On Wednesday, Gold Fields Limited (ADR) (NYSE:GFI)’s shares inclined 1.45% to $2.79.
Gold Fields Limited (ADR) (GFI) said the U.S. Securities and Exchange Commission, which probed the producer’s sale of a stake in its South Deep mine under a South African program to expand black ownership, recommended no enforcement action be taken.
The SEC offered the notice under guidelines in a section of the Securities Act Release No. 5310, which states that the notice “must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation,” the Johannesburg-based company said in a statement Monday.
In August 2010, Gold Fields agreed to issue 600,000 shares to a black-owned group and allowed it to buy 10 percent of South Deep, the world’s largest gold deposit after Grasberg in Indonesia. Local law requires mining companies to sell or cede 26 percent of their operations to black citizens. The SEC investigated the transaction in the U.S., where investors trade Gold Fields via American depositary receipts.
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of about 48.1 million ounces and mineral resources of about 108.3 million ounces.
Skyworks Solutions Inc (NASDAQ:SWKS)’s shares dropped -0.51% to $95.19.
Skyworks Solutions Inc (SWKS) declared that its Board of Directors has declared a cash dividend of $0.26 per share of the Company’s common stock, representing a 100 percent enhance from the prior quarterly dividend of $0.13 per share. Based on the closing price of Skyworks’ stock on June 17, 2015, the raised dividend represents roughly a one percent yield, or $1.04 per share on an annualized basis. The dividend is payable on August 27, 2015, to stockholders of record as of the close of business on August 6, 2015.
Skyworks Solutions, Inc., together with its auxiliaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Its product portfolio comprises amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops/synthesizers/VCOs, power dividers/combiners, power administration devices, receivers, switches, technical ceramics, and voltage regulators.
At the end of Wednesday’s trade, Northrop Grumman Corporation (NYSE:NOC)‘s shares surged 6.14% to $173.37.
A Northrop Grumman Corporation (NOC), Lockheed Martin (LMT) and TeleCommunication Systems (TCS) (TSYS) team has accomplished the Critical Design Review (CDR) for the information assurance elements of the Low Cost Terminal (LCT). Completion of the CDR clears the way for the team to build hardware and software for the information assurance element or end cryptographic unit.
LCT is an initiative to develop an affordable terminal for protected extremely high frequency (EHF) communications by leveraging existing commercial technologies and designs to minimize costs. The terminal is designed to provide protected communications via the Advanced Extremely High Frequency (AEHF) satellite system to highly mobile, tactical military forces at a cost significantly lower than presently fielded protected communication terminals.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems.
Hawaiian Holdings, Inc. (NASDAQ:HA), ended its Wednesday’s trading session with -4.47% loss, and closed at $21.14.
Hawaiian Holdings, Inc. (HA) parent company of Hawaiian Airlines, Inc. (“Hawaiian”), recently stated its financial results for the second quarter of 2015.
- GAAP net income of $48.8 million or $0.79 per diluted share.
- Adjusted net income, reflecting economic fuel expense and not taking into account loss on extinguishment of debt, of $37.5 million or $0.61 per diluted share, an enhance of $15.1 million or $0.26 cents per diluted share year-over-year.
- Adjusted pre-tax margin of 10.7% contrast to 6.4% in the preceding year period.
- Unrestricted cash, cash equivalents and short-term investments of $606 million.
- Lowered leverage ratio to 3.4x.
Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, in addition to daily services on its neighbor island routes among the four major islands of the state of Hawaii.
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