On Monday, Ameriprise Financial, Inc. (NYSE:AMP)’s shares declined -0.87% to $122.96.
Ameriprise Financial, Inc. (AMP) released the results of the new Retirement 2.0SM study, revealing that the majority of Gen Xers (76%) report proactively planning for their retirement, with eight in 10 (79%) respondents presently saving through a 401(k) plan, and seven in 10 (69%) investing in an IRA or similar account.
The Retirement 2.0 study, which surveyed more than 1,500 Americans between the ages of 35-50 with at least $100,000 in investable assets, took a comprehensive look at how Gen X is approaching retirement. The study also explored how they have invested and saved for this major milestone; and how they expect to spend their retirement years. Encouragingly, the study found that Gen Xers began planning for retirement early and started saving at the average age of 26. They anticipate relying on their 401(k) accounts (42%) or IRAs (29%) as their main sources of income during retirement, while pensions (14%) and Social Security (5%) are predictable to take a back seat as primary sources of retirement funding.
Ameriprise Financial, Inc., through its auxiliaries, provides various financial products and services to individual and institutional clients in the United States and internationally. The company’s Advice & Wealth Administration segment provides financial planning and advice, in addition to full-service brokerage services primarily to retail clients through its advisors. Its Asset Administration segment offers investment advice and investment products to retail, high net worth, and institutional clients through unassociated third party financial institutions and institutional sales force. This segment’s products comprise U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset administration products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property funds.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD)’s shares gained 0.15% to $19.82.
Perfect World Co., Ltd. (PWRD) leading online game developer and operator based in China, declared that, at an extraordinary general meeting held recently, the Company’s shareholders voted in favor of the proposal to authorize and approve the formerly declared agreement and plan of merger dated April 26, 2015 (the “Merger Agreement”), among the Company, Perfect Peony Holding Company Limited (“Parent”) and Perfect World Merger Company Limited (“Merger Sub”), following which, Merger Sub will be merged with and into the Company with the Company ongoing as the surviving corporation and becoming a wholly owned partner of Parent (the “Merger”), and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the transactions contemplated thereby, counting the Merger.
About 98.0% of the total votes voted in person or by proxy at recently’s meeting were in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, counting the Merger.
Perfect World Co., Ltd., through its auxiliaries, engages in the research, development, operation, and licensing of online games in the People’s Republic of China, the United States, Europe, Japan, Southeast Asia, and South Korea. The company develops online games based on its proprietary game engines and development platforms.
At the end of Monday’s trade, YY Inc (ADR) (NASDAQ:YY)‘s shares dipped -2.94% to $58.14.
YY Inc. (YY) a revolutionary real-time interactive social platform, recently declared that in response to the formerly declared preliminary non-binding proposal (the “Proposal”) contained in a letter dated July 9, 2015 that the Company’s board of directors (the “Board”) received from Mr. Jun Lei, Chairman of the Board, and Mr. David Xueling Li, director and Chief Executive Officer of YY (together, the “Buyer Group”) proposing a “going-private” transaction to acquire all of the outstanding ordinary shares of YY not already beneficially owned by the Buyer Group, the Board has formed a special committee of independent and disinterested directors (the “Special Committee”) to review and evaluate the Proposal.
The Special Committee is composed of Mr. Peter Andrew Schloss, Mr. David Tang, and Mr. Peng Tsing Ong, who are independent directors of the Company and are unassociated with the Proposal. Mr. Schloss will be the chairman of the Special Committee. The Board also authorized the Special Committee to, and anticipates that the Special Committee will, retain independent advisors, counting independent financial and legal advisors, to assist it in the process of reviewing and evaluating the Proposal.
YY Inc., through its auxiliaries, operates an online social platform in the People’s Republic of China. It engages users in real-time online group activities through voice, video, and text on personal computers and mobile devices; and enables users to create and organize groups of various sizes to discover and take part in a range of online activities, counting music shows, online games, dating shows, live games broadcasting, and e-learning. The company’s core product is YY Client, which enables users to engage in live interactions online; and provides access to user-created online social activities groups.
SunPower Corporation (NASDAQ:SPWR), ended its Monday’s trading session with -1.34% loss, and closed at $25.11.
SunPower Corp. ( SPWR) declared that on July 31, 2015, it will redeem the entire $79,000 outstanding principal amount of its 0.75% Senior Convertible Debentures due in 2027 (CUSIP No. 867652 AB 5). SunPower intends to use accessible funds to redeem the debentures.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters. It also offers rooftop and ground-mounted solar power systems, counting residential systems, commercial roof and ground mounted systems, utility and power plant systems, and utility-scale photovoltaic power plants.
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