On Friday, Shares of Corning Incorporated (NYSE:GLW), lost -2.50% to $17.52.
Corning Incorporated, declared a quarterly dividend on the company`s common stock of $0.12 per share, payable on Dec. 11, 2015, to holders of record on Nov. 13, 2015.
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.
Shares of International Paper Co (NYSE:IP), inclined 5.21% to $43.23, during its last trading session.
International Paper, declared that it has reached a definitive agreement with its Chinese coated board joint venture partner, Shandong Sun Holding Group Co., Ltd., to sell its 55% equity interest in the joint venture (IP-Sun JV). As consideration for the sale, the Company will receive RMB 149 million (or about US$23 million) in cash. Additionally, the Company will remove about $400 million of presently outstanding debt from the Company’s balance sheet, together with the other assets and liabilities of the IP-Sun JV, following completion of the transaction.
International Paper also declared recently that it is pursuing planned options for its corrugated box business in China and South East Asia and has signed a non-binding letter of intent with a prospective buyer based in China.
“International Paper undertook a thorough review of its position in serving the Chinese and Asian markets,” said Mark Sutton, International Paper Chairman and CEO. “The Company remains committed to serving these very important markets, but concluded we could be more effective supplying this region with globally competitive products primarily through our Ilim joint venture in Russia and from the U.S.”
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging.
Finally, Vipshop Holdings, (NYSE:VIPS), ended its last trade with -2.47% loss, and closed at $18.17.
The stock was trading on below-average volume. The stock traded at a volume of 6,499,400 shares at a price loss of -2.47%. The share price is now down -20.90% for the past three months. Latest closing price was -0.20% below its 50-day moving average and -21.09% below its 200-day moving average.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
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