Industry News

CoreLogic. "However, there's a caveat involving a quirk of the calendar in that this July had 20 business days for transactions to be recorded in the public record compared with 22 business days..."/>
Home sales sink to two-year low across Southern California [Daily News, Los Angeles]
Hitachi Power Systems has received an order for one train of blast-furnace-gas fired gas turbine power generation equipment from Shougang Jingtang Iron& Steel Co., Ltd.. The equipment will be a key component of the Gas Turbine Combined-Cycle power plant that Shougang Jingtang Company plans to build in the Caofeidian Phase 2 Project in Tangshan, Hebei Province. In the project, low calorific value gas that is generated by the blast furnace..."/>
MHPS Receives Order for Gas Turbine Power Generation Equipment Fired by Blast Furnace Gas for Shougang Jingtang Company, China
Cisco Systems said Wednesday it will cut approximately 5,500 jobs in a restructuring plan as it moves toward more software and subscription services and focuses on the high-growth potential from areas such as security and cloud technologies. Cisco said the cuts, which will begin in the company's current fiscal first quarter, would amount to about 7 percent of its total workforce. Reports earlier in the day said Cisco was likely to cut as many as 14,000 jobs."/>
Cisco Systems' restructuring to cut 5,500 jobs [Mercury News]
Sunworks Inc. reported record revenue of $31.5 million in this year's second quarter, a 186 percent year-over-year improvement. The local company said the revenue spike was related in part to its recent acquisition of Elite Solar near Chico. Second-quarter net income totaled $744,000, or 4 cents per share, compared with a loss of $122,000, or a penny a share, in the second quarter of 2015.."/>
BRIEF: Roseville solar firm reports record revenue in second quarter [The Sacramento Bee]
SunEdison Semiconductor ordinary shares Transaction valued at US $683 million, including SunEdison Semiconductor outstanding net indebtedness HSINCHU, Taiwan and ST. PETERS, Mo., Aug. 17, 2016-- GlobalWafers Co., Ltd. and SunEdison Semiconductor Limited, both leaders in the manufacture and sale of silicon wafers to the semiconductor industry, announced today that they have entered into a definitive agreement for the..."/>
GlobalWafers and SunEdison Semiconductor Announce Definitive Agreement
Sprint CEO Dan Hesse added another director seat to his resume, joining the board of directors at Akamai Technologies Inc.. The Cambridge, Mass.-based company has struggled as its largest customers have begun to handle work internally that Akamai has done for them. "We believe Dan is a strong complement to our board and will be an asset as we seek to further our relationships with major carriers and network partners, and build upon our innovative mobile performance..."/>
BRIEF: Ex-Sprint CEO Dan Hesse joins another board [The Kansas City Star]
Lenovo Group today announced results for its first fiscal quarter ended..."/>
Solid Lenovo 1st Quarter FY16-17 in Face of Industry & Currency Headwinds
Microsoft Corp. generated a need for more room and workers. The company run by the husband-and-wife team of J.P. and Ulla Bak signed two leases for the entire fourth floor and part of the lower level of the Compass East mixed-use building at 425 Michigan Ave. That's in addition to the entire fifth floor,..."/>
Tablet maker Bak USA doubling size of Buffalo headquarters [The Buffalo News, N.Y.]
Cisco Systems says it will lay off 5,500 employees as the internet gear maker scrambles to adapt to technology changes that have reduced demand for its main products. The job cuts, 7 percent of its 78,000 workforce, were announced ahead of the company's earnings call on Wednesday. An industry trade publication had reported Tuesday that the layoffs could be between 9,000 and 14,000.."/>
Cisco plans to lay off up to 5,500 workers [The News & Observer (Raleigh, N.C.)]
