During Tuesday’s Morning trade, Shares of News Corp (NASDAQ:NWSA), lost -0.62% to $14.33.
News Corporation, stated financial results for the three months ended September 30, 2015.
FIRST QUARTER RESULTS FROM ONGOING OPERATIONS
The Company stated fiscal 2016 first quarter total revenues of $2.01 billion, a 4% decline as contrast to preceding year first quarter revenues of $2.11 billion. Adjusted revenues (as defined in Note 1) declined 1% contrast to the preceding year, as strong growth in the Digital Real Estate Services segment from REA Group Limited (“REA Group”) was offset by lower advertising revenues at the News and Information Services segment. Fiscal 2016 first quarter stated revenues comprise $85 million from the acquisition of Move, Inc. (“Move”) in November 2014, which was more than offset by negative foreign currency fluctuations, which reduced total stated revenues for the first quarter of fiscal 2016 by $188 million as contrast to the preceding year.
The Company stated first quarter Total Segment EBITDA of $165 million, a 15% decline as contrast to $194 million in the preceding year. Adjusted Total Segment EBITDA (as defined in Note 1) declined 7%, or $14 million, contrast to the preceding year, as continued strength at the Digital Real Estate Services and Cable Network Programming segments, coupled with lower fees and costs related to the U.K. Newspaper Matters (as defined below), were more than offset by the declines at the News and Information Services segment, counting higher legal costs at News America Marketing, and declines at the Book Publishing segment. Negative foreign currency fluctuations reduced Total Segment EBITDA by $29 million as contrast to the preceding year.
News Corporation, a media and information services company, focuses on creating and distributing content to consumers and businesses worldwide. The company distributes content and data products, such as The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron’s, Market Watch, Dow Jones Private Markets, and DJX through various media channels, counting newspapers, newswires, Websites, newsletters, magazines, proprietary databases, conferences, and video, in addition to applications for mobile devices, tablets, and electronic readers.
Shares of Glaxo Smith Kline plc (ADR) (NYSE:GSK), declined -0.62% to $40.70, during its current trading session.
GlaxoSmithKline plc, declared a tweet chat with the COPD Foundation and American Association for Respiratory Care (AARC) to raise awareness and education of COPD. Happening recently at noon Eastern, the chat will pose and discuss questions as it relates to COPD administration, optimal treatment outcomes, and improving the patient/physician dialogue. To take part in the tweet chat, participants can use the hashtag #COPDChat on Twitter.
COPD is a growing problem in the U.S. and in one decade has risen from the fourth leading cause of death to the third, after heart disease and cancer.1 Although COPD is not curable, it is important for patients to understand that it is both manageable and treatable. Through early negotiations with a primary care physician or pulmonologist, it is possible for patients to receive early diagnosis and start building proper nutrition, exercise and treatment plans unique to their lifestyle and favorable for reduced disease progression.
5.5 percent of U.S. health costs are spent on chronic lung disease with a total of $49.9 billion annual costs accounting for COPD alone. Additionally, 26 percent of U.S. respondents stated visiting the emergency room with 17 percent having been hospitalized in 2014.
During the #COPDChat, GSK, AARC and the COPD Foundation will be joined by knowledgeable healthcare providers, eager and ready to discuss expert information on COPD and how to better manage the disease so patients are able to maintain a healthy and comfortable quality of life.
GlaxoSmithKline plc creates, discovers, develops, manufactures, and markets pharmaceutical products, counting vaccines, over-the-counter medicines, and health-related consumer products worldwide. The company offers pharmaceutical products in the therapeutic areas, counting respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, and emesis, dermatology, rare diseases, immuno-inflammation, vaccines, and HIV.
Finally, Shares of Nordstrom, Inc. (NYSE:JWN), gained 1.77%, and is now trading at $63.81.
Seattle-based Nordstrom, declared plans to relocate its Rack store at Howe Bout Arden to a redeveloped space within the Sacramento, California center. The new development will be known as HBA. The about 35,000-square-foot store is planned to open in fall 2016. The existing property and redeveloped space is owned by SyWest Development.
Nordstrom Rack will join The Container Store, a movie theater and several small shops and restaurants as part of the new development. The new Rack will be on the west side of HBA, conveniently located near the intersection of Ethan Way and Arden Way.
“Nordstrom Rack has been happy to call Sacramento home since 1999,” said Geevy Thomas, president of Nordstrom Rack. “We look forward to ongoing to serve this community in an updated space better suited to serve our customers, which we think will offer a great shopping experience.”
Recently, there are fourteen Rack locations in Northern California, with additional locations in Folsom and Santa Rosa also planned to open in 2016.
“We are thrilled to have worked with Nordstrom to relocate their store. Once complete, the renovated Howe Bout Arden with the newly expanded HBA shops will provide a fully-integrated shopping and entertainment venue for our customers,” said Bill Vierra, SyWest’s president and COO. “Nordstrom was visionary in their partnering with us to facilitate this expansion and very conscious of achieving the best retailing environment possible for the public.”
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit.