On Friday, Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)’s shares declined -4.38% to $8.73.
The U.S. Federal Reserve’s decision not to raise interest rates was most likely based on the latest financial market volatility and below-target inflation numbers, BBVA Compass economists say in their latest report.
While there were a variety of arguments in favor of a rate hike — such as the 5.1 percent unemployment rate, the lowest since May 2008 — recent shifts by a few Federal Open Market Committee (FOMC) members about the appropriate timing for a monetary policy change gave clues that dovish views had begun to dominate the committee, the report notes.
The FOMC could still raise interest rates in its December meeting, and we will likely have a better understanding of what the members are looking for in the minutes from Thursday’s meeting, writes Chase, which are predictable to be released on October 8.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
Tesla Motors Inc (NASDAQ:TSLA)’s shares dropped -0.55% to $260.62.
Tesla Exploration Ltd. is happy to declare recently that it has accomplished the annual extension of its credit facility agreement with its lender subject to final documentation of the agreement. The extension is effective until June 30, 2016 , and provides the Company with the financial flexibility required in its operations during the next ten months. The New Facility comprises the following terms:
- North American operating facility: $10.0 million .
- North American non-revolving facility: $24.0 million .
- North American leasing facility: $2.5 million + USD$10 million .
- During the extension period, no further advances are permitted under the non-revolving facility or the leasing facilities without the approval of the lender.
- Interest rates on the operating and non-revolving facilities range from the lender’s prime rate plus 0.50% to prime plus 3.50% based on the Company’s ratio of funded debt to trailing twelve month EBITDA. Interest rates on the Company’s leases remain the same.
- North American borrowing base to be calculated as the lesser of $34 million and the sum of:
- 75% of accepted receivables.
- 85% of investment grade receivables.
- 100% of cash held with the lender.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
At the end of Friday’s trade, Alaska Air Group, Inc. (NYSE:ALK)‘s shares dipped -1.17% to $78.76.
Alaska Airlines has named 25-year Alaska Airlines employee Wayne Newton managing director of its Seattle station, overseeing the day-to-day operations at its largest hub. Newton replaces John Ladner, who moved into the role of managing director of fleet, standards and operational control on Sept. 1.
Formerly, Newton served as Alaska’s managing director of systems operations control. He has also held positions counting managing director of airport operations, covering all airports outside of Seattle, and director of station operations (Seattle).
Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments.
Xilinx, Inc. (NASDAQ:XLNX), ended its Friday’s trading session with -1.07% loss, and closed at $42.63.
Xilinx, Inc. (XLNX) and its ecosystem will showcase Cybersecurity and Smarter Industrial IoT solutions at the IoT Solutions World Congress. All Programmable FPGA and SoC devices are enabling key applications within Industrial IoT counting Cybersecurity, Smart Energy, Smart Manufacturing, and Smart Medical. Xilinx, in partnership with PFP Cybersecurity, are displaying advanced security solutions running on multiple ecosystem partner systems. Visit the Xilinx and PFP Cybersecurity booth in Exhibit Hall P1, Street E, Stand 546 at the IoT Solutions World Congress, September 16-18 at the Gran Via Convention Center in Barcelona.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
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