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Monday 10 August 2015
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Stocks News Buzz: EMC Corporation (NYSE:EMC), Baxter International Inc. (NYSE:BAX), Santander Consumer USA Holdings Inc. (NYSE:SC)

During Tuesday’s Morning trade, Shares of EMC Corporation (NYSE:EMC), lost -0.87% to $26.11.

WANdisco (WAND.L), declared it had signed a record number of large global organizations as customers for its new Fusion product during the second quarter. All of these new customers are predictable to significantly expand their deployments during the coming months. The company attributes this rapid adoption to Fusion’s flexible, easy-to-deploy architecture that provides active-active replication across mixed storage environments counting Oracle BDA (ORCL), Cloudera, Hortonworks (HDP), EMC (EMC) and MapR.

The simplicity and interoperability of WANdisco Fusion has enabled new key partnerships with companies counting Oracle, Teradata (TDC) and Hortonworks and has assisted accelerate this rapid growth.

WANdisco (WAND.L) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today’s data challenges of secure storage, scalability and availability.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.

Shares of Baxter International Inc. (NYSE:BAX), inclined 2.78% to $40.61, during its current trading session.

Baxter International declared a regular quarterly dividend of $0.115 per Baxter common share. This cash dividend is payable on October 1, 2015 to shareholders of record as of September 4, 2015.

This dividend represents the new quarterly dividend rate for Baxter following its successful spin-off of its biopharmaceuticals business, Baxalta Incorporated, on July 1, 2015. Over its 84-year history, Baxter has consistently paid a dividend to shareholders and followed a disciplined approach to capital allocation that balances reinvestment in the businesses with returning noteworthy value to shareholders.

Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.

Finally, Santander Consumer USA Holdings Inc. (NYSE:SC), lost -1.24%, and is now trading at $23.84.

Santander Consumer declared net income for second quarter 2015 of $285.5 million, or $0.79 per diluted common share, up 16 percent from second quarter 2014 net income of $246.5 million, or $0.69 per diluted common share. First quarter 2015 net income was $289.2 million, or $0.81 per diluted common share.

Second Quarter 2015 Key Highlights:

  • Total originations of $7.6 billion, up from $7.4 billion originated in preceding quarter and $6.7 billion originated in preceding year second quarter
  • Asset sales of $2.8 billion, up from $1.5 billion in preceding quarter and $1.8 billion in preceding year second quarter
  • Serviced for others portfolio of $13.1 billion, up from $11.2 billion in preceding quarter and $8.0 billion in preceding year second quarter
  • Managed assets of $49.6 billion, up from $46.6 billion in the preceding quarter and $38.6 billion in preceding year second quarter
  • Net charge-off ratio of 5.3%, down from 6.7% in preceding quarter and 5.8% in preceding year second quarter
  • Return on average equity of 28.2%, down from 31.2% in preceding quarter and 33.0% in preceding year second quarter
  • Return on average assets of 3.2%, down from 3.5% in preceding quarter and 3.4% in preceding year second quarter
  • Provision for credit losses of $739 million, up from $606 million in the preceding quarter and $589 million in preceding year second quarter
  • Expense ratio of 2.1%, down from 2.2% in preceding quarter and 2.3% in preceding year second quarter.

Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and unsecured consumer lending products in the United States. The company’s vehicle finance products and services comprise retail installment contracts, vehicle leases, and dealer loans.

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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.

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