On Monday, in the course of current trade, Shares of Alcoa Inc. (NYSE:AA), dropped -1.13%, and is now trading at $12.28, hitting its lowest level.
Metals company Alcoa Inc said on Thursday it is supplying aerospace-grade aluminum to Samsung Electronics Co Ltd for its Galaxy S6 and S6 edge models, enabling the smartphone maker to produce more durable and sleeker phones, according to Reuters.
Phones made with 6013 Alcoa Power Plate, which is 70 percent stronger than standard aluminum are accessible now globally, Alcoa said.
This latest declaration fits New York-based Alcoa’s strategy of moving away from costly traditional smelting and refining toward more value-added businesses such as automotive and aerospace. Reuters Reports.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
During an Afternoon trade, Shares of The Bank of New York Mellon Corporation (NYSE:BK), gained 0.24%, and is now trading at $43.47.
The Bank of New York Mellon Corporation, took the top spot in this year’s Global Investor/ISF Global Custody Survey in the Europe, Middle East & Africa (EMEA) (Weighted) and the Single Custodian (Weighted) categories.
BNY Mellon also topped the Weighted rankings for clients with Assets under Administration (AuM) Greater than $3 billion in the Global, EMEA and Asia-Pacific categories. The company also topped the Raw Data rankings in this category in Asia-Pacific.
The company was the highest rated provider in the following Weighted service categories:
- Client Services
- Relationship Administration
- Cash Administration.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Shares of The Blackstone Group L.P. (NYSE:BX), during its Monday’s current trading session fell -0.51%, and is now trading at $42.19.
The Blackstone Mortgage Trust, declared the closing of its formerly declared underwritten public offering of its class A common stock. A total of 11,500,000 shares of class A common stock was sold, comprised of 10,000,000 shares initially offered and an additional 1,500,000 shares sold following the underwriters’ full exercise of their option to purchase additional shares. Aggregate net proceeds to the Company, after deducting estimated offering expenses, were about $338.0 million.
The Company intends to use the net proceeds from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments compriseent with its investment strategies and investment guidelines, and for working capital and other general corporate purposes.
Citigroup, BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Morgan Stanley acted as joint book-running managers for the offering.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Finally, Flowers Foods, Inc. (NYSE:FLO), lost -1.15% Monday.
Preceding to Flowers Foods, annual shareholders meeting recently, the company’s board of directors declared a quarterly dividend of $.145 per share, which represents an enhance of 9.4 % over the quarterly dividend paid formerly. The dividend is payable on July 2, 2015, to shareholders of record on June 19, 2015. This action enhances the annualized dividend rate to $.58 per share, a 20.8% enhance from the annualized rate at this time last year.
Allen L. Shiver, Flowers Foods’ president and CEO, said the board is confident in the company’s future performance. “During the first quarter of 2015, we generated noteworthy cash flow and continued to lower debt. We also grew sales of our branded products, expanded gross margins, and improved manufacturing efficiencies,” he said. “The board believes Flowers Foods is in an excellent position to reward our shareholders with an raised dividend, allowing our investors to continue participating in the company’s success.”
Flowers Foods, Inc. produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh bakery foods, counting fresh breads, buns, rolls, tortillas, and snack cakes.
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