Current Trade News Report on: Brookdale Senior Living, Inc. (NYSE:BKD), Rack space Hosting, Inc. (NYSE:RAX), Ally Financial Inc (NYSE:ALLY)

Current Trade News Report on: Brookdale Senior Living, Inc. (NYSE:BKD), Rack space Hosting, Inc. (NYSE:RAX), Ally Financial Inc (NYSE:ALLY)

- in Business & Finance
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During Monday’s Morning trade, Shares of Brookdale Senior Living, Inc. (NYSE:BKD), gained 1.96% to $23.37.

Brookdale Senior Living, declared that administration will take part in a negotiation regarding the Company at the Goldman Sachs Emerging/SMID Cap Growth Conference on November 19 in New York, New York on Thursday, November 19, 2015, startning at 3:10 p.m. Eastern Time.

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Ongoing Care Retirement Communities (CCRCs)Rental, Brookdale Ancillary Services, and Administration Services.

Shares of Rack space Hosting, Inc. (NYSE:RAX), inclined 3.30% to $27.82, during its current trading session.

Rackspace, declared the general availability release of Managed Cloud for Adobe Experience Manager (AEM). The offering provides a managed automation platform built on Amazon Web Services (AWS) to overcome the complexity of hosting, configuring, and operating Experience Manager, all backed by Rack space Fanatical Support and expertise.

Rackspace Managed Cloud for AEM simplifies and accelerates AEM deployments for digital marketing leaders. Deployments of AEM that used to take weeks can now take as little as thirty minutes. These expertly architected and pre-configured environments comprise ongoing proactive planning and guidance with 24x7x365 support for the application layer and infrastructure. With this solution, customers can now deploy new or clone existing AEM environments faster, enabling developers and marketing leaders to produce sites even quicker than before.

“AEM is the perfect fit for our university because it allows us to achieve optimal uptime and performance and cater our site to specific audiences, but we don’t have the time or resources in-house to manage it all ourselves,” said Scott Kilmer, director of online marketing at Abilene Christian University (ACU). “We turned to Rackspace Managed Cloud for Adobe Experience Manager for their expertise in AEM and Fanatical Support on top of whatever infrastructure suits our organization best. Rackspace goes above and beyond traditional client-vendor relationships to ensure we are successful, so ACU can focus on growing our university and keeping students and parents informed.”

Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide.

Finally, Shares of Ally Financial Inc (NYSE:ALLY), gained 0.15%, and is now trading at $ 20.03.

Ally Financial, declared that it received approval from the Federal Reserve to redeem 1,288,301 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series G (Series G Preferred Shares). The shares will be redeemed at a price of $1,000 per share plus all accrued and unpaid dividends through the redemption date, for a total of $1,005.64 per share. The redemption date will be Dec. 14, 2015.

“The elimination of all remaining Series G Preferred Shares will decrease our preferred dividend burden and allow the company to optimize future capital administration to drive shareholder value,” said Chief Executive Officer Jeffrey Brown. “Addressing this remaining legacy security will remove the restriction the company had on offering common equity distributions and position Ally to meet its objective of initiating a dividend and share repurchase program in 2016.”

The terms of the Series G Preferred Shares, which were developed during the financial crisis, prohibited the company from offering a dividend on common equity shares. In April 2015, Ally redeemed about $1.3 billion of its Series G Preferred Shares.

Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.

 

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