On Friday, Shares of Invesco Ltd. (NYSE:IVZ), lost -3.59% to $34.60.
Invesco Ltd., stated preliminary month-end assets under administration (AUM) of $806.7 billion, an improvement of 0.4% month over month. The enhance was driven by favorable market returns and an enhance in money market AUM. Long-term net flows were flat during the month while FX reduced AUM by $2.3 billion. Preliminary average total AUM for the quarter through July 31 were $806.8 billion, and preliminary average active AUM for the quarter through July 31 were $664.4 billion.
Invesco Ltd. is a leading independent global investment administration firm, dedicated to assisting investors worldwide achieve their financial objectives.
Shares of Discover Financial Services (NYSE:DFS), declined -2.25% to $54.24, during its last trading session.
Discover Financial Services and Elo, declared a planned agreement that will allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which comprises Discover Network, Diners Club International and the PULSE network.
The agreement will focus initially on enabling Elo Global Cards to have acceptance in more than 185 countries and territories via the Discover Global Network, the third-largest payments network in the world. Elo and Discover also will collaborate on the integration of Discover’s EMV solution, D-PAS, to assist ensure safe international transactions and continue to work together on new emerging payment products in the future. Elo will continue to use its own proprietary application for domestic transactions.
“Discover has a long-standing history of leveraging its unique payments infrastructure to create mutually beneficial relationships around the globe,” said Joe Hurley, Senior Vice President Global Business Development, Discover Network. “Striking a contract with Elo offers great benefits to both companies, most importantly; Elo Global cardholders will have the ability to use their card of choice when traveling abroad.”
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
At the end of Friday’s trade, Shares of The Madison Square Garden Co (NYSE:MSG), lost - 1.76% to $72.03.
The Madison Square Garden Company stated financial results for the fourth quarter and fiscal year ended June 30, 2015.
Fiscal 2015 revenues of about $1.62 billion grew 4%, as contrast to the preceding year. Segment revenues rose at MSG Entertainment and MSG Sports, in addition to MSG Media, not taking into account the impact from the absence of Fuse. Adjusted operating cash flow (“AOCF”)(1) of $436.9 million raised 40%, as contrast to the preceding year, primarily due to improved results at the MSG Sports and MSG Entertainment segments, partially offset by an enhance in unallocated corporate expenses (“Other”). The absence of Fuse’s operating results did not have a material impact on MSG Media AOCF or total company AOCF for fiscal 2015. Operating income of $487.0 million raised 165% and net income of $254.7 million ($3.28 per diluted share) raised 121%, both as contrast to the preceding year. Operating income and net income results for fiscal 2015 comprise the gain on sale of the Fuse network. The sale of the network was accomplished on July 1, 2014.
Fiscal 2015 fourth quarter revenues of $387.9 million raised 4%, as contrast to the preceding year quarter. Segment revenues rose at MSG Entertainment and MSG Sports, in addition to MSG Media, not taking into account the impact from the absence of Fuse. Fiscal 2015 fourth quarter AOCF of $110.6 million raised 101%, as contrast to the preceding year quarter, primarily due to improved AOCF results at the MSG Sports segment. Operating income of $81.2 million raised 301% and net income of $45.7 million ($0.60 per diluted share) raised 293%, both as contrast to the preceding year quarter.
The Madison Square Garden Company engages in sports, entertainment, and media businesses in the United States. It operates through three segments: MSG Sports, MSG Media, and MSG Entertainment.
Finally, Tahoe Resources Inc (NYSE:TAHO), ended its last trade with -3.49% loss, and closed at $9.41.
Tahoe Resources declared its eighth monthly dividend for 2015 of USD$0.02 per common share. Shareholders of record at the close of business on Thursday, August 20, 2015 will be entitled to receive payment of this dividend on Thursday, August 27, 2015.
This dividend qualifies as an “eligible dividend” for Canadian income tax purposes. Following tax legislation enacted in 2007, Canadian resident individuals who receive “eligible dividends” will be entitled to an improved gross-up and dividend tax credit on such dividends.
Tahoe Resources Inc., together with its auxiliaries, explores for and produces precious metals in the Americas. The company primarily produces silver, in addition to gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala.
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