On Tuesday, Shares of Verizon Communications Inc. (NYSE:VZ), gained 0.44% to $47.41.
Verizon Communications, and VICE declared a new content partnership that will bring the youth brand’s award-winning content to Verizon’s mobile video platform, launching later this year. The multi-year partnership will see a broad selection of VICE digital content, counting original domestic and international programming produced exclusively for Verizon – all through a mobile-first video offering.
The content offering will also comprise a curated selection of original videos from across VICE’s digital channels covering a range of categories, from cultural stories to food, travel, tech and more. The new VICE original interview series “Autobiographies” will also headline this partnership taking audiences deep into the lives of some of society’s most interesting, high-profile personalities.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Ambarella, Inc. (NASDAQ:AMBA), inclined 8.40% to $107.48, during its last trading session.
Ambarella, declared the acquisition of VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30 million in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception systems and autonomous vehicle research and was founded by Professor Alberto Broggi. The company has developed computer vision and intelligent control systems for automotive and other commercial applications, counting Advanced Driver Assistance Systems and several generations of autonomous vehicle driving systems. These comprise “Porter,” an autonomous vehicle that made a 13,000 km autonomous trip from Italy to China in 2010.
As part of the acquisition, VisLab’s 27 researchers will join Ambarella’s advanced computer vision development team. This will enable extensive and robust computer vision support in future Ambarella solutions targeting Ambarella’s core markets counting automotive, IP security, wearable, and flying cameras.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Finally, Thompson Creek Metals Company Inc. (NYSE:TC), ended its last trade with -1.07% loss, and closed at $0.62.
Thompson Creek Metals Company, declared that during the second quarter of 2015 the Company repurchased and stepped down $34.2 million principal amount of its 9.75% senior secured notes due December 1, 2017 at an average purchase price of 1.07% of the notes’ par value. Total cash used was about $37.8 million, inclusive of the payment of accrued interest to the repurchase date of $1.2 million. Future interest savings from this repurchase to the December 2015 call date will be about $0.8 million, representing a net average purchase price of 1.024% of par contrast to the call price of 1.04875% of par, with future interest savings to the December 2017 maturity date of $8.2 million. Since the completion of the Mount Milligan Mine to June 30, 2015, the Company has repaid and stepped down 12% of its debt balance, or about $121 million, counting the net repayments of its capital lease obligations. The Company’s target is to reduce its debt over time to about three times earnings before income taxes, depreciation and amortization (“EBITDA”) for a twelve month period.
The Company’s June 30, 2015 cash and cash equivalents balance was about $211 million, contrast to $238 million at March 31, 2015. Not taking into account the impact of the notes repurchase declared herein, the Company’s cash balance raised by about $10 million during the second quarter of 2015.
Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of copper, gold and molybdenum products in the United States and Canada. It operates in three segments: Copper-Gold, US Operations Molybdenum, and Canadian Operations Molybdenum.
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