On Friday, Shares of Oracle Corporation (NYSE:ORCL), lost -1.71% to $ 36.27.
Oracle Corporation, declared that its first quarter fiscal year 2016 results will be released on Wednesday, September 16th, after the close of the market. Oracle will host a conference call and live webcast at 2:00 p.m. Pacific Time to discuss the financial results.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, in addition to automate their business processes.
Shares of Advanced Micro Devices, Inc (NASDAQ:AMD), inclined 1.68% to $1.82, during its last trading session.
Advanced Micro Devices Inc. AMD looks determined to ride on the growing popularity of gaming devices. In this regard, the company launched a graphic processing unit (GPU), AMD Radeon R9 Nano — the latest addition to the AMD Radeon R9 fury graphics family —suitable for 4K gaming. Zacks
Advanced Micro previewed the AMD Radeon R9 Nano graphics card at the Electronic Entertainment Expo in Los Angeles in Jun 2015. Based on the graphics chip code titled Fiji, this card is ideal for gamers who require superior graphic performance. The graphics card will support the modern APIs such as DirectX12 and Vulkan with the desired speed for optimal graphics’ solutions for notebooks and desktops. It has been designed to deliver up to 8.19 teraFLOPS of computing performance, offering extreme gaming details.
The new card is 30% more power efficient than the previous generation AMD Radeon™ R9 290X card. It provides improved efficiency and performance for ultra-high resolutions and great VR experience. Ranging in price from $199–$649, Radeon R9 line of graphics cards comprise 4,096 stream processing units, 2GB GDDR5 memory, up to 1.0Gbps memory clock speed and 1,000 MHz engine clock. Additionally, it supports Project FreeSync and AMD TrueAudio technology offering improved sound effect through stereo headsets and speakers. Thus Advanced Micro’s revenues are poised to grow if the latest GPU manages to cater to growing demand.
Advanced Micro’s turnaround plan remains on track. The company intends to expand its semi-custom business into high-growth markets such as the ultra-low power client, embedded, dense server and professional graphics, by offering various products that run on its APU and graphics IP.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
Finally, General Mills, Inc (NYSE:GIS), ended its last trade with - 1.77% loss, and closed at $56.59.
General Mills, Inc., (GIS) declared it has reached a definitive agreement to sell its Green Giant and Le Sueur vegetable businesses to B&G Foods, Inc., (BGS) for about $765 million in cash, subject to an inventory adjustment at closing.
General Mills will continue to operate the Green Giant business in Europe and select other export markets under license from B&G Foods.
The sale reinforces General Mills’ planned precedingity to shape its portfolio for growth, focusing its resources on the brands, categories, and geographic markets that have the greatest future growth opportunities.
The Green Giant and Le Sueur businesses comprised in the projected transaction, comprised of the U.S., Canada, and select other markets, generated annual net sales of about $585 million in fiscal 2015.
The transaction, which is subject to regulatory approval, is predictable to close by the end of the calendar year. General Mills anticipates to use the net proceeds for share repurchases and debt reduction. The company anticipates the transaction will be dilutive to fiscal 2016 earnings per share in the range of about 5 to 7 cents, not taking into account transaction costs and a one-time gain on the sale.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.
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