On Monday, Shares of Nokia Corporation (NYSE:NOK), lost -0.58% to $6.89.
Yesterday, Nokia, is upgraded by Exane BNP Paribas firm from “Neutral” to “Outperform”.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Shares of EXCO Resources Inc. (NYSE:XCO), inclined 0.57% to $1.75, during its last trading session.
EXCO Resources, declared operating and financial results for the first quarter 2015.
Services and investment agreement
On March 31, 2015, EXCO reached a four-year services and investment agreement with Bluescape Resources Company LLC, a Dallas-based independent energy investment and advisory company. The agreement provides that Bluescape will perform certain planned advisory services counting the development and execution of a planned improvement plan. Following the agreement, Bluescape agreed to purchase $10 million of common shares from EXCO upon effectiveness of a resale registration statement covering such shares and $40 million of common shares through open market purchases within one year of the closing of the agreement. In exchange for the ongoing planned advisory services, EXCO pays a monthly fee, an annual incentive payment and has issued warrants to purchase EXCO’s common shares. The annual incentive payment and exercisability of the warrants are dependent on EXCO’s common share price achieving certain performance hurdles as contrast to a peer group. The closing of the transactions under this agreement will be subject to certain conditions, counting, among others, obtaining certain approvals from EXCO’s shareholders. The warrants will automatically terminate and become void and of no force or effect if the closing does not occur. At the closing, C. John Wilder, Executive Chairman of Bluescape, will become Executive Chairman of EXCO’s Board of Directors.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
At the end of Monday’s trade, Shares of Texas Instruments Inc. (NASDAQ:TXN), lost -0.48% to $54.44.
Texas Instruments’s Vice President Dave Pahl will speak at the 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston on Monday, May 18, at 10 a.m. Eastern time. Pahl will field questions from analysts and investors, in addition to talk about TI’s business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position the company for growth.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power administration products to enhance the efficiency of powered devices using battery administration solutions, portable power conversion devices, power supply controls, and point-of-load products.
Finally, DR Horton Inc. (NYSE:DHI), ended its last trade with -1.85% loss, and closed at $25.44.
On April 27, D.R. Horton, declared the acquisition of the homebuilding operations of Pacific Ridge Homes in Seattle, Washington. The homebuilding assets attained comprise about 350 lots, 90 homes in inventory and 40 homes in sales order backlog. D.R. Horton also attained control of about 400 lots through option contracts. For the twelve months ended March 31, 2015, Pacific Ridge closed 182 homes ($79 million in revenue) with an average home size of about 2,600 square feet and an average sales price of $436,000. D.R. Horton will pay about $72 million in cash for the purchase, and Pacific Ridge will operate as a separate division within D.R. Horton.
Donald R. Horton, Chairman of the Board, said, “Pacific Ridge has an excellent reputation for quality and service. We welcome them to the D.R. Horton family and are happy Justin Goff is joining our team as division president. Their well-established building operations make Pacific Ridge a great fit for D.R. Horton as we look forward to expanding our presence in the greater Seattle area.”
Justin Goff, co-owner of Pacific Ridge, said, “Pacific Ridge has a long standing tradition of building quality homes and providing excellent customer service. We are excited to join the largest builder in the country and look forward to ongoing this tradition.”
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities.
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