On Monday, Shares of Microsoft Corporation (NASDAQ:MSFT), lost -1.08% to $45.47, as technology stocks declined Monday with shares of technology companies in the S&P 500 losing around 0.6%.
Microsoft Corp. declared that its board of directors declared a quarterly dividend of $0.31 per share. The dividend is payable September 10, 2015 to shareholders of record on August 20, 2015. The ex-dividend date will be August 18, 2015.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of Wal-Mart Stores Inc. (NYSE:WMT), declined -0.69% to $71.93, during its last trading session, hitting its lowest level.
On May 28, Walmart and the Walmart Foundation declared donations totaling $500,000 to organizations assisting with relief efforts for those affected by the floods in Texas and Oklahoma. The amount donated comprises cash along with in-kind donations such as food, water, cleaning supplies, baby and personal care products. When flooding began earlier this week, Walmart right away donated and delivered 75,000 bottles of water to affected areas in the Texas communities of Henderson and San Marcos. The company has also donated cleaning products, diapers, work gloves and other supplies to support flood relief efforts and supply shelters in Houston, Wimberley and San Marcos. These donations are in addition to the $80,000 the Walmart Foundation committed to the America Red Cross to provide relief assistance in Texas and Oklahoma when severe storms hit those states earlier last month.
”We are committed to assisting families throughout Texas and Oklahoma influenced by the flooding this week. Because those affected comprise our own store associates and customers, many associates in these communities right away jumped into action to assist others when the flooding began,” said Dan Bartlett, executive vice president of Corporate Affairs for Walmart. “Having been raised in Texas, my thoughts and prayers are with the local communities, our customers and our associates. Walmart takes pride in using our strengths to assist the thousands of communities in which we operate, especially during times of natural disaster, as we’ve done in the U.S. and countries all over the world. We will continue lending support to the people of Texas and Oklahoma as we work to rebuild.”
For Walmart, assisting communities in need during times of tragedy is personal, with associates living and working in communities affected. The company has sent people into the field to aid in relief efforts, and associates at Walmart store #404 in San Marcos have volunteered their time to assist clean and repair homes of fellow associates and customers after the flood.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, Molycorp, Inc. (NYSE:MCP), ended its last trade with 15.55% surge, and closed at $0.42.
Molycorp, declared that it has elected to take advantage of the 30-day grace period with respect to the about $3.36 million semi-annual interest payment due June 15, 2015 on its 3.25% Senior Unsecured Convertible Notes due 2016, as offered for in the indenture governing the notes. This election by the Company will not trigger any cross-default provisions in other outstanding Company debt preceding to the end of the grace period and should not affect current operations. As formerly revealed, the Company has retained financial and legal advisors to assist the Company in restructuring its debt. The Company will use the grace period to continue to evaluate different options related to such debt restructuring.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
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