On Tuesday, Royal Bank of Canada (NYSE:RY)’s shares inclined 1.33% to $56.22.
RBC Global Asset Administration Inc. declared September mutual fund net sales of $377 million . Long-term funds had net sales of $423 million and money market funds had net redemptions of $47 million . Assets under administration reduced by 1.2 per cent.
Doug Coulter , president of RBC Global Asset Administration stated that Canadians continue to trust RBC GAM’s investment solutions and expertise in assisting them reach their investment aims. Income-generating solutions remain popular among investors and advisors. As a result, the PH&N Total Return Bond Fund, a fund that seeks to provide long-term growth and a comprising level of income, was a preferred choice this past month.
Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC).
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets.
Lions Gate Entertainment Corp. (USA) (NYSE:LGF)’s shares gained 0.05% to $39.20.
Reflecting its commitment to online innovations benefiting its consumers, Lionsgate (LGF), a premier next generation global content leader, has partnered with leading digital payments processor GoCoin to integrate bitcoin payments into select consumer sales operations, the two companies declared recently. As part of this initiative, the digital currency will be accepted as payment for Lionsgate DVD and Blu-ray discs at the Company’s online store, LionsgateShop.com.
Lionsgate is also ongoing to explore additional opportunities to integrate bitcoins and its underlying blockchain technology into its merchandising and sales activities.
Lionsgate’s digital currency initiatives are being spearheaded by Home Entertainment Chief Operating Officer Akin Ceylan, Motion Picture Group Executive Vice President of Planned Planning & Operations Jen Hollingsworth and motion picture executive Kyle Benn .
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, channel platforms, and international distribution and sales activities.
At the end of Tuesday’s trade, Diamond Foods, Inc. (NASDAQ:DMND)‘s shares dipped -1.51% to $31.37.
Diamond Foods, Inc. (DMND) stated financial results for its fourth quarter and fiscal year ended July 31, 2015.
Fourth Quarter Fiscal 2015 Highlights
- Net sales were $201.8 million, down $17.3 million or 7.9%
- Reflects the exit of $15.2 million of high-volume, low-margin SKUs in the Nuts segment and $3.9 million of adverse FX in the Snacks segment
- Snacks segment net sales were $129.8 million, down 0.2%
- Nuts segment net sales were $72.0 million, down 19.0%
- Gross margin was 27.0%, contrast to 22.5%
- GAAP net income was $7.9 million and GAAP diluted earnings per share (“EPS”) was $0.25
- Non-GAAP net income was $7.2 million and non-GAAP diluted EPS was $0.23, up 21.1%
- Adjusted EBITDA was $29.3 million, up 22.4%
Diamond Foods, Inc. engages in processing, marketing, and distributing snack products; and culinary, in-shell, and ingredient nuts. The company operates in two segments, Snacks and Nuts.
Media General Inc (NYSE:MEG), ended its Tuesday’s trading session with -0.71% decreased, and closed at $13.92.
Media General, Inc. (MEG) declared that the Company’s Board of Directors, in consultation with its legal and financial advisors, is carefully reviewing and considering the unsolicited proposal from Nexstar Broadcasting Group, Inc. (NXST) received on September 28, 2015, to determine the course of action that it believes is in the best interests of the Company and its shareholders. The Board will complete its review in due course and will advise shareholders of the outcome of its review at that time.
The Company also noted that it has retained Goldman, Sachs & Co. and Weil, Gotshal & Manges LLP to assist the Board in its evaluation and consideration of the Nexstar proposal. Goldman, Sachs & Co and Weil, Gotshal & Manges LLP will work together with RBC Capital Markets and Fried, Frank, Harris, Shriver & Jacobson LLP who will continue to serve as financial and legal advisors to the Company.
Media General, Inc. owns and operates television stations in the United States. It operates 71 network-associated stations, and their associated digital media and mobile platforms, counting 22 CBS stations, 14 NBC stations, 12 ABC stations, 8 FOX stations, 7 MyNetworkTV stations, 7 CW stations, and 1 Telemundo station in 48 markets.
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