On Monday, Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), lost -1.36% to $29.69.
Hilton Worldwide, declared that certain selling stockholders associated with The Blackstone Group L.P. have commenced a secondary offering of 90,000,000 shares of Hilton Worldwide common stock. The underwriters will have a 30-day option to purchase up to an additional 13,500,000 shares of common stock from the selling stockholders.
Hilton Worldwide is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Hilton Worldwide’s officers or directors are selling any shares of common stock beneficially owned by them in the offering.
Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are serving as joint book-running managers for the offering.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Shares of Exelon Corporation (NYSE:EXC), declined -1.62% to $33.38, during its last trading session.
Baltimore-based Constellation, a partner of Exelon Corporation (EXC), declared the local Boston charities that will receive grants as part of this year’s Constellation SENIOR PLAYERS Championship, which will be held June 9-14 at Belmont Country Club.
As championship sponsor, Constellation, through the Constellation SENIOR PLAYERS Championship, will provide $500,000 in funding to Boston-area non-profit organizations. These grants support a variety of local organizations and activities in the areas of education, youth development, affordable housing and family support services. Grant amounts will be declared after the Constellation SENIOR PLAYERS Championship.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
At the end of Monday’s trade, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), lost -0.52% to $69.05.
QUALCOMM, declared that its partner, Qualcomm Technologies, Inc., is powering LG’s latest flagship smartphone, the LG G4. The new smartphone is the first to feature the Qualcomm® Snapdragon™ 808 processor with X10 LTE, together with a broad set of mobile features from advanced camera, graphics and audio to improved connectivity and location, delivering breakthrough user experiences.
The Snapdragon 808 processor with X10 LTE, featured in the LG G4, is designed to enable amazing user experiences, counting:
- State-of-the-art camera: With Qualcomm Technologies, Inc.’s 12-bit dual ISP technology, the LG G4 camera offers innovative camera features resulting in a stunning visual experience with crisp images with life-like color, texture and brightness, even in low-light conditions.
- Next-generation LTE Advanced: By featuring X10 LTE, Qualcomm Technologies, Inc.’s most advanced integrated modem, the LG G4 offers improved, lightning-fast on-the-go connectivity for snappy app responsiveness, fast access to files in the cloud, and smooth streaming of high-quality video and music.
- Improved Location: The LG G4 is the first smartphone to use sensor-assisted positioning with Qualcomm® IZat™ technology, which combines positioning data from satellites, WLAN and a variety of sensors already integrated into the LG G4 to provide accurate pedestrian navigation even in most challenging urban environments and inside buildings.
- Advanced graphics and multimedia: The LG G4’s quad HD display is supported by the latest Qualcomm® Adreno™ 400 series GPU, with features such as hardware tessellation, geometry shaders and programmable blending for superior graphics capabilities. The LG G4 also offers incredible video recording with the ability to capture rich and stunning content in 4K, made possible by the Snapdragon 808 processor.
- Crisp, clear audio: The Snapdragon 808 processors’ four-channel processing and audio-capture technology allows LG G4 users to easily record clearer video sound, even in noisy environments.
- Raised battery life: Based on internal testing, the LG G4 boasts more than a full day of battery life, which is more than many of today’s leading smartphones.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Finally, Cliffs Natural Resources Inc. (NYSE:CLF), ended its last trade with 0.82% gain, and closed at $6.14.
Cliffs Natural Resources, stated first-quarter results for the period ended March 31, 2015. Revenues were $574 million not considering the revised accounting treatment for North American Coal and the Canadian Entities.
In addition, adjusted EBITDA was $94 million.
First-Quarter Merged Results
First-quarter 2015 merged revenues of $446 million reduced 28 percent from the preceding year’s first quarter revenues of $616 million. The 2015 and 2014 amounts each exclude the revenue contribution from North American Coal. Cost of goods sold reduced by 14 percent to $365 million contrast to $426 million stated in the first quarter of 2014. Similarly, the 2015 and 2014 amounts each exclude the amount attributable to North American Coal.
For the first quarter of 2015, Cliffs recorded net income from ongoing operations attributable to Cliffs’ common shareholders of $167 million, or $0.94 per diluted share. These results comprise the gain related to extinguishment of debt, in addition to income tax valuation allowances and other items. Not taking into account these items, Cliffs stated first-quarter adjusted net income2 from ongoing operations of $2 million, or $0.02 per diluted share.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
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