During Tuesday’s Afternoon trade, Shares of Wyndham Worldwide Corporation (NYSE:WYN), lost -0.52% to $80.18.
Wyndham Hotel Group is set to expand its presence in South Korea by more than 200 percent over the next three years thanks to the signings of 12 new property franchise agreements so far in 2015, counting agreements for three Howard Johnson® hotels, marking the brand’s entry into South Korea.
This year’s signings build upon another 14 franchise agreements in South Korea executed by Wyndham Hotel Group in 2014, bringing the company’s pipeline in the country to more than 7,550 rooms within 26 new-construction hotels under the Ramada®, Days Inn® and Howard Johnson brand flags. Presently, Wyndham Hotel Group has 13 properties and more than 2,800 rooms open and operating in the country.
Wyndham Worldwide Corporation provides hospitality services and products to individual consumers and business customers worldwide. It operates three in segments: Lodging, Vacation Exchange, and Rentals, and Vacation Ownership. The Lodging segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, in addition to provides property administration services for full-service and select limited-service hotels. As of February 4, 2015, the company had about 7,440 franchised hotels and 638,300 hotel rooms.
Shares of RingCentral Inc (NYSE:RNG), inclined 2.47% to $20.71, during its Afternoon trading session.
RingCentral, Inc. (RNG), a leading provider of cloud business communications solutions, recently declared financial results for the second quarter ended June 30, 2015.
Second Quarter Highlights:
- Revenue raised 34% year-over-year to $70.7 million; subscription revenue raised 35% year-over-year to $64.4 million.
- Total annualized exit monthly recurring subscriptions grew 35% year-over-year to $274.6 million.
- RingCentral Office® annualized exit monthly recurring subscriptions grew 48% year-over-year to $205.4 million.
- Net monthly subscription dollar retention: overall over 99% and RingCentral Office over 100%.
- Non-GAAP subscription gross margins improved 5.3 points to 75.1% in Q2 2015 from 69.8% in the same period a year ago.
RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. The company’s products comprise RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, HD video and Web conferencing, and fax on devices, counting smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine.
Centene Corp (NYSE:CNC), during its Tuesday’s Afternoon trading session gained 0.46% to $72.23.
Centene Corporation (CNC) declared that it is a Platinum Level Sponsor for the National Council of La Raza Annual Conference, to be held July 11-14 at the Kansas City Convention Center in Kansas City, Missouri. As part of its participation and sponsorship in this conference, Centene and its auxiliaries will host a series of health events counting a health town hall and an anti-bullying workshop for youth, and will also provide free vision and dental screenings during the conference.
The National Council of La Raza (NCLR) is the largest national Hispanic civil rights and advocacy organization in the United States. The organization works to improve opportunities for Hispanic Americans. NCLR reaches millions of Hispanics each year in 41 states, Puerto Rico and the District of Columbia by conducting applied research, policy analysis, and advocacy.
Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates in two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, counting Medicaid, the State childrens health insurance program, long-term care, foster care, and dual-eligible individuals, in addition to aged, blind, or disabled programs.
Finally, RXi Pharmaceuticals Corp (NASDAQ:RXII), gained 1.11%, to $0.364.
Centene Corporation (CNC) and Health Net, Inc. (HNT) declared early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with their merger agreement under which Centene will acquire all of the shares of Health Net in a cash and stock transaction valued at about $6.8 billion, counting the assumption of about $500 million of debt.
As formerly declared on July 2, 2015, the combination of Centene and Health Net would create a leading diversified multi-national health care enterprise, extending Centene’s offerings in government programs, counting Medicare Advantage and programs offered through contracts with the U.S. Department of Defense and U.S. Department of Veterans Affairs, in addition to the commercial exchanges.
Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates in two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, counting Medicaid, the State childrens health insurance program, long-term care, foster care, and dual-eligible individuals, in addition to aged, blind, or disabled programs.
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