On Thursday, Shares of Yamana Gold, Inc. (NYSE:AUY), lost -1.49% to $3.98.
On 12th May, Yamana Gold’s stock was higher as some mining stocks rose together with the price of gold, which gotten a boost due to the decline in the dollar and the pullback in global debt markets.
However yesterday, the stock declined despite Gold rose to a nearly three-month high Thursday as support from disappointing US economic data and a weaker dollar assisted cement prices above $US1,200 an ounce.
The most actively traded contract, for June delivery, jumped to $US1,227.70 a troy ounce, the highest since February 17, on the Comex division of the New York Mercantile Exchange. The gold contract was recently up 0.5 per cent, or $US6.30, at $US1,224.60 an ounce.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas. Its portfolio comprises seven operating gold mines, such as Chapada (copper/gold), El Peñón (gold/silver), Canadian Malartic Mine (gold/silver), Jacobina(gold), Gualcamayo(gold), Minera Florida (gold/silver/zinc), Fazenda Brasileiro, and Mercedes (gold/silver), in addition to a 12.5% indirect interest in the Alumbrera mine (copper/gold/molybdenum); and various development stage projects and exploration properties in Brazil, Chile, Argentina, Mexico, and Canada.
Shares of General Motors Company (NYSE:GM), declined -0.43% to $34.65, during its last trading session.
General Motors Company, will spend $1 billion on a makeover of its iconic Warren Technical Center, an aging facility that has long served as one of the auto industry’s storied hubs of car design and engineering, according to Wsj.
The planned investment is predictable to generate 2,600 new salaried jobs at the nation’s largest auto maker and provide a shot in the arm for a Southeast Michigan region on the rebound after being stung by economic downturn, Wsj reports.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
At the end of Thursday’s trade, Shares of JD.com, Inc. (NASDAQ:JD), gained 1.89% to $33.38.
SEPHORA, declared the launch of its first and only Chinese online flagship store on JD.com (JD), China’s largest online direct sales company. This marks a noteworthy step forward for Sephora, the leading beauty retailer of LVMH Group, in its e-commerce and overall retail strategy for China.
Upon launch, SEPHORA’s store will be the largest cosmetics store on JD.com’s platform, featuring over 1,200 items from more than 70 leading international cosmetic brands, counting Dior, Guerlain, Givenchy, Benefit and Kenzoki, among dozens of others.
JD.com’s industry-leading marketplace is increasingly the platform of choice for both domestic and internationally renowned brands and manufacturers, featuring dozens of leading global fashion and apparel brands.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Finally, Broadcom Corp. (NASDAQ:BRCM), ended its last trade with 1.13% gain, and closed at $47.18, hitting its highest level.
Synopsys, Inc. declared that Broadcom Corporation (BRCM) extended its license agreement providing access to Synopsys’ DesignWare® ARC® Processors for an expanded range of advanced multimedia and networking system-on-chip (SoC) designs. Broadcom standardized on ARC processors to deliver advanced video compression capabilities in its SoCs for high-volume consumer devices. Deploying optimized video compression technology is increasingly important to conserve network bandwidth as global service providers stream high definition (HD) and ultra HD video content to a broader range of devices.
“We have been a longstanding and successful user of ARC processors in our multimedia products,” said Daniel Marotta, executive vice president and general manager, Broadband & Connectivity Group at Broadcom Corporation. “The new agreement enables us to take advantage of the ARC processors’ power-performance efficiency in a wider range of products to deliver more differentiated solutions to our customers.”
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.
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