On Monday, Denbury Resources Inc. (NYSE:DNR)’s shares inclined 1.21% to $2.93.
Denbury Resources Inc. (DNR) declared that its Board of Directors has decided to suspend the Company’s current $0.0625 per share quarterly cash dividend, starting with the fourth quarter of 2015. The Company will pay its formerly declared third quarter cash dividend on September 29, 2015.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2014, it had 437.7 million barrels of oil equivalent of estimated proved oil and natural gas reserves.
Hilton Worldwide Holdings Inc (NYSE:HLT)’s shares gained 0.29% to $24.03.
Hilton Worldwide (HLT) declared that The Asheville Foundry Inn in North Carolina will join Curio – A Collection by Hilton™, a global set of remarkable upscale and luxury hotels hand-picked for their distinctive character and personality, appealing to passionate travelers seeking local discovery.
Construction of the new-build 92-room hotel at Eagle and South Market streets will preserve existing buildings in the exciting downtown area to maintain the character and spirit of the local community. The Asheville Foundry Inn, Curio Collection by Hilton, is predictable to open by December of 2016.
Historically known as the Foundry Buildings, the three original, contiguous buildings to remain as part of the development are recognized as some of the most noteworthy structures in Asheville. Much of the steel used in the construction of buildings in the Asheville area was formed and created at this site. Together with two newer buildings on the site, The Foundry Inn will be comprised of these five connected buildings counting a 100-seat restaurant, 3,500 square foot lounge with a library and fireplaces, 3,600 square foot luxury spa and fitness center, and about 3,000 square feet of functional meeting and event space.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio-A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
At the end of Monday’s trade, Ambarella Inc (NASDAQ:AMBA)‘s shares dipped -6.33% to $66.94.
Ambarella, Inc. ( AMBA) has raised a little over 30 percent, year to date.
Stifel’s Kevin Cassidy has maintained a Buy rating and price target of $115 on Ambarella.
Cassidy believes that the company’s market strategy and core video processing technology would continue to drive revenue growth significantly above the industry average.
“We believe the company has at least a one year lead over its competitors and we expect this lead to expand with the addition of computer vision to its processors,” Cassidy elaborated, while mentioning that the recent pullback in the stock offers an attractive entry point.
According to the Stifel report, “Ambarella’s engineering team is converting newly attained VisLab’s computer vision algorithms to a new silicon architecture, which is likely to be a crucial step towards the company adding intelligence to the video” that its processors capture, thereby expanding its edge over the competition.
The administration has also highlighted that sports camera revenue is predictable to decline sequentially and year on year, due to the launch of new models, although there is no change predictable in the overall growth.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Blackstone Group LP (NYSE:BX), ended its Monday’s trading session with 0.26% gain, and closed at $34.27.
Private equity funds managed by Blackstone announce the acquisition of Ideal Shopping Direct, a leading independent multi-channel retailer, from Inflexion.
ISD operates live and pre-recorded channels across all the major UK TV platforms; Sky, Freeview, Virgin Media and Freesat as well as multiple internet sites. Its two principal divisions are Create & Craft and Ideal World. ISD delivers a dynamic shopping experience selling specialty craft products to dedicated crafting hobbyists as well as home, leisure, health, beauty and fashion products. Create & Craft is the only dedicated channel to sell specialist craft products and operates 15 hours a day.
Headquartered in Peterborough in the UK and with a growing operation in the US, the company has over 800 employees and, through its TV networks, reaches over 26 million homes. The experienced management team will continue to be led by Mike Hancox, Chief Executive since 2008. Gerry Murphy, a Senior Managing Director at Blackstone and former CEO of both Kingfisher and Carlton Communications (ITV), will become Chairman.
The transaction is expected to close later this year and is subject to usual closing conditions and regulatory approvals.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.
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