Symantec Corp. (NASDAQ:SYMC) announced that it has closed the previously announced transaction with Silver Lake, pursuant to which Silver Lake made a $500 million strategic investment in Symantec. With the closing of this investment, Ken Hao, managing partner of Silver Lake, has been appointed to the Symantec Board of Directors, effective immediately. The Symantec Board is now comprised of ten directors, nine of whom are independent.
Symantec Corporation (NASDAQ:SYMC) belongs to Technology sector. Its net profit margin is 17.30% and weekly performance is -14.51%. On last trading day company shares ended up at $16.62.
Abraxas Petroleum Corporation (NASDAQ:AXAS) will host its fourth quarter and year end 2015 earnings conference call on Wednesday, March 16, 2016 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans to announce fourth quarter and year end 2015 operating and financial results prior to the call.
Abraxas Petroleum Corp. (NASDAQ:AXAS) shares moved up 11.65% in last trading session and ended the day at $1.15. AXAS Gross Margin is 61.20% and its return on assets is -8.20%. Abraxas Petroleum Corp. (NASDAQ:AXAS) quarterly performance is -9.45%.
On March 3, 2016, The First Marblehead Corporation (NYSE:FMD) entered into a letter agreement with Alan Breitman (the “Letter Agreement”), the Corporation’s Chief Financial Officer, Chief Accounting Officer and a Managing Director. The Letter Agreement provides that, in the event Mr. Breitman is involuntarily terminated by the Corporation without cause, subject to Mr. Breitman signing a general release of claims, the Corporation will provide Mr. Breitman with continuation of salary and medical and dental benefits for a period of six months immediately following Mr. Breitman’s termination date. For purposes of the Letter Agreement, “cause” is defined as (1) unsatisfactory job performance, (2) willful misconduct, fraud, gross negligence, disobedience or dishonesty on the part of Mr. Breitman or (3) Mr. Breitman’s conviction of a felony involving moral turpitude.
On 04 March, The First Marblehead Corporation (NYSE:FMD) shares moved up 0.31% and was closed at $3.20. FMD EPS growth in last 5 year was 26.50%. The First Marblehead Corporation (NYSE:FMD) year to date (YTD) performance is -23.99%.
Resonant Inc. (NASDAQ: RESN), announced it will release financial results for the fourth quarter and year ended December 31, 2015, after market close on Thursday, March 24, followed by an investor conference call at 1:30 p.m. PDT/4:30 p.m. EDT. Chief Executive Officer Terry Lingren and Chief Financial Officer John Philpott will host the call.
Resonant Inc. (NASDAQ:RESN) ended the last trading day at $1.94. Company weekly volatility is calculated as 7.89% and price to cash ratio as 1.77.
Stryker’s (NYSE: SYK) Spine division announced that its Tritanium PL Posterior Lumbar Cage, an intervertebral body fusion device that aids in lumbar spinal fixation for patients with degenerative disc disease, has received 510(k) clearance from the U.S. Food and Drug Administration.
Stryker Corporation (NYSE:SYK) shares moved up 0.53% in last trading session and ended the day at $103.45. SYK Gross Margin is 66.50% and its return on assets is 8.80%. Stryker Corporation (NYSE:SYK) quarterly performance is 7.91%.