On Thursday, CA, Inc. (NASDAQ:CA)’s shares inclined 0.62% to $30.26.
The Battle for Competitive Advantage in the App Economy – commissioned by CA Technologies (CA) reveal the need for speed in the application economy. As companies transform into software-driven enterprises, bringing high-quality applications to market faster becomes one of the most critical differentiators. Forty-three percent of those surveyed believe that becoming a software-driven enterprise is a critical driver of competitive advantage, rising to 78 percent in three years.
Conducted by Oxford Economics, the study surveyed senior business and technology executives around the globe about application strategy and its impact on business outcomes. The results clearly show that companies are adapting to the application economy at a rapid and accelerating pace, and are rethinking competitive advantage and differentiation in the process.
CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segments products portfolio comprise systems and database administration, automation, application development, and security; and technologies comprise CA Application Lifecycle Conductor and vStorm Connect Data Streaming for big data. Its products are designed primarily for the IBM System z mainframe platform. The Enterprise Solutions segment provides products that operate primarily on non-mainframe platforms.
Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK)’s shares dropped -0.45% to $52.28.
Liberty Global plc - Class C Ordinary Shares ( LBTYK) declared that, following regulatory approval, it has consummated its formerly declared acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV (“Choice”), the second largest cable and broadband services provider in Puerto Rico. The combination of Choice’s operations with those of Liberty Cablevision of Puerto Rico LLC (“LCPR”), which is 60% owned by Liberty Global and 40% owned by funds managed by Searchlight Capital Partners, L.P., creates the largest cable operator on the island with over one million homes passed1, serving about 750,000 revenue generating units (“RGUs)1 and generating over $390 million of annual revenue.
As formerly revealed, the purchase price of about $272.5 million before transaction costs and other adjustments represents a multiple of about 6 times our estimate of Choice’s 2015 full-year operating cash flow, as customarily defined by Liberty Global and adjusted for the projected annual impact of synergies following full integration. The transaction was largely funded through incremental debt borrowings of about $267.5 million at the combined Puerto Rican business, and equity contributions from Liberty Global and Searchlight of $10.2 million and $6.8 million, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
At the end of Thursday’s trade, China Finance Online Co. (ADR) (NASDAQ:JRJC)‘s shares surged 15.77% to $5.80.
China Finance Online Co. (ADR) ( JRJC) a leading web-based financial services company that provides Chinese retail investors with online access to securities and commodities trading, wealth administration products, investment advisory services, in addition to financial database and analytics services to institutional customers, responded to the allegations raised in a report dated June 3, 2015 issued by Geoinvesting, LLC (“Geoinvesting”). The Company believes that Geoinvesting report contains numerous errors of facts, misleading speculations and malicious interpretations of events. The Company’s board of directors has been informed of the allegations made by Geoinvesting and will consider and decide on the necessary and appropriate course of action in response to the allegations. The Company may release additional information concerning the allegations in due course and is committed to providing full and accurate disclosure to investors and to rebutting any false claims that attempt to undermine confidence in the Company’s business, administration, operations and corporate structure.
China Finance Online Co., Limited provides Web-based financial services in the People’s Republic of China and Hong Kong. The company operates through three segments: Precious Metals Trading Services; Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services.
Cenovus Energy Inc (USA) (NYSE:CVE), ended its Thursday’s trading session with -0.54% loss, and closed at $16.47.
Cenovus Energy Inc (USA) (CVE) has returned to normal operations at its Foster Creek oil sands project in northern Alberta after a forest fire on the Cold Lake Air Weapons Range (CLAWR) led to the precautionary shutdown of the operation on May 23 for 11 full days.
Cenovus expects second-quarter production to be reduced by approximately 10,500 barrels per day (bbls/d) net due to the shutdown. For the full year, the production impact is estimated to be approximately 2,600 bbls/d net. Cenovus expects full-year production from Foster Creek to remain within its previously announced annual guidance of 62,000 bbls/d to 68,000 bbls/d net.
Essential staff were cleared to return to Foster Creek on June 1 to inspect the site and begin start-up activities. Crews found no damage to the Foster Creek facility and infrastructure, and the restart of operations went smoothly. The company is assessing expected costs incurred as a result of the evacuation and the shutdown.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States.
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