On Wednesday, Shares of Ericsson (NASDAQ:ERIC), gained 0.46% to $10.91.
Ericsson, declared it will relocate its Montreal -based R&D and Services Centre to a new site located on Poirier St., fronting on the Trans-Canada Highway, in the City of Montreal , borough of Saint-Laurent .
The new facility will house the company’s more than 1700 employees in the area and the move is predictable to start at the end of 2016. The new Montreal office will provide Ericsson with an efficient and state-of-the-art work environment to effectively support business needs in Montreal well into the future.
Ericsson has operated in Canada since 1953 and recently has more than 3,500 employees across the country. In 2014, Ericsson invested more than $317 million in Canadian R&D, and ranks as one of the Top 10 R&D investors in the country with a total R&D investment in Canada of more than $4 billion CAD. The Montreal site is one of Ericsson’s largest R&D Centres outside Sweden . It is a leading player in the information and communications technology (ICT) ecosystem in Canada and has contributed 465 patents to Ericsson’s patent portfolio since 1986.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
Shares of Prospect Capital Corporation (NASDAQ:PSEC), declined -1.21% to $7.78, during its last trading session, hitting its lowest level.
Prospect Capital Corporation, declared that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates:
8.333 cents per share for May 2015 (record date of May 29, 2015 and payment date of June 18, 2015);
8.333 cents per share for June 2015 (record date of June 30, 2015 and payment date of July 23, 2015);
8.333 cents per share for July 2015 (record date of July 31, 2015 and payment date of August 20, 2015); and
8.333 cents per share for August 2015 (record date of August 31, 2015 and payment date of September 17, 2015).
These distributions mark Prospect’s 82nd, 83rd, 84th, and 85th successive cash distributions to shareholders.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
At the end of Wednesday’s trade, Shares of Annaly Capital Management, Inc. (NYSE:NLY), lost -0.60% to $9.98, hitting its lowest level.
Annaly Capital Management, declared additions to its Agency investment team and corporate infrastructure. “We’re fortunate that we have been able to attract additional talent to assist us grow and strengthen our Agency investment team and provide us additional planned corporate finance talent,” commented Wellington Denahan, Annaly’s Chief Executive Officer.
Kevin Keyes, Annaly’s President, said, “These enhancements to our team support the Company’s overall initiative of expanding prospects for future growth. They enable us to continue diversifying our business and sharpen our ability to deliver attractive, stable returns to our shareholders.”
Annaly Capital Management, Inc. (NLY), owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
Finally, Exxon Mobil Corporation (NYSE:XOM), ended its last trade with -0.47% loss, and closed at $88.19.
ExxonMobil Research Qatar (EMRQ) declared that ExxonMobil has awarded a global commercial license for Immersive 3D Operator Training Simulator technology to co-developer EON Reality Inc.
The innovative technology incorporates ultra-realistic, multi-angle immersive virtual reality for training process operators and engineers in oil and gas production, processing and transportation facilities. The technology enables effective training to take place in a safe and controlled environment.
The new technology also supports the development of simulators that combine dynamic process training and fully functional 3D models. These complex models comprise interactive 3D objects such as rotating valves, push-buttons and active gauges; natural gestures and voice commands; and improved 4D sensory conditions counting tactile feedback, odors, vibration and wind simulation.
The dynamic process simulator uses actual plant operating conditions to create realistic training scenarios for critical procedure execution, upset condition training, and emergency response training. Scenarios also can be created for workforce development, competency assurance, project commissioning support, new hire orientation, and more efficient turnaround/shutdown planning.
A full-scale simulator of an actual gas processing facility in Qatar has been operational since 2013, providing realistic training on more than 300 interactive control devices in six gas processing units.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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