On Friday, Shares of DealerTrack Technologies Inc (NASDAQ:TRAK), lost -0.27% to $62.34.
Cox Automotive, and Dealertrack Technologies, declared that the acquisition of Dealer track by Cox Automotive following the Agreement and Plan of Merger dated as of June 12, 2015 is now predictable to close in October 2015.
Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that assist to optimize various shoppers to their Websites; dealer administration solutions, which provide dealer administration system featuring tools and real-time data access; and F&I solutions that allow dealers to streamline the in-store and online sales, in addition to financing processes.
Shares of Goldman Sachs Group Inc (NYSE:GS), inclined 1.55% to $179.66, during its last trading session.
Goldman Sachs Asset Administration, declared the launch of its first exchange-traded fund (“ETF”), the ActiveBeta US Large Cap Equity ETF (GSLC).The fund is the first in a series of ETFs that will track GSAM’s proprietary ActiveBeta® index.
“We are excited to enter the ETF market,” said Tim O’Neill, Global Co-Head of the Investment Administration Division, which comprises GSAM. “Our approach to ETFs continues our legacy of investment innovation and at a cost that makes them accessible to all investors.”
The ActiveBeta US Large Cap Equity ETF (GSLC) shares many of the same benefits of traditional ETFs—a defined strategy, diversified exposure to stocks and low costs—but it is powered by the Goldman Sachs ActiveBeta® index, a performance-seeking methodology from Goldman Sachs that delivers the potential to outperform the market.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment administration company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Administration.
At the end of Friday’s trade, Shares of State Street Corp (NYSE:STT), gained 1.54% to $68.77.
The SPDR Exchange Traded Fund listed in the table below, declared that the Fund received a payment as an authorized claimant from a class action settlement related to Hospira, Inc. (NYSE:HSP).
The total payment to be received by the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Friday, September 25, 2015, it is estimated that the Fund’s NAV will be influenced in the amount stated below based on shares outstanding as of September 23, 2015.
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.
Finally, Citrix Systems, Inc. (NASDAQ:CTXS), ended its last trade with -1.44% loss, and closed at $71.92.
Citrix declared that the company has been named as a leader in the Forrester Research, Inc. report, The Forrester Wave: Server-Hosted Virtual Desktops (VDI), Q3 2015. The report evaluated seven vendors based on 26 criteria, counting current offering, strategy and market presence.
According to the report, the “XenDesktop VDI offering is distinctive at several levels, from the user experience with Citrix Receiver endpoint clients that offer native HDX protocol support on all device and OS platforms to rich 3D graphics and multiple 4K monitor support and sophisticated features for multimedia and videoconferencing performance.” The report also noted that Citrix offers a “clever Wi-Fi-based mouse that works with the Citrix Receiver on the iOS platform.”
Citrix also received the highest scores for strategy and current offering, and is the only solution in the evaluation to offer FIPS 140-2 compliance, key encryption standard required by Federal government agencies. The report states that “on the back end, application layering and personal vDisks assist customers make better use of storage resources with pooled desktop instances, and customers can deploy them on Citrix, VMware or Microsoft hypervisors – a noteworthyadvantage.”
The report notes that “Citrix merged its platforms in 2014, and finally has a single administration console for the whole VDI stack” and that “XenDesktop is also part of the most complete suite of digital workspace delivery systems technologies in the industry, which comprises XenApp for proven session-hosted desktop capabilities if desired.”
Citrix Systems, Inc. provides virtualization, mobility administration, networking, and Software as a Service solutions worldwide. The company’s Enterprise and Service Provider division offers XenMobile Enterprise, a solution to manage mobile devices, apps, and data; XenDesktop, a desktop virtualization system that gives customers the flexibility to deliver desktops and applications as cloud services; Citrix XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients; and Citrix Workspace Suite, a business mobility solution that delivers the user experience for any app or desktop.
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