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Sunday 26 July 2015
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Afternoon Trade News Buzz on: Cadence Design Systems Inc (NASDAQ:CDNS), McDermott International (NYSE:MDR), Voya Financial Inc (NYSE:VOYA), General Mills, Inc. (NYSE:GIS)

On Monday, in the course of current trade, Shares of Cadence Design Systems Inc (NASDAQ:CDNS), climbed 2.38%, and is now trading at $20.00.

Cadence Design Systems, declared that the Itseez OpenCV library of computer vision acceleration algorithms is now accessible on the Cadence Tensilica image/video digital signal processors (DSPs). The OpenCV software suite was ported by vision industry experts at Itseez and optimized by Cadence to make it much easier for designers to accelerate their compute-intensive vision processing applications.

The OpenCV library is well known for its advanced image processing, contour processing, computational geometry, various feature detectors and descriptors, object tracking, optical flow, camera calibration and machine learning tools.

Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.

During an Afternoon trade, Shares of McDermott International (NYSE:MDR), dipped -5.17%, and is now trading at $4.59.

McDermott International, declared it has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia.

The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi Arabia, establishes the terms and conditions by which McDermott can bid on future engineering, procurement, construction and installation (EPCI) opportunities in various fields in offshore Saudi Arabia.

McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.

Shares of Voya Financial Inc (NYSE:VOYA), during its Monday’s current trading session climbed 0.36%, and is now trading at $47.96.

Voya Financial, declared that it has filed comments in connection with the Department of Labor (DOL) proposal to expand the definition of “fiduciary” under the Employee Retirement Income Security Act (ERISA). This proposal impacts the institutions and individuals across America that sponsor and save in workplace retirement plans (401(k), 457 and 403(b) plans) and individual retirement accounts (IRAs). Voya’s comments are focused on several ways in which the proposal can be improved to ensure that employers, workers, retirees and account owners receive the information and services they need to plan, protect and invest for their retirement.

As one of the leading financial institutions in the United States, serving about 46,000 plan sponsors and 5 million plan participants, Voya shares the DOL’s broader aims to assist all Americans receive sound guidance on saving and planning, and to expand access to quality retirement planning and asset administration services. Voya is grounded in a clear mission to make a secure financial future possible — one person, one family, one institution at a time.

Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits.

Finally, General Mills, Inc. (NYSE:GIS), lost -0.05% Monday.

General Mills, unveiled its line-up of new products set to debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, counting new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups.

“General Mills has been growing for more than a century, constantly innovating and investing to meet changing consumer needs. As we enter fiscal 2016, we are keenly aware of our consumers changing food preferences. This presents a tremendous opportunity to create growth for General Mills,” said Ken Powell, General Mills Chairman and Chief Executive Officer. “We remain deeply committed to following our consumers and adapting our portfolio to their tastes and interests.”

General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.

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