On Friday, Shares of Bank of America Corporation (NYSE:BAC), lost -1.03% to $16.35.
Santa Monica, CA-based WWE Studios has closed on a revolving credit facility worth $35 million with Bank of America Merrill Lynch (BofAML). The deal comes after a multi-year successful run by the production company.
With this new arrangement, WWE Studios anticipates to extend and grow their partnership base, which already comprises Warner Bros., Lionsgate and 20th Century Fox. The proceeds of the facility will allow WWE Studios to execute further on its key strategy for long-term growth, increasing the number of mid-size budgets films, similar to The Call and Oculus, on its slate. The funds will also go toward the expansion of the acquisition slate.
With all new productions and ventures, WWE Studios will leverage WWE’s extensive platforms from weekly TV shows, counting WWE’s flagship programs, Monday Night Raw® and SmackDown®, to digital, social media, and the WWE Network, to market and promote its titles.
Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.
Shares of Glu Mobile, Inc. (NASDAQ:GLUU), inclined 3.55% to $6.70, during its last trading session.
Glu Mobile, declared that the company will create a free-to-play mobile game under license from Paramount Pictures in coordination with the theatrical release of the new film Mission: Impossible - Rogue Nation. Designed and developed in close creative partnershipwith the filmmakers at Skydance Productions, Glu’s game will deliver the action of the Mission: Impossible franchise to mobile audiences worldwide this summer.
Paramount Pictures and Skydance Productions present a Tom Cruise / Bad Robot Production, “MISSION: IMPOSSIBLE – ROGUE NATION.” With the IMF disbanded and Ethan (Tom Cruise) out in the cold, the team now faces off against a network of highly skilled special agents, the Syndicate. These highly trained operatives are hellbent on creating a new world order through an escalating series of terrorist attacks. Ethan gathers his team and joins forces with disavowed British agent Ilsa Faust (Rebecca Ferguson), who may or may not be a member of this rogue nation, as the group faces their most impossible mission yet. Starring Tom Cruise, Jeremy Renner, Simon Pegg, Rebecca Ferguson, Ving Rhames, Sean Harris and Alec Baldwin.
The film is directed by Christopher McQuarrie, with a screenplay by Christopher McQuarrie and story by Christopher McQuarrie and Drew Pearce. Based on the television series created by Bruce Geller. Produced by Tom Cruise, J.J. Abrams and Bryan Burk. The executive producers are David Ellison, Dana Goldberg and Don Granger of Skydance Productions and Jake Myers.
Paramount Pictures will distribute “MISSION: IMPOSSIBLE – ROGUE NATION” on July 31, 2015.
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, counting Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports.
At the end of Friday’s trade, Shares of Kate Spade & Company (NYSE:KATE), lost -0.40% to $27.49.
Kate Spade & Company, will webcast its Annual Meeting of Stockholders to the general public on Tuesday, May 19, 2015, starting at 10:00 a.m. Eastern Time. This webcast can be accessed via the Investor Relations section of the Kate Spade & Company website at www.katespadeandcompany.com. An archive of the webcast will be accessible through Tuesday, June 16, 2015.
Kate Spade & Company, together with its auxiliaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group.
Finally, Infosys Ltd. (NYSE:INFY), ended its last trade with 1.21% gain, and closed at $31.07.
Infosys Limited, together with the Institute for Industrial Administration (FIR) at the University of Aachen, Germany (RWTH) published the results of a global study on asset efficiency. The study’s objective was to measure the maturity of asset efficiency strategies in industrial manufacturing worldwide. The study polled more than 400 industrial manufacturing and process industry executives in China, France, Germany, the United Kingdom and the United States across several sectors counting aerospace, automotive, electronics and machinery.
Key findings of the study:
- 85 percent of manufacturing companies globally are aware of the potential of technologies in increasing asset efficiency. However, only 15 percent of enterprises surveyed have already implemented dedicated strategies to this end by analyzing machine data
- 57 percent of companies measure the operational efficiency of production machinery and production systems with indicators, but only 13 percent do this in real-time
- 13 percent of companies use real-time data for maintenance. This varies by country with Germany and France reporting lower levels, nine and six percent respectively, and the United States at 21 percent
- While 81 percent of respondents are aware of the potential of machine condition surveillance for enhancing maintenance, only 17 percent have put such principles into practice
- 89 percent are aware of the high potential of information efficiency, yet only 11 percent have systematically implemented this.
Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Its solutions comprise business IT services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
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