Shares of Corning Incorporated (NYSE:GLW) ended Wednesday session in green amid volatile trading. The shares closed up +0.02 points or 0.09% at $22.37 with 6.98 million shares getting traded. Post opening the session at $22.32, the shares hit an intraday low of $22.31 and an intraday high of $22.57 and the price vacillated in this range throughout the day. The company has a market cap of $23.06 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on AUGUST 30, 2016 announced its groundbreaking innovation – Corning® Gorilla® Glass SR+. Specifically designed for wearable devices, this new glass composite significantly reduces visible scratches while delivering the toughness, optical clarity and touch sensitivity that make Gorilla Glass famous.
With rigorous daily activity, consumers put their wearable devices to the test, leaving them exposed to damage. To overcome the challenges facing the screens on these devices, Corning scientists developed a new glass composite engineered to better endure the bumps, knocks and scrapes wearables encounter while maintaining the optical clarity and touch sensitivity required for on-the-go connectivity.
In a league of its own
In lab tests, Corning Gorilla Glass SR+ demonstrated superior scratch resistance approaching that of alternative luxury cover materials, while delivering up to 70 percent better damage resistance against impacts and 25 percent better surface reflection than those alternative materials. Such step improvements in optical performance enable longer battery life and improved outdoor readability.
“In early 2015, Corning launched Project Phire with the goal of engineering glass-based solutions with the scratch resistance approaching luxury cover materials, combined with the superior damage resistance of Gorilla Glass,” said Scott Forester, director, innovation products, Corning Gorilla Glass. “Corning Gorilla Glass SR+ delivers a superior combination of properties that is not available in any other material – it is in a class of its own.”
Shares of America Movil SAB de CV (ADR) (NYSE:AMX) ended Wednesday session in red amid volatile trading. The shares closed down -0.16 points or -1.36% at $11.58 with 6.85 million shares getting traded. Post opening the session at $11.67, the shares hit an intraday low of $11.55 and an intraday high of $11.82 and the price vacillated in this range throughout the day. The company has a market cap of $37.10 billion and the numbers of outstanding shares have been calculated to be 44.28 billion shares.
On September 13, 2016 Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by América Móvil S.A.B. de C.V., one of the largest integrated telecommunications companies in the world, as the successor depositary bank for its sponsored American Depositary Receipt (ADR) programs.
América Móvil’s ADRs are traded on the New York Stock Exchange under the symbol “AMX” for its ADRs representing L shares and on the NASDAQ Stock Market under the symbol “AMOV” for its ADRs representing A shares. Each ADR represents 20 L or A shares, respectively. América Móvil is based in Mexico and its underlying L and A shares are listed on the Mexican Stock Exchange.
“Providing value for our ADR holders is an important commitment, and we look forward to working with Citi to further develop and improve our ADR programs,” said Carlos Garcia Moreno, CFO of América Móvil.
“We are honored to be appointed successor depositary bank for América Móvil’s ADR programs,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s investor relations expertise and global presence, we are confident we can facilitate the continued success of América Móvil’s ADR programs.”