On Wednesday, Shares of EMC Corporation (NYSE:EMC), gained 0.08% to $25.14, hitting its lowest level.
On July 9, EMC Corporation (EMC) declared it has accomplished the acquisition of Virtustream. Virtustream represents a transformational element of EMC’s strategy to assist customers move all applications to cloud-based IT environments. The all-cash transaction is predictable to have no material impact to EMC financial results in 2015 and is predictable to be additive to revenues and accretive to EPS in 2016. Operational details of the new EMC Federation business formed by Virtustream will be declared later this quarter.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Shares of KB Home (NYSE:KBH), declined -3.70% to $16.40, during its last trading session.
KB Home, declared the grand opening of its Eastchurch new home community in Frederick, Maryland. This neighborhood will offer buyers a low-maintenance lifestyle at a prime location, just steps from the great dining and shopping accessible in historic downtown Frederick.
KB Home’s Eastchurch community provides easy access to I-270, I-70, and a MARC station for quick commutes to both Baltimore and Washington, D.C. Residents will enjoy the community’s close proximity to Carroll Creek Canal, where they can stroll, power walk, jog, run, pedal or skate on the trails.
All new KB homes, counting those at Eastchurch, are ENERGY STAR® certified, which assists KB homebuyers lower their energy costs and minimize their impact on the local environment.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
Finally, Silver Standard Resources Inc. (NASDAQ:SSRI), ended its last trade with -1.31% loss, and closed at $6.02.
Silver Standard Resources Inc., declared that John Smith will retire as the Company’s President and CEO effective July 31, 2015. The Board of Directors have designated Paul Benson as President and CEO.
After five years as President and CEO, John Smith has made a decision to retire and return to Australia. After an extensive international search the Board has designated Paul Benson as President and CEO effective August 1, 2015. John will continue in his role until July 31, 2015 and will be accessible as an advisor to Paul and the Board until December 31, 2015.
Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits. Its principal projects comprise the Pirquitas mine comprising of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares located in the Puna de Jujeña region of northwestern Argentina in the province of Jujuy; and Marigold mine comprising about 19,560 acres situated in southeastern Humboldt County, Nevada.
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