GE Capital Loans $6.5 Million to Tennessee Hotel Co. and 2 Other Hot Stocks to Watch
General Electric Co. (NYSE:GE): Current price $23.09
On Tuesday, GE Capital’s Franchise Finance business said that it has loaned $6.5 million to Wright Investment Properties, Inc., a hotel management and development firm based in Cordova, Tennessee. Most of the funds will be used to refinance and renovate a 90-room Residence Inn in Memphis.
President and Chief Executive of Wright Investment commented that, “We’re actively pursuing acquisitions and we believe we have a proven formula for growth. We’re pleased to work with GE Capital because we believe they have the industry expertise we need to help us continue to succeed.”
Himax Technologies, Inc. (NASDAQ:HIMX): Current price $6.39
On Monday, Himax announced that it will attend two investor conferences in September: Credit Suisse Asian Technology Conference September 11 through 13 in Taipei, and Oppenheimer 1st Emerging Innovations Conference: Next Gen Display & Touch Technologies on September 17 at the Grand Hyatt New York. Himax makes and supplies display drivers and other semiconductor products.
Advanced Micro Devices (NYSE: AMD): Current price $3.29
AMD scored a double victory at the International Public Relations Association’s 2013 Golden World Awards as it was named the winner in two categories for the public relations campaign it conceived for the intro of the AMD Radeon HD 7990 graphics card.
Corporate Vice President, Global Communications, AMD, John Taylor observed that, “These wins at the 2013 Golden World Awards underscore the AMD commitment to excellence in all aspects of business, from our technology products to our marketing and communications. Just as AMD pioneers new possibilities in the realm of technology, we constantly innovate in the marketing and communications realm to more effectively and efficiently communicate with key stakeholders and the millions of people who use AMD products.”