On Friday, Shares of EMC Corporation (NYSE:EMC), gained 2.02% to $24.69.
EMC Corporation, has declared a quarterly cash dividend of $0.115 per common share. The dividend will be payable on October 23, 2015 to shareholders of record as of October 1, 2015.
In other news, WANdisco (WAND.L) the leading provider of continuous-availability software for global enterprises to meet the challenges of Big Data, recently declared a new partnership with industry-leading storage systems vendor EMC Corporation (EMC). Through this partnership, large enterprises with production Hadoop deployments can take advantage of the unique capabilities offered by combining EMC Elastic Cloud Storage (ECS) and EMC Isilon storage systems with WANdisco Fusion™ patented replication technology.
With WANdisco Fusion, Hadoop clusters running on EMC’s ECS and Isilon storage systems, in addition to other HDFS compatible storage in both public and private cloud environments integrate to provide a consistent view of an organization’s data across all clusters and locations, without downtime or data loss, to meet the most demanding SLAs. At the same time, customers can scale up their Hadoop deployments to double their current size by converting formerly read-only standby backup and recovery servers and clusters to full production use.
WANdisco Fusion offers a flexible, easy-to-deploy architecture that can be implemented across mixed storage environments, counting Oracle BDA, Cloudera, Hortonworks (HDP), EMC Isilon and Elastic Cloud Storage, and MapR. With all platforms, the functionality is the same.
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM), inclined 3.55% to $55.07, during its last trading session.
The Company has revealed insider buying and selling activities to the Securities Exchange, According to the information revealed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, QTI & Co-President, QCT) of Qualcomm Inc/De, Amon Cristiano R had sold 2,737 shares worth of $146,621 in a transaction dated October 1, 2015. In this transaction, 2,737 shares were sold at $53.57 per share.
In related news, QUALCOMM, declared its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these planned investments.
Qualcomm has been investing in promising Indian startups since 2007 and there are more than 20 Indian companies as part of its global portfolio. Sectors of investment vary across the mobile ecosystem and comprise hardware, software platforms, e-commerce, healthcare, location based services and retail technology. Initiatives such as the QPrize™ competition, a global seed investment competition, in addition to an early stage fund, are part of the team’s efforts in encouraging early stage entrepreneurs.
Qualcomm directly invests in Indian mobile and internet start-up companies to keenly foster the local ecosystem. Portfolio companies comprise Yourstory, a media tech platform for entrepreneurs; Portea Medical, an in-home healthcare provider; and MapMyIndia, a provider of digital map, navigation, and tracking products and services. Indian companies receiving funding can benefit from Qualcomm’s insights on mobile technologies and utilize Qualcomm’s relationships throughout the industry. Qualcomm Ventures’ India team also provides unique support through its comprehensive knowledge and understanding of the region.
QUALCOMM Incorporated (Qualcomm) designs, manufactures and market digital communications products and services based on Code Division Multiple Access (CDMA), Orthogonal Frequency Division Multiple Access (OFDMA) and other technologies. The Company’s products comprise of integrated circuits and system software used in mobile devices and in wireless netoperates.
Shares of Penn West Petroleum Ltd (USA) (NYSE:PWE), inclined 20.00% to $0.600, during its last trading session.
Penn West Petroleum, is trying to avoid parting with its best assets as the oil market crash brings its debt into focus. The company appears to be running out of other options.
Penn West has exceeded a target set with its debt holders of selling C$650 million ($489 million) of assets outside its areas of focus, with a deal declared Thursday to dispose of its 9.5 percent stake in the Weyburn oil field in southeast Saskatchewan for C$205 million. That brings the total sold this year to C$810 million, not enough to keep debt in check, according to Desjardins Capital Markets and Dundee Capital Markets Inc. estimates.
“Frankly, I think they have to sell one of their jewels if they want to survive, the jewel being the Viking, most likely,” Brian Kristjansen, an analyst at Dundee in Calgary, said in a phone interview. The Viking tight oil asset in Saskatchewan produces light crude, generates high returns and is probably worth at least C$800 million, he said, which would bring Penn West’s total asset sales to at least C$1.61 billion.
Penn West Petroleum Ltd. (Penn West) is a Canada-based senior exploration and production company. The Company operates to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada sedimentary basin directly and through investments in securities of auxiliaries holding such interests. The Company’s portfolio of properties comprises both unitized and non-unitized oil and natural gas production.
Finally, SouFun Holdings Ltd (NYSE:SFUN), ended its last trade with 9.70% gain, and closed at $7.24, after Hong Kong stocks rallied and Chinese policy makers said they will improvement targeted stimulus.
Hong Kong markets reopened recently after a holiday on Thursday, finishing trading up 3% to 9,686.64 in the market’s biggest gain in three weeks and a rebound from the biggest quarterly loss in three years, according to Bloomberg.
After five interest rate reductions failed to spark a financial turnaround, China’s government said it is increasing targeted stimulus, Bloomberg reports.
The People’s Bank of China lowered the minimum home down payment for first-time buyers, policy makers reduced a tax on passenger-vehicle purchases and Beijing said it might prop up Macau’s economy, Bloomberg notes.
SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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