On Thursday, Autodesk, Inc. (NASDAQ:ADSK)’s shares declined -0.89% to $54.48.
Autodesk, Inc. (ADSK) declared the pricing of two series of its notes in an aggregate principal amount of $750 million in an underwritten, registered public offering. Of these notes, $450 million will mature on June 15, 2020 and will bear interest at an annual rate of 3.125 percent, and $300 million will mature on June 15, 2025 and will bear interest at an annual rate of 4.375 percent. The offering is predictable to close on June 5, 2015, subject to customary closing conditions.
Autodesk intends to use the net proceeds from the sale of the notes for general corporate purposes, counting working capital, capital expenditures, acquisitions and planned transactions and stock repurchases.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
TrueCar Inc (NASDAQ:TRUE)’s shares dropped -2.81% to $12.43.
TrueCar, Inc. (TRUE), the negotiation-free car buying and selling mobile marketplace, declared that it has been granted three new patents by the United States Patent and Trademark Office.
The proprietary data systems patents relate to technology that enables the provision of vehicle pricing information in a manner that supports a transparent consumer experience. That transparency is at the heart of TrueCar’s commitment to connecting TrueCar Certified Dealers to in-market consumers seeking price confidence in the car-buying process.
The USPTO approved TrueCar’s patents Nos. 9,020,844, 9,020,843 and 9,031,967, raising the company’s total to 19. The new patents cover topics counting natural language processing for interpreting text strings – critical in evaluating vehicle listing data – and a method of generating pricing curve distributions based on transactions analysis, which is useful for displaying normalized pricing information to consumers.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, counting financial institutions, membership-based organizations, and employee buying programs for large enterprises.
At the end of Thursday’s trade, Computer Sciences Corporation (NYSE:CSC)‘s shares surged 2.82% to $69.38.
Computer Sciences Corporation (CSC) declared that Sachin Lawande has been elected to the company’s Board of Directors and designated as a member of the Compensation Committee.
Lawande, 48, was named chief executive officer of Visteon Corp., effective June 29. Formerly he was president of the Infotainment Division of Harman International Industries. Prior to that Lawande served as chief innovation officer, chief technology officer, and co-president of Harman’s Automotive Division, responsible for guiding software strategy, development partnerships, and key customer relationships. He was instrumental in launching an offshore development center in India as part of Harman’s strategy for optimizing its global engineering footprint.
Computer Sciences Corporation provides information technology (IT) and professional services and solutions primarily in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments. The Global Business Services segment provides technology solutions, counting consulting, applications services, and software.
FirstEnergy Corp. (NYSE:FE), ended its Thursday’s trading session with -0.06% loss, and closed at $34.52.
Pennsylvania Electric Company, a FirstEnergy Corp. (FE) partner, is installing laptop computers on more than 400 line trucks and support vehicles to enhance service and manage repair work more efficiently. The $3.8 million project is predictable to be accomplished later this year.
Using the new laptops will assist crews save time by viewing work orders electronically rather than writing the information down when radioed or phoned in from the company’s dispatching office. The advanced technology displays detailed maps of Penelec’s distribution and transmission systems and flags where other company crews are working. The laptop computers also use global positioning technology to provide turn-by-turn directions to work locations.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
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