On Wednesday, Apache Corporation (NYSE:APA)’s shares declined -2.35% to $57.66.
Apache Corporation (APA) declared it has accomplished the formerly revealed sale of its Australian partner Apache Energy Limited to a consortium of private equity funds managed by Macquarie Corporate Holdings Limited and Brookfield Asset Administration Inc. (BAM) (BAM-A.TO) (BAMA.NX). Total proceeds of $1.9 billion are net of $225 million in customary, post-closing adjustments for the period between the effective date, October 1, 2014, and closing.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada. The company also operates assets in Egypt, Australia, and offshore the United Kingdom in the North Sea. As of December 31, 2014, it had total estimated proved reserves of 1,074 million barrels of crude oil, 282 million barrels of natural gas liquids, and 6.2 trillion cubic feet of natural gas.
Align Technology, Inc. (NASDAQ:ALGN)’s shares dropped -3.11% to $62.29.
Align Technology, Inc. (ALGN) a dental-equipment maker, slid the most in more than four months after the U.S. Patent and Trademark Office rejected one of its patents for clear orthodontic braces and agreed to re-examine two others.
The shares fell 3.1 percent to $62.29 at the New York close, their biggest decline since January.
ClearCorrect LLC, one of Align’s competitors, said in a statement Wednesday that the patents were too similar to existing treatments, and it had asked the patent office to revisit them. It challenged four of Align’s patents in total and said it anticipates the patent office to re-examine the fourth as well. ClearCorrect had formerly been found to be infringing the same patents in a May 2013 International Trade Commission ruling. Of Align’s $198.1 million in first-quarter revenue, about 94 percent came from clear aligners, which straighten teeth with hard-to-see retainers instead of metal braces. The company has more than 350 patents in its portfolio, so it’s difficult to say whether losing just one is significant, Goldman Sachs analyst Robert Jones said in a note. Yet it could lead to concerns that its other patents aren’t stable.
Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) services for use in dentistry, orthodontics, and dental records storage in the United States and internationally.
At the end of Wednesday’s trade, Electronic Arts Inc. (NASDAQ:EA)‘s shares surged 2.58% to $64.48.
Electronic Arts Inc. (EA) declared that EA SPORTSTM NHL® 16 will be hitting store shelves on September 15, 2015 in North America and September 17, 2015 in Europe. Built with more fan feedback and insights than ever before, NHL 16 delivers your most requested features and modes together with new experiences that make NHL bigger and better. With new levels of depth across single player and team modes, combined with improved gameplay balance and innovation in addition to new tools to assist you play at your highest level, NHL 16 puts you into the heart of a team, where you’ll play together and win together. Watch the NHL 16 Official E3 gameplay trailer now.
Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions. It develops and publishes digital interactive entertainment games primarily under the The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, FIFA Soccer, Need for Speed, Dragon Age, and Plants vs. Zombies brand names.
Texas Instruments Incorporated (NASDAQ:TXN), ended its Wednesday’s trading session with 0.38% gain, and closed at $53.29.
Texas Instruments Incorporated (TXN) announced the new Sitara™ AM4376 processor offering an ARM® Cortex®-A9-based solution starting at $7. This 300 MHz processor extends the Sitara processor portfolio with a scalable, pin-compatible processor that’s an economical option for customers looking to benefit from the peripherals in the Sitara AM437x family. The AM437x processors integrate support for industrial protocols for automation and industrial drives making them ideal for applications such as building automation, telecom infrastructure, industrial tools, and more.
Highlights of Sitara AM437x processors:
- Offered in commercial (0 to 90C), industrial (-40 to 90C) and extended (-40 to 105C) junction temperature ranges
- Four pin compatible and software compatible processor options: AM4376, AM4377, AM4378 and AM4379
- The AM437x family has offerings in 300MHz, 800MHz and 1GHz options and well as optional 3D graphics acceleration for enhanced user interfaces
As part of the Sitara AM437x family, the new AM4376 processor contains a programmable real-time unit, industrial communications subsystem (PRU-ICSS) that offloads tasks from the ARM so developers can save cost and differentiate their designs. The PRU-ICSS can replace expensive FPGAs by handing the deterministic, real-time operations that an FPGA would perform in a control system. This PRU technology enables industrial automation protocols and motor position feedback control enabling applications that require real-time control of motors, actuators and sensors.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.