On Thursday, Shares of EMC Corporation (NYSE:EMC), gained 1.34% to $27.21, after Re/code stated that the storage company was considering a deal that would involve a buyout by partner VMware Inc.
EMC’s board is considering the steps as part of a “wide-ranging planned review of its operations and as a partial response to pressure from an activist shareholder,” the technology news website said Wednesday, citing unidentified sources. Bloomberg Reports
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Shares of Newmont Mining Corporation (NYSE:NEM), inclined 0.06% to $16.36, during its last trading session.
On July 27, Newmont Mining Corporation declared it has closed the sale of its equity stake in the Valcambi gold refinery in Switzerland to a partner of Rajesh Exports Ltd (“REL”) for total net proceeds of US$119 million. Newmont will continue its existing refining relationships with Valcambi under the new ownership structure.
The Valcambi refinery began operations in 1961 in Balerna, Switzerland, and Newmont first attained its equity interest in 2004 from Credit Suisse. Valcambi has grown to be one of the world’s largest gold and silver refineries, with a noteworthy manufacturing business. REL, a leading gold jewelry manufacturer and one of the largest direct gold consumers in the world, has been a longstanding customer of Valcambi.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
Finally, zulily, Inc. (NASDAQ:ZU), ended its last trade with 13.35% surge, and closed at $13.33.
Zulily stated financial results for its second quarter ended June 28, 2015.
Second Quarter Financial Highlights
- Net sales raised to $297.6 million, up 4% year over year.
- Gross profit raised to $92.5 million, up 14% year over year. Gross margin raised to 31.1%, up 270 basis points year over year.
- Non-GAAP adjusted EBITDA was $14.2 million contrast to $14.4 million in the preceding year; net income was $3.5 million contrast to $7.8 million in the preceding year.
- Non-GAAP diluted net income per share was $0.06 contrast to $0.09 in the preceding year; diluted net income per share was $0.03 contrast to $0.06 in the preceding year.
- Cash, cash equivalents, and short-term investments totaled $313.6 million as of June 28, 2015.
zulily, inc. operates as an online retailer in the United States, Canada, Australia, the United Kingdom, and internationally. The company provides merchandise to moms purchasing for their children, themselves, and their homes.
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