On Tuesday, Shares of SandRidge Energy, Inc. (NYSE:SD), gained 4.98% to $0.54, as Global crude prices rose from multi-month lows on Tuesday, assisted by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude’s rebound unlikely to hold, traders and analysts said, according to Reuters.
Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions, a day after Monday’s 5 percent rout triggered by weak factory activity in China. Reuters Reports
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States.
Shares of Visa Inc. (NYSE:V), declined -0.66% to $75.27, during its last trading session.
Visa declared the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa declared mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).
Visa’s new 100,000 square feet technology center is part of the Bagamne World Technology Center, a 70-acre campus in the heart of India’s IT corridor. The center is a combination of office and partnership spaces that will be the home for 1,000 Visa developers. This team is tasked with making it easy for application developers to access Visa’s 400 payment products and services in order to build their own payment experiences that can work across a broad range of connected devices. This center is one of several facilities planned by Visa in the U.S. and Asia, and is part of a global strategy to transform Visa’s global processing network into an open commerce platform.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Finally, The Mosaic Company (NYSE:MOS), ended its last trade with 2.85% gain, and closed at $43.98.
The Mosaic Company stated second quarter 2015 net earnings of $391 million, contrast to $248 million in the second quarter of 2014. Earnings per diluted share were $1.08 in the quarter contrast to $0.64 last year. Notable items positively influenced current quarter earnings per share by $0.03. Mosaic’s net sales in the second quarter were $2.5 billion, up from $2.4 billion in sales last year. Operating earnings during the quarter were $510 million, up from $403 million a year ago. The year-over-year change was driven by higher phosphates operating earnings primarily as a result of higher sales volumes, and higher potash operating earnings as a result of higher realized prices and benefits from lower operating costs, partially offset by higher Canadian resource taxes.
As formerly declared, James C. “Joc” O’Rourke, presently Mosaic’s Executive Vice President and Chief Operating Officer, will succeed Mr. Prokopanko as President and CEO on August 5, 2015. Mr. Prokopanko will remain in an advisory role until his planned retirement in January 2016.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida.
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