On Friday, Shares of Wells Fargo & Company (NYSE:WFC), gained 0.77% to $57.33.
Wells Fargo & Company NeighborWorks America® and its network member Neighborhood Housing Services of New Haven joined mayors of New Haven, East Haven and West Haven, Conn. to declare the $4.75 million New Haven Wells Fargo HomeLIFT℠ program to assist boost homeownership and strengthen neighborhoods.
Of the HomeLIFT program funds for New Haven, East Haven, and West Haven, $4.1 million will go toward down payment assistance grants and program support to assist potential homebuyers overcome the barrier of making a sufficient down payment.
Down payment assistance grants of $15,000 will be accessible for eligible homebuyers with annual incomes that do not exceed 120 percent of the local area median income – which is about $100,100 for a family of four – with income maximums varying depending on family size and type of loan. To be eligible, homebuyers must meet specific criteria, such as concluding an eight-hour homebuyer education session with Neighborhood Housing Services of New Haven, a HUD-approved counselor.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Xilinx Inc. (NASDAQ:XLNX), inclined 0.70% to $43.45, during its last trading session.
Xilinx declared its Low-Density Parity-Check (LDPC) error correction IP fundamental to enabling next generation Flash-based applications for the cloud and data center storage market. As NAND Flash continues to advance with 3D NAND technologies, LDPC error correction is a critical core function for meeting the stringent reliability and endurance requirements of today’s storage solutions. Xilinx’s LDPC IP solution features best-in-class code performance near Shannon limit, achieves very low error floor, and supports both hard and soft decision decoding. The architecture is scalable and future proof to support various next-generation non-volatile memory devices and offers the high throughput and low latency required for the most demanding storage applications. This solution requires 50% less logic as compared to alternate solutions and is Xilinx® FPGA optimized for smaller area and power.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
Finally, Communications Sales & Leasing, Inc. (NASDAQ:CSAL), ended its last trade with 3.83% gain, and closed at $23.06.
Communications Sales & Leasing declared its financial results for the second quarter of 2015.
SECOND QUARTER RESULTS
CS&L was spun-off from Windstream Holdings, Inc. on April 24, 2015. As such, the Company’s results for the second quarter comprise only the period from April 24, 2015 through June 30, 2015 and no preceding period results are stated in this release.
Funds from Operations (“FFO”), as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), attributable to common shares for the period was $71.8 million, and Adjusted FFO (“AFFO”) attributable to common shares was $72.3 million. FFO and AFFO per diluted common share was $0.48 each for the period.
Adjusted EBITDA and net income of CS&L was $122.2 million and $8.3 million, respectively. Net income attributable to common shares was $8.0 million, or $0.05 per diluted share, for the period.
Communications Sales & Leasing, Inc. operates as a real estate investment trust. It primarily engages in the acquisition and leasing of communication distribution systems. It owns 64,000 route miles of fiber, 235,000 route miles of copper, and central office land and buildings across 29 states.
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