On Wednesday, United Microelectronics Corp (ADR) (NYSE:UMC)’s shares declined -0.58% to $1.71.
United Microelectronics Corporation (“UMC”), a leading global semiconductor foundry, issued an update on its guidance for the third quarter of 2015.
Based on its 3Q 2015 outlook, UMC anticipates foundry segment gross profit margin to be in the high-teens percentage range, contrast to its formerly stated guidance of mid-teens percentage range in the company’s earlier 2Q 2015 earnings declarement.
United Microelectronics Corporation provides semiconductor wafer foundry solutions. Its foundry solutions comprise silicon verification, libraries and IP, design verification, design for manufacturing, MM/RF foundry design kit and design support manual, and design flow reference, in addition to mask services, such as mask inspection, IP protection and data preparation, and tape-out status tracking.
Ares Capital Corporation (NASDAQ:ARCC)’s shares dropped -0.22% to $15.97.
Ares Capital Corporation (ARCC) is providing additional details on its financing commitments closed during the second quarter of 2015. Financing commitments made by Ares Capital in the second quarter totaled over $820 million.
Ares Capital served as administrative agent, lead arranger and bookrunner for a $394.0 million senior secured credit facility to support the acquisition of Implus Footcare, LLC by Berkshire Partners. Headquartered in North Carolina, Implus has evolved to become an innovative provider of footwear, outdoor and fitness accessories to its retail partners. Implus’ family of brands comprises Sof Sole, Yaktrax, apara, Airplus, Sneaker Balls, Sof Comfort, Balega, Little Hotties, Perfect, TriggerPoint and ICETrekkers. From insoles, socks and shoe care to seasonal accessories and fitness solutions, Implus proudly distributes its brands to thousands of retail locations across the United States and worldwide.
At the end of Wednesday’s trade, Northern Trust Corporation (NASDAQ:NTRS)‘s shares dipped -0.34% to $77.34.
The City of Tallahassee has selected Northern Trust to serve as global custodian for its $2.1 billion in assets. Northern Trust will also provide securities lending and performance reporting. Northern Trust will oversee assets for the city’s pension, other post-employment benefits and treasury portfolios.
“The City of Tallahassee is excited with the appointment of Northern Trust as our master custodian,” said Kent Olson, Deputy Treasurer-Clerk for the City of Tallahassee. “The Selection Committee was impressed with the depth and knowledge of Northern Trust’s staff and the technological capabilities of its financial products.”
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset administration, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Administration. The C&IS segment offers asset servicing and related services, counting trust and custody, employee benefit services, fund administration, investment operations outsourcing, investment risk and analytical services, securities lending, foreign exchange, banking, cash administration, treasury administration, brokerage services, and transition administration services.
Seabridge Gold, Inc. (USA) (NYSE:SA), ended its Wednesday’s trading session with 8.92% gain, and closed at $6.23.
Seabridge Gold stated that it has filed its Report to Shareholders, Financial Statements and Administration’s Talk about and Analysis for the three and six month periods ended June 30, 2015 on SEDAR (www.sedar.com).
Quarterly and Recent Highlights
- $16.4 million flow-through financing accomplished at 27% premium to market
- 2015 drill program underway at KSM
- Depth extension confirmed at Mitchell deposit
- Pilot plant successfully treats selenium in KSM water
During the three month period ended June 30, 2015 Seabridge posted a net loss of $1.6 million ($0.03 per share) contrast to a loss of $3.8 million ($0.08 per share) for the same period last year. During the 2nd quarter, Seabridge invested $5.2 million in mineral interests, primarily at KSM, contrast to $6.3 million during the same period last year. At June 30, 2015, net working capital was $17.1 million contrast to $12.5 million at December 31, 2014.
Seabridge Gold Inc., a development stage company, together with its auxiliaries, engages in the acquisition and exploration of gold properties located in North America. It also explores for copper, silver, and molybdenum ores. Its principal projects comprise the Kerr-Sulphurets-Mitchell property located in the Iskut-Stikine region of British Columbia; and the Courageous Lake gold project that comprises of 61 federal mining leases, 26 federal mining claims, and 1 optioned federal mining lease having a combined area of 124,189.9 acres located in Northwest Territories, Canada.
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