On Thursday, Shares of Yahoo! Inc. (NASDAQ:YHOO), gained 4.18% to $35.93.
Yahoo has hired Martha Nelson, a longtime Time Inc. editorial executive, to be global editor-in-chief of Yahoo Media, according to San Jose Mercury News.
Nelson had been Time Inc.’s first female editor-in-chief, but she lost the job in 2013 after less than a year at the helm when the New York media giant eliminated the editor-in-chief position. She first began working at Time in the early 1990s, founding the company’s InStyle Magazine and later managing People magazine. San Jose Mercury News Reports
She joins Yahoo on Monday, working in the New York office and reporting to Kathy Savitt, who has dual roles as chief marketing officer and head of media. San Jose Mercury News added
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of WPX Energy, Inc. (NYSE:WPX), declined -4.71% to $8.49, during its last trading session.
WPX Energy second-quarter 2015 results reflect 38 percent growth in oil volumes vs. a year ago as the company successfully executes on the transition of its historically gas-weighted portfolio to more oil production and more oil inventory.
Total liquids production hit a new high for the company, averaging 52,400 barrels per day in the second quarter. Oil and natural gas liquids (NGL) volumes accounted for 32 percent of the companys overall production and 57 percent of product revenues.
Second-quarter 2015 stated financial results reflect higher liquids production, a gain on the sale of transportation contracts in the Northeast and a 16 percent decrease in cash operating expenses, not taking into account exploration and DD&A expense, vs. a year ago.
These benefits were offset by a 42 percent decrease in product revenues from significantly lower commodity prices and a net loss on derivatives that reflect non-cash changes to the fair value of WPXs hedging positions.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Finally, Macy’s, Inc. (NYSE:M), ended its last trade with -1.76% loss, and closed at $62.98.
Macy’s declared it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited (a privately-held enterprise; see footnote below) to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces.
The joint venture, which is 65 percent owned by Macy’s and 35 percent owned by Fung Retailing, will start with an e-commerce pilot. For Macy’s, already a popular destination for Chinese-Americans and Chinese visitors to the United States, the joint venture is predictable to develop noteworthy new learnings on customer preferences and buying patterns within China.
Under the joint venture, Macy’s plans to start selling in China in late 2015 through an e-commerce presence on Alibaba Group’s Tmall Global, their premiere marketplace that connects overseas branded retailers to Chinese consumers. To be based in Hong Kong and called Macy’s China Limited, the Macy’s-Fung joint venture will curate a Macy’s online merchandise assortment especially for Chinese customers and fulfill Tmall Global orders from Hong Kong through local logistics channels, counting LF Logistics, an associate of Fung Retailing. Alipay will be a primary payment channel for Macy’s e-commerce offerings in China.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.