On Tuesday, Unilever plc (ADR) (NYSE:UL)’s shares inclined 1.30% to $45.18.
Unilever Canada is recalling four (4) SKUs of Clear for Men Shampoo/Conditioner. These products do not meet the specification required for preservatives. The products were distributed nationwide starting in 2013 to the present through retail stores.
Consumers who have purchased any of the above products with the affected consumer unit UPC numbers and expiry dates are asked to right away discontinue use of the product, retain the bottle and call 1-877-270-7393, which is operational 24 hours a day seven days a week, to request a replacement coupon.
Unilever PLC operates in the fast-moving consumer goods market in the Americas, Europe, Asia, Australasia, Africa, the Middle East, Turkey, the Russian Federation, Ukraine, and Belarus. The company operates through Personal Care, Foods, Refreshment, and Home Care segments.
Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)’s shares gained 0.83% to $30.36.
Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, declares that based upon its preliminary second quarter financial results, revenue is predictable to enhance 7% to 9% sequentially, at the upper half of its original guidance range of a sequential enhance of 5% to 10% that the company issued on April 28, 2015. Gross margin (non-GAAP) is predictable to be near the mid-point of the company’s original guidance range of 50 to 52%.
Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and markets semiconductor solutions worldwide. It offers mobile storage products, such as microcontrollers used in solid state storage devices comprising solid state drives, eMMCs, and other embedded flash applications, in addition to removable storage products, counting flash memory card controllers and USB flash drive controllers; and mobile communications products, such as mobile TV SoCs and handset transceivers. The companys products are used in smartphones, tablets, digital cameras, notebooks, desktop PCs, and industrial and commercial applications.
At the end of Tuesday’s trade, CONN’S, Inc. (NASDAQ:CONN)‘s shares surged 0.15% to $39.47.
Conn’s, Inc. (CONN), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, recently stated $102.6 million in total retail net sales for the month ended June 30, 2015, an 11.9% enhance contrast to the same preceding year period. The Company also declared it has hired Thomas R. Moran as its new Chief Financial Officer.
Theodore M. Wright, Conn’s Chairman and Chief Executive Officer, commented, “Greater than 60-day delinquency was 8.9% as of June 30, 2015 contrast to 8.2% as of June 30, 2014, with a seasonal enhance of 40 basis points from May 31, 2015.
Conn’s, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through Retail and Credit segments. The company’s stores provide home appliance comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; home furniture and mattress, counting furniture and related accessories for the living room, dining room, and bedroom, in addition to traditional and specialty mattresses; and home office products comprising of computers, tablets, printers, and accessories. Its stores also offer consumer electronics, such as LCD, LED, 3-D, ultra HD, and plasma televisions; and Blu-ray players, home theater and video game products, digital cameras, and portable audio equipment. Conn’s, Inc. also provides repair service agreements, installment credit plans, and various credit insurance products.
ITC Holdings Corp. (NYSE:ITC), ended its Tuesday’s trading session with 0.54% gain, and closed at $33.38.
ITC Lake Erie Connector LLC, a wholly-owned partner of ITC Holdings Corp., (ITC) the largest independent electricity transmission company in the United States, recently commenced an open solicitation for interest in transmission capacity on the ITC Lake Erie Connector line. Startning recently and through August 21, ITC intends to solicit expressions of interest from qualified parties for firm transmission rights at negotiated rates.
The ITC Lake Erie Connector is a projected 1000 MW, bi-directional, High-Voltage Direct Current (HVDC) merchant transmission line that will provide the first direct link between the markets of the Ontario Independent Electricity System Operator (IESO) and PJM Interconnection, LLC (PJM). The ITC Lake Erie Connector will enable transmission customers to more efficiently access energy, capacity and renewable energy credit opportunities in both markets.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage transmission facilities in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma. The company serves investor-owned utilities, municipalities, cooperatives, power marketers, and alternative energy suppliers.
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