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Sunday 26 July 2015
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Active Movers of Yesterday: FirstEnergy Corp. (NYSE:FE), Infosys Ltd ADR (NYSE:INFY), Williams Companies Inc (NYSE:WMB), American International Group Inc (NYSE:AIG)

On Thursday, Shares of FirstEnergy Corp. (NYSE:FE), lost -3.00% to $32.32.

FirstEnergy Corp., declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock. The dividend will be payable September 1, 2015, to shareholders of record at the close of business on August 7, 2015.

FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. Its generation auxiliaries control nearly 17,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro and other renewables.

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.

Shares of Infosys Ltd ADR (NYSE:INFY), inclined 0.35% to $17.32, during its last trading session.

Infosys declared results for the Quarter Ended June 30, 2015.

Financial Highlights

Merged results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2015

Quarter ended June 30, 2015

  • Revenues were $ 2,256 million for the quarter ended June 30, 2015
  • QoQ growth was 4.5% in stated terms; 4.4% in constant currency terms
  • YoY growth was 5.7% in stated terms; 10.9% in constant currency terms
  • Net profit was $ 476 million for the quarter ended June 30, 2015
  • QoQ decline was 4.5%
  • YoY decline was 1.3%
  • Earnings per share (EPS) was $ 0.21 for the quarter ended June 30, 2015
  • QoQ decline was 4.5%
  • YoY decline was 1.3%
  • Liquid assets counting cash and cash equivalents, accessible-for-sale financial assets and government bonds were $ 4,750 million as on June 30, 2015 as contrast to $ 5,214 million as on March 31, 2015
  • Infosys spent $ 7 million in Q1, towards Corporate Social Responsibility (CSR) which is primarily being carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, computing literacy, improving health, assisting rural development, supporting arts and assisting the destitute.

Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally.

At the end of Thursday’s trade, Shares of Williams Companies Inc (NYSE:WMB), lost -1.12% to $52.94.

Williams declared that Transco has filed an application with the Federal Energy Regulatory Commission for its New York Bay Expansion Project to deliver additional natural gas to New York City in time for the 2017/2018 heating season.

Earlier this year, Williams’ Transco placed into service two other major New York City natural gas pipeline projects, the Rockaway Delivery Lateral and the Northeast Connector. These facilities are providing noteworthy additional supply to the 1.8 million customers served by National Grid in Brooklyn, Queens, Staten Island and Long Island.

The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

Finally, American International Group Inc (NYSE:AIG), ended its last trade with -0.65% gain, and closed at $64.12.

American International Group declared the final results as of 11:59 p.m., New York City time, on July 16, 2015, the expiration date, of its formerly declared maximum cash tender offer for up to $3.3 billion (U.S. Dollar equivalent) aggregate principal amount of the notes and debentures issued or guaranteed by AIG listed in the table below, following its offer to purchase dated June 18, 2015. The complete terms of the tender offer are set forth in the offer to purchase and the related letter of transmittal.

AIG has accepted all notes and debentures validly tendered and not withdrawn.

As of the expiration date, the principal amount of notes and debentures of each series validly tendered and accepted by AIG, the acceptance priority level and the “Total Consideration” per $1,000, £1,000 or €1,000 principal amount are as set forth in the table below. The Total Consideration comprises an early participation amount of $50, £50 or €50 per $1,000, £1,000 or €1,000 principal amount, as applicable, to be paid to holders who validly tendered and did not validly withdraw their notes and debentures at or preceding to 5:00 p.m., New York City time, on July 1, 2015 and whose securities have been accepted for purchase by AIG. Holders who validly tendered their notes or debentures after 5:00 p.m., New York City time, on July 1, 2015, and on or preceding to the expiration date and whose securities have been accepted for purchase will receive only the applicable “Tender Offer Consideration,” which is equal to the Total Consideration less the early participation amount.

American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.

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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.

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