On Tuesday, Apple Inc. (NASDAQ:AAPL)’s shares declined -1.57% to $113.40.
Apple Inc. faces noteworthy challenges selling its larger and more powerful iPad Pro to businesses because companies are reluctant to switch software vendors and use an expensive device that lacks specialized business apps, analysts said.
Apple has at least one client so far: General Electric has given some of its 305,000 employees the option to use Apple devices at work, with 20,000 iPads and 60,000 iPhones now accessible in their offices. It is not clear how much this is worth for Apple, nor how it generates about $18 billion a year from the enterprise market.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Seadrill Ltd (NYSE:SDRL)’s shares dropped -2.71% to $6.82.
Seadrill Limited has notified Hyundai Heavy Industries Co Ltd. (“the Shipyard”) that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semisubmersible drilling unit (“Wst Mira” or “the Unit”).
The Unit was ordered during the second quarter of 2012 and the delivery date stated in the construction contract was by December 31, 2014. Due to the Shipyard`s inability to deliver the Unit within the timeframe required under the contract, the Company has exercised its cancellation rights.
Under the contract terms, Seadrill has the ability to recoup the $168 million in pre-delivery instalments to the Shipyard, plus accrued interest.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regardingsemi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
At the end of Tuesday’s trade, U.S. Bancorp (NYSE:USB)‘s shares dipped -1.01% to $41.10.
The Board of Directors of U.S. Bancorp (USB) has declared a quarterly dividend of $0.255 per common share payable October 15, 2015 to shareholders of record at the close of business on September 30, 2015. At this quarterly dividend rate, the annual dividend is equivalent to $1.02 per common share.
The Board of Directors also declared the following:
- A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.
- A regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp’s Series B Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.
- A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Adobe Systems Incorporated (NASDAQ:ADBE), ended its Tuesday’s trading session with 1.61% gain, and closed at $84.66.
Adobe (ADBE) declared a number of organizational changes to its executive team.
Senior Vice President David Wadhwani has decided to leave Adobe to pursue a CEO opportunity. The company declared Bryan Lamkin will lead the Digital Media business, which comprises Creative Cloud and Adobe Document Cloud. Lamkin, who presently leads the Document Cloud business in addition to Corporate Development and Technology, played a leading role in the success of both Photoshop and Creative Suite. Under Lamkin’s leadership, the company will further align Creative Cloud and Document Cloud product development and go-to-market efforts.
Abhay Parasnis, who joined Adobe in July as CTO and SVP of Cloud Technology, will also expand his current role. Parasnis’ charter is to drive the overall technology strategy, architecture, and innovation and integration roadmap for Adobe’s cloud services. He will now assume responsibility for Adobe’s Security and Research teams. Parasnis has 20 years of experience leading major cloud and platform initiatives at a number of enterprise companies.
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
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