On Thursday, PMC-Sierra Inc (NASDAQ:PMCS)’s shares declined -2.00% to $7.86.
PMC-Sierra Inc (PMCS) declared the appointment of Edward Sharp as chief strategy and technology officer. He reports to Greg Lang, PMC president and chief executive officer.
In this role, Sharp is responsible for leading PMC’s worldwide strategy and technology efforts, mapping emerging technologies into solutions that shape how the world consumes data. The exploding growth of big data puts PMC in a strong position to capitalize on the convergence of storage and networking, and to guide future industry-wide developments by participating in standards organizations.
Prior to joining PMC, Mr. Sharp was vice president of NetApp’s Emerging Products Group. He served in a number of roles of increasing scope in NetApp’s marketing, sales and product organizations from 1998 to 2014. Before joining NetApp, Mr. Sharp held positions at McKinsey & Company in the United States and the United Kingdom. He holds a Master of Science in Electrical Engineering from Stanford University and a Bachelor of Arts in Engineering, Economics and Administration from Oxford University.
PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor solutions for communications network infrastructure equipment worldwide. Its semiconductor devices enable networking equipment primarily in three markets, counting storage, optical, and mobile networks.
Columbia Pipeline Group Inc (NYSE:CPGX)’s shares gained dropped -2.88% to $29.37.
The Board of Directors of Columbia Pipeline Group, Inc. (CPGX) approved a quarterly dividend payment of 12.5 cents per share, payable August 20, 2015, to common stockholders of record at the close of business July 31, 2015.
Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. It owns about 15,000 miles of interstate gas pipelines from New York to the Gulf of Mexico; and natural gas storage systems with about 300 million dekatherms (MMDth) of working gas capacity, in addition to related gathering and processing assets.
At the end of Thursday’s trade, Grupo Televisa SAB (ADR)(NYSE:TV)‘s shares dipped -0.84% to $35.36.
Foxa and Grupo Televisa SAB (ADR) (TV) two companies with ties to sports marketing companies at the heart of the controversy regarding sponsorship rights to the world soccer games, are staying mum on the connections.
Fox reportedly holds a more than 50% stake in T&T Sports Marketing LLC, a joint venture between Traffic Group and Torneos y Competencies, The Wall Street Journal reports. The two firms were at the center of a scandal that resulted in a 47-count indictment for charges of racketeering, wire fraud and money laundering conspiracies that comprised of nine FIFA (Federation International de Football Association) officials.
Both Fox and DirecTV, which is pending a $48.5 billion acquisition by AT&T (T), have attained rights to noteworthy soccer events through Traffic Group, a Brazilian company that bought and resold soccer rights, and Torneos, an Argentine sports marketing firm, the report said, citing “people familiar with the businesses.”
In fact, broadcast satellite service provider DirecTV holds a 40% stake in Torneos, with four seats on Torneos’ nine-seat board. Torneos, in turn, own a stake of Datisa, which allegedly attained rights to Copa America tournament, this year hosted in Chile June 11 to July 4, with in part more than $1 million in bribes to soccer officials. DirecTV did not return calls for comment.
Meanwhile, Fox’s connections with Torneos and Traffic Group comprise a more than 50% stake in a joint venture between the two called T&T Sports Marketing LLC, although with reportedly no operational interest. FOX spokesman Nathaniel Brown declined to comment on the ties, saying the company was not issuing a statement on the matter.
Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses. The Content segment is involved in the production of television programming and nationwide broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States.
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