During Friday’s Current trade, Shares of Nucor Corporation (NYSE:NUE), lost -1.29% to $42.71.
In conjunction with Nucor’s (NUE) second quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, Chief Executive Officer and President. The event will be accessible on the Internet on Thursday, July 23, 2015, at 2 p.m. Eastern Time.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products.
Shares of Nordstrom, Inc. (NYSE:JWN), declined -0.92% to $78.79, during its current trading session.
Nordstrom, Inc. (JWN) declared a contract under which TD will acquire Nordstrom’s existing U.S. Visa and private label consumer credit card portfolio, which presently totals about $2.2 billion in receivables. In addition, the two companies have reached a separate long-term agreement under which TD will become the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards to Nordstrom customers.
This transaction enables Nordstrom to retain all aspects of customer-facing activities, aligning with Nordstrom’s strategy of enhancing the customer experience while allowing for improvement in capital efficiency.
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise through various channels, counting Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; and other retail channels, counting Trunk Club showrooms and TrunkClub.com, Jeffrey boutiques, and clearance store that operates under the name Last Chance.
Jabil Circuit, Inc. (NYSE:JBL), during its Friday’s current trading session decreased -0.89% to $20.04.
Jabil Circuit, Inc. (JBL) declared that its Board of Directors has approved payment of a quarterly dividend of $0.08 per share to shareholders of record as of August 14, 2015. The dividend is payable on September 1, 2015.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries.
Finally, China Digital TV Holding Co., Ltd. (ADR)(NYSE:STV), decreased -1.68%, to $3.51.
China Digital TV Holding Co., Ltd. (STV) the leading provider of cloud-based application platforms and conditional access (“CA”) systems which enable China’s digital cable television market to offer and secure diversified content services, recently offered further updates on its asset restructuring (the “Restructuring”) with Shanghai Tongda Venture Capital Co., Ltd (“Tongda Venture”), as referred to in the press releases dated June 13, 2014, October 9, 2014, October 27, 2014, November 27, 2014, respectively. The Company declared that Tongda Venture has received an approval in principle (the “Approval”) from the Ministry of Commerce of the People’s Republic of China (“PRC Ministry of Commerce”).
According to the Approval, the PRC Ministry of Commerce principally agreed that Golden Benefit Technology Limited (“Golden Benefit”), a wholly owned partner of STV, may use its 25% equity interest (about equal to RMB800 million) in Beijing Super TV Co., Ltd. (“Super TV”), a wholly-owned partner of Golden Benefit, to subscribe for Tongda Venture’s non-public offering of A shares (“New Shares”), and will be effective for 180 days from issuance date. It is required under the Approval that Tongda Venture should divest its equity interest in Beijing CNLive Culture Media Inc, a culture and media company focusing on mobile TV in which foreign investment is not allowed, preceding to Golden Benefit acquiring the New Shares. The Company will submit related documents and materials to the China Securities Regulatory Commission (the “CSRC”) for approval as soon as possible.
China Digital TV Holding Co., Ltd., through its auxiliaries, provides conditional access (CA) systems to the digital television market in the People’s Republic of China. It offers CA systems, counting smart cards, head-end software for television network operators, and terminal-end software for set-top box manufacturers, which enable digital television network operators to control the distribution of content and value-added services to their subscribers and block unauthorized access to their networks.
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