On Thursday, Shares of General Electric Company (NYSE:GE), lost -0.27% to $26.03.
Capital One Financial Corp. is in exclusive talks with General Electric Co. to buy the company’s health-care finance unit, people familiar with the matter said, according to Bloomberg.
Negotiations are still under way and a deal could fall through, according to one of the people, who asked not to be identified because the talks are private. Both Capital One and Apollo Global Administration were poised to make final bids for the business at the end of last month, people with knowledge of the matter said then. Bloomberg Reports
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Hecla Mining Co. (NYSE:HL), declined -2.05% to $1.91, during its last trading session, hitting its lowest level.
Hecla Mining Company declared a second quarter net loss applicable to common shareholders of $26.8 million, or $0.07 per share, and a loss after adjustments applicable to common shareholders of $17.6 million, or $0.05 per share.
SECOND QUARTER HIGHLIGHTS AND NOTEWORTHY ITEMS
- Sales of $104.2 million.
- Adjusted EBITDA of $29.5 million.
- Operating cash flow of $30.8 million.
- Total silver production of 2.5 million ounces at a cash cost, after by-product credits, per silver ounce, of $5.61.
- Gold production of 44,692 ounces, of which Casa Berardi produced 30,939 ounces at a cash cost, after by-product credits, per gold ounce of $832.
- Accomplished acquisition of Revett Mining Company, owner of the Rock Creek project.
- Cash and cash equivalents of $192 million at June 30, 2015.
- Secured the third-party-owned Velardeña mill to process high-grade material from San Sebastian.
- Strong exploration success at San Sebastian and Casa Berardi.
- Raised estimated 2015 silver production to 10.5 - 11.0 million ounces.
- Accrual of $8.7 million for possible settlement of environmental claims at two legacy sites.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
Finally, Rackspace Hosting, Inc. (NYSE:RAX), ended its last trade with -4.57% loss, and closed at $31.50.
Rackspace Hosting, declared it has been positioned by Gartner, Inc. in the Leaders quadrant of “Magic Quadrant for Cloud-Enabled Managed Hosting” in both North America and Europe.
The Gartner assessments, performed by the firm’s IT industry experts, evaluates providers based on the completeness of their vision and their ability to execute. It categorizes providers in quadrants labeled Niche Players, Challengers, Visionaries, and Leaders. Rackspace was among the 19 providers assessed by Gartner, and one of two in the Leaders quadrant in North America. In Europe, the firm analyzed 16 providers and Rackspace is one of seven in the Leaders quadrant.
Rackspace has been a leader in managed hosting for more than 15 years and continues to expand on its strength supporting industry-leading technologies. Most recently, Rackspace expanded its support offering for Microsoft product portfolio with Fanatical Support® for Microsoft® Azure™. New managed service offerings like Fanatical Support for Azure complement the broad Rackspace product portfolio of supported platforms, counting Microsoft, VMware and OpenStack. This expertise allows customers the freedom to choose the best platform or technology for their individual needs and workloads.
With a strong and growing customer base, Rackspace serves more than 300,000 customers around the world, counting 69 percent of the Fortune® 100 companies.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customers requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.
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