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Thursday 6 August 2015
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Active Movements: Sirius XM Holdings, (NASDAQ:SIRI), Family Dollar Stores, (NYSE:FDO), Qihoo 360 Technology, (NYSE:QIHU)

On Monday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -1.34% to $3.68.

Sirius XM Holdings, declared that it plans to release second quarter 2015 financial and operating results on Tuesday, July 28, 2015.

SiriusXM will hold a conference call at 8:00 am ET the same day to talk about these results. Investors and the press can listen to the conference call via the company’s website at investor.siriusxm.com.

Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.

Shares of Family Dollar Stores Inc. (NYSE:FDO), inclined 0.05% to $79.39, during its last trading session.

S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Wednesday, July 8:

S&P MidCap 400 constituent Advance Auto Parts Inc. (AAP) will replace Family Dollar Stores Inc. (FDO) in the S&P 500, S&P SmallCap 600 constituent Jack in the Box Inc. (JACK) will replace Advance Auto Parts in the S&P MidCap 400, and Northfield Bancorp Inc. (NFBK) will replace Jack in the Box in the S&P SmallCap 600. S&P 500 constituent Dollar Tree Inc. (DLTR) is acquiring Family Dollar Stores in a transaction that was accomplished recently.

Family Dollar Stores, Inc. operates a chain of general merchandise retail discount stores primarily for low- and middle-income consumers in the United States. Its merchandise assortment comprises consumables, such as batteries, diapers, food products, hardware and automotive supplies, health and beauty aids, household chemicals, paper products, pet food and supplies, and tobacco; and home products, counting blankets, sheets, towels, giftware home décor products, and housewares.

Finally, Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), ended its last trade with -6.21% loss, and closed at $63.10.

Qihoo 360 Technology, declared that the independent special committee of the Company’s Board of Directors, formed to consider the formerly declared non-binding “going private” proposal that the Board received on June 17, 2015, has retained J.P. Morgan Securities (Asia Pacific) Limited as its financial advisor to assist it in this process. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel, and the buyer group proposing the going-private transaction is represented by Kirkland & Ellis.

The Board cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made on the response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users’ computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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