U.S. Bancorp (NYSE:USB) [Trend Analysis] moved down reacts as active mover, shares a loss -0.55% to traded at $52.25 and the percentage gap between open changing to regular change was -0.13%. U.S. Bancorp has offered building a $250M data center in Chaska. The 56,000-square-foot facility is in line for several subsidies, including: A $287,000 grant from the Minnesota Department of Employment and Economic Development; A 20-year tax abatement worth about $548,000 provided by the city of Chaska; and sales-tax incentives through a state program designed to spur data-center development.
In addition, Greater MSP and Chaska are trying to secure a $250,000 grant to support infrastructure work at the site, the Minnesota Department of Employment and Economic Development said in a news release Tuesday. The data center would ultimately employ 18 employees. Data centers are expensive to build, but often produce few jobs because staffing requirements for maintaining severs are low. As far as the returns are concern, the return on equity was recorded as 13.50% and return on investment was 10.70% while its return on asset stayed at 1.30%. The firm has total debt to equity ratio measured as 0.90.
Apple Inc. (NASDAQ:AAPL) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.08% to close at $117.04 with the total traded volume of 6.71 Million shares. Apple Inc. (APPLE) is in talks with India’s government to explore making products locally, the Wall Street Journal declared on Tuesday, as the US firm aims to make deeper inroads in the world’s second-largest mobile phone market by users.
Prime Minister NarendraModi is trying to boost technology manufacturing in the country through his ‘Make in India’ initiative. His government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores.The Journal said Apple, in a letter to the federal government in November, outlined manufacturing plans and asked for financial incentives.Government representatives were not accessible to comment while an Apple spokesman in India did not immediately respond to an email from Reuters seeking comment. The firm has institutional ownership of 58.60%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.89. AAPL attains analyst recommendation of 1.90 with week performance of 1.53%.