During Thursday’s Current trade, Shares of 21Vianet Group Inc (NASDAQ:VNET), gain 2.54% to $17.17.
Server Farm Realty, LLC (SFR), one of the nation’s most innovative, privately-owned data center developers, and 21Vianet Group, Inc. (VNET), (“21Vianet”), a leading carrier-neutral Internet data center services provider in China, recently declare a planned partnership to offer data center infrastructure and services, network connectivity, and cloud and Information and Communications Technology (ICT) solutions to support multinational companies’ IT infrastructure deployment and business development in China in addition to the U.S.
Under this partnership and with support from Server Farm Realty, 21Vianet also launches its first U.S. data center, US-SV1, in Santa Clara, CA. The companies’ successful partnership on this newly built data center facility in Silicon Valley provides advanced data center architecture and enterprise-class solutions in support of Chinese customers.
On this platform, 21Vianet and SFR have successfully delivered a first customer project in Santa Clara for a leading cloud computing solution provider from China. This project, which held an official service launch event on June 12, 2015, plays a key role for the customer’s launching of its first full cloud services suite in the United States with the support by 21Vianet and SFR.
21Vianet Group, Inc. provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small- to mid-sized enterprises in the People’s Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services. The company’s hosting and related services comprise managed hosting services that offer data center space to customers servers and networking equipment and provide tailored server administration services; and interconnectivity services that allow customers to connect their servers with Internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network.
Shares of Central Fund of Canada Limited (USA)(NYSEMKT:CEF), inclined 0.19% to $10.82, during its current trading session.
Sprott Asset Administration LP (“Sprott”) recently commented on Central Fund of Canada Limited’s (“CEF”) (NYSE MKT:CEF) (TSX:CEF.A) (TSX:CEF.U) decision to cancel its formerly planned Special Meeting of Class A shareholders, thus denying Class A shareholders the opportunity to express their desire for change. Class A shareholders have a 99.98% economic interest in CEF, a company that is controlled by conflicted directors and common shareholders with less than a 0.02% economic interest.
Sprott also declared that it has filed a notice of appeal in the Alberta court in connection with last week’s decision regarding the meeting requisition presented by Sprott and other noteworthyholders of Class A shares to CEF’s Board of Directors.
In addition to its intended appeal, Sprott, as a noteworthyholder of Class A shares, continues to consider its options with respect to a meeting or other appropriate avenue for Class A shareholders to express their views regarding the governance and performance issues at CEF, particularly in light of the persistent and large trading discount of Class A shares relative to their net asset value — a discount that is presently in excess of 10.5%.
Paragon Offshore PLC (NYSE:PGN), during its Thursday’s current trading session gained 4.45% to $0.689.
Paragon Offshore plc (PGN) stated second quarter 2015 net income of $47.3 million, or $0.51 per diluted share as contrast to second quarter 2014 net income of $95.0 million, or $1.12 per diluted share. Results for the quarter comprise a $4.1 million, or $0.04 per diluted share, loss on the sale of an asset and a $1.7 million, or $0.02 per diluted share, non-cash impairment charge related to assets which the company formerly declared it had decided to retire from service. Not taking into account the above charges, Paragon’s adjusted net income (see Reconciliation of GAAP to Non-GAAP Financial Measures Table for a reconciliation to net income) was $53.1 million, or $0.57 per diluted share.
Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.
Finally, Fortune Brands Home & Security Inc (NYSE:FBHS), gained 1.69%, to $48.15.
Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, declared second quarter 2015 results from ongoing operations and updated its 2015 annual outlook for earnings per share.
Second Quarter 2015
For the second quarter of 2015, sales were $1.17 billion, an enhance of 13 percent over the second quarter of 2014. Earnings per share were $0.48, contrast to $0.51 in the preceding-year quarter. EPS before charges/gains were $0.59, contrast to $0.51 the same quarter last year. Operating income was $128.2 million, contrast to $125.5 million in the preceding-year quarter. Operating income before charges/gains was $150.5 million, contrast to $125.6 million the same quarter last year.
For each segment in the second quarter of 2015, contrast to the preceding-year quarter:
- Cabinet sales raised 18 percent to the preceding year. Not taking into account the impact of the Norcraft acquisition, sales raised 8 percent, with the dealer channel growing 10 percent and in-stock cabinet and vanities increasing high teens.
- Plumbing sales raised 5 percent, with growth across the U.S. wholesale and retail channels, offset somewhat by the impact of Canadian currency and slower China sales.
- Door sales were up 6 percent with growth in both the wholesale and retail channels.
- Security sales raised 28 percent driven by the SentrySafe acquisition.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America.
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