During Friday’s Morning trade, Shares of Corning Incorporated (NYSE:GLW), lost -0.45% to $17.74.
Corning Incorporated, declared that with the support of the Hefei government, Corning will locate a Gen 10.5 glass manufacturing facility adjacent to the BOE Technology Group Co. Ltd. (BOE) plant in the Hefei XinZhan General Pilot Zone in Anhui Province, China. Glass substrate production from the new facility is predictable to support BOE`s plan to start mass production of LCD panels for large-size televisions by the third quarter of 2018.
The total investment for the facility is about $1.3 billion. Corning`s investment will be composed primarily of equipment and precious metals. Corning`s net outlay of $460 million, which is net of government and commercial incentives, is predictable to be about $290 million in cash and $170 million of presently owned precious metals.
As part of this investment, Corning and BOE have reached a long-term supply agreement that commits BOE to the purchase of Gen 10.5 glass substrates from the Corning manufacturing facility in Hefei. BOE also has extended its long-term supply agreement with Corning to purchase glass substrates for Gen 8.5 sizes and below.
Shares of Relypsa Inc (NASDAQ:RLYP), inclined 17.38% to $26.17, during its current trading session.
Relypsa, declared that John A. Orwin, president and chief executive officer, will present at the Oppenheimer 26th Annual Healthcare Conference on December 8, 2015 at 2:10 p.m. ET.
Finally, Shares of Discovery Communications Inc. (NASDAQ:DISCA), gained 0.17%, and is now trading at $30.17.
Lionsgate (LGF), a premier next generation global content leader, and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK), the world’s #1 pay-TV programmer, have entered an exclusive long-term agreement for Lionsgate to distribute programming from Discovery’s renowned network portfolio across packaged media platforms in the United States. The agreement declared recently encompasses DVD and Blu-ray distribution of Discovery’s vast portfolio of series and specials spanning its network brands, counting Discovery Channel, TLC, Animal Planet and Investigation Discovery.
The first release under the agreement will be the February 23, 2016 Blu-ray and DVD release of Racing Extinction, the landmark documentary which had its worldwide premiere yesterday on Discovery Channel in more than 220 markets. The film, directed by Academy Award-winning filmmaker Louie Psihoyos (The Cove), tells the story of a team of artists and activists on an undercover operation to expose the hidden world of endangered species and the race to protect them against mass extinction. Spanning the globe to infiltrate the world’s most dangerous black markets and using high tech tactics to document the link between carbon emissions and species extinction, Racing Extinction reveals stunning, never-before seen images that truly change the way we see the world.
“We’re thrilled to expand our relationship with Discovery, home of some of the most exciting brands on television, and delighted to bring their diverse and growing portfolio of programming to our home entertainment consumers,” said Lionsgate Home Entertainment President Ron Schwartz. “Racing Extinction is a powerful and topical documentary by an acclaimed filmmaker that has taken television audiences by storm, and it reflects the world-class quality of Discovery’s great pipeline of content.”