On Friday, Lennar Corporation (NYSE:LEN)’s shares declined -3.60% to $50.57.
Lennar Corporation (LEN), one of the nation’s largest homebuilders, declared the formation of Lennar Multifamily Venture (“LMV” or the “Venture”), an equity fund between Lennar Multifamily Communities (“LMC”) and global sovereign and institutional investors targeting investments in class-A multifamily development assets in 25 top metropolitan markets in the United States.
The new Venture will aim to provide superior risk-adjusted returns through a “develop-to-core” strategy - developing multifamily communities and then holding those communities in a portfolio long term for cash flow. LMV will focus on the top growth and gateway markets in the United States, which are characterized by strong long-term demand fundamentals and constrained supply, and will capitalize on Lennar’s deep construction expertise to build multifamily communities at an attractive cost basis. The Venture is predictable to build a combination of garden, mid-rise and high-rise properties. The Venture will benefit from LMC’s fully integrated development administration, construction administration, property administration, and asset administration platforms.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.
Hess Corp. (NYSE:HES)’s shares dropped -1.35% to $58.48.
Hess Corporation (HES) released its 2014 Corporate Sustainability Report, providing a comprehensive look at the company’s strategy and performance on noteworthy environmental, social and governance programs and initiatives. An electronic version is published on the company’s website at http://www.hess.com/sustainability/sustainability-reports.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway. As of December 31, 2014, it had total proved reserves of 1,431 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.
At the end of Friday’s trade, Janus Capital Group Inc (NYSE:JNS)‘s shares dipped -1.20% to $16.47.
Janus Capital Group Inc. (JNS) declared the launch of the Janus Adaptive Global Allocation Fund that aims to provide investors total returns by dynamically allocating assets across a portfolio of global equity and fixed-income investments.
Ashwin Alankar, Global Head of Asset Allocation and Risk Administration, and Enrique Chang, Chief Investment Officer, Equities and Asset Allocation, are the fund’s portfolio managers. Chief Investment Strategist Myron Scholes, Ph.D., co-led the research and development of the fund with Alankar and will contribute to the overall investment strategy.
Janus Capital Group, Inc. is a publicly owned asset administration holding company with about $167.7 billion in assets under administration. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients. The firm primarily provides its services to investment companies, retail investors, institutions, and individuals.
Microchip Technology Inc. (NASDAQ:MCHP), ended its Friday’s trading session with -1.87% loss, and closed at $41.87.
Microchip Technology Inc. (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, declared that designers using the Automotive Open System Architecture (AUTOSAR) to develop and reuse their in-vehicle software can now connect their systems to not only networking technologies such as CAN and LIN, but also to the MOST® Cooperation’s automotive-proven MOST networking technology. This means that Microchip’s MOST Intelligent Network Interface Controllers (INICs) can be used for cross-domain communication in an AUTOSAR system, such as Advanced Driver Assistance Systems (ADAS), which simplifies automotive networking and diagnostics.
AUTOSAR has developed standardized, open software architecture for automotive electronic control units, which is increasingly being applied in traditional vehicle electronic domains. For example, after the major German vehicle OEMs successfully utilized AUTOSAR in the central areas of their electrical/electronics architectures, they are now extending its use into additional domains. With the introduction of the AUTOSAR 4.x standard, most other OEMs are now also investigating or actively migrating to AUTOSAR. Therefore, it is increasingly important that the infotainment domain of a vehicle is able to support AUTOSAR, at least where an interaction with other domains is necessary.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
