On Friday, Shares of Facebook Inc (NASDAQ:FB), gain 0.06% to $94.40.
Facebook Inc (NASDAQ:FB), has unveiled Signal, a free of cost discovery and curation feature for journalists to assist them with their newsgathering process, according to Zacks.
The platform available on both Facebook and Instagram will assist journalists to “source, gather, and embed newsworthy content, across news, culture, entertainment, sports, and more—all in one place.”
Analysts observe that Facebook is trying to evolve into a destination rather than a sort of distraction to improve engagement levels. It aims at becoming a platform where users get to know about all noteworthy things going on across the globe. Therefore, wooing journalists and media publications seems a sure shot way of building a much stronger user base. Zacks Reports
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Shares of Barrick Gold Corporation (USA) (NYSE:ABX), declined -1.17% to $6.76, during its last trading session, after the gold mining company declared it will shut down its Utah office.
Barrick Gold will close its office in Salt Lake City by the end of November, according to Reuters. The Toronto-based gold producer will lay off the about 110 employees in the Utah office in a cost saving measure.
The gold producer also said it will integrate a standalone copper unit into the main company, laying off about 10 employees in the process, to save overhead costs. Barrick Gold presently operates a single copper mine in Zambia it gained when it attained Equinox Minerals in 2011.
Barrick Gold hopes to cut costs and reduce its debt by making both moves. In August the company said it reduced its debt by $2.7 billion, or 90% of its $3 billion reduction target, according to Reuters. The company had $12.8 billion in debt at the end of June.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), declined -0.41% to $26.91, during its last trading session.
JetBlue Airways Corp. reports preliminary financial results for the quarter ended June 30, 2015.
Highlights
- Summary numbers: Revenues of USD 1612 million, Net Earnings of USD 152 million, and Earnings per Share (EPS) of USD 0.44.
- Gross margins widened from 14.20% to 23.76% contrast to the same quarter last year, operating (EBITDA) margins now 24.44% from 14.74%.
- Year-on-year change in operating cash flow of 65.30% is about the same as the change in earnings, likely no noteworthy movement in accruals or reserves.
- Earnings declined although operating margins improved from 9.58% to 19.42%.
JBLU-US‘s change in revenue this quarter contrast to the same quarter last year of 7.97% is almost the same as its change in earnings, and is about average among the declared results thus far in its peer group, suggesting that JBLU-US is holding onto its market share. Also, for comparison purposes, revenues changed by 5.84% and earnings by 10.95% contrast to the immediate last quarter.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts. It also served 87 destinations in 27 states in the United States (the U.S.), the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 17 countries in the Caribbean and Latin America. JetBlue Airways Corporation was founded in 1998 and is based in Long Island City, New York.
Finally, Emerson Electric Co (NYSE:EMR) ended its last trade with -3.74% loss, and closed at $45.10.
Food service equipment company Ali Group has attained Emerson’s InterMetro Industries Corp. and its auxiliaries, a business with about $284 million in annual sales, according to bizjournals.com.
Ferguson-based Emerson had said in February that it was exploring the sale of its InterMetro storage business, known as Metro. The unit makes and markets storage and transport products for the food service, commercial products and health care industries. InterMetro, based in Wilkes-Barre, Pennsylvania, was part of Emerson’s Commercial & Residential Solutions segment.
Davis Polk & Wardwell LLP acted as legal advisers to Emerson in the deal. Brookwood Associates and Deloitte & Touche LLP acted as financial advisers to Ali Group, with Alston & Bird LLP as Ali’s legal advisers.
Emerson’s fiscal third quarter profit totaled $574 million, down 22 percent from the third quarter of fiscal 2014, on sales of $5.5 billion. The company is led by CEO David Farr. Bizjournals.com Reports
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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.
