On Monday, in the course of current trade, Shares of Corning Incorporated (NYSE:GLW), dipped -1.89%, and is now trading at $18.91.
Corning Incorporated, declared that Meizu Technology Co., Ltd. has chosen Corning Gorilla Glass 3 with Native Damage Resistance(TM) for its new Meizu MX5 smartphone.
“As the trend toward slimmer, sleeker devices continues in the consumer electronics industry, Corning has responded by enabling its customers to use thinner Corning Gorilla Glass with the durability consumers have come to expect from the product,” said Li Fang, president and general manager, Corning Greater China. “Because of Corning`s long-standing relationship with Meizu in China, our companies were able to collaborate to bring the durability of Gorilla Glass 3 to the new Meizu MX5 at a remarkable thinness of 0.4 mm. This significantly contributes to the phone`s thin, sleek design and excellent user experience.”
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
During an Afternoon trade, Shares of ARRIS Group, Inc. (NASDAQ:ARRS), climbed 1.78%, and is now trading at $31.40.
ARRIS Group, declared that ARRIS and Pace plc. (PIC.L) have each received Requests for Additional Information from the United States Department of Justice (DOJ) in connection with ARRIS’s projected acquisition of Pace plc. This kind of request from the DOJ, often referred to as a “Second Request”, is part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after each company has substantially complied with its Second Request, unless that period is extended voluntarily by the companies or terminated sooner by the DOJ. The companies intend to respond to the requests as quickly as practicable and to continue to work cooperatively with the DOJ in connection with its review. Completion of the transaction remains subject to the expiration or termination of the waiting period under the HSR Act, the satisfaction of similar requirements in certain foreign countries, and satisfaction of other customary closing conditions, counting approval by the shareholders of both ARRIS and Pace. ARRIS continues to anticipate that the transaction will close in late 2015.
ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud.
Finally, Kellogg Company(NYSE:K), gained 0.60% Monday.
Kellogg Company, planned to issue its second quarter 2015 earnings results in a press release at about 8:00 am ET on Tuesday, August 4, 2015.
Kellogg Company, together with its auxiliaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments.
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