On Wednesday, Shares of J. C. Penney Company, Inc. (NYSE:JCP), lost -0.72% to $8.27.
J.C. Penney Company has strengthened its executive leadership team with the appointment of two outstanding senior leaders who will be charged with maximizing the power, reach and integration of the Company`s omnichannel capabilities. Michael Amend, formerly vice president of online, mobile and omnichannel for The Home Depot, will be joining JCPenney on Aug. 4 as executive vice president of omnichannel. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, joined the Company as senior vice president of supply chain effective Aug. 10.
Under his leadership at The Home Depot, Amend is credited for leading the development of several groundbreaking omnichannel initiatives, which resulted in The Home Depot being recently recognized as the Internet Retailer of the Year for 2014 by Internet Retailer®. Amend was the executive sponsor responsible for rolling out buy online pick-up in store; buy online, ship to store; and buy online, deliver from store. Amend also led the company`s efforts to develop best in class mobile experiences. Preceding to The Home Depot, Amend was chief technology officer for global online at Dell and deputy chief technology officer for BEA Systems. Amend will report to Ellison and succeeds Mike Rodgers, who has left the Company to pursue other interests.
J.C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating. As of March 18, 2015, it operated about 1,060 stores.
Shares of The AES Corporation (NYSE:AES), inclined 5.75% to $13.06, during its last trading session.
Miami Valley Lighting (MVLt), a partner of The AES Corporation and DPL Inc., has redesigned its website for government and commercial customers to provide more features for an improved online experience.
Since 1985, Miami Valley Lighting has been providing innovative street and outdoor lighting solutions to meet the higher efficiency and environmentally conscious needs of area governments and commercial customers. Presently, Miami Valley Lighting is responsible for more than 60,000 lights in West Central Ohio.
The new website, developed by Dayton-based The Ohlmann Group, is mobile friendly through a wide range of devices.
Miami Valley Lighting’s new website delivers information at a customer’s fingertips to assist in making informed decisions about lighting for improved safety, security and cost savings.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
Finally, Parsley Energy, Inc. (NYSE:PE), ended its last trade with 4.30% gain, and closed at $16.25.
Parsley Energy declared financial and operating results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Parsley raised net production to 22.2 MBoe/d, an enhance of 18% over Q1 2015 and up 59% year-over-year.
- The Company is raising full-year 2015 production guidance for the second successive quarter, up from a range of 20-21.5 MBoe/d to a range of 21.5-22.5 MBoe/d.
- Parsley raised adjusted EBITDAX (as defined herein) by 48% quarter-over-quarter to $53.4 million in Q2 2015.
- The Company placed five Wolfcamp B wells on production in the second quarter—three in Upton County and two in Reagan County—with an average initial production rate of 189 Boe/d per thousand accomplished feet, expanding Parsley’s portfolio of strong Wolfcamp wells.
- The average 180-day cumulative production of all of Parsley’s Wolfcamp A and Wolfcamp B wells with sufficient data is above that implied by the 1 MMBOE EUR type curve the Company published last quarter, registering 131 MBOE when normalized to 7,000 accomplished feet.
- Parsley has reduced horizontal drilling times by 30% over the last two quarters even as lateral lengths have raised by 18% over the same timeframe.
- Faster drilling should enable the Company to complete 10 more horizontal wells this year than originally planned. Parsley now intends to complete 45-50 gross horizontal wells in 2015, up from the preceding guidance range of 35-40 gross horizontal wells. The Company is presently running four horizontal rigs and plans to do so through the end of the year.
Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin located in West Texas and Southeastern New Mexico.
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