During Friday’s Morning trade, Shares of Charles Schwab Corp (NYSE:SCHW), lost -2.17% to $32.49.
Charles Schwab Investment Administration, declared that there will be no capital gains distributions in 2015 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETFs™ family for the sixth successive year.
“Many investors are attracted to the tax efficiency that ETFs provide, so we’re proud that Schwab ETFs have been able to meet this demand with no distributed capital gains since the first Schwab ETFs launched in 2009,” said Jonathan de St. Paer, Senior Vice President, Product Administration, Charles Schwab Investment Administration. “At CSIM we seek to deliver tax efficiency and assist investors achieve their investment aims with simple, low-cost products that deliver value.”
For over 25 years, CSIM’s mission has been to make investing easier and less expensive for investors by building funds that serve as the foundation of an investor’s portfolio. As the seventh largest ETF provider with more than $39 billion in assets under administration (AUM)1, Schwab continues to serve as an industry leader for ETF investors.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Wave Systems Corp. (NASDAQ:WAVX), inclined 9.84% to $0.210, during its current trading session.
Wave Systems Corp., declares a five-year master licensing agreement (MLA) with a leading global corporation (as determined by the 2015 Fortune Global 500 List) for its Virtual Smart Card 2.0 solution. This MLA sets the terms and pricing for licenses and maintenance across the customer’s global organization and establishes it as their preferred two-factor authentication solution. Instead of one large license purchase for the entire organization, each of the customer’s subordinate divisions will make separate orders in accordance with the terms of this MLA.
The first purchase of 2,000 VSC 2.0 licenses under this agreement, when added to a previous purchase, completes the requirement for the customer’s global IT division. That division will now lead the internal effort to standardize the remaining 150,000+ endpoints within their organization with the new Wave VSC 2.0 solution. While there are no minimum order requirements under the agreement, negotiations for additional orders are underway.
“Our five-year agreement with this customer is the first very large scale contract for VSC 2.0 and is an important milestone for Wave,” said Bill Solms, President and CEO of Wave Systems. “This customer is a major global financial services company and their standards for protecting their systems from unauthorized access and the integrity of their data are of the highest order. Wave had to pass a very rigorous technical and business review to win the competition. We believe that this client’s decision to choose Wave Virtual Smart Card 2.0 over their incumbent solution gives us tremendous credibility in the two-factor authentication market. We will remain engaged with this company in order to complete the additional sales and deployments in the months ahead.”
Wave Systems Corp. develops, produces, markets, and sells products for hardware-based digital security in the United States and internationally. The company’s products are based on the Trusted Platform Module (TPM), a hardware chip that enables secure protection of files and other digital secrets, in addition to performs critical security functions.
Finally, American Express Company (NYSE:AXP), lost -2.23%, and is now trading at $67.99.
Going into the final stretch of the holiday season, a majority of Americans are far from finished with their holiday shopping, according to the latest American Express Spending & Saving Tracker. Seventy-three percent (73%) plan to shop last minute (vs. 79% in 2014), as most wait to find the best deals (44% vs. 46% in 2014).
Other reasons consumers are shopping last minute comprise trying to save up until they have enough money (22%, on par with 2014) and difficulty finding the time to shop (20% vs. 16% in 2014).
In terms of where consumers choose to make purchases, on average, 51% of Americans have purchased items online this holiday season vs. 49% in-store.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
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