During Monday’s Current trade, Shares of AllianceBernstein Income Fund Inc. (NYSE:ACG), lost -0.25% to $7.92.
AllianceBernstein Income Fund, Inc. (ACG), a closed-end registered investment company with shares listed on the New York Stock Exchange (the “Fund”), declared recently that the Board of Directors of the Fund approved a projected acquisition of its assets, and the assumption of its liabilities, by AB Income Fund (“Income Fund”), a newly-formed series of AB Bond Fund, Inc., an open-end registered investment company (the “Acquisition”). The Acquisition requires the approval of the Fund’s shareholders and a Special Meeting of Shareholders of the Fund (the “Special Meeting”) is planned to be held on February 1, 2016 to solicit the vote of shareholders on the Acquisition. The close of business on October 28, 2015 has been fixed as the record date for the Special Meeting or any adjournment or postponement thereof.
Each of the Fund and Income Fund is advised by AllianceBernstein L.P. (the “Adviser”). Income Fund will have the same investment objective as the Fund. Like the Fund, Income Fund will normally invest at least 80% of its net assets in income-producing securities. The most noteworthy difference between the Fund and Income Fund is that while the Fund invests at least 65% of its assets in securities issued by the U.S. government, Income Fund will invest at least 65% of its assets in securities of U.S. and foreign governments. The broader investment policy of the Income Fund should provide the investment flexibility to better manage duration and credit risk. To limit the risk of this broader investment policy, the Income Fund will have an additional policy to invest at least 65% of its assets in securities denominated in U.S. dollars. Income Fund will be managed by the same portfolio managers as the Fund.
AllianceBernstein Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade fixed income securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, and repurchase agreements pertaining to U.S. Government securities.
Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), declined -1.79% to $66.82, during its current trading session.
Akamai Technologies, Inc. (AKAM), the global leader in content delivery network (CDN) services, today announced the appointment of Ashutosh (Ash) Kulkarni as Senior Vice President & General Manager of the Company’s Web Experience Division.
Mr. Kulkarni will lead the Akamai team focused on technology and solutions for optimizing the next generation of Web and mobile experiences across a wide range of device types, browsers and network connections. Akamai Web Performance solutions are designed to enable businesses to provide a fast, reliable and secure experience for consumers accessing their websites and applications. Mr. Kulkarni will report to Rick McConnell, Akamai’s President of Products & Development. He will be based in Akamai’s Santa Clara, California office.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally. The company offers media content delivery solutions to execute digital media distribution strategies, counting download delivery solutions for the distribution of file downloads, such as games, progressive video and audio files, documents, and other file-based content; and adaptive delivery solutions for streaming video content in various bitrate streaming formats; content preparation and packaging for multiple platforms, a customizable media player, and content protection technologies; a suite of analytics tools to monitor online video viewer experiences and the effectiveness of Web software downloads, while measuring audience engagement, and quality of service performance; and NetStorage, a cloud storage solution.
Brinker International, Inc. (NYSE:EAT), during its Monday’s current trading session decreased -1.21% to $53.27.
Brinker International, Inc. (EAT), declared results for the fiscal fourth quarter ended June 24, 2015.
Highlights comprise the following:
- Earnings per diluted share, not taking into account special items, raised 10.6 percent to $0.94 contrast to $0.85 for the fourth quarter of fiscal 2014. Earnings per diluted share, not taking into account special items, raised 14.0 percent to $3.09 contrast to $2.71 for the full year fiscal 2014.
- On a GAAP basis, earnings per diluted share raised 114.0 percent to $0.92 contrast to $0.43 for the fourth quarter of fiscal 2014 driven primarily by pre-tax charges of $39.5 million recorded in the preceding year related to litigation reserves. On a GAAP basis, earnings per diluted share raised to $3.05, contrast to $2.26 for the full year fiscal 2014.
- Brinker International company sales raised 0.5 percent to $738.4 million.
- Chili’s company-owned comparable restaurant sales reduced 0.8 percent.
Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands worldwide. As of September 24, 2014, it owned, operated, or franchised 1,622 restaurants. The company was founded in 1975 and is based in Dallas, Texas.
Finally, Solera Holdings Inc (NYSE:SLH), decreased -7.51%, to $41.89.
Solera Holdings, Inc. (SLH) declared it has attained Autodata B.V. (“Autodata”), a leading provider of vehicle valuation, inventory administration and workflow software for automotive dealers and leasing companies in the Netherlands.
Autodata’s fully integrated suite of vehicle valuation, inventory administration and marketing services provides data on about one in every four pre-owned cars for sale in the Dutch marketplace. In addition to enhancing its customer value proposition, Solera plans to leverage Autodata’s proprietary data to establish a standardized vehicle valuation methodology across Europe. Autodata’s solutions will also be integrated with Solera’s risk and asset administration solutions that bring together property insurers, auto dealers, vehicle mechanics, car manufacturers and consumers into one digital marketplace.
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.
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