On Thursday, Shares of Ford Motor Co. (NYSE:F), gained 1.37% to $15.51.
Ford Motor Co (F.N) sees most of its corporate sales growth over the next decade coming from the Asia Pacific region despite the recent slowdown in China auto demand, a top executive said Thursday, according to Reuters.
Ford’s Asia Pacific sales in the first quarter totaled $2.3 billion, or 6.8 percent of the company’s total.
China and India will be the big engines for growth, Schoch said. Ford sees China industry sales hitting 32 million vehicles in 2020, up from 23 million in 2013, and doubling to 6 million in India in the same period.
Schoch said Ford believes 7 percent industry growth is sustainable in China despite the recent slowdown, Reuters Reports.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
Shares of Altria Group Inc. (NYSE:MO), declined -0.31% to $51.64, during its last trading session.
Joined by parents, educators, elected officials and executives from Altria, 20 Richmond area students crossed the stage recently at the historic Hippodrome Theater to accept scholarships of up to $10,000 per year for four years. The students aim to pursue degrees in fields ranging from education and pre-med, to computer science and psychology. The scholarships represent the fulfillment of Altria’s original $2 million seven-year commitment to its College Opportunity Fund program.
The 20 scholars in the Class of 2015 are the fourth cohort of students to receive the scholarships. However, Altria declared at event that it will extend its scholarship program, by up to $800,000, for a fifth cohort.
In addition to their scholarships, Altria scholars receive support to assist them adjust to college and complete their degrees. This comprises financial aid advisory services, assistance with the transition to college and mentoring while they are in school.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
At the end of Thursday’s trade, Shares of FirstEnergy Corp. (NYSE:FE), gained 0.25% to $35.92.
Mon Power, a partner of FirstEnergy Corp., will conduct an emergency readiness exercise on May 26 to test the company’s restoration process used to repair storm-related power outages.
Company employees from the Operations, Engineering, External Affairs, Customer Support, Facilities, Distribution and Transmission Control and Planning & Analysis groups will take part in or be involved with the drill at Mon Power’s headquarters in Fairmont.
A team of FirstEnergy and Mon Power employees has been preparing for weeks for the drill, which will roughly follow the same time plan and number of customer outages as an actual storm that occurred in the past. Storm drills are becoming more common in the utility industry in the wake of severe weather over the last several years.
Mon Power, a FirstEnergy electric distribution company, serves about 385,000 customers in 34 West Virginia counties.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.
Finally, DryShips, Inc. (NASDAQ:DRYS), ended its last trade with 2.93% gain, and closed at $0.79.
DryShips, declared that it has reached a contract with Ocean Rig to partially exchange $40 million borrowed by the Company under the $120 million Exchangeable Promissory Note for 4,444,444 shares of Ocean Rig owned by the Company and to amend certain other terms of the Loan.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.
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