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Sunday 27 September 2015
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Stocks in the News - Rackspace Hosting, Inc. (NYSE:RAX), Fluor (NYSE:FLR), Louisiana-Pacific Corporation (NYSE:LPX), Scripps Networks Interactive, (NYSE:SNI)

On Tuesday, Shares of Rackspace Hosting, Inc. (NYSE:RAX), lost -2.45% to $28.63.

Rackspace, declared it has expanded its digital support offerings with the early access declaration of Managed Cloud for Adobe Experience Manager (AEM). As a leading, comprehensive content administration solution for building websites, mobile apps and forms, AEM makes it easier to manage marketing content and assets. With Managed Cloud for AEM, marketing leaders and the technology teams who support them can assist reduce time for each new deployment, version upgrade, or major campaign launch in AEM - while also gaining access to specialized 24×7 support, maintenance, and monitoring of AEM environments.

“Rackspace has been working with AEM customers for years and understands their pain points, requirements and what is needed to maximize the AEM technology,” said Kyle Metcalf, senior director and general manager of the Digital Practice Area at Rackspace. “Managed cloud for AEM delivers expanded support and automation capabilities to allow customers to deploy content faster and with less hassle than ever before.”

Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide.

Shares of Fluor Corporation (NEW) (NYSE:FLR), declined -1.55% to $42.69, during its last trading session.

Fluor Corporation declared that it has signed an agreement to divest 50 percent of shares in its Spanish operations, Fluor S.A., to Sacyr Industrial S.L.U., a leading multinational Spanish construction company. The new entity, SacyrFluor, will be headquartered in Fluor’s Madrid operations center. The value of the divestiture is €39 million.

SacyrFluor will provide project administration, engineering, procurement, construction administration and self-perform construction services for the energy and chemicals industry in Spain, Southern Europe, North Africa and certain countries in South America.

“Creating this new company supports Fluor’s global strategy to provide clients with truly integrated business solutions for their project needs,” said David Seaton, Fluor’s chairman and chief executive officer. “Combining Fluor’s project administration, engineering, and procurement services with Sacyr’s construction capabilities will provide our clients with capital efficiencies through a simplified project structure and improved opportunities for cost savings.”

Fluor Corporation, through its auxiliaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project administration services worldwide.

At the end of Tuesday’s trade, Shares of Louisiana-Pacific Corporation (NYSE:LPX), lost -2.12% to $15.26.

Louisiana-Pacific Corporation has declared the redesign of its European and Australian websites, LPCorp.com/EU and LPCorp.com/AU, respectively. Among many of the new features, each website’s responsive, mobile-compatible design creates seamless viewing of content from any device, and a new user interface makes navigating the websites simpler.

“We wanted to provide our customers with user-friendly sites that will allow them to easily find the information they need across any digital platform,” said Al Huber, EWP international sales manager for LP Building Products. “One of the biggest improvements is our updated literature finder. Customers can browse by product or search to quickly find accurate results.”

The sites also display product pages in an easy-to-navigate structure, making product details effortless to find. Additionally, a new “Where To Buy” function simplifies how to find local LP dealers and products.

Louisiana-Pacific Corporation, together with its auxiliaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction.

Finally, Scripps Networks Interactive, Inc. (NYSE:SNI), ended its last trade with -0.66% loss, and closed at $51.38.

Burton Jablin, Chief Operating Officer; and Lori Hickok, Chief Financial Officer, Scripps Networks Interactive Inc. (SNI) will talk about the company’s business strategies at the Bank of America Merrill Lynch Media, Communication & Entertainment Conference on Wednesday, Sept. 9, in Beverly Hills, Calif. The presentation will be webcast live at 11:15 a.m. PT / 2:35 p.m. ET.

Scripps Networks Interactive, Inc. develops lifestyle-oriented content for linear and interactive video platforms in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America.

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