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Friday 7 August 2015
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Latest Update

Current Trade News Analysis on: Nordic American Tanker (NYSE:NAT), Fidelity National Information Services (NYSE:FIS), Taubman Centers, (NYSE:TCO), Altera (NASDAQ:ALTR)

During Monday’s Current trade, Shares of Nordic American Tanker Ltd (NYSE:NAT), gain 2.33% to $15.37.

Nordic American Tankers Limited (“NAT”) declared that it has agreed to acquire two Far East built Suezmax tankers at an average age of five years. The total price is about USD 122 mill. The vessels are predictable to be delivered to us in September and October 2015. NAT does not plan to issue equity to finance these two vessels.

The acquisition represents a natural step in the further development of Nordic American. By adding two more ships, we enhance the dividend capacity and earnings potential. We believe that our strong balance sheet, the dividend policy, well defined and transparent operating model provide NAT with a solid competitive position.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.

Shares of Fidelity National Information Services (NYSE:FIS), declined -0.21% to $65.32, during its current trading session.

FIS™ (FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, has been recognized as a “Global Leader” in card administration and transaction processing solutions, according to research recently published by Celent, a research and advisory firm.

Celent released its latest vendor landscape report series to identify the leading card administration and transaction processing vendors in the market so as to assist banks in the vendor selection process review their options. Celent recognized FIS as a Global Leader in its reports on Issuer Processors and Packaged Software Vendors.

Fidelity National Information Services, Inc. provides banking and payments technology, consulting, and outsourcing solutions worldwide. Its Financial Solutions Group segment offers core processing software applications to run banking processes; retail banking delivery applications that enable financial institutions to integrate and streamline customer-facing operations and back-office processes; fraud, risk administration, and compliance solutions; syndicated loan applications that support wholesale and commercial banking operations; and onshore and offshore commercial services, such as consulting engagements, application development projects, operations support, and infrastructure administration, in addition to integrated consulting and advisory, technology, and IT transformation services.

Taubman Centers, Inc. (NYSE:TCO), during its Monday’s current trading session decreased -0.03% to $74.78.

Taubman Centers, Inc. ( TCO ) recently stated financial results for the second quarter of 2015.

Operating Statistics

Comparable center NOI, not taking into account lease cancellation income, was up 2.5 percent for the quarter, bringing year-to-date growth to 3.1 percent.

Comparable center mall tenant sales per square foot rose 2.8 percent from the second quarter of 2014. This brings the company’s 12-month trailing mall tenant sales per square foot to $818, an enhance of 1.4 percent from the 12-months ended June 30, 2014. Year-to-date, sales were up 2.5 percent.

The positive sales trend during the quarter was very encouraging, said Mr. Taubman. We saw solid growth in May and sales growth accelerated through June.

Average rent per square foot for the quarter was $60.35, up 1.4 percent from $59.50 in the comparable period last year. Year-to-date, average rent per square foot was up 2.8 percent.

Trailing 12-month releasing spreads per square foot for the period ended June 30, 2015 were a robust 29.2 percent.

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner’s interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership engages in the ownership, administration, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. A

Finally, Altera Corporation (NASDAQ:ALTR), decreased -0.02%, to $49.65.

Altera® Corporation (ALTR) declared that Ricoh Group, a global technology company headquartered in Tokyo and specializing in office imaging equipment, production print solutions, document administration systems and IT services, has chosen Altera Cyclone® IV FPGAs to power its newly introduced line of printers, the RICOH SP 3600DN Series. Altera’s Cyclone IV FPGAs power the image processing capability of the RICOH SP 3600 Series printers, assisting implement new features such as 1200 dpi image quality improvements, serial print speeds, and fast print speed. In addition, Cyclone IV FPGAs allow Ricoh to significantly reduce overall costs and design time during development.

Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools. The company offers PLDs, which comprise of field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), which are standard semiconductor integrated circuits or chips to perform logic functions in electronic systems; and PowerSoCs, which simplify and drive the miniaturization of power circuitry in the electronic systems.

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This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.




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