On Tuesday, ARRIS Group, Inc. (NASDAQ:ARRS)’s shares declined -0.56% to $30.15.
Windstream (WIN), a leading provider of advanced network communications and technology solutions, is deploying NVG343 residential gateways and VIP Series IP set-tops from ARRIS Group, Inc. (ARRS) to power its next-generation Kinetic television service.
Kinetic, which launched April 15, is accessible to more than 50,000 homes in Lincoln, Nebraska, and offers a new way of watching television that leverages the company’s 100% fiber-backed network. The ARRIS NVG343 gateway and set-tops deliver ultra-fast wireless connections that support HD video streaming and whole-home DVR — for high-quality digital TV anywhere in the house.
ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, counting set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.
Home Properties, Inc. (NYSE:HME)’s shares gained 0.30% to $74.28.
Home Properties, Inc. (HME) declared that, at a special meeting of unitholders of its operating partnership, Home Properties, L.P., held earlier recently, the unitholders voted to approve the merger (the “Partnership Merger”) of Home Properties, L.P. with LSREF4 Lighthouse Operating Acquisitions, LLC, an associate of Lone Star Funds (“Lone Star”), and the formerly declared merger agreement reached on June 22, 2015 by and among Home Properties, Home Properties, L.P., associates of Lone Star and UDR, Inc.
The acquisition of Home Properties by Lone Star is subject to the condition that the Partnership Merger be approved by holders of at least a majority of units held by outside limited partners (i.e., limited partners other than Home Properties). Based on the voting results, this condition has now been satisfied. The acquisition remains subject to separate approval by the Home Properties stockholders.
Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, administration, acquisition, rehabilitation and development of residential apartment communities. The firm also invests in townhomes and offices. Home Properties, Inc. was founded in November 1993 and is based in Rochester, New York.
At the end of Tuesday’s trade, Edwards Lifesciences Corp (NYSE:EW)‘s shares dipped -1.09% to $149.44.
Edwards Lifesciences Corporation (EW), the global leader in the science of heart valves and hemodynamic monitoring, is planned to present at the Canaccord Genuity 35th Annual Growth Conference at the InterContinental Boston on Wednesday, August 12, 2015.
Donald E. Bobo, Jr., CVP, Heart Valve Therapy, Strategy and Corporate Development, is planned to speak to conference attendees at 10:00 a.m. EDT. A live webcast of the presentation will be accessible to all interested parties on the Edwards Lifesciences investor relations website at http://ir.edwards.com/events.cfm. Following the presentation, an archived version of the webcast will be accessible on the Edwards investor relations website in the News and Events section, and via the Edwards Lifesciences Investor Relations App for mobile devices.
Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. The company offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves. The company also provides surgical heart valve therapy products, such as pericardial valves for aortic and mitral replacement, and minimally invasive aortic heart valve system; and tissue heart valves and repair products, which are used to replace or repair a patients diseased or defective heart valve.
Tronox Ltd (NYSE:TROX), ended its Tuesday’s trading session with 0.56% gain, and closed at $10.82.
Tronox Limited (TROX) stated second quarter 2015 revenue of $617 million contrast to $490 million in the second quarter 2014 and $385 million in the first quarter 2015. Adjusted EBITDA was $116 million, not taking into account $49 million of net lower of cost or market (LCM) charges, contrast to $103 million, not taking into account net non-cash LCM credits of $5 million, in the year-ago quarter and $73 million, not taking into account net non-cash LCM charges of $9 million, in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the second quarter was $81 million, or $0.70 per diluted share, as compared to breakeven net income, or $0.00 per diluted share, in the year-ago quarter and a loss of $51 million, or $0.44 per diluted share, in the first quarter 2015.
Titanium Dioxide (TiO2)
TiO2 segment revenue of $409 million was 17 percent lower than $490 million in the preceding-year quarter, primarily the result of lower pigment products sales. Sales of pigment products declined 19 percent, as sales volumes declined 4 percent and average selling prices declined 16 percent (11 percent on a local currency basis). Sales volumes for pigment products rebounded in EMEA, declined in Asia-Pacific and softened modestly in North America as compared to the year-ago quarter. Sales of titanium feedstocks and co-products, counting zircon and rutile, declined 15 percent as compared to the year-ago quarter. Selling prices raised in the 4-6 percent range for titanium feedstocks. Sales volumes raised for CP titanium slag and rutile products declined. Zircon sales volumes remained at normal levels but were lower contrast to very strong sales volumes in the year-ago quarter and selling prices declined modestly.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
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