On Tuesday, Himax Technologies, Inc. (ADR)(NASDAQ:HIMX)’s shares declined -4.62% to $6.60.
Himax Technologies, Inc. (HIMX) declares an industry-leading, ultra-low power consumption eDP 1.4 timing controller (“TCON”) that supports ultra-high resolution panels for tablets, notebooks and monitors. Himax is one of very few pioneers who have enabled the next generation development of ultra-high resolution panels with a total solution that successfully addresses the power consumption issue. Leading LCD panel makers and system OEMs in Korea, China, Taiwan, and Japan are actively adopting this new technology, and Himax is planning to enter mass production in the fourth quarter of 2015.
Himax’s eDP 1.4 TCON is unique and very competitive in that it pairs with nVIDIA’s G-SYNC(TM) and AMD’s FreeSync(TM) technologies for graphic cards to process 3D graphics on ultra-high resolution displays, eliminating screen tearing and minimizing stutter and input latency. For gamers or anyone looking for superior visuals on ultra-high resolution devices, eDP 1.4 TCON is key to achieve such performance. The eDP 1.4 TCON supports up to the latest G-SYNC(TM) version 1.0, a development beyond industry pace.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
F.N.B. Corp(NYSE:FNB)’s shares dropped -3.03% to $12.18.
F.N.B. Corporation (FNB) and Metro Bancorp, Inc. (METR) jointly declared the signing of a definitive merger agreement following which F.N.B. Corporation will acquire Metro Bancorp, Inc., the holding company and parent of Metro Bank, in an all stock transaction valued at about $32.72 per share, or $474 million in the aggregate, using the closing stock price of FNB as of Monday, August 3, 2015.
The acquisition of the Harrisburg-based bank will provide FNB with about $3.0 billion in total assets, counting $2.4 billion in total deposits, $2.1 billion in total loans and 32 banking offices located in the Harrisburg, York, Lancaster, Reading and Lebanon MSAs. The transaction will enhance FNB’s distribution and scale across Central Pennsylvania and strengthen its position as the largest Pennsylvania-based regional bank, moving its state deposit market share rank to a top five position. With the acquisition of Metro, FNB will have $19.6 billion in assets, counting $14.7 billion in total deposits, $13.7 billion in total loans and more than 300 full service banking offices.
F.N.B. Corporation, a financial holding company, provides various financial services to consumers, corporations, governments, and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. It operates through four segments: Community Banking, Wealth Administration, Insurance, and Consumer Finance. The Community Banking segment offers various services, counting commercial and individual demand, savings, and time deposit accounts; and commercial, mortgage, and individual installment loans.
At the end of Tuesday ‘s trade, Norfolk Southern Corp.(NYSE:NSC)‘s shares dipped -2.82% to $75.71.
Norfolk Southern Corporation (NSC) Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at the Cowen and Company 8th Annual Global Transportation Conference.
What: Cowen and Company 8th Annual Global Transportation Conference
When: Wednesday, Sept. 9, 10:40 a.m. EDT
Where: Boston Harbor Hotel, Boston, Mass.
Webcast URL: http://wsw.com/webcast/cowen26/nsc
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services.
ITC Holdings Corp.(NYSE:ITC), ended its Tuesday ‘s trading session with -2.29% loss, and closed at $31.95.
ITC Holdings Corp. (ITC) declared its results for the second quarter and six month period ended June 30, 2015.
Stated net income for the second quarter, measured in accordance with Generally Accepted Accounting Principles (GAAP), was $72.3 million, or $0.46 per diluted common share, contrast to $54.3 million or $0.34 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, stated net income was $139.5 million, or $0.89 per diluted common share, contrast to $123.5 million, or $0.78 per diluted common share for the same period last year.
Operating earnings for the second quarter were $80.8 million, or $0.52 per diluted common share, contrast to operating earnings of $72.7 million, or $0.46 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, operating earnings were $153.9 million, or $0.98 per diluted common share, contrast to operating earnings of $142.5 million, or $0.90 per diluted common share for the same period last year.
ITC invested $331 million in capital projects during the six month period ended June 30, 2015, counting $82.8 million at ITCTransmission, $51.2 million at METC, $182.9 million at ITC Midwest, $10.0 million at ITC Great Plains and $4.1 million of Development and Other.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage transmission facilities in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma.
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