On Thursday, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), gained 1.17% to $70.09.
QUALCOMM Incorporated, declared that it has reached accelerated share repurchase agreements (ASR Agreements) with two financial institutions to repurchase an aggregate of $5.0 billion of Qualcomm’s common stock, with an initial delivery of about 57.7 million shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm’s common stock during the term of the transaction, less a discount and subject to adjustments following the terms and conditions of the ASR Agreements. The Company is funding the accelerated share repurchase with proceeds from its recently accomplished $10.0 billion debt offering.
Qualcomm plans to implement the remaining portion of its stock repurchase program through various means, which may comprise but are not limited to open market purchases, one or more Rule 10b5-1 plans, privately negotiated transactions, the use of derivative instruments and/or additional accelerated share repurchase programs.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of Whiting Petroleum Corp. (NYSE:WLL), inclined 3.14% to $33.88, during its last trading session, as some energy and related stocks get a boost from the rally in oil prices.
Oil prices were in the green following Wednesday’s data from the Energy Information Administration showing a decline in U.S. oil storage levels. Last week, U.S. stock piled fell by 2.7 million barrels, The Wall Street Journal reports.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
At the end of Thursday’s trade, Shares of Las Vegas Sands Corp. (NYSE:LVS), gained 1.57% to $52.54.
Las Vegas Sands Corp, will take part in the 31st Annual Bernstein Planned Decisions Conference in New York, NY on Wednesday, May 27, 2015. Mr. Sheldon G. Adelson, chairman and chief executive officer, will take part in a discussion which is planned to start at about 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time).
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People’s Republic of China.
Finally, NorthStar Realty Finance Corp. (NYSE:NRF), ended its last trade with -0.05% loss, and closed at $18.21.
NorthStar Realty Finance, declared that it will be making a presentation, led by Al Tylis, President, and Debra Hess, Chief Financial Officer, at the REITWeek 2015 Investor Forum® to be held in New York, NY at the New York Hilton Midtown on Tuesday, June 9, 2015, at 8:00 a.m. Eastern.
NorthStar Realty Finance Corp., a real estate investment trust (REIT), operates as a commercial real estate (CRE) investment and asset administration company in the United States. It focuses on originating, structuring, acquiring, and managing senior and subordinate debt investments secured primarily by commercial, multifamily, and healthcare properties, which comprise first mortgage loans, subordinate mortgage interests, mezzanine loans, credit tenant loans, and other loans, such as preferred equity interests in borrowers who own such properties.
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