On Wednesday, Shares of Kinder Morgan, Inc. (NYSE:KMI), lost -1.34% to $35.36.
Kinder Morgan declared that its board of directors authorized KMI’s partner, Tennessee Gas Pipeline Company (TGP), to proceed with TGP’s Northeast Energy Direct (NED) project’s “market path” segment from Wright, New York, to Dracut, Massachusetts, a $3.3 billion investment designed to serve natural gas utilities and electricity generation customers in New England. NED is designed to supply a critical energy resource, domestically produced, abundant and clean natural gas, to assist alleviate New England’s uniquely high natural gas and electricity costs caused by the severely limited natural gas transportation capacity presently serving the region. NED will be an extension off of KMI’s existing TGP pipeline, which has safely delivered natural gas to New England since the 1950s.
According to the independent electric system operator ISO New England, New Englanders paid over $7 billion more for electricity during the winters of 2013/14 and 2014/15 than what they paid for electricity during the winter of 2011/12, largely as a result of the existing lack of pipeline capacity servicing the region. Independent studies have concluded that the New England region will require 2 Bcf/d of gas capacity over the coming years. NED is indispensable to meet these existing and future supply requirements. NED will assist to lower natural gas and electricity costs by providing additional scalable transportation capacity attached to low cost, nearby domestic and abundant natural gas that is already accessible to and benefiting other regions of the United States.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Shares of Nuance Communications, Inc. (NASDAQ:NUAN), inclined 6.51% to $18, during its last trading session.
Nuance Communications, declared that the Company will release results for its third quarter ended June 30, 2015, after the market close on Thursday, August 6, 2015.
Nuance will provide a copy of prepared conference call remarks in combination with its press release. This process and these remarks are offered to provide shareholders and analysts additional time and detail for analyzing Nuance’s results.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.
Finally, Wilshire Bancorp Inc. (NASDAQ:WIBC), ended its last trade with 3.39% gain, and closed at $12.50.
Wilshire Bancorp, stated net income of $15.6 million, or $0.20 per diluted common share, for the quarter ended June 30, 2015. This compares to net income of $14.7 million, or $0.19 per diluted common share, for the same period of the preceding year, and net income of $18.6 million, or $0.24 per diluted common share, for the first quarter of 2015.
Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, “We continued to generate a high level of profitability by focusing on our core competencies, delivering outstanding service to our customers, and maintaining stable credit quality. Our profitability enabled us to enhance our quarterly cash dividend paid on July 15, 2015 by 20% to $0.06 per share while still maintaining sufficient capital to support organic and external growth strategies.
“We are making good progress in integrating and ramping-up our expanded residential mortgage lending group, which generated $90 million in loan production during the second quarter. We had a solid quarter of loan production across our other major lending areas and continue to maintain a healthy pipeline of quality lending opportunities,” said Mr. Yoo.
Wilshire Bancorp, Inc. operates as the holding company for Wilshire Bank that offers a range of financial products and services. The company operates in three segments: Banking Operations, Small Business Administration Lending Services, and Trade Finance Services.
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