On Thursday, STMicroelectronics NV (ADR) (NYSE:STM)’s shares declined -3.52% to $6.99.
STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, declared the STiD325 (codenamed Barcelona), its DOCSIS[1] 3.1 chipset for Broadband CPE[2] Cable Modems, embedded Media Terminal Adapters (eMTAs), and Gateways, in addition to for Video Gateways when associated to set-top-box chipsets. It is being demonstrated at CableLabs Summer Conference, August 2-5, 2015 in Keystone, Colorado, USA.
DOCSIS 3.1 has been engineered by CableLabs(R) to unleash the multi-gigabit data era on existing Hybrid Fiber-Coax (HFC) netoperates through improved spectral efficiency using OFDM[3] multi-carrier modulation combined with low-density parity-check-based Forward Error Correction.
Designed for economy and performance, Barcelona features solid technical capabilities:
- Very high performance using multiple 64-bit ARM(R)CPUs to deliver >10K DMIPS, line-rate networking support on every port, and hardware acceleration for routing and switching, allowing Multiple System Operators (MSOs) to build future-proof CPE platforms with plenty of headroom to support the field introduction of new services;
- Backward compatibility with DOCSIS 3.0 32×8 to allow a smooth, cost-effective transition to DOCSIS 3.1;
- Flexible architecture facilitating independent software development and software upgrades with minimal coupling between stacks, in addition to the introduction of new features like home surveillance and home automation; support of various Wi-Fi configurations;
- 28nm FD-SOI silicon technology, providing outstanding power efficiency at all operating levels, counting fan-less designs, together with highly-efficient RF and analog integration.
Presently sampling to lead customers, Barcelona comes with pre-integrated RDK-B software, counting DOCSIS and Packet-Cable stacks.
STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. The company offers a range of semiconductor products, counting discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, micro-electro-mechanical systems, microcontrollers, sensors, digital consumer products, imaging products, memory products, media application processors, and application-specific standard products for analog, digital, and mixed-signal applications, in addition to silicon chips and smartcards.
Simon Property Group Inc (NYSE:SPG)’s shares dropped -0.51% to $192.21.
Simon, a leading global retail real estate company, declared recently that its majority-owned operating partnership partner, Simon Property Group, L.P. (the “Operating Partnership”), has agreed to sell $500 million principal amount of its 2.50% senior notes due September 1, 2020, and $600 million principal amount of its 3.50% senior notes due September 1, 2025. Combined, the new issues of senior notes have a weighted average term of 7.8 years and a weighted average coupon rate of 3.05%. This offering is predictable to close on August 17, 2015, subject to customary closing conditions.
The Operating Partnership intends to use the net proceeds of this offering to fund the redemption of all $366.6 million outstanding principal amount of its 5.75% notes due 2015, and for general corporate purposes.
Citigroup Global Markets Inc., RBC Capital Markets, LLC and UBS Securities LLC are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership’s shelf registration statement filed with the Securities and Exchange Commission. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.
At the end of Thursday’s trade, Prudential Financial Inc (NYSE:PRU)‘s shares dipped -3.16% to $84.93.
Prudential Investment Administration (PIM), the global investment administration businesses of Prudential Financial, Inc. (PRU), has reached a definitive agreement to acquire Deutsche Bank’s India asset administration business through its Mumbai-based associate, subject to customary closing conditions and regulatory approval. With $948 billion in assets under administration, PIM ranks among the world’s largest investment administration companies.
Deutsche Asset Administration (India) Pvt. Ltd., established in 2003, recently is the second largest foreign-owned asset manager in the country. During the period April 1 to June 30, 2015, the business had about US$3.2 billion average assets under administration. Upon closing, the combined business will significantly expand PIM’s investment administration expertise, distribution platform and product portfolio in India.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products. Its U.S. Retirement Solutions and Investment Administration division offers individual variable and fixed annuity products; recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investments services; and guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities, and other group annuities.
Prologis Inc (NYSE:PLD), ended its Thursday’s trading session with -1.19% loss, and closed at $41.61.
Prologis, Inc. (PLD), the global leader in industrial real estate, stated results for the second quarter of 2015 and declared that its Board of Directors has approved a quarterly dividend enhance, raising the company’s annualized dividend level by 11 percent to $1.60 per share of common stock.
Core funds from operations (Core FFO) per diluted share was $0.52 for the second quarter contrast with $0.48 for the same period in 2014, an enhance of 8 percent.
OPERATING FUNDAMENTALS GAIN MOMENTUM
Prologis ended the quarter with 95.4 percent occupancy in its operating portfolio, an enhance of 80 basis points over the same period in 2014. Not taking into account the KTR assets, the company ended the quarter with 95.6 percent occupancy in its operating portfolio. Prologis leased a record 44.6 million square feet (4.1 million square meters) in its combined operating and development portfolios. Tenant retention was 79.0 percent.
GAAP rental rates on signed leases during the quarter raised a record 14.4 percent from preceding rents. The Americas region led the quarterly enhance at 20.6 percent (U.S. at 21.9 percent), followed by Europe at 4.4 percent and Asia at 2.0 percent. Prologis’ share of same store NOI raised 5.9 percent on a GAAP basis and 5.2 percent on an adjusted cash basis.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
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