On Thursday, Chico’s FAS, Inc. (NYSE:CHS)’s shares declined -0.43% to $16.04.
Chico’s FAS, Inc. (CHS) declared that its Board of Directors declared a quarterly cash dividend of $0.0775 per share of its common stock, a 3.3% enhance over the dividend rate from September 2014. The dividend is payable on September 28, 2015 to Chico’s FAS shareholders of record at the close of business on September 14, 2015.
Chico’s FAS, Inc. operates as an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items. The company’s portfolio of brands comprises of Chico’s, White House|Black Market (WH|BM), Soma Intimates (Soma), and Boston Proper.
Gap Inc(NYSE:GPS)’s shares dropped -1.59% to $37.77.
Gap Inc (GPS) declared a series of planned actions to position Gap brand for improved business performance and build for the future. Following a thorough evaluation of its business and operations, Gap plans to right-size its specialty store fleet and streamline its headquarter workforce, primarily in North America, as part of the comprehensive effort to deliver more compriseent and compelling product collections and engage customers across all channels.
In order to drive productivity improvements and showcase the brand in the most successful locations, Gap will close about 175 specialty stores in North America over the next few years, with about 140 closures occurring this fiscal year. These changes will not impact Gap Outlet and Gap Factory Stores. In parallel with these moves, the brand will close a limited number of European stores during this period.
Following the fleet optimization effort, the brand will continue to serve North American customers through about 800 Gap stores – comprised of 500 Gap specialty locations and 300 Gap outlet stores – in addition to its dynamic online channels, better reflecting the way recently customers shop across specialty, outlet and online. The brand will continue to have a robust global presence in more than 50 countries and with about 1,600 company-operated and franchise locations globally.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names. The company provides apparel, handbags, shoes, jewelry, personal care products, and eyewear for men and women; and performance and lifestyle apparel for use in yoga, strength training, and running, as well as seasonal sports, including skiing and tennis. It offers its products through company-operated stores, franchise stores, Websites, e-commerce and social sites, and catalogs.
At the end of Thursday’s trade, Medican Enterprises Inc(OTCMKTS:MDCN)‘s shares dipped -50.00% to $0.00010.
BorgWarner Inc. (BWA)’s regulated two-stage (R2S®) turbocharging technology improves the performance and fuel economy of Ford’s new powerful 2.0-liter diesel engine, the first Ford engine for passenger cars equipped with a two-stage turbocharging system. The high-performance engine achieves an output of 155 kW (210 HP) and a maximum torque of 450 Nm. Engineered to provide outstanding performance and fast engine response while reducing emissions, the fuel-efficient diesel engine will debut in the Ford Mondeo, S-Max and Galaxy in mid-2015 and will replace the 2.2-liter TDCi diesel engine. BorgWarner’s R2S turbocharging system is a cutting-edge technology designed to deliver outstanding performance combined with improved fuel economy for downsized diesel engines, a growing trend among automakers worldwide.
BorgWarner’s R2S turbo charging technology comprises of two turbochargers arranged in series to deliver improved torque and smooth power over the entire engine speed range. One compact KP35 high-pressure turbocharger generates boost pressure at low exhaust gas flow rates for rapid acceleration at low engine speeds without delay or turbo lag. As engine speed enhances, the exhaust gas stream is split, and the larger K04 low-pressure turbocharger works in series with the KP35 high-pressure turbocharger. The larger K04 charger pre-compresses the intake air, and the smaller KP35 turbo compresses it even more. At higher rpm rates, nearly all gases flow directly through a bypass valve to the K04 low-pressure turbocharger, which takes over the workload to maintain fluid power delivery at higher speeds. The R2S turbocharging technology fulfills the requirements of state-of-the-art engine concepts, providing maximum exhaust gas recirculation rates even under full load conditions while significantly reducing emissions.
BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology. This segment also provides electric air pumps; turbo actuators; and exhaust gas recirculation coolers, tubes, and valves for gasoline and diesel applications. Its timing systems products comprise timing chain, variable cam timing, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front wheel drive transmission chain, and four-wheel drive chain for light vehicles. In addition, this segment offers viscous fan drives, polymer fans, and coolant pumps. The Drivetrain segment develops and manufactures friction and mechanical products, counting dual clutch modules, friction clutch modules, friction and steel plates, transmission bands, torque converter clutches, one-way clutches, and torsional vibration dampers.
Janus Capital Group Inc (NYSE:JNS), ended its Thursday’s trading session with -0.31% loss, and closed at $16.34.
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.
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