On Thursday, ON Semiconductor Corp (NASDAQ:ON)’s shares declined -0.09% to $10.72.
ON Semiconductor Corp (ON) declared private offering of $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2020 (the “notes”). The notes were offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). ON Semiconductor has granted to the initial purchasers of the notes a 30-day option to purchase up to an additional $90 million aggregate principal amount of notes.
The notes will be ON Semiconductor’s senior unsecured obligations and guaranteed by certain of its auxiliaries. The notes will bear interest at a rate of 1.00% per year, payable semiannually in arrears on June 1 and December 1 of each year, starting on December 1, 2015. The notes will mature on December 1, 2020.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
Ericsson (ADR) (NASDAQ:ERIC)’s shares gained 1.23% to $10.74.
Ericsson (ERIC) is extending its long-term partnership with SoftBank Corp., one of Japan`s leading mobile operators, by adding joint field trials of 5G technology in Tokyo. The two companies will cooperate in developing a common understanding of 5G use cases and deployment scenarios, and will evaluate the performance of potential 5G key technology components in joint field trials in addition to to collaborate on 5G research projects.
The joint field trial will demonstrate ultra-high bit rates and ultra-low latency with the Ericsson 5G trial system by using a number of frequency bands.
5G will evolve the entire future communication eco-system, from devices to mobile access, IP core and into the cloud. Ericsson`s latest 5G test network initiatives focus on the interactions between mobile devices and the radio access network, in both indoor and outdoor scenarios.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks.
At the end of Thursday’s trade, Kroger Co (NYSE:KR)‘s shares surged 0.48% to $38.99.
The Kroger Co. (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
Hewlett-Packard Company (NYSE:HPQ), ended its Thursday’s trading session with 1.06% gain, and closed at $30.62.
Helmerich & Payne, Inc. (HP) stated net income of $91 million ($0.83 per diluted share) from operating revenues of $660 million for the third fiscal quarter of 2015, contrast to net income of $192 million ($1.75 per diluted share) from operating revenues of $952 million during the third quarter of fiscal 2014, and net income of $150 million ($1.37 per diluted share) from operating revenues of $883 million during the second quarter of fiscal 2015. Comprised of in net income per diluted share corresponding to this year’s third fiscal quarter are about $0.55 of after-tax gains from long-term contract early termination compensation from customers (which favorably influenced net income by about $60 million) and $0.01 of after-tax gains related to the sale of used drilling equipment. Comprised of in net income per diluted share corresponding to last year’s third fiscal quarter are about $0.13 of after-tax gains on the sale of investment securities and $0.01 of after-tax gains related to the sale of used drilling equipment. Comprised of in net income per diluted share corresponding to this year’s second fiscal quarter are about $0.44 of after-tax gains from long-term contract early termination compensation from customers, $0.02 of after-tax gains related to the sale of used drilling equipment, and $0.05 of after-tax losses from abandonment charges.
Helmerich & Payne, Inc. primarily operates as a contract drilling company in South America, the Middle East, and Africa. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. As of November 13, 2014, the company’s fleet comprised of 333 land rigs in the U.S., 37 international land rigs, and 9 offshore platform rigs. Its contract drilling business operates through three reportable segments: U.S. Land, Offshore, and International Land.
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