On Friday, Cepheid (NASDAQ:CPHD)’s shares declined -2.89% to $49.05.
Cepheid (CPHD) declared the departure of Ilan Daskal who held the position of Executive Vice President, Chief Financial Officer. Mr. Daskal’s departure is not related to financial disclosure, accounting or legal matters.
The company also declared the appointment of Dan Madden to the position of Executive Vice President, Chief Financial Officer. Building on his previous experience as the company’s Corporate Controller and Acting Chief Financial Officer, Mr. Madden will now assume responsibility for worldwide finance operations, information technology and investor relations.
Cepheid, a molecular diagnostics company, develops, manufactures, and markets integrated systems for testing in the clinical market and non-clinical markets. Its systems enable molecular testing for organisms and genetic-based diseases by automating manual laboratory procedures.
Ventas, Inc. (NYSE:VTR)’s shares gained 0.85% to $68.42.
Ventas, Inc., Equity Group Investments (“EGI”), and Ardent Health Services (“AHS”) recently declared the completion of their formerly stated transactions. Ventas has accomplished its acquisition of AHS, and an EGI associate has accomplished its majority investment in a newly capitalized hospital operating company, which will continue to be branded “Ardent.” The transactions were declared on April 6, 2015 and July 7, 2015, respectively.
At closing, Ventas separated AHS’ owned real estate from its hospital operations, folding the real estate into the Ventas portfolio, and spinning off AHS’ hospital operations into a separate entity, Ardent. Co presently, an EGI-controlled entity attained a majority stake in the operations company, while Ventas retained a 9.9 percent interest and AHS administration retained a noteworthy ownership stake.
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities counting hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities..
At the end of Friday’s trade, Ambarella Inc (NASDAQ:AMBA)‘s shares dipped -0.49% to $108.62.
Ambarella, Inc. (AMBA), a leading developer of video compression and image processing semiconductors, recently declared the acquisition of VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30 million in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception systems and autonomous vehicle research and was founded by Professor Alberto Broggi. The company has developed computer vision and intelligent control systems for automotive and other commercial applications, counting Advanced Driver Assistance Systems and several generations of autonomous vehicle driving systems. These comprise “Porter,” an autonomous vehicle that made a 13,000 km autonomous trip from Italy to China in 2010.
As part of the acquisition, VisLab’s 27 researchers will join Ambarella’s advanced computer vision development team. This will enable extensive and robust computer vision support in future Ambarella solutions targeting Ambarella’s core markets counting automotive, IP security, wearable, and flying cameras.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP) security cameras, telepresence cameras, and unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.
Nordic American Tanker Ltd (NYSE:NAT), ended its Friday’s trading session with -0.73% loss, and closed at $14.98.
Nordic American Tankers’ 2Q2015 Report (NYSE:NAT) — Cash dividend declared for the 72nd successive quarter. Fleet raised by two vessels, to a total of 26 vessels.
The second quarter 2015 produced better results than the first quarter 2015. So far in the third quarter, we have secured higher average rates than in the two preceding quarters of the year. In 2Q2015, NAT continued to benefit from both a solid Suezmax tanker market and a top quality fleet (22 vessels in operation in 2Q2015 and 4 vessels predictable to be comprised of later in 2015 and thereafter). Cashflow from operations1 was $54.5m, contrast with $51.0m in 1Q2015. For all of 2014, cashflow from operations was $77.7m contrast with -$11.1m in 2013.
For NAT shareholders, the noteworthyliquidity in the stock continues to be an attractive factor for those investors looking to be able to buy and sell shares related to the crude tanker market. During 2Q2015 more than 1.6 million shares were on average traded daily, equating to more than $20m worth of shares changing hands every day.
Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, counting two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
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