On Tuesday, in the course of current trade, Shares of Orbitz Worldwide, Inc. (NYSE:OWW), dropped -0.43%, and is now trading at $11.54.
Last-minute travelers and procrastinators alike can still find deals for Memorial Day weekend. The latest Orbitz Insider Index spotlights the most popular destinations for the holiday weekend together with nearby alternatives that can save travelers up to 35 percent. Consumers can save even more by using promotion code TRAVELHAPPY, which gives travelers an additional 20 percent off of hotel stays of one night or more when booking travel on Orbitz.com or the mobile apps through May 24.
“Memorial Day marks the starting of the summer season and Americans are traveling in record numbers this year,” said Jeanenne Tornatore, senior editor for Orbitz.com. “It’s not too late to get away without breaking the bank. By booking accommodations just outside of major tourist hubs or by staying in neighboring suburbs, travelers can stretch their budgets even further.”
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets.
During an Afternoon trade, Shares of Murphy Oil Corporation (NYSE:MUR), dipped -1.36%, and is now trading at $42.93, after Goldman Sachs lowered its rating to “sell” from “neutral.”
This downgrade follows the company’s first quarter results, stated in the starting of May. It stated revenue of $921.8 million, or a loss of $1.11 per share, contrast to revenue of $1.3 billion, or $0.96 per share in the same quarter a year ago.
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids.
Finally, Trina Solar Limited (NYSE:TSL), lost -4.85% Tuesday.
On May 6, Trina Solar Limited declared that it has set up Trina Solar Science & Technology (Thailand) Ltd., a partner company in Thailand to build a manufacturing facility with 500 MW of module and 700 MW of cell production capacity. Trina Solar will invest US$160 million in the facility, which is located in Rayong of Thailand. Production is projected to commence in late 2015 or early 2016.
Mr. Zhiguo Zhu, COO and President of Module Business Unit of Trina Solar, commented: “Thailand is an ideal location for us to build a new manufacturing base due to its proximity to key emerging markets in the Asia Pacific region in addition to its favorable investment environment in terms of land acquisition and labor costs. The new factory will serve to diversify and expand Trina Solar’s existing manufacturing capacity to meet growing demand from both our established key markets and emerging markets. We believe diversifying our global manufacturing capacity will allow us to better leverage resources more cost effectively, enhance our competitiveness in overseas markets and enable us to enhance our global market share. Besides, Thailand is also a particularly attractive PV market given its sunny environment, long-term PV subsidies, and favorable government policies towards the solar sector. We are also very delighted that our investment in the region will assist create jobs and support local economic development, in addition to further develop the solar industry in Thailand.”
Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The company designs, develops, manufactures, and sells photovoltaic (PV) modules comprising monocrystalline and multicrystalline PV modules ranging in various power outputs for use in residential, commercial, industrial, and other solar power generation systems.
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