On Monday, Shares of Kosmos Energy Ltd (NYSE:KOS), lost -0.47% to $6.41.
The Dallas Museum of Art, declared that Kosmos Energy has been named the Presenting Sponsor of the Keir Collection of Islamic Art for its inaugural years of exhibitions and installations. The partnership between the Museum and the Dallas-based international oil and gas exploration and production company will provide $800,000 of support for the Museum’s forthcoming series of special exhibitions, installations in its collection galleries, and a prospective touring exhibition over an initial multi-year period. The sponsorship also comprises resources to facilitate loans of items from the Keir Collection to other domestic and international institutions for related exhibitions and installations.
Kosmos Energy chose the DMA for its first cultural sponsorship due to a shared vision of building cross-cultural understanding. The partnership is an extension of the corporation’s ongoing efforts to engage with the communities in which it operates, and foster appreciation for the art and culture of these communities.
Assembled over the course of five decades by the noted art collector Edmund de Unger (1918–2011), the Keir Collection is recognized by scholars as one of the world’s most geographically and historically comprehensive, encompassing almost 2,000 works in a range of media that span 13 centuries of Islamic art making. In February 2014, the DMA declared that this rarely exhibited collection will debut at the DMA on a 15-year loan, advancing the Museum’s growing focus on new models for collection-building and cultural exchange and transforming its Islamic art collection into the third largest of its kind in North America.
Kosmos Energy Ltd. explores for and produces oil and gas in Africa, Europe, and South America. Its asset portfolio comprises production and other development projects in offshore Ghana, in addition to exploration licenses with hydrocarbon potential in offshore Ireland, Mauritania, Morocco, Senegal, and Suriname. The company was founded in 2003 and is based in Hamilton, Bermuda.
Shares of Envivio Inc (NASDAQ:ENVI), declined -0.12% to $4.06, during its last trading session.
Ericsson, declared its agreement to acquire Envivio (ENVI), by means of a tender offer for a price of USD 4.10 per share in cash, or about USD 125 million in the aggregate. The acquisition will strengthen Ericsson as a global innovator in enabling customers to deploy new technologies and agile video processing to innovate new services that engage TV consumers every day.
The acquisition will strengthen Ericsson`s video compression position, combining its leading position in broadcast and contribution with Envivio`s leadership in multiscreen cable and telecom. Envivio`s cloud-centric and software-based video capabilities will be a key addition to Ericsson`s extensive portfolio of media enrichment, processing, publishing, delivery, and TV platforms, enabling TV experiences on any device.
Envivio is a global leader in software-based video encoding with an installed base of over 400 TV service provider and content owner customers in all markets globally. Envivio generated revenues of USD 43 million during full year 2014 and is headquartered in San Francisco, CA. Envivio was founded in 2000 and has a staff of about 200 employees worldwide.
Envivio, Inc. provides software-based IP video processing and distribution solutions that enable the delivery of high-quality video to consumers worldwide. The company designs its solutions, based on its video compression and advanced IP video networking technologies, to enable service providers and content providers to offer high-quality video across various video formats, networks, consumer devices, and operating systems.
At the end of Monday’s trade, Shares of Rovi Corporation (NASDAQ:ROVI), lost -4.60% to $11.41.
Rovi Corporation and Nuance Communications, declared a joint initiative to deliver an end-to-end solution for conversational entertainment discovery. Nuance and Rovi will provide a fully integrated conversational voice interface that ultimately delivers a personalized entertainment experience where people can speak naturally to quickly and easily find and access content.
Nuance’s leading Dragon TV voice recognition, text-to-speech and voice biometrics will be integrated with Rovi’s unique, cloud-based Conversation Services. Together, Nuance and Rovi will enable device manufacturers and service providers to offer reliable and highly scalable voice interfaces that result in fast and relevant search and recommendations. In addition, the combined offering lowers a customer’s total cost of ownership, accelerates voice services deployment, and delivers compelling user experiences.
Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. The company offers interactive program guides (IPGs), an interactive listing of television or video program information that enables viewers to navigate through, sort, select, and plan video programming for viewing and recording.
Finally, Brady Corp (NYSE:BRC), ended its last trade with -1.21% loss, and closed at $19.52.
Brady Corporation, stated its financial results for its fiscal 2015 fourth quarter and year ended July 31, 2015.
Quarter Ended July 31, 2015 Financial Results:
Sales for the quarter ended July 31, 2015 reduced 8.9 percent to $288.6 million contrast to $316.7 million in the fourth quarter of fiscal 2014. Total organic sales reduced 1.2 percent and foreign currency translation reduced sales by 7.7 percent. By segment, organic sales reduced 0.3 percent in Identification Solutions and reduced 3.2 percent in Workplace Safety.
During the fourth quarter ended July 31, 2015, the Company recorded an impairment charge of $46.9 million primarily related to the write down of intangible assets in the Company’s Workplace Safety segment. These impairment charges were primarily driven by sales and profitability reductions and reduced forecasts for future sales and profitability growth. In the fourth quarter of last year, the Company also incurred an impairment charge of $148.6 million related to its PeopleID reporting unit.
The Company’s loss from ongoing operations for the quarter ended July 31, 2015 was $(39.4) million contrast to a loss of $(97.0) million in the same quarter of last year. Non-GAAP earnings from ongoing operations for the current quarter were $14.4 million contrast to $21.0 million in the fourth quarter of fiscal 2014.
The Company’s loss from ongoing operations per diluted Class A Nonvoting Common Share was $(0.77) for the quarter ended July 31, 2015 contrast to a loss of $(1.89) in the same quarter last year. Non-GAAP earnings from ongoing operations per diluted Class A Nonvoting Common Share* for the current quarter were $0.28 contrast to earnings of $0.41 per share in the fourth quarter of fiscal 2014.
Brady Corporation manufactures and supplies identification solutions, specialty materials, and workplace safety products that identify and protect premises, products, and people in the United States and internationally. It operates through two segments, Identification Solutions and Workplace Safety.
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