On Wednesday, Shares of Cypress Semiconductor Corporation (NASDAQ:CY), gained 0.38% to $10.58.
AgigA Tech Inc., a partner of Cypress Semiconductor Corp. (CY) and a leading provider of high-speed, high-density, battery-free nonvolatile memory solutions, will demonstrate its DDR4 Nonvolatile DIMM (NVDIMM) technology in industry-standard server platforms at the Flash Memory Summit August 10-13, 2015. The active demonstrations will have multiple NVDIMMs, counting AgigA Tech’s flagship DDR4 AGIGARAM solution, running to show memory persistence, performance and other key features of the technology. Performance benchmarks will also be shown comparing NVDIMM to other storage technologies. The demo will take place in conjunction with the NVDIMM Special Interest Group (SIG) in the Storage Network Industry Association’s (SNIA) booth number 820 here at the Santa Clara Convention Center.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Shares of Alon USA Energy, Inc. (NYSE:ALJ), inclined 1.28% to $22.86, during its last trading session.
Alon USA Energy declared results for the second quarter of 2015. Net income accessible to stockholders for the second quarter of 2015 was $36.4 million, or $0.52 per share, contrast to net loss accessible to stockholders of $(7.5) million, or $(0.11) per share, for the same period last year. Not taking into account special items, Alon recorded net income accessible to stockholders of $46.4 million, or $0.67 per share, for the second quarter of 2015, contrast to net loss accessible to stockholders of $(3.4) million, or $(0.05) per share, for the same period last year.
Net income accessible to stockholders for the first half of 2015 was $63.3 million, or $0.91 per share, contrast to net loss accessible to stockholders of $(6.7) million, or $(0.10) per share, for the same period last year. Not taking into account special items, Alon recorded net income accessible to stockholders of $68.0 million, or $0.98 per share, for the first half of 2015, contrast to net income accessible to stockholders of $0.5 million, or $0.01 per share, for the same period last year.
Paul Eisman, President and CEO, commented, “We are happy with our strong results for the second quarter of 2015. The excellent performance from our refining and wholesale marketing segment was complemented by solid results from our retail segment. We were also happy to see an improvement in our asphalt business for the quarter contrast to the preceding quarter and relative to the second quarter of 2014.
Alon USA Energy, Inc. engages in refining and marketing petroleum products, primarily in the South Central, Southwestern, and Western regions of the United States. It operates in three segments: Refining and Marketing, Asphalt, and Retail.
Finally, Hersha Hospitality Trust (NYSE:HT), ended its last trade with -3.59% loss, and closed at $25.24.
Hersha Hospitality Trust, declared the Company closed on a new $300 million Senior Unsecured Term Loan. The new Term Loan, together with the Company’s $500 million senior unsecured credit facility, comprising of a $250 million revolving line of credit and a $250 million term loan, expands the Company’s senior unsecured borrowing capacity from $500 million to $800 million.
The Term Loan’s interest rate is based on a pricing grid with a range of 150 to 225 basis points over LIBOR, based on the Company’s leverage ratio, and matures in 5 years from the closing date. At closing, $210 million was advanced to the Company as a single draw. The remaining $90 million will be accessible to the Company on a delayed draw basis up to 360 days after the closing date in one or more advances. The Company will utilize the Term Loan to refinance existing indebtedness, as well as for general corporate purposes, potential acquisitions and capital expenditures.
The Term Loan was arranged by Citigroup Global Markets, Inc. and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Running Managers. Bank of America, N.A., Manufacturers and Traders Trust Company, Raymond James Bank, N.A., TD Bank, N.A., PNC Bank, National Association, and Fifth Third Bank, an Ohio Banking Corporation acted as Co-Documentation Agents. Compass Bank, First Commercial Bank, Goldman Sachs Bank, USA and U.S. Bank, National Association acted as Senior Managing Agents. Other lenders comprised of Beneficial Mutual Savings Bank and The Provident Bank.
Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States. As of June 30, 2005, it owned interests in 35 hotels, counting 4 hotels owned through joint ventures in Pennsylvania, New York, New Jersey, Maryland, Georgia, Connecticut, and Massachusetts.
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