On Friday, Technology stocks were moderately lower, with shares of technology companies in the S&P 500 declining about 0.4% in afternoon trade.
Among Technology stocks, Shares of Broadcom Corp. (NASDAQ:BRCM), gained 1.07% to $56.85. The company exchanged hands with 33,358,471 shares as compared to its average daily volume of 8,769,780 shares. The company has the market capitalization of 33.97B.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
Shares of Freescale Semiconductor, Ltd. (NYSE:FSL), inclined 1.17% to $45.12, during its last trading session.
Freescale Semiconductor, introduced three additions to its highly successful i.MX 6 series of applications processors, providing compelling new options for the product line’s high-performance and value tiers. With these additions, the i.MX 6 series now delivers even higher levels of security, performance, power administration and system bill-of-materials optimization for consumer, industrial and automotive markets.
The new i.MX 6DualPlus and i.MX 6QuadPlus devices deliver dramatic graphics and memory performance enhancements, while the new i.MX 6UltraLite targets cost and space constrained applications where power efficiency, small form factor and security are critical. The i.MX 6DualPlus and i.MX 6QuadPlus devices are software and pin compatible with a broad range of i.MX 6 processors, and all three of the new products incorporate a variety of connectivity options, while delivering high levels of security for trusted embedded computing.
Freescale Semiconductor, Ltd. provides embedded processors worldwide. The company’s products comprise microcontrollers, ranging from 8-bit products to higher performance 16-bit and 32-bit products with on-board flash memory, which provide the digital logic or intelligence for electronic applications and controlling electronic equipment or analyzing sensor inputs; single-and multi-core microprocessors; and applications processors with embedded memory, and special purpose hardware and software for multimedia applications.
At the end of Friday’s trade, Shares of Arthur J Gallagher & Co. (NYSE:AJG), lost -0.72% to $48.45.
Arthur J. Gallagher & Co., declared the acquisition of James R. Weir Insurance Agency, Inc. in Mankato, Minnesota. Terms of the transaction were not revealed.
Founded in 1967, James R. Weir Insurance Agency (Weir) is a retail insurance broker providing commercial property/casualty, risk administration consulting, employee benefits and personal lines insurance services to its mid-to-large market clients throughout the Midwest. They also specialize in insurance coverages for the religious, construction, healthcare and food service industries. Jay Weir, Michael Donohoe and their associates will continue to operate from their current location under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operations.
“The Weir team is well-known for their focus on outstanding client relationships and depth of expertise, which will fit well within our culture,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “Their Minnesota presence and strong carrier relationships will be a wonderful complement to our Midwest operations. We are extremely happy to welcome Jay, Mike and their team to our growing Gallagher family of professionals.”
Arthur J. Gallagher & Co., together with its auxiliaries, provides insurance brokerage and risk administration services in the United States and internationally. It operates through three segments: Brokerage, Risk Administration, and Corporate.
Finally, Best Buy Co., Inc. (NYSE:BBY), ended its last trade with 1.52% surge, and closed at $34.70.
The Board of Directors of Best Buy, has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on July 2, 2015, to shareholders of record as of the close of business on June 11, 2015. The company had 353,229,891 shares of common stock issued and outstanding as of May 2, 2015.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
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