On Monday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), lost -9.45% to $1.82, after analysts at Citi said a buyout from Microsoft (MSFT) was unlikely.
A Friday report by Fudzilla citing unnamed sources, which said that Microsoft was considering Advanced Micro Devices for a buyout, caused the stock to spike over 10% during the session.
KitGuru also stated earlier this year that Microsoft was interested in acquiring Advanced Micro Devices, saying the software company approached the chipmaker “several months” ago.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
Shares of The Charles Schwab Corporation (NYSE:SCHW), declined -0.85% to $30.23, during its last trading session.
At a time when independent registered investment advisor (RIA) firms’ revenue and profitability are reaching new highs, the industry is seeing an uptick in merger and acquisition (M&A) activity, based on the number of deals in addition to the average deal size. According to the latest data compiled by Schwab Advisor Services, total and average deal size rose during the first six months of 2015 indicating that the industry has both the financial means and the appetite to make planned moves in order to achieve scale and gain competitive strength.
The first half of 2015 closed with 37 accomplished transactions, up from 29 over the same period in 2014, according to the data. Total transaction value raised 53 percent to $49.8 billion in assets under administration (AUM), a jump from $32.6 billion in the first half of 2014. Meanwhile, average deal size reached $1.3 billion in AUM, marking the highest average deal value since 2009, when the average transaction size for the entire year was $1.7 billion in AUM.
“The success of the RIA industry, buoyed by the impact of a six-year bull market, has assisted improvement valuations and put RIA firms in a place of competitive strength where they are well-positioned to invest in growth,” said Jonathan Beatty, senior vice president, sales and relationship administration, Schwab Advisor Services. “As the investor landscape evolves, firm leaders are making planned decisions about how to keep pace with the needs of their clients and thrive over the long term. Many firms report that they have doubled their valuations over the past five years, according to our 2015 Benchmarking Study. Some firms are leveraging that strength by choosing growth via merger or acquisition to achieve scale, enhance or fill gaps in capabilities, grow their client base, or to add talent and technology proficiencies.”
The types of buyers involved in deals during the first half of 2015 remained compriseent with previous periods, with planned acquiring firms (SAF) and RIAs accounting for the buyer in 79 percent of all deals. Forty-three percent of transactions were led by SAFs and 38 percent were closed by RIAs.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Infosys Limited (NYSE:INFY), declined -0.06% to $17.68, during its last trading session.
Infosys Limited and ATP, the governing body of men’s professional tennis, declared a planned partnership to leverage the latest technological advances in mobility, cloud and analytics to transform the experience of tennis fans and players the world over.
As part of this partnership, Infosys will become the Global Technology Services Partner and Platinum Sponsor of the ATP World Tour, in addition to the season-ending Barclays ATP World Tour Finals, for the next three years.
Like most popular sports, tennis fans are increasingly consuming more content about the sport across multiple channels. Active fan engagement recently demands contextual, real-time information and insights about the game across a variety of channels. Infosys, as the exclusive Global Technology Services Partner of the ATP World Tour, will leverage its expertise in cloud, mobility and analytics to manage, analyze and interpret large volumes of tennis data (both historical and current) and present insights and predictions through interactive platforms for ATP fans, players, partners and the media.
Under this partnership, Infosys will work on several key initiatives for the ATP World Tour. These will comprise:
- Creation of an exclusive Infosys ATP Scores & Stats Center to revolutionize engagement with tennis fans by providing unprecedented insights and predictions about every tournament, every match and every point. The Scores & Stats Center will be powered by the Infosys Information Platform (IIP), an open-source data analytics platform for data visualization and data analysis
- Reimagine the ATP Player Zone, a next-generation player engagement platform and mobile app, to elevate the experience for players and enable them to register for tournaments, review travel information, connect with other players, and stay up-to-date on all ATP World Tour news
- Manage the infrastructure, applications and data of ATP World Tour by leveraging the elasticity and computational power of the cloud-based model
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Its solutions comprise business information technology (IT) services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
Finally, Dollar General Corporation (NYSE:DG), ended its last trade with -1.48% loss, and closed at $69.10.
Dollar General Corporation declared that administration presented at the Goldman Sachs 22nd Annual Global Retailing Conference on Wednesday, September 9, 2015 at 8:50 a.m. Eastern Time at The Plaza Hotel in New York.
The presentation as an archived replay through Wednesday, September 23, 2015 from the link on the Dollar General Investor Relations website under “Conference Calls and Investor Events.”
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.
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