On Wednesday, Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), gain 0.25% to $20.01.
Taiwan Semiconductor gave revenue guidance below analysts’ estimates, putting the chipmaker on track for its first quarterly sales drop in four years amid a weak smartphone market, according to Bloomberg.
Fourth-quarter sales will be NT$198 billion to NT$204 billion, the world’s largest customer chipmaker said, contrast with estimates for NT$213 billion.
The surprise declarement comes as the maker for Apple Inc., Qualcomm Inc. and MediaTek Inc. suffers from sluggish global demand for the semiconductors used in smartphones, personal computers and tablet computers. Chairman Morris Chang said in July the slow rate at which chip inventories were declining was “not a very good omen” for fourth-quarter sales.
The company also raised its third-quarter sales outlook to NT$211 billion to NT$213 billion, assisted by a more favorable U.S. dollar exchange rate. That contrast with a July outlook for sales of as much as NT$210 billion. Bloomberg Reports
Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks.
Shares of General Motors Company (NYSE:GM), declined -1.07% to $29.71, during its last trading session.
General Motors Company (NYSE:GM) in the US is facing a penalty of 900 million dollars (£577 million) for fitting faulty ignition switches to cars 13 years ago. The problem came to light after a huge recall of affected vehicles that showed the ignition switches in many of GM’s cars would ignore or delay important safety messages due to an internal fault.
General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial).
Shares of Staples, Inc. (NASDAQ:SPLS), declined -1.82% to $12.40, during its last trading session.
Staples declared that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on October 15, 2015, to shareholders of record on September 25, 2015.
Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations.
Finally, Banco Santander, S.A. (ADR) (NYSE:SAN), ended its last trade with -2.76% loss, and closed at $5.28.
Banco Santander SA on Wednesday laid out financial targets for the next several years that were broadly in line with previous aims, disappointing some investors and analysts who had hoped for more ambitious objectives, according to WSJ.
Santander, Europe’s second largest bank by market value, said it is targeting a capital ratio of more than 11% by 2018. Its common equity Tier 1 “fully loaded” capital ratio was 9.8% as of June and it had already set its sights on 10% to 11% over the next several years.
A bank’s capital ratio is the amount of equity it holds in relation to risk-weighted assets. Concerns about Santander’s capital levels have dogged Executive Chairman Ana Botín and weighed on the bank’s stock despite a EUR7.5 billion share sale in January of this year.
That massive sale assisted to momentarily assuage long-standing investor concerns that Ms. Botín’s predecessor as executive chairman, her late father Emilio Botín, had shirked the financial health of the bank’s balance sheet. But relief proved fleeting as analysts and investors look to the future and fret about mounting regulatory requirements, with Santander coming up short contrast to its competitors. WSJ Reports
Banco Santander, S.A. is a Spain-based banking company. The Bank’s business segments comprise Retail Banking, which comprises customer banking businesses; Global Wholesale Banking (GBM), which comprises global corporate banking, investment banking and markets; Private Banking, Asset Administration and Insurance, which comprise design and administration of mutual and pension funds and insurance, and Spain’s run-off real estate, which comprises loans to customers in Spain.
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