On Tuesday, in the course of current trade, Shares of Molycorp, Inc. (NYSE:MCP), dropped -3.02%, and is now trading at $0.42.
Molycorp, declared that it has elected to take advantage of the 30-day grace period with respect to the $32.5 million semi-annual interest payment due June 1, 2015 on its 10% Senior Secured Notes due 2020, as offered for in the indenture governing the notes. This election by the Company will not trigger any cross-default provisions in other outstanding Company debt preceding to the end of the grace period and should not affect current operations. As formerly revealed, the Company has retained financial and legal advisors to assist the Company to restructure its debt. The Company will use the grace period to continue to evaluate different options related to such debt restructuring.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
During an Afternoon trade, Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), dipped –0.24%, and is now trading at $29.10.
Houston’s most historic hotel, The Sam Houston, recently joined Curio – A Collection by Hilton, Hilton Worldwide’s growing global collection of distinctive hotels for passionate travelers seeking local discovery and authentic experiences. Built in 1924 and listed on the National Register of Historic Places, The Sam Houston provides guests with authentic hospitality, personalized service and contemporary amenities in a historic setting. Located in the heart of downtown Houston, the landmark hotel is near Houston’s Theater District, major corporations, sports and entertainment venues, urban parks and some of the area’s most popular places to shop and dine.
“The unique historical significance, local admiration and genuine hospitality found at The Sam Houston truly embodies the spirit of the Curio collection,” said Dianna Vaughan, global head, Curio – A Collection by Hilton. “We are excited to celebrate and preserve Houston’s longest running hotel, while providing guests with the reassurance of quality that comes with the Hilton name, together with the benefits of our award-winning Hilton HHonors program.”
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM), during its Tuesday’s current trading session gained 0.02%, and is now trading at $69.43.
QUALCOMM Incorporated, declared that its partner, Qualcomm Atheros, Inc., is launching the industry’s first hybrid wireless range extender utilizing Qualcomm Atheros’ leading HomePlug® AV2 (HPAV2) multi-input/multi-output (MIMO) Powerline and 802.11ac Wi-Fi® technologies. The company also declared a new HomePlug AV2 single-input/single output (SISO) solution that brings reliability to mainstream broadband equipment. Both Powerline solutions are based on the HomePlug AV2 standard that is designed to provide reliable, high-speed connectivity over existing electrical wiring in the home.
HomePlug AV2 Dual Band 802.11ac Range Extender.
Range extenders are an increasingly popular way to extend Wi-Fi connectivity throughout a home, using an existing electrical system as a wired backbone. The REH152, Qualcomm Atheros’ newest range extender reference design, combines its high-performance HomePlug AV2 chipset (the QCA7500) to provide two to three times greater performance than popular HomePlug AV solutions, and 802.11ac system-on-chip (QCA9882 and QCA9563) to create a dual-band, dual concurrent (DBDC) wireless hotspot anywhere it is plugged in. This is especially useful in rooms far from the home’s wireless router, or in cases where dense building construction creates wireless dead-spots or low-spots. The REH152 is equipped with a Gigabit Ethernet port to provide a wired connection to nearby stationary devices, and can be used as an energy-efficient repeater to enhance coverage. REH152 is presently sampling and the development kits are accessible now.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Finally, Las Vegas Sands Corp. (NYSE:LVS), gained 1.48% Tuesday.
Yesterday, the stock was down as some casino operator stocks were driven lower by the decline in revenue out of China’s Macau gaming region.
In May Macau’s revenue dropped by 37%, in line with what analysts were expecting. However, this marked a full year of successive monthly declines out of the only area in China where gambling is legal.
Revenue in Macau began to slump when the Chinese government started to crackdown on corruption out of the district. High stakes and VIP players started avoiding the tables in Macau when the government initiative commenced.
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People’s Republic of China.
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