On Tuesday, Shares of ARM Holdings plc (ADR) (NASDAQ:ARMH), gained 0.95% to $46.68.
ARM, has launched a new university alliance partnership that allows industry partners to develop high quality teaching materials based on their own technologies for engineering students around the world. The hardware and software kits will be centered around ARM teaching materials and will offer the most up-to-date professional-standard platforms and tools. The program will launch through partnerships with leading Chinese technology companies Beijing Chukong Technology Co. Ltd, the company behind Cocos2d/Cocos3d, one of the top global games engines, and GigaDevice Semiconductor (Beijing) Inc.
“This new initiative will give universities expanded access to diverse, low-cost hardware, industry-standard software tools and academically rigorous educational materials,” said Khaled Benkrid, manager, Worldwide University Program, ARM. “It builds on our well-established teaching tools program but significantly enhances the range of technologies and expertise the universities will get access to. We believe this to be a necessary step as educational establishments all around the world try to cope with increasingly diverse student populations and industry demands.”
ARM Holdings plc, together with its auxiliaries, designs microprocessors, physical intellectual property (IP), and related technology and software. The company also sells development tools that enhance the performance of embedded applications.
Shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP), inclined 6.56% to $3.41, during its last trading session.
Breitburn Energy Partners, declared a cash distribution of $0.04166 per common unit for the first month attributable to the second quarter of 2015, payable on July 17, 2015, to record holders of its common units at the close of business on July 14, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis.
Breitburn also declared recently distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (BBEPP) and 8.0% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on August 17, 2015, to record holders of its Series A Units at the close of business on July 31, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. Breitburn has elected to pay the distribution on the Series B Units in kind by issuing additional Series B Units instead of paying a cash distribution. A distribution of 0.006666 PIK unit per Series B Unit is payable on July 15, 2015, to record holders of Series B Units at the close of business on June 30, 2015.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States.
At the end of Tuesday’s trade, Shares of Global Payments Inc (NYSE:GPN), gained 7.58% to $109.91.
Global Payments, declared results for its fiscal fourth quarter and year ended May 31, 2015.
“We are delighted with our strong fourth quarter performance, representing the culmination of a terrific year of execution worldwide. Revenue growth, operating margin and cash earnings per share all exceeded our expectations for fiscal 2015,” said Jeff Sloan, Chief Executive Officer. “We expect continued positive momentum in fiscal 2016. Plannedally, we have accomplished the pivot toward direct distribution across our businesses. Financially, we remain committed to ongoing our track record of accelerating growth globally. The successful execution of our strategies enables us to raise our expectations for adjusted net revenue growth, operating margin and cash earnings per share growth for the next three to five years.”
Global Payments Inc. provides electronic payments transaction processing services. The company operates in two segments, North America Merchant Services and International Merchant Services. It offers processing solutions for credit cards, debit cards, electronic payments, and check-related services.
Finally, Antero Resources Corp (NYSE:AR), ended its last trade with 3.49% gain, and closed at $28.48.
Antero Resources, declared its second quarter 2015 operations update.
Highlights comprise:
- Average net daily gas equivalent production was 1,484 MMcfe/d, a 67% enhance over the preceding year quarter and flat quarter over quarter
- Average net daily liquids production (C3+) was 45,900 Bbl/d, a 127% enhance over the preceding year quarter and a 15% enhance sequentially
- Realized natural gas price after hedging averaged $3.86 per Mcf, a $1.22 positive differential to Nymex
- Realized C3+ NGL price after hedging averaged $19.51 per barrel (34% of WTI)
- Realized natural gas equivalent price counting NGLs, oil and hedges averaged $3.85 per Mcfe
- Planning to spud Antero’s first Utica Shale well in West Virginia in the third quarter of 2015
- Accomplished bolt-on acquisition of about 4,400 net acres with both Marcellus Shale and Utica Shale potential
- Preliminary net production growth target of 25% to 30% in 2016
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2014, the company had 543,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania.
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