During Wednesday’s Morning trade, Shares of Time Warner Inc (NYSE:TWX), gained 0.48% to $70.83.
Time Warner Inc., declared that it has priced a $600 million underwritten public offering of 3.875% senior notes due 2026 at a price equal to 99.951% of their face amount and a $300 million underwritten public offering of 4.85% debentures due 2045 at a price equal to 96.812% of their face amount (“additional debentures”). The additional debentures constitute an additional issuance of, will form a single series with, will have the same terms and CUSIP number as, and will trade interchangeably with, the outstanding 4.85% Debentures due 2045 issued by Time Warner on June 4, 2015. The net proceeds from the issuance of the notes and additional debentures will be used for general corporate purposes. The sale of the notes and additional debentures is predictable to close on November 20, 2015.
The notes and additional debentures will be issued by Time Warner and guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee the obligations of Historic TW Inc. under its guarantee. The guarantee structure for the notes and additional debentures will be the same as the structure for the notes and debentures Time Warner has issued since 2010.
The offering is being made following an effective registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”). Interested parties should read the prospectus comprised in such registration statement and the prospectus supplement for the offering and other documents that Time Warner has filed with the SEC for more complete information about Time Warner and the offering.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television networks and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers.
Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), inclined 0.99% to $10.19, during its current trading session.
Brocade, declared that the Brocade Virtual Evolved Packet Core has achieved VMware Ready™ status for Network Functions Virtualization (NFV). This designation indicates that after a detailed validation process, the Brocade Virtual Evolved Packet Core has achieved VMware’s highest level of endorsement, and can be found on the VMware Solution Exchange (VSX).
“This certification demonstrates a strong commitment between VMware as the leading virtualization vendor and Brocade as the networking leader for the New IP,” said Sachin Kapur, senior director, Software Engineering, Mobile Networking R&D, Brocade. “Brocade is one of the first to be certified by VMware Ready for NFV, and the certification builds on existing success Brocade and VMware have shared in delivering NFV solutions to the market.”
Brocade has shown leadership in delivering real-world NFV solutions to Communication Service Providers running on the VMware virtualization platform, and VMware Ready for NFV certifies the Brocade Virtual Evolved Packet Core for compatibility with the VMware NFV infrastructure. The Brocade Virtual Evolved Packet Core provides linear and independent scaling in signaling, throughput and storage, and exceeds the performance available from purpose-built hardware for traditional Evolved Packet Cores — all while enabling lower total cost of ownership.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
Finally, Shares of U.S. Bancorp (NYSE:USB), gained 1.00%, and is now trading at $43.45.
About 70 percent of consumers across all generations (85 percent of millennials) believe banks that are current with the latest technology are more trustworthy than banks that lag; however, nearly 4 out of 5 Americans say when it matters most, they value people more.
The findings come from The Balancing Act: U.S. Bank 2015 Outlook on People and Technology, which uncovered some surprising facts about how consumers expect to use financial services in the future.
“American consumers want more from their banks than apps — they want advocates,” said Gareth Gaston, executive vice president, Omni channel, U.S. Bank. “Everything we do at U.S. Bank is guided by a relationship-first philosophy. Our role in that relationship is to discover what’s possible for our customers, combine it with what they are aspiring to and guide them along the way.”
The U.S. Bank Coaches Program connects a team of industry experts to consumer issues, offering practical insight and advice on relevant topics. Coaches will share knowledge and tips in their respective areas of expertise to empower consumers to get the most from their banking relationships. From finding your passion in the community to understanding how to think about the latest technology trends, the U.S. Bank Coaches Program will provide relevant insights and new ways to think about recently’s trending topics.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.