On Tuesday, Shares of eBay Inc (NASDAQ:EBAY), gain 1.20% to $25.23.
eBay Motors, a leading vehicle, parts and accessories destination, in partnership with Assurant Solutions, a provider of specialty protection products and services, recently declared that eBay will be offering all US buyers access to take part in the Assurant Protection Plan. Through the plan, eBay Motors shoppers can purchase extended service contracts on new, used, and refurbished automotive parts and accessories.
“At eBay, our customers are top of mind, and we are continually looking for ways to assist improve the buying and selling process on eBay,” said Sree Menon, general manager, eBay Motors. “When shopping for auto parts & accessories, we’ve found that online shoppers are looking for warranties and guarantees, which will enable them to shop with a higher level of confidence. In partnership with Assurant Solutions, we’re giving customer’s peace of mind when shopping on eBay for parts & accessories – regardless if it’s a new or used item. Coupled with our current Vehicle Protection Program, customers will now have an extra layer of protection to facilitate worry-free shopping.”
eBay Motors is dedicated to being the leading vehicle, parts and accessories destination, where shoppers can discover and purchase virtually any vehicle they want or parts that they need to modify, repair and personalize their rides. At any given time on eBay Motors, there are about 49 Million parts and accessories accessible for sale – and, three parts or accessories are sold every one second.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of SandRidge Energy Inc (NYSE:SD), inclined 5.35% to $0.431, during its last trading session.
SandRidge Energy Inc, declared that the Company has reached privately negotiated purchase and exchange agreements under which it will repurchase $250 million aggregate principal amount of its senior unsecured notes for $94.5 million cash and exchange $275 million of notes into new convertible notes.
James Bennett, President and CEO, commented, “We are very happy with the execution of this transaction and its effect on the Company’s financial position. This represents a noteworthyfirst step in reducing SandRidge’s debt and improving our balance sheet. In this transaction we addressed