First Data Management Committee. NEW YORK---- First Data, a global leader in commerce-enabling technology and solutions, announced today that Ivo Distelbrink will join the company to lead its business in the Asia Pacific region. Reporting to Chairman and CEO Frank Bisignano, Distelbrink will be based in Singapore and will also serve on First Data’ s Management Committee."/>
First Data Taps Ivo Distelbrink to Lead Asia Pacific Region
NetEase, Inc., one of China's leading internet and online game services providers, today announced its unaudited financial results for the second quarter ended June 30, 2016.. "Our outstanding second quarter results reflect NetEase's leadership in China's dynamic online games industry where we continue to introduce premium game content, innovative technology and effective marketing strategies," said Mr. William Ding, Chief Executive..."/>
NetEase Reports Second Quarter 2016 Unaudited Financial Results
BRIEF: DAILY OIL PRICE: Aug. 17 [Odessa American, Texas]
Alpha and Omega Semiconductor Limited, a designer, developer and global supplier of a broad range of power semiconductors and power ICs, today announced the addition of AOK30B135W1 to its 1350 V AlphaIGBT™ family. The new AOK30B135W1 has been optimized to deliver high performance by reducing switching loss in soft-switching home appliance applications such as induction cooking, rice cookers, and inverter-based microwave ovens."/>
Alpha and Omega Semiconductor Announces Addition to 1350V IGBTs Family Optimized for Soft-Switching Applications
Aetna Inc. has linked federal opposition to its proposed $37 billion purchase of Humana Inc. to the insurer's decision to exit scores of public health exchanges, according to a letter from Chief Executive Mark Bertolini to a U.S. "Our analysis to date makes clear that if the deal were challenged and/or blocked we would need to take immediate actions to mitigate public exchange and ACA small group losses," he said in a July 5 letter to Ryan Kantor, assistant chief of the..."/>
Letter From Aetna CEO Links Insurer's Obamacare Pullback To Federal Lawsuit [The Hartford Courant]
Q2 Holdings, Inc., a leading provider of secure, cloud-based virtual banking solutions for regional and community financial institutions, announced today the opening of its new facility in downtown Lincoln, Nebraska, as part of a broader expansion plan that will also see an upgrade to its headquarters in Austin, Texas. The Lincoln office— located at 601 P St.— is 20,000 square..."/>
Q2 Holdings Opens New Facility in Lincoln, Nebraska, as Part of Broader Expansion
CoreLogic reported Wednesday. Last month's price also failed to match May and June's record-setting pace."/>
Median home price slips to $640,000 as sales decline in July [The Orange County Register]
CoreLogic reported Wednesday. The median price paid for a Southern California home in July tied June's nine-year high of $465,000, CoreLogic figures show. That's the highest for any month since August 2007, when it was $500,000.."/>
BRIEF: Southern California home prices at 9-year high [The Orange County Register]
Semtech Corporation, a leading supplier of analog and mixed-signal semiconductors, today announced plans to release the financial results of its second quarter of fiscal year 2017 after the close of the market on Wednesday, August 31, 2016. The results will be released through GlobeNewswire and posted at Semtech will host a conference call at 2:00 p.m. PT on Wednesday, August 31, 2016 to discuss its second quarter of fiscal year..."/>
Semtech Announces Fiscal Year 2017 Second Quarter Conference Call
Apple's new operating system will not solve the problem of gun violence in America. But symbolic gestures have power-- the rainbow flags of the LGBT community, the pink ribbons of cancer survivors, the peace symbols during the Vietnam War. This is simply a way for Apple to say that it bemoans the terrible rash of shootings that have afflicted America so deeply over the last few years."/>
Apple got it right in changing the gun emoji [East Bay Times]
Luxoft Holding, Inc, a leading provider of software development services and innovative IT solutions to a global client base, today announced that it will be participating in the following investor conferences during the month of September:. Tuesday, September 6, 2016 Roman Yakushkin, Chief Financial Officer, will be conducting one-on-one meetings at the UBS Corporate Day in Frankfurt, Germany. Wednesday, September 7, 2016 Dmitry Loschinin, President and Chief..."/>
Luxoft Holding, Inc to Participate in Investor Events During the Month of September, Inc., makers of ® Cloud software for Support Interaction Optimization, and a leading provider of tech support and turnkey support center services, today announced that it received a determination from the NASDAQ Stock Market granting approval of the Company's request to transfer its listing to the NASDAQ Capital Market from the NASDAQ Global Select Market. As a result of the transfer to the NASDAQ Capital Market, the Company is..."/> Announces Listing Transfer to NASDAQ Capital Market

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