On Wednesday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -3.89% to $14.81.
WPG Americas Inc. (WPGA), a partner of WPG Holdings, the Global number one distributor of semiconductors, declared recently that registration is now open for the first ever WPGA Roadshow event, “The Future is Micron Solid,” with Micron Technology, Inc.
The first Roadshow event will kick off in Chicago on October 7th. Presentation topics will surround the future of big data storage, Micron flash solutions such as SATA SSDs, PCIe SSDs and Enterprise storage, and how these solutions can assist to power customer workloads.
Both WPGA and Micron are global leaders in optimizing big data performance. With data increasing exponentially every single day, today’s enterprises call for high performance, availability, scalability and manageability to handle those big data centers. By changing the way you store your data, you could greatly reduce the amount of time it takes to access an individual piece of stored information and deliver it to the necessary application, thus streamlining your workflow.
Headquartered in San Jose, CA, WPG Americas Inc. is a member of WPG Holdings, a $14.9B worldwide distributor of semiconductors, passive, electro-mechanical and display products. Founded in November 2007, WPGA is a franchised partner for leading technology suppliers.
Micron Technology, Inc. is a global provider of semiconductor devices. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, in addition to other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products.
Shares of NRG Energy Inc (NYSE:NRG), inclined 0.46% to $15.43, during its last trading session.
NRG Energy declared the next phase of the 2015 Capital Allocation Plan with authorization to repurchase $251 million of its common stock, comprised of $51 million remaining from the formerly declared share repurchase program and an additional $200 million. The authorization will be implemented through a 10b5-1 trading plan right away.
The purchase of common stock will be made using cash on hand and may be made from time to time as market conditions warrant and subject to regulatory considerations. This action does not foreclose the possibility of further or different capital allocation actions in the future.
NRG Energy, Inc. (NRG) is a power company that produces, sells and delivers energy, and energy products and services in power markets in the United States. NRG’s business segments are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. NRG Business comprises of NRG’s wholesale operations, counting plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions.
Shares of Las Vegas Sands Corp. (NYSE:LVS), declined -3.82% to $41.76, during its last trading session, after Fitch Ratings revised its Macau gaming growth forecast for 2015.
The statistical ratings firm said it now anticipates Macau gaming revenue to decline between 33% and 34% in 2015, down from its previous forecast of a 29% decline.
Fitch Ratings said that gaming revenues in Macau are down 36.5% year to date through August, which reflects on the difficult first-half 2014 comparison, and pressures such as corruption crackdown in China that took a toll on gaming.
The ratings firm said that Macau’s decision to loosen its visa restrictions “should produce some positive benefit, underscoring that Macau is willing to use certain levers to prop up its gaming-centric economy.”
Fitch Ratings said it anticipates Macau gaming growth in 2016 to be “relatively flat,” citing the positive impact of new properties opening in the region next year.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao, and Other Asia (that comprises its ferry operations and various other operations). In Singapore, its operating segment is Marina Bay Sands.
Finally, Wal-Mart Stores, Inc. (NYSE:WMT), ended its last trade with 0.22% gain, and closed at $63.74.
Wal-Mart Stores Inc (WMT.N) is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China’s devaluation of the yuan, people with knowledge of the matter said, according to Reuters.
Wal-Mart managers in recent weeks have contacted more than 10,000 suppliers in various countries, all of which have manufacturing facilities in China, seeking cost cuts of 2 percent to 6 percent on mainly general merchandise counting home furnishings, apparel, health and beauty products, appliances, electronics and toys, according to a consultant who advised Wal-Mart on the move and spoke on condition of anonymity to protect his relationship with the retailer.
The company is telling suppliers that they should pass on the savings arising from the yuan devaluation so Wal-Mart can achieve EDLC, or “everyday low cost,” its term for the tight cost controls needed to keep prices low for consumers, according to executives at two vendors of durable goods, who also requested anonymity. Both were asked for cuts in the lower half of the 2 percent to 6 percent range. Both said they planned to negotiate a reduction in the projected cuts. Reuters Reports
Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, in addition to digital retail.
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