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Thursday 13 August 2015
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Active Stocks in the News: Amazon.com, Inc. (NASDAQ:AMZN), Cheniere Energy, (NYSEMKT:LNG), Starwood Property Trust, (NYSE:STWD), Avago Technologies (NASDAQ:AVGO)

On Tuesday, Shares of Amazon.com, Inc. (NASDAQ:AMZN), gained 0.66% to $527.46.

Amazon.com, declared plans to open a nearly 500,000-square-foot fulfillment center in Joliet, Ill. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.

“We are excited to create 1,000 great full-time jobs in Illinois with competitive wages and comprehensive benefits starting on Day One,” said Mike Roth, Amazon’s vice president of North America operations. “We are grateful for the support of local and state leadership in assisting to bring Amazon to Illinois and we look forward to being an active member of the community.”

“We are thrilled that Amazon has chosen Joliet as the location for its new Illinois fulfillment center,” said City of Joliet Mayor Bob O’Dekirk. “The company is not only the leader in the e-commerce sector, but it also will create quality jobs for a diverse community throughout Joliet and Will County.”

Amazon employees at the fulfillment center will process smaller items, such as books, electronics and consumer goods.

Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers.

Shares of Cheniere Energy, Inc. (NYSEMKT:LNG), declined -2.34% to $69.00, during its last trading session.

Cheniere Energy declared that its wholly owned partner, Cheniere Marketing International LLP has reached sales arrangements with Électricité de France, S.A. (“EDF”) for the delivery of liquefied natural gas (“LNG”) cargoes on an ex-ship basis (“DES”) from the Sabine Pass LNG terminal (“Sabine Pass”) to the Dunkerque LNG terminal in France. The sales arrangements cover the delivery of up to 26 cargoes, or up to about 100 million MMBtus, through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.

Volumes will be sourced from Cheniere Marketing’s LNG supply portfolio, which comprises rights under a sale and purchase agreement (“SPA”) with Sabine Pass Liquefaction, LLC to purchase any LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction, LLC for LNG produced from Cheniere’s Corpus Christi liquefaction project (“CCL Project”). On a combined basis, Cheniere Marketing’s LNG portfolio is predictable to have about 9 million tonnes per annum (“mtpa”) of LNG accessible from the nine liquefaction trains being developed at Sabine Pass and Corpus Christi.

Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business.

At the end of Tuesday’s trade, Shares of Starwood Property Trust, Inc. (NYSE:STWD), gained 1.65% to $22.20.

Starwood Property Trust declared operating results for the fiscal quarter ended June 30, 2015. The Company’s second quarter 2015 Core Earnings (a non-GAAP financial measure) were $125.9 million, or $0.53 per diluted share. Not taking into account one-time acquisition and pursuit costs of $4.9 million, the Company’s second quarter 2015 Core Earnings were $130.8 million, or $0.55 per diluted share.

GAAP net income for the second quarter of 2015 was $117.1 million, or $0.49 per diluted. Not taking into account one-time acquisition and pursuit costs of $4.9 million, the Company’s second quarter 2015 GAAP net income was $122.0 million, or $0.51 per diluted share.

Starwood Property Trust, Inc. originates, acquires, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States and Europe.

Finally, Avago Technologies Ltd (NASDAQ:AVGO), ended its last trade with -2.41% loss, and closed at $124.21.

Avago Technologies, declared the general availability of its 40G bidirectional (BiDi) multimode fiber (MMF) QSFP+ transceiver module, the AFBR-79EBPZ, designed for high-speed data center interconnect and networking applications. Based on innovative 2x20G BiDi optics, the module enables 40GbE links on existing installed LC duplex multimode fiber of 10G network, providing a cost-effective upgrade path to 40G Ethernet in the data center. The AFBR-79EBPZ supports 40GbE data transfer over 100 meters of OM3 fiber or 150 meters of OM4 fiber.

Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments.

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