On Wednesday, Shares of Yahoo! Inc. (NASDAQ:YHOO), gained 0.87% to $41.66.
On April 30, Yahoo leaders joined state and local elected officials to open the company’s new customer care and data center in Lockport, New York. Yahoo’s newest expansion to its Western New York facility provides additional capacity and world-class customer support for the company’s user and product experiences. The addition creates more than 100 jobs at the Lockport data center facility, which first opened in 2009, and is recognized industry-wide for its energy-efficient design.
“The expansion is another stepping stone in a mutually beneficial partnership between Yahoo and the Western New York communities. We’ve invested more than half a billion dollars since we first came to Western New York in 2009, and our operations wouldn’t be as strong without the support of local and state leaders who have been central to our success,” said Rich Kropfl, Vice President of Data Center Operations at Yahoo. “With a talented workforce, business-friendly environment and access to hydropower and temperate weather, Western New York continues to be a great home and partner to Yahoo.”
“Yahoo is proud to have grown our customer care team in Lockport,” said Catherine Card, Vice President of Customer Experience at Yahoo. “We are dedicated to providing multi-channel support and the best experience for users. Our talented and growing team represents an amazing opportunity for local talent in Western New York to start their careers with a great company.”
“The expansion of Yahoo’s operations here in Lockport is even more proof that Western New York is on the move,” New York State Governor Andrew Cuomo said. “Bringing 115 new jobs and more than $150 million in capital investment complements the region’s dedicated workforce, world-class universities, and low-cost hydropower. I welcome Yahoo to their newer, bigger home.”
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of Alcoa Inc. (NYSE:AA), declined -0.87% to $13.67, during its last trading session.
Alcoa, Executive Vice President and Chief Financial Officer William F. Oplinger will present at the 2015 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference being held May 12-14 in Barcelona, Spain. Oplinger will speak at 11:00 a.m. EDT (5:00 p.m. CET) on Tuesday, May 12. He will talk about Alcoa’s strategy for building its multi-material, value-add portfolio and creating a globally competitive commodity business.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina.
At the end of Wednesday’s trade, Shares of Avon Products Inc. (NYSE:AVP), lost -1.81% to $7.07, hitting its lowest level.
Avon Products, stated first-quarter 2015 results.
First-Quarter 2015 Income Statement Review (contrast with first-quarter 2014)
Revenues for Avon Products, Inc. reduced 18% to $1.8 billion, but raised 1% in constant dollars, driven by strong growth in Europe, Middle East & Africa.
Active Representatives were down 1% year-over-year but reflect a sequential improvement from preceding quarters. The overall decline in Active Representatives was driven by North America, partially offset by growth in a number of markets, most significantly Russia. Average order raised 2%, which benefited from price enhances in markets experiencing high inflation (Venezuela and Argentina).
Total units reduced 2%, driven by a decline in North America. Price/mix was up 3% during the quarter, aided by pricing in markets experiencing high inflation.
Beauty sales declined 17%, but raised 3% in constant dollars. Fashion & Home sales declined 19%, or 3% in constant dollars.
Avon Products, Inc. manufactures and markets beauty and related products worldwide. It offers beauty products, such as skincare, and personal care products, in addition to fragrances and color cosmetics; and fashion and home products comprising of jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products.
Finally, Corning Inc. (NYSE:GLW) ended its last trade with 1.25% gain, and closed at $21.06.
Corning Incorporated, declared that on May 5, 2015 it priced $375 million aggregate principal amount of senior unsecured notes that mature on May 8, 2018 at a coupon of 1.500% and $375 million aggregate principal amount of senior unsecured notes that mature on May 15, 2022 at a coupon of 2.900%. Subject to customary closing conditions, the sales are predictable to close on May 8, 2015. The net proceeds of the offerings will be used for general corporate purposes.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as joint book-running managers and underwriters for the offering.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
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