On Wednesday, Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), lost -7.02% to $31.92.
Twenty-First Century Fox stated financial results for the three months and full year ended June 30, 2015.
Commenting on the results, Executive Chairman Rupert Murdoch said:
“We made clear operational strides over the last year that will further position us to benefit from the strong and growing global demand for high quality video content. We delivered a solid financial performance, driven by sustained gains in associate fees, while we continued to invest in building our new channels Fox Sports 1, FXX and Star Sports. The appeal of our new sports rights resonated with consumers globally, whether it was STAR Sports in India setting new records with hundreds of millions of viewers for the ICC Cricket World Cup, or the more than 25 million viewers who watched the Women’s World Cup Final on FOX. Our film studio achieved outstanding critical and box-office success with a truly diverse range of films and we are proud of the creative excellence that earned it the most Academy Awards in the industry. Our company is well positioned for this time of opportunity in our industry. We will balance the utilization of our strong balance sheet to drive growth. Today’s declaration of our new $5 billion buyback authorization reflects our ongoing program to provide direct shareholder returns.”
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments.
Shares of JPMorgan Chase & Co. (NYSE:JPM), inclined 0.39% to $68.73, during its last trading session.
JPMorgan Chase & Co. declared it is simplifying its jumbo loan product and lowering FICO and downpayment requirements for those loans. A buyer with a FICO of 680 or higher looking to purchase a single-family property can now put as little as 15 percent down. Formerly, single-family homebuyers were required to have a minimum FICO of 740 with 20 percent down payment.
Chase rolled out easy-to-understand guidelines for primary and second-home loans, investment properties and cash-out finance loans. Part of a firm-wide simplification process, the new loan guidelines reflect Chase’s thorough analysis of market and borrower risk.
“Everyone in the home-buying process – from consumers to real estate agents and mortgage bankers – can more easily understand how we can assist them close on a loan fast,” said Sean Grzebin, head of Retail Lending.
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Finally, Finjan Holdings, Inc. (NASDAQ:FNJN), ended its last trade with 27.95% surge, and closed at $2.06.
Finjan Holdings, declared its patents have been certified and comprised of as a founding member of the Open Register of Patent Ownership (ORoPO). ORoPO, a voluntary non-profit agency, serves as the world’s first open register of patent ownership offering a simple solution to the long-standing complex issue involving the accuracy of patent ownership. Other ORoPO founding members comprise leading technology companies IBM, Microsoft, ARM, BAE Systems, Shazam, Patent Properties, and Conversant. They support ORoPO to create an online platform where information about patent holders can be accessed.
According to research done by CIPHER AISTEMOS, a London-based IP business intelligence and strategy company, IP assets now account for up to 70% of enterprise value. Preceding to the ORoPO platform, information on who owned the world’s patents was recorded disparately across 160+ patent offices worldwide. ORoPO estimates that 25% of information held in these offices is either out of date, incomplete or inaccurate leading to various challenges for people seeking information about intellectual property assets.
Finjan Holdings, Inc., through its partner, Finjan, Inc., invests in, and develops Web and network cybersecurity technology. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end-users from identity and data theft, spyware, malware, phishing, trojans, and other Web and network threats.
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