSE:RFP) shares advanced 0.24% in last trading session and ended the day on $16.62. RFP Gross Margin is 23.30% and its return on assets is -12.00%. Resolute Forest Products Inc. (NYSE:RFP) quarterly performance is 2.47%.

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