Building on a decade-long relationship, Eutelsat and ViaSat are creating a partnership that will expand Eutelsat’s current wholesale broadband business and launch a new consumer retail service in Wholesale Services will focus on providing wholesale broadband and mobility services in the European and Mediterranean regions to the newly established retail services business and existing Eutelsat distributors. Eutelsat is contributing its current European broadband business including the KA-SAT satellite to the newly formed entity, owned 51% by Eutelsat.
Category: Corporate / Securities Law
Origin Asset Management LLP Has $341,000 Stake in Cavium Inc
Origin Asset Management LLP continued to hold its position in Cavium Inc during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 5,466 shares of the semiconductor provider’s stock at the end of the fourth quarter.
8 8, Inc. (EGHT) Shares Sold by Renaissance Technologies LLC
Renaissance Technologies LLC lowered its position in shares of 8 8, Inc. by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The institutional investor owned 1,698,500 shares of the company’s stock after selling 246,930 shares during the period.
Bogle Investment Management L P de Invests $1,526,000 in Zumiez Inc.
Bogle Investment Management L P DE bought a new stake in shares of Zumiez Inc. during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 69,859 shares of the apparel and footwear maker’s stock, valued at approximately $1,526,000.
Exxon Caves to Oil Crash With Historic Global Reserves Cut
Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of some North American fields. The equivalent of about 3.3 billion barrels of untapped crude was removed from the so-called proved reserves category in Exxon’s books, the Irving, Texas-based explorer said in a statement.
NetEase, Inc. (NTES) Stake Boosted by Matthews International Capital Management LLC
Matthews International Capital Management LLC increased its position in NetEase, Inc. by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,960 shares of the company’s stock after buying an additional 14,200 shares during the period.
NetEase, Inc. (NTES) Stake Boosted by Matthews International Capital Management LLC
Matthews International Capital Management LLC increased its position in NetEase, Inc. by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,960 shares of the company’s stock after buying an additional 14,200 shares during the period.
Briefs
The Securities and Exchange Commission has extended the deadline for submitting the special audit report of KC Property Public Company Ltd to March 8. Earlier, the SEC ordered KC to have a special audit on the internal control system concerning the issuance of bills of exchanges, related receipt and payment transactions, and accounting records practice. The company was also required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.
Bessemer Group Inc. Has $5,491,000 Position in Companhia Brasileira de Distribuicao
Bessemer Group Inc. reduced its position in shares of Companhia Brasileira de Distribuicao by 40.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The fund owned 331,800 shares of the company’s stock after selling 222,300 shares during the period.
18,925 Shares in Perceptron, Inc. (PRCP) Acquired by Trent Capital Management Inc. NC
Trent Capital Management Inc. NC bought a new position in Perceptron, Inc. during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The institutional investor bought 18,925 shares of the company’s stock, valued at approximately $126,000.
Amazon.com, Inc. (AMZN) is Mizuho Trust & Banking Co. Ltd.’s 6th Largest Position
Mizuho Trust & Banking Co. Ltd. increased its stake in Amazon.com, Inc. by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission .
Bank of New York Mellon Corp Acquires 18,263 Shares of Barnes & Noble Education, Inc
Bank of New York Mellon Corp raised its position in shares of Barnes & Noble Education, Inc by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439,086 shares of the company’s stock after buying an additional 18,263 shares during the period.
Apple Inc. (AAPL) Shares Sold by Quantbot Technologies LP
Quantbot Technologies LP reduced its stake in shares of Apple Inc. by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 44,728 shares of the iPhone maker’s stock after selling 14 shares during the period.
Mark Hulbert: Corporate insiders have a stock market surprise for you
Corporate insiders are betting that Dow 20,000 will be just a way station on the road to higher levels. That’s surprising, because insiders normally sell into strength – just as they tend to buy in the wake of weakness.
Profund Advisors LLC Sells 2,050 Shares of Ebix, Inc.
Profund Advisors LLC lowered its stake in Ebix, Inc. by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission . The firm owned 14,553 shares of the company’s stock after selling 2,050 shares during the period.
Yahoo delays sale of core business to Verizon
Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required to meet closing conditions,” the California online pioneer said in a statement, adding that it was “working expeditiously to close the transaction as soon as practicable.”
Cray Announces Selected Preliminary 2016 Financial Results
Global supercomputer leader Cray Inc. today announced selected preliminary 2016 financial results. The 2016 anticipated results presented in this release are based on preliminary financial data and are subject to change until the year-end financial reporting process is complete.
Trump to tap Wall Street lawyer Jay Clayton to head SEC
President-elect Donald Trump will nominate Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission , according to Sean Spicer, a spokesman for Trump’s transition team. As chair of the SEC, which polices Wall Street and the financial markets, Clayton would play a key role in Trump’s efforts to usher in a period of deregulation, including undoing parts of 2010’s financial reform legislation, known as the Dodd-Frank Act.
Verint Systems Inc. (VRNT) Position Lowered by Teacher Retirement System of Texas
Teacher Retirement System of Texas decreased its position in shares of Verint Systems Inc. by 23.1% during the third quarter, Holdings Channel reports. The fund owned 6,683 shares of the company’s stock after selling 2,007 shares during the period.
Neogen Corporation (NEOG) Position Decreased by Rehmann Capital Advisory Group
Rehmann Capital Advisory Group reduced its position in shares of Neogen Corporation by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission . The fund owned 3,882 shares of the company’s stock after selling 17 shares during the period.
Mirae Asset Global Investments Co. Ltd. Boosts Stake in NetEase, Inc.
Mirae Asset Global Investments Co. Ltd. increased its position in NetEase, Inc. by 324.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission .