On Wednesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -1.41% to $110.21. The stock attained the volume of 44.46 million shares.
Foxconn Technology Group failed in its bid to take a stake in a Taiwanese chip company after a bruising public battle entangled two of Apple Inc.’s chief suppliers, according to Bloomberg.
Siliconware Precision Industries Co. shareholders Thursday rejected two resolutions that would have paved the way for billionaire Terry Gou’s empire to become its biggest shareholder. Rival Advanced Semiconductor Engineering Inc. had campaigned against the move after failing to get a court to block the deal.
ASE, already a supplier of components used in Apple’s smartphones and watches, last month won a tender for Siliconware shares that gave it a 25 percent stake. Siliconware then sought to outflank ASE by turning to Gou, betting that teaming with the assembler of iPads and iPhones would assist it win orders from Apple. Under the plan, Siliconware would have received shares in Foxconn’s Hon Hai Precision Industry Co.
ASE had said the planned sale of new shares in Siliconware, or SPIL, at a discount would dilute the stock’s value too much. Shareholder advisers Institutional Shareholder Services Inc. weighed in on ASE’s side. Bloomberg Reports
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
At the end of Wednesday’s trade, Shares of Regions Financial Corp (NYSE:RF), declined -1.78% to $8.82.
The Regions Financial Corporation (RF) Board of Directors declared the following cash dividends on its common shares, Series A preferred shares, and Series B preferred shares:
- A quarterly cash dividend of 6 cents per common share, payable January 4, 2016, to stockholders of record at the close of business on December 11, 2015.
- A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be paid on December 15, 2015, to stockholders of record at the close of business on December 1, 2015.
- A quarterly cash dividend of $15.9375 per share (equivalent to about $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B. The dividend will be paid on December 15, 2015, to stockholders of record at the close of business on December 1, 2015.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Finally, Shares of U.S. Bancorp (NYSE:USB), ended its last trade with -2.24% loss, and closed at $40.50.
American Banker magazine has named U.S. Bancorp’s Leslie Godridge to its “Most Powerful Women in Banking” and Kathy Rogers to its “Top 25 Women to Watch.” Additionally, more than 80 U.S. Bancorp women were honored as part of a Top Team Award, recognizing their strong leadership and community contributions. Godridge, Rogers and other members of the U.S. Bancorp team were honored at an awards dinner at the Waldorf Astoria in New York City and featured in the magazine’s “Most Powerful Women in Banking” issue in October 2015.
Godridge, executive vice president and head of National Corporate Specialized Industries & Global Treasury Administration, earned the No. 17 position on the list of most powerful women. This is the fifth successive year she has been comprised of in the “Most Powerful Women in Banking” list. Godridge is the leader of U.S. Bank’s two largest Wholesale Banking businesses: National Corporate Specialized Industries (NCSI) and Global Treasury Administration (GTM) and leads more than 800 employees. She is responsible for a credit and operational risk portfolio of $60 billion in addition to for developing broad relationships with each customer. Global Treasury Administration serves all customer segments of U.S. Bank – community, commercial real estate, governments and wholesale clients and has developed products for each unique business line.
Rogers, vice chairman and chief financial officer, was number three on the “Top 25 Women to Watch” list. Rogers was promoted to her current role in January 2015. As CFO, she manages the Finance group within U.S. Bank, which comprises of more than 900 employees and is a member of the U.S. Bank Managing Committee, which comprises of the 15 most senior leaders. In her role, Rogers oversees Controller Operations Group, Investor Relations, Corporate Treasury, Business Line Reporting and Planning, Corporate Real Estate and Corporate Development.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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