During Wednesday’s Morning trade, Shares of News Corp (NASDAQ:NWSA), gained 1.50% to $13.51.
Realtor.com®, a leading online real estate services destination operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] partner Move, Inc., declared it will host an online opportunity for users to access a bonus entry in the HGTV® Dream Home Giveaway 2016. Realtor.com® is a premier sponsor of HGTV’s promotion of its 20th annual Giveaway, which runs from Tuesday, Dec. 29, 2015 at 9 a.m. ET through Thursday, Feb. 18, 2016 at 5 p.m. ET.
The first of its kind by an outside brand, the HGTV® Dream Home Giveaway bonus entry provides users an extra chance, by visiting realtor.com®, to win the awe-inspiring grand prize offered by HGTV in the sweepstakes – a home renovation partnership among the world’s leading design visionaries set along Florida’s sweeping Merritt Island shoreline, featuring the latest in architectural details and luxurious furnishings. It also comprises a 2016 GMC Acadia Denali®, $250,000 in cash and a new boat.
“The HGTV Dream Home Giveaway is a perfect fit with what we do at realtor.com® to assist people discover and create their perfect home,” said Nate Johnson, chief marketing officer of Move. “We provide buyers with the right information, tools, advice and connections to real estate professionals that equip them with the best chance to find their own personal dream home.”
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 Cliffs Natural Resources Inc (NYSE:CLF), inclined 10.06% to $1.75, during its current trading session.
Cliffs Natural Resources Inc. (CLF) has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business. Additionally, Seneca Coal may pay Cliffs an earn out of up to $50 million contingent upon the terms of a revenue sharing plan which extends through the year 2020.
Lourenco Goncalves, Cliffs’ Chairman, President and Chief Executive Officer said, “The sale of Pinnacle and Oak Grove to Seneca Coal marks Cliffs’ exit from the coal business, and represents another very important step in the implementation of our US iron ore pellet-centric, environmentally compliant strategy. We are happy to have found a buyer that was able to agree on a transaction that not only brings real value to Cliffs shareholders, but will also preserve jobs for the exceptional people at these two mines.” Mr. Goncalves added: “I commend the Cliffs’ coal operations team for an outstanding job achieving great safety, production and quality results, preserving the value of our coal business in light of the many headwinds the industry has faced over this past year. This transaction was only made possible due to the high quality of our people at the coal mines, and I wish them the very best as they move forward with Seneca Coal.”
Cliffs said that the transaction closed upon signing of the deal on Dec. 22, 2015. The Company stated that the deal structure is a sale of the equity interests of Cliffs’ remaining coal business which comprises the legal entities of Cliffs North American Coal LLC; Pinnacle Mining Company, LLC; Pinnacle Land Company, LLC; Oak Grove Resources, LLC; Oak Grove Land Company, LLC; and Beard Pinnacle, LLC.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Finally, Ericsson (ADR) (NASDAQ:ERIC), gained 1.04%, and is now trading at $9.68.
Envivio, a leading all-software video processing, delivery and monetization solutions company, now a part of Ericsson (ERIC), offered a converged head-end solution that allowed Movistar+ to serve the Spanish Liga match between Real Madrid and Barcelona to satellite pay TV customers in stunning Ultra High Definition, in addition to to connected devices powered by the Movistar+ application.
DTS Movistar+, a major pay TV provider owned by Telefonica, wanted to build a platform for satellite direct-to-home delivery and over-the-top (OTT) applications with full multiscreen functionality for the game. The software solution had to not only control the head-end but encode and process the entire network path, from the stadium where the game was played through the video servers.
“We knew that if we were going to make the leap to UHD content delivery, we wanted it to be flawless. Fans don’t want disruptions during their favorite sport, during a top rivalry,” said José Amselem, DTS Movistar+.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
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