On Monday, Shares of Citigroup Inc. (NYSE:C), gained 1.80% to $55.54.
Citi’s Board of Directors recently declared that it has elected Eugene M. McQuade as a new non-executive director, effective right away. Mr. McQuade is the former CEO of Citibank, N.A. and former Vice Chairman of Citigroup and is presently the Chairman of the Board of XL Group.
“We are happy to have Gene McQuade join us on the Citigroup board,” said Citi Chairman Michael E. O’Neill. “Not only does Gene bring a wealth of expertise from his deep experience in banking, but he also offers continuity of knowledge in the capital planning process which has become so central to our business planning.”
“When we called upon Gene to delay his retirement to assist guide our capital planning process this past year, he took on that role with characteristic poise and professionalism,” said Citi CEO Michael Corbat. “We look forward to ongoing to have his wise counsel in this capacity.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of ON Semiconductor Corp. (NASDAQ:ON), declined -1.50% to $11.17, during its last trading session.
ON Semiconductor Corporation, driving energy efficiency innovations, is expanding its highly-regarded 1/3-inch 1 megapixel (MP) image sensor portfolio with early sampling of the company’s first backside illuminated (BSI) sensor technology for the automotive imaging market. The innovative new sensor technology delivers 4x better low light signal-to-noise ratio, a 40 percent enhance in visible light sensitivity, and greater than 60 percent improvement in near infrared (NIR) performance than the current market leading AR0132AT CMOS image sensor for advanced driver assistance systems (ADAS).
“The advantages this new BSI technology brings to the automotive market are exciting,” said Sandor Barna, vice president, Automotive and Scanning Division at ON Semiconductor. “The state-of-the-art BSI devices based on this technology, that we presently have in early sampling, exhibit true industry-leading low light performance, and demonstrate our commitment to continued investment in automotive imaging technology.”
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
Finally, IMAX Corporation (NYSE:IMAX), ended its last trade with 2.19% gain, and closed at $37.26.
IMAX Corporation, and Sony Pictures Entertainment declared recently that Pixels, the action-comedy starring Adam Sandler, directed by Chris Columbus, and produced by Happy Madison Productions and 1492 Pictures, will be digitally re-mastered into the immersive IMAX® 3D format and released into select IMAX® theatres domestically on July 24. The film will also be released in select overseas IMAX® theatres in conjunction with their wide international release dates.
Together with Sandler, the film also stars Kevin James, Peter Dinklage, Josh Gad and Michelle Monaghan.
Commenting on the declaration, Rory Bruer, president, Worldwide Distribution for Sony Pictures, said, “Pixels is an extremely fun ride with dazzling special effects – which makes it a perfect match with IMAX. Moviegoers will love how exciting this 3D summer tentpole looks in the IMAX screens.”
The IMAX® 3D release of Pixels will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images, coupled with IMAX’s customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.
IMAX Corporation, together with its auxiliaries, operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. The company operates in seven segments: IMAX Systems, Theater System Maintenance, Joint Revenue Sharing Arrangements, Film Production and IMAX Digital Re-Mastering (DMR), Film Distribution, Film Post-Production, and Other. The IMAX Systems segment designs, manufactures, sells, or leases IMAX theater projection system equipment.
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