During Monday’s current trade, VF Corp (NYSE:VFC)’s shares incline 0.34% to $70.32.
Vans named Carlsbad High School of Carlsbad, Calif. as the grand-prize winner of the sixth annual Vans Custom Culture design competition and awarded a $50,000 donation toward the school’s arts education program. At the final event held on June 9 at Industria Superstudios in New York City, a panel of notable judges including actress Victoria Justice, celebrity baker Amirah Kassem, musician Bea Miller, artist and author Dallas Clayton and Vans professional surfer Joel Tudor selected the winning custom Vans shoe designs among a talented group of top five finalist schools. For the remaining finalists – Circleville High School (Circleville, Ohio), Foothill High School (Henderson, N.V.), McCracken County High (Paducah, K.Y.) and Parker High School (Parker, S.D.) – Vans awarded each with $4,000 toward their arts programs.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
CIGNA Corporation (NYSE:CI)‘s shares gain 6.84% to $165.85, during the current trading session Monday’s, hitting its highest level.
Cigna Corporation (CI) confirmed it received a highly conditional, non-binding proposal from Anthem, Inc. (ANTM) on June 20, 2015.
Cigna’s Board of Directors has carefully reviewed this proposal comprising with the company’s continued focus on maximizing shareholder value and creating differentiated value for its customers, clients and other stakeholders in a dynamic, rapidly-evolving healthcare environment.
Based on a number of factors in the proposal and unaddressed concerns regarding the ability to achieve the benefits of a potential combination, the Cigna Board has unanimously determined the proposal is inadequate and not in the best interests of Cigna’s shareholders. Cigna’s letter to Anthem’s Board of Directors that details these factors and concerns is comprised of in this press release below.
Cigna’s mission is to improve the health, well-being and sense of security of the people we serve. Effective execution of our focused strategy has driven a consistent track record of strong financial performance and successful shareholder value creation. Since implementing its “Go Deep, Go Global, Go Individual” strategy over five years ago, Cigna has delivered compound annual growth of 14% for revenues and 13% for adjusted income from operations.
As a result, Cigna’s share price rose almost 200% in the five years beginning December 31, 2009. Anthem shares, however, significantly lagged the performance of both Cigna and the Managed Care peer group (as defined in Anthem’s most recent proxy statement) in the same period.
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services.
In an afternoon trade, Cavium Inc (NASDAQ:CAVM)‘s shares plunge -0.64% to $73.50.
Cavium’s XPliant Ethernet switches deliver high-speed support in OpenFlow through XPliant’s SDK APIs and integration of Open vSwitch (OVS).
Open Networking Summits, Inc. (ONS) represents the industry’s premier and only non-profit conference that brings together the entire networking ecosystem to talk about advances in software-defined networking (SDN), OpenFlow, and network functions virtualization (NFV) to accelerate adoption and shape the future of the networking industry.
Open Networking Summit 2015, declared Cavium’s XPliant® Switch as the winner of SDN Idol 2015, the industry’s top award for the year’s hottest SDN solutions.
SDN Idol is a fun, friendly award competition that showcases disruptive SDN technologies, products or use cases from exhibitors at the annual Open Networking Summit. The top four SDN Idol submissions are selected by an esteemed panel of judges and the winner is chosen following live demonstrations and a live voting process by an audience that boasts SDN practitioners and enthusiasts across end-user, vendors, investors, academia, media and analysts.
Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in United States and internationally. It offers integrated semiconductor processors for wired and wireless networking, communications, storage, cloud, wireless, security, video, and connected home and office applications. The company’s products also comprise a suite of embedded security protocols that enable unified threat administration, secure connectivity, network perimeter protection, and deep packet inspection. In addition, it provides commercial grade embedded Linux operating systems, development tools, application software stacks, support and services.
Simon Property Group Inc (NYSE:SPG), during its Monday’s current trading session 0.61% gain and closed at $180.57.
Simon Property Group Inc. (SPG) declared that financial and operational results for the quarter ending June 30, 2015, will be released before the market opens on July 24, 2015. The Company will host its quarterly earnings conference call and an audio webcast on July 24 at 11:00 a.m. Eastern Time.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.
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