On Friday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 0.07% to $88.46.
In response to inaccurate news reports recently that Silver Lake has sold about half of its shares in In response to inaccurate news reports recently that Silver Lake has sold about half of its shares in Alibaba Group Holding Limited, Silver Lake confirms that its fund continues to own over 85% of its original stake in the company and has not distributed any Alibaba shares from the fund to its limited partners.
Silver Lake is the global leader in technology investing, with over $26 billion in combined assets under administration and committed capital. The firm’s portfolio of investments collectively generates more than $85 billion of revenue annually and employs more than 200,000 people globally.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Medtronic plc (NYSE:MDT), inclined 0.21% to $76.42, during its last trading session.
Medtronic, declared that its TYRX(TM) Antibacterial Envelope reduces major cardiac device site infections by 80 percent, up to 12 months after implantation. These data were presented at Heart Rhythm 2015, the Heart Rhythm Society`s 36th Annual Scientific Sessions in Boston.
The Citadel/Centurion Clinical Trials are the first prospective, multicenter studies to evaluate the impact of the TYRX Antibacterial Envelope on cardiac implantable electronic device (CIED) major infections and mechanical complication rates following implantation in high-risk patients. The results show a low rate of surgical site infection at 12 months (0.44 percent) in the 1,129 patients who received the TYRX Antibacterial Envelope contrast with a control group of similar patients stated in formerly published literature1 who did not receive an envelope (2.2 percent; p=0.0023).
CIED infections are associated with substantial morbidity, mortality and cost and are increasing in frequency. The average cost of a CIED infection in the United States is estimated at $54,926.
Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group.
At the end of Friday’s trade, Shares of Tyco International Ltd. (NYSE:TYC), lost -0.35% to $39.47.
Tyco International, declared the appointment of Girish Rishi as Executive Vice President, North America Installation & Services and Tyco Retail Solutions. In this role, Mr. Rishi will have responsibility for Tyco’s commercial fire and security businesses in the U.S. and Canada, a segment with nearly $3.9 billion in revenue in fiscal year 2014, in addition to the global Tyco Retail Solutions vertical market business. He will report to George Oliver, Tyco’s Chief Executive Officer. Most recently, Mr. Rishi served as Senior Vice President, Enterprise Visibility and Mobility, with Zebra Technologies.
Preceding to his most recent role with Zebra Technologies, Mr. Rishi oversaw product development, product administration and engineering for the Enterprise division of Motorola Solutions. Formerly, he held positions of increasing responsibility with Symbol Technologies, ranging from sales and marketing roles to general administration responsibility for several global regions. Mr. Rishi holds a bachelor’s degree in commerce from the University of Mumbai, India, a master’s degree in business administration from the University of Hartford, and a master’s degree in international public policy from Johns Hopkins University.
Tyco International Ltd. designs, sells, installs, and services security, fire detection, suppression, and life safety products worldwide. It operates in three segments: North America Installation & Services, Rest of World Installation & Services, and Global Products.
Finally, Terex Corporation (NYSE:TEX), ended its last trade with -1.50% loss, and closed at $28.33.
Terex Corporation, declared that its Board of Directors declared a quarterly dividend of $0.06 per common share. The dividend is to be paid on June 19, 2015 to all stockholders of record as of the close of business on June 10, 2015.
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names.
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