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Thursday 11 June 2015
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Pre-Market News Report on: Home Depot (NYSE:HD), Symantec (NASDAQ:SYMC), Barclays (NYSE:BCS), Apache (NYSE:APA)

On Wednesday, Home Depot Inc (NYSE:HD)’s shares inclined 1.32% to $110.98.

Home Depot Inc (HD) declared that Kevin Hofmann, senior vice president, Online will speak at the Goldman Sachs Sixth Annual dotCommerce Day in New York, NY. The presentation will start at 8:55 a.m. ET on June 18, 2015.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2014, The Home Depot had sales of $83.2 billion and earnings of $6.3 billion. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (HD) and is comprised of in the Dow Jones industrial average and Standard & Poor’s 500 index.

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers. T

Symantec Corporation (NASDAQ:SYMC)‘s shares gained 1.43% to $23.77.

Symantec Corporation (SYMC) rolled out an improved version of the cloud-based security service product – Data Loss Prevention (DLP) 14. This product promises total security with regard to information storage, ruling out the possibilities of data loss or breach.

The new DLP 14 integrates Microsoft’s MSFT Office 365 and Azure, targeting organizations that utilize it for cloud-based email storage. Simultaneously, Symantec reached a planned partnership with Box, a cloud storage provider. The partnership aims to develop a product combining DLP 14 with the Box platform to provide greater visibility and control over a company’s data. Meanwhile, we strongly believe that this innovative product and solution will assist Symantec win customers, thereby increasing business volume.

The growing security threats and hacking attacks over the past year or so have revealed the increasing sophistication of the hackers and innovative hacking techniques. In order to cater to the growing demand for security solutions, the company has launched the DPL 14 service, which will considerably strengthen its attack prevention solutions. DLP 14 assists customers to assess the level of vulnerability, detect threats and mitigate intellectual property theft. Through this launch, Symantec will significantly expand its information protection portfolio, thereby meeting the growing business needs.

Symantec Corporation, together with its auxiliaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in various environments from the mobile device and enterprise data center and to cloud-based systems.

At the end of Wednesday’s trade, Barclays PLC (ADR) (NYSE:BCS)‘s shares surged 3.67% to $16.68.

Barclays PLC (ADR) (BCS) as the unit is known is buying a stake in Cia. Positiva de Energia SA, a Rio de Janeiro-based electricity start-up created to develop electricity and power generation projects that was founded by former executives who worked under ex-billionaire Eike Batista, according to a statement by the Brazilian company on Tuesday. The London-based bank declined to provide terms of the deal.

With Brazil heading to its biggest economic contraction since 1990 and the central bank boosting borrowing costs to contain inflation, international funds are bargain hunting in Latin America’s largest economy. Cerberus Capital Administration LP, the investment firm with about $25 billion under administration, last month said it’s eyeing an initial acquisition in the country while Blackstone Group LP and Brookfield Asset Administration Inc. seek to expand commercial property purchases.

Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services.

Apache Corporation (NYSE:APA), ended its Wednesday’s trading session with 0.65% gain, and closed at $58.96.

Apache Corporation (APA) declared that it has accomplished the sale of its earlier declared Australian upstream operations. The company has sold its associate – Apache Energy Limited – to a group of private equity funds that are managed by Macquarie Capital Group Limited and Brookfield Asset Administration Inc.

Apache received net proceeds of $1.9 billion for the deal. The effective date of the transaction is Oct 1, 2014.

Formerly, Apache had stated that production from its above-mentioned Australian associate and its auxiliaries averaged about 49,000 barrels of oil equivalent per day in March.

Apache added that the transaction is in accordance with its portfolio repositioning strategy. The company has directed its focus toward onshore North America over the past few years through asset sales and purchases worth $17 billion each. Also, with the Australian asset sale, about 70% of the company’s total production will now come from North America. Moreover, Apache’s North Sea and Egyptian operations complement its North American portfolio.

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.

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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.

 




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