During Friday’s Current trade, Shares of CBRE Group Inc (NYSE:CBG), gain 0.08% to $38.05.
CBRE Group, Inc. (CBG) declared the completion of the offering of $600 million in aggregate principal amount of 4.875% Senior Notes due 2026 (the “Notes”). The Notes have an interest rate of 4.875% per annum and have been issued at a price equal to 99.240% of their face value. The Company’s wholly-owned partner, CBRE Services, Inc., issued the Notes, which are guaranteed on a full and unconditional basis by the Company and the auxiliaries that guarantee its senior credit facility.
The Company estimates that the net proceeds from the offering will be about $589.6 million, after deducting the underwriters’ discounts and estimated offering expenses. The Company intends to use the proceeds from this offering for general corporate purposes, counting paying a portion of the consideration for its formerly declared acquisition of Johnson Controls, Inc.’s Global Workplace Solutions (GWS) business. The acquisition is predictable to close in the late third quarter or early fourth quarter of 2015.
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Administration; and Development Services segments. It provides advisory services, such as planned advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, counting market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, and property condition and environmental consulting, in addition to originates and services commercial mortgage loans.
Shares of Rackspace Hosting, Inc. (NYSE:RAX), inclined 0.47% to $29.67, during its current trading session.
Rackspace®(RAX), the #1 managed cloud company, recently declared financial results for the quarter that ended June 30, 2015.
On a GAAP basis, net revenue for the second quarter of 2015 was $489 million, up 11.0 percent from the second quarter of 2014. These results were adversely affected by shifts in currency exchange rates. On a constant currency basis, net revenue grew 13.7 percent from the second quarter of 2014.
Adjusted EBITDA for the quarter was $162 million, up 14.2 percent from the second quarter of 2014. Net income for the second quarter was $29 million, for a margin of 6.0 percent, up from 5.1 percent in the second quarter of 2014.
For the second quarter of 2015, cash flow from operating activities was $123 million, capital expenditures were $152 million, and Adjusted Free Cash Flow was negative $0.7 million. At the end of the second quarter of 2015, cash and cash equivalents were $317 million, and interest-bearing debt counting capital lease obligations totaled $7 million. Return on Capital was 12.1 percent in the second quarter of 2015 contrast to 10.1 percent in the second quarter of 2014.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.
Coty Inc (NYSE:COTY), during its Friday’s current trading session decreased -2.76% to $29.63.
Coty Inc. (COTY) declared that its Board of Directors has approved a $700 million share repurchase authorization of its Class A common stock. This authorization comprises any amounts remaining under the existing stock repurchase authorization.
Repurchases will be made from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common stock, and general market conditions. No time has been set for the completion of the repurchase program, and the program may be suspended or suspended at any time. The repurchase program authorizes the Company to purchase its common stock from time to time through open market purchases, negotiated transactions or other means, counting 10b5-1 trading plans in accordance with applicable securities laws and other restrictions.
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes womens and mens fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care. It offers various fragrance products under the Calvin Klein, Davidoff, Marc Jacobs, Chloé, Playboy, Balenciaga, Beyoncé, Bottega Veneta, Guess?, Lady Gaga Fame, Roberto Cavalli, and Katy Perry brands; and color cosmetics products, counting lip, eye, nail, and facial color products under the OPI, Rimmel, and Sally Hansen brands.
Finally, HollyFrontier Corp (NYSE:HFC), decreased -1.15%, to $52.61.
HollyFrontier Corporation (HFC) (“HollyFrontier” or the “Company”) recently stated second quarter net income attributable to HollyFrontier stockholders of $360.8 million or $1.88 per diluted share for the quarter ended June 30, 2015, contrast to $176.4 million or $0.89 per diluted share for the quarter ended June 30, 2014. Comprised of in the current quarter results was a non-cash inventory valuation adjustment that raised earnings by $82.7 million, after-tax, or $0.43 per share.
HollyFrontier also declared that its Board of Directors declared a regular quarterly dividend of $0.33 per share. This dividend will be paid on September 25, 2015 to holders of record of common stock on September 2, 2015.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt. The company offers its products to other refiners, convenience store chains, independent marketers, retailers, truck stop chains, wholesalers, railroads, governmental entities, paving contractors or manufacturers, and commercial and specialty markets, in addition to for commercial airline use.
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