On Monday, Shares of Yahoo! Inc. (NASDAQ:YHOO), lost -0.35% to $39.54.
Yahoo, declared the initial filing with the Securities and Exchange Commission of a Registration Statement on Form N-2 under the Investment Company Act of 1940 in connection with its formerly declared plan to spin off the company’s remaining holdings in Alibaba Group Holding Limited into a newly formed independent, publicly traded, registered investment company. The name selected for the new public company is Aabaco Holdings, Inc.
Under the spin-off plan, declared on January 27, 2015, Yahoo plans to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Right away after the spin-off, Aabaco Holdings will own about 384 million shares of Alibaba Group, representing an ownership interest of about 15% in Alibaba Group, and a 100% ownership interest in a newly formed entity which will own Yahoo Small Business.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of SolarCity Corporation (NASDAQ:SCTY), inclined 6.94% to $55.77, during its last trading session.
SolarCity Corporation, declared that it will issue its second quarter 2015 earnings report after the market’s close on Wednesday, July 29, 2015. A conference call has been planned to talk about these results at 2:00 p.m. (Pacific Time).
The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be accessible two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode is 13614515. The replay will be accessible until August 5, 2015.
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States.
Finally, RTI International Metals, Inc. (NYSE:RTI), ended its last trade with -2.76% loss, and closed at $28.85.
RTI International Metals, declared that it has been selected to provide finished titanium structural parts by Airbus for its new A350-1000 aircraft program.
The award from Airbus – which represents its first procurement of RTI parts manufactured entirely by RTI’s vertically integrated supply chain – calls for RTI to supply two final-machined structural titanium fuselage parts for the Airbus A350-1000 aircraft model.
Under the award, work to be performed by RTI comprises providing titanium mill products, in addition to extruding, forming, final machining and managing external suppliers. A portion of the extrusion, forming and machining will be performed by business units attained by RTI over the last three years, as part of the implementation and build-out of RTIs vertically integrated supply chain. These facilities comprise RTI Advanced Forming, Ltd. and RTI Extrusions Europe, Ltd., both located in The United Kingdom.
RTI International Metals, Inc. produces and supplies titanium mill products; and manufactures fabricated titanium and specialty metal components worldwide. The company operates through two segments, Titanium, and Engineered Products and Services.
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