On Tuesday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), lost -0.92% to $80.65.
Tmall.com, declared it has launched a RMB 1 billion ($161 million) online grocery promotional campaign targeted at Beijing users, and teamed up with Cainiao, the logistics associate of Alibaba Group, to offer same-day delivery services to Beijing city residents.
Online grocery shopping is a rapidly growing e-commerce segment and a planned area of interest for Alibaba Group. The convenience of online grocery shopping has already drawn in millions of users. According to Kantar Worldpanel, China’s FMCG (fast moving consumer goods) e-commerce penetration rate was 36 percent in 20141, while McKinsey states that 40 percent of Chinese consumers have bought food online.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Anadarko Petroleum Corporation (NYSE:APC), inclined 4.16% to $72.90, during its last trading session.
Anadarko Petroleum Corporation, declared its financial and operating results for the second quarter of 2015, counting net income attributable to common stockholders of $61 million, or $0.12 per share (diluted). These results comprise certain items typically excluded by the investment community in published estimates, which in the aggregate raised net income by $57 million or $0.11 per share (diluted).(1) Net cash flow from operating activities in the second quarter of 2015 was $1.243 billion, and discretionary cash flow from operations totaled $1.373 billion.
HIGHLIGHTS
- Raised year-over-year oil sales volumes by 42,000 barrels per day, adjusted for divestitures(3)
- Achieved large-scale project milestones in the Gulf of Mexico and Mozambique
- Declared deepwater exploration success in a frontier basin offshore Colombia
- Declared more than $1.7 billion of monetizations year to date
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.
Finally, Pentair plc. Ordinary Share (NYSE:PNR), ended its last trade with 1.19% gain, and closed at $59.45.
Pentair plc, declared second quarter 2015 sales of $1.7 billion. Sales were down 9 percent contrast to sales for the same period last year. Adjusted second quarter 2015 earnings per diluted share from ongoing operations (“EPS”) were $0.96, down 6 percent from adjusted EPS of $1.02 in the second quarter of last year. On a GAAP basis, the company stated EPS of $0.84 contrast to EPS of $0.81 in the second quarter of 2014. Amounts excluded from adjusted EPS, adjusted operating income and segment income are described in the attached plans.
“We had a solid quarter, but we are not satisfied with our results,” said Randall J. Hogan, Pentair Chairman and Chief Executive Officer. “Many of our served markets, especially those in energy and industrial, remain challenged and we do not expect them to recover in the second half of the year. We will continue to aggressively manage our cost structure and drive productivity to work through our near-term challenges. We are also ongoing to invest in our high-performing Technical Solutions and Water Quality Systems segments where we see planned organic and inorganic growth opportunities. We are confident these actions will position Pentair`s portfolio for long-term growth and value creation.”
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through Valves & Controls, Technical Solutions, Flow & Filtration Solutions, and Water Quality Systems segments.
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