On Tuesday, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)’s shares inclined 0.95% to $17.98.
Studio City International Holdings Limited, a company in which Melco Crown Entertainment Limited (MPEL) owns a 60% interest and Taubman Asia, a partner of U.S. mall REIT, Taubman Centers, Inc. (TCO), recently unveiled an all-star lineup of fashion brands that will open doors at Macau’s latest, and arguably, best curated retail space, The Boulevard at Studio City.
The Boulevard at Studio City will bring an unparalleled shopping experience to Asia’s entertainment capital, Studio City. Unlike any retail offering to be found in Asia, the unique 35,000-square-meter ‘immersive’ retail entertainment environment brings shopping to life by ‘transporting’ visitors to high-energy street-scapes and entertaining them at every turn with featured streets and squares inspired by iconic shopping and entertainment locations, counting New York’s Times Square and Hollywood’s Beverly Hills. At the futuristic Times Square Macau, inside The Boulevard at Studio City, a variety of entertainment from ‘virtual’ musicians to film stars will be shown through holographic projections.
A first-of-its-kind in Macau, The Boulevard at Studio City is the ‘go to’ destination in Macau, showcasing sophisticated, prestigious fashion brands as befits a trendsetter. It promises to deliver a mix of premium contemporary and bespoke offerings for the discerning consumers, in a Hollywood glamor-inspired environment, where fashion is the focus.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
MBIA Inc. (NYSE:MBI)’s shares gained 0.63% to $6.39.
Marriott International’s award winning #LoveTravels campaign is launching a new portrait and video series featuring recognized Latino influencers Diane Guerrero (OITNB, Jane the Virgin), Diego Boneta (Scream Queens), and Boyce Avenue (YouTube music sensation). #LoveTravels encourages all travelers to explore their personal passions, and celebrate their unique perspectives and experiences.
The stories from the new #LoveTravels ambassadors reflect how travel is a transformative experience and a bridge between cultures, careers and families. Diego, Diane and Boyce Avenue, who are deeply proud of their heritage, talk about what it means for them to be Latino and American, their passion for human rights and the empowerment of the Latino community.
Marriott International, Inc. operates franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.
At the end of Tuesday’s trade, Avago Technologies Ltd (NASDAQ:AVGO)‘s shares dipped -1.3% to $108.51.
Avago Technologies Limited (AVGO), a leading supplier of analog interface components for wireless, wireline, storage and industrial applications, recently declared the general availability of its 40G bidirectional (BiDi) multimode fiber (MMF) QSFP+ transceiver module, the AFBR-79EBPZ, designed for high-speed data center interconnect and networking applications. Based on innovative 2x20G BiDi optics, the module enables 40GbE links on existing installed LC duplex multimode fiber of 10G network, providing a cost-effective upgrade path to 40G Ethernet in the data center. The AFBR-79EBPZ supports 40GbE data transfer over 100 meters of OM3 fiber or 150 meters of OM4 fiber.
Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, and optical laser and receiver components. +
Zions Bancorporation (NASDAQ:ZION), ended its Tuesday’s trading session with -1.52% loss, and closed at $26.52.
Zions Bancorporation (ZION) stated second quarter net income of $14.0 million and a net loss applicable to common shareholders of $(1.1) million, or $(0.01) per diluted common share. During the second quarter, the Company sold the remaining portfolio of its collateralized debt obligation (“CDO”) securities and recognized a one-time pretax loss of about $137 million, or $0.42 after-tax per diluted common share. Shareholders’ equity was not adversely affected as the loss had been formerly recognized in accumulated other comprehensive income (“AOCI”). Not taking into account the loss, net earnings applicable to common shareholders was $83.4 million, or $0.41 per diluted common share, for the second quarter of 2015, contrast to $75.3 million, or $0.37 per diluted common share, for the first quarter of 2015.
Second Quarter 2015 Highlights
- Credit quality metrics were generally stable with a decrease in nonaccruing loans and a slight enhance in classified loans from the preceding quarter. Annualized net charge-offs were 0.11% of average loans. The overall effect contributed to a $0.6 million provision for loan losses.
- Total noninterest expense was $404 million during the second quarter and $802 million year-to date. Certain one-time and seasonal expenses during the second quarter of 2015 were partially offset by other expense credits, counting insurance recoveries of $9.2 million. The Company is maintaining its commitment to hold noninterest expenses below $1.6 billion in 2015 and 2016.
- Loan balances, not taking into account energy-related loans, raised $128 million during the second quarter contrast to a $25 million enhance during the first quarter calculated on the same basis. Energy-related loans declined $284 million linked quarter. Overall, net loans and leases declined $156 million during the second quarter.
Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash administration and related products and services; and residential mortgage servicing and lending.
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