On Monday, General Electric Company (NYSE:GE)’s shares inclined 0.26% to $30.90.
Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to enhance from preceding years, according to annual survey results released recently by Commercial Distribution Finance (CDF), a business of GE Capital. Almost half (48 percent) of survey respondents said they expect sales to rise 5 percent to 10 percent next year, up from 41 percent who foresaw that rise in sales twelve months ago. Additionally, 31 percent of respondents predictable RV sales to grow more than 10 percent.
“The state of the RV industry is strong. Vehicle sales are at near record levels and are predictable to enhance in 2016,” said Tim Hyland, president of CDF’s RV group. “We’re excited to watch this trend continue and are prepared to do everything we can to support our RV industry customers as they innovate and grow.”
For the fourth year in a row, travel trailers were voted by survey respondents as the most popular type of RV (with 44 percent of the vote). This was followed by motorhomes (34 percent), fifth-wheel trailers (18 percent), and folding camp trailers (4 percent).
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
Nokia Corporation (ADR) (NYSE:NOK)’s shares dropped -0.70% to $7.08.
The initial offer period in Nokia’s public exchange offer (the “Offer”) for Alcatel-Lucent securities in both France and the United States has now closed. Accordingly, holders of Alcatel-Lucent shares, American Depositary Shares (“ADSs”) and OCEANEs may no longer tender into the Offer and may not withdraw Alcatel-Lucent shares, ADSs or OCEANEs that have already been tendered.
Nokia anticipates that the interim results of the initial public exchange offer will be published by the French stock market authority, Autorite des Marches Financiers (the “AMF”), on January 4, 2016, with the final results to be published on January 5, 2016. Assuming that the Offer is successful, it will be reopened. The AMF will publish the timetable of the reopened Offer, which is predictable to start on January 14, 2016 and close on February 3, 2016.
The completion of the Offer is subject to the voluntary minimum tender condition that the Alcatel-Lucent securities tendered into the Offer represent more than 50% of the shares of Alcatel-Lucent on a fully diluted basis upon the closing of the Offer. In accordance with the applicable rules and regulations of the AMF and the U.S. Securities and Exchange Commission, and if the mandatory minimum acceptance threshold set at more than 50% of the Alcatel-Lucent share capital or voting rights on a non-diluted basis (taking into account Alcatel-Lucent convertible bonds tendered into the exchange offer) is crossed, Nokia reserves the right to waive the voluntary minimum tender condition of the Offer. A decision regarding any waiver will be made by Nokia’s Board of Directors should that situation arise.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Telefonica S.A. (ADR) (NYSE:TEF)‘s shares dipped -1.40% to $11.30. The last trading range of Telefonica S.A. (ADR)(NYSE:TEF) ranges between $11.27 and $11.38. The EPS of the company stands at $0.52. The 52-week range shows that the stock reached higher at $15.66 while its lower range is $10.91 in the last 52-weeks. The average volume of the company is at 1.99 million with the Outstanding Shares of 4.79 million. The market capitalization of the company is $57.51 billion. The Beta of the company stands at 1.45 with the RSI (Relative Strength Index) of 38.17.
Telefónica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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