On Tuesday, Forest City Enterprises, Inc. (NYSE:FCE.A)’s shares inclined 0.77% to $20.88.
Forest City Enterprises, Inc. (NYSE:FCEA ) declared that its Board of Directors has set the date of a special meeting of shareholders in connection with the company’s formerly declared plan to convert to a real estate investment trust (“REIT”). The meeting will be held on October 15, 2015, at 2:00 p.m., Eastern Time. Shareholders of record as of the close of business on August 31, 2015, will be entitled to receive notice of and to vote at the meeting.
Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, in addition to operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York. Its Residential group acquires, owns, develops, and operates residential rental properties, counting upscale and middle-market apartments and adaptive re-use developments, in addition to develops and manages military family housing.
Ambarella Inc (NASDAQ:AMBA)’s shares dropped -0.51% to $72.87.
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.
At the end of Tuesday’s trade, Prudential Financial Inc (NYSE:PRU)‘s shares surged 3.62% to $79.89.
Prudential Global Short Duration High Yield Fund, Inc. (GHY) (the “Fund”), a diversified, closed-end administration investment company, declared recently its unaudited investment results for the quarter ended July 31, 2015.
The Fund files its annual and semi-annual stockholder reports on Form N-CSR, in addition to a complete plan of investments with the Securities and Exchange Commission (the “Commission”) for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are accessible on the Commission’s website at http://www.sec.gov. The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation and location of the Public Reference Room may be obtained by calling (202) 551-8090. To obtain information on Form N-Q or annual and semi-annual stockholder reports, shareholders can call (800) 451-6788 (toll-free). You may also call this number to request additional information or to make other inquiries pertaining to the Fund.
Data and commentary offered in this press release are for informational purposes only. Prudential Investments LLC, the Investment Manager of the Fund, and its associates do not engage in selling shares of the Fund. The Fund is sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Administration, Inc. and an associate of the investment manager.
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.
Eldorado Gold Corp (USA)(NYSE:EGO), ended its Tuesday’s trading session with 0.73% gain, and closed at $2.77.
Integra Gold Corp. ( ICG) declare that it has closed its formerly declared private placement with Eldorado Gold Corporation (EGO) (ELD.TO) (“Eldorado”) whereby Eldorado has invested $14.6 million in Integra by way of a non-brokered private placement of common shares of Integra (the “Private Placement”). As a result of the Private Placement, Eldorado now holds 14.96% of Integra’s issued and outstanding common shares, on an undiluted basis.
Under the terms of the agreement, Eldorado purchased 52,058,200 common shares of Integra (the “Common Shares”) at a price of $0.28 per share (the “Subscription Price”) for gross proceeds of $14,576,296. The Common Shares issuable following the Private Placement are subject to a statutory four-month hold period expiring January 1, 2016.
“This investment by Eldorado Gold provides Integra with the balance sheet strength to fully test the exploration potential at the Triangle Zone and other targets,” commented Company President and CEO, Stephen de Jong. “We are ramping up the number of diamond drills on site now as we prepare for active fall and winter programs. Over the next few months investors can expect to see a steady flow of drill results in addition to an updated resource estimate for the Triangle Zone.”
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada .
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