On Thursday, MakeMyTrip Limited (NASDAQ:MMYT)’s shares declined -19.43% to $15.59.
MakeMyTrip, India`s leading online travel company (the “Company”), declared signing of agreement for the acquisition of a minority stake in HolidayIQ, a popular Indian travel community and holidays-planning recommendation engine. The company will pick up around 28% stake in HolidayIQ for $15 million. The transaction is planned to complete in July 2015. This planned investment will enable both companies to rapidly scale up hotel content and reviews for Indian customers, and provide more compelling offerings to their visitors.
Consumer behavior and preferences are rapidly evolving in the travel sector and HolidayIQ has been clued in to the pulse of this evolution, releasing many interesting offerings especially in the mobile space such as offline guides for 1300 Indian destinations, India`s first mobile only holidays marketplace and reviews for journey options.
MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. The company operates in two segments, Air Ticketing, and Hotels and Packages. Its services and products comprise air tickets, hotels, packages, rail tickets, bus tickets, car hire, and ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
Pitney Bowes Inc. (NYSE:PBI)’s shares dropped -1.54% to $20.45.
GE (GE) and Pitney Bowes (PBI) declared an alliance to develop customized asset performance administration (APM) applications for Pitney Bowes and its Enterprise Business Solutions customers. All of the services will be built on and powered by Predix, GE’s software platform for the Industrial Internet. This will enable Pitney Bowes to analyze data generated from its own production mailing and shipping machines and those of its clients to provide client and productivity services, and job scheduling capabilities that improve business outcomes.
Pitney Bowes clients, such as financial institutions, telecommunications providers, and insurance firms, are producing and mailing hundreds of thousands of transactional and direct mail pieces daily. By combining the physical and digital elements of high-speed production mail operations and leveraging big data analytics, they will gain greater visibility, raised productivity, noteworthy operational efficiencies and more reliable services for their machines.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services.
At the end of Thursday’s trade, Equity Residential (NYSE:EQR)‘s shares dipped -0.21% to $74.29.
Equity Residential (EQR) recently stated results for the quarter and six months ended June 30, 2015. All per share results are stated as accessible to common shares on a diluted basis.
Second Quarter 2015
FFO (Funds from Operations), as defined by the National Association of Real Estate Investment Trusts (NAREIT), for the second quarter of 2015 was $0.90 per share contrast to $0.77 per share in the second quarter of 2014. The difference is due primarily to the various non-comparable items listed on page 24 of this release and the items described below.
For the second quarter of 2015, the company stated Normalized FFO of $0.85 per share contrast to $0.78 per share in the same period of 2014. The following items influenced Normalized FFO per share in the quarter:
- a positive impact of about $0.06 per share from higher same store net operating income (NOI) and about $0.02 per share from NOI from non-same store properties presently in lease-up;
- a positive impact of about $0.01 per share from lower interest expense primarily due to the impact of higher capitalized interest in the second quarter of 2015 and other items; and
- a negative impact of about $0.02 per share from the timing of the company’s 2014 and 2015 transaction activity.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and administration of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia compriseing of 152,821 units.
Iron Mountain Inc (NYSE:IRM), ended its Thursday’s trading session with -2.45% loss, and closed at $29.91.
Iron Mountain Incorporated (IRM), the storage and information administration company, has posted to its Investor Relations website an updated investor presentation related to an Iron Mountain and Recall Holdings Limited (REC.AX) Co-CEO Non-Deal Roadshow hosted by J.P. Morgan on Tuesday July 14th through Thursday July 16th in Baltimore, New York City and Boston.
The presentation provides an update on the company’s Transformation Program (formerly Speed and Agility) to drive noteworthy reductions in overhead expenses and its initiative to maintain and improve service gross margin. In addition, the presentation highlights the strength of Iron Mountain’s cash accessible for distribution and growth investment (CAD) on a standalone basis and illustrates the predictable CAD enhancement through the acquisition of Recall.
Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business. The company provides storage services for paper documents and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, counting healthcare information services, vital records services, and service and courier operations, in addition to the collection, handling, and disposal of sensitive documents for corporate customers.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.