On Tuesday, Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ), gained 3.44% to $4.51, hitting its highest level.
The development of the underground mine at Oyu Tolgoi in Mongolia has taken a noteworthy step forward recently with the signing of the Oyu Tolgoi Underground Mine Development and Financing Plan (the Plan) by the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. The Plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project.
With a new pathway to development of the underground mine agreed, the focus now shifts to finalizing the project finance, the feasibility study and securing all necessary permits so that the underground mine development can proceed.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012.
Shares of Altera Corp. (NASDAQ:ALTR), declined -0.17% to $46.85, during its last trading session.
Altera Corporation, declared that its 28 nm Cyclone® V field-programmable gate arrays (FPGAs) have been chosen by Harris Corporation for its newest Falcon® III wideband tactical radio.
The radio, presently in production, has been designated by the U.S. National Security Agency (NSA) to be NSA Type-1 certified, enabling Harris to field the radio for secure voice and data communications.
Altera also declared it has successfully accomplished the NSA Information Assurance Directorate (IAD) Secure Implementation Guidelines (SIG) document, which provides unified government recommendations on the use of security settings in Altera FPGA and SoC products and how these products can be used most securely to mitigate security threats in system designs.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
At the end of Tuesday’s trade, Shares of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), gained 1.35% to $58.76.
Qihoo 360 Technology, stated its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter Financial Highlights
- Revenues were $384.4 million, a 45% enhance from $265.1 million in the first quarter of 2014.
- Net income attributable to Qihoo 360 was $53.0 million, contrast to $49.1 million in the first quarter of 2014.
- Non-GAAP net income attributable to Qihoo 360 was $81.9 million, contrast to $73.3 million in the first quarter of 2014.
- Diluted earnings per ADS (“EPADS”) attributable to Qihoo 360 was $0.41, contrast to $0.37 in the same period last year.
- Non-GAAP diluted EPADS attributable to Qihoo 360 was $0.57, contrast to $0.54 in the same period last year.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems.
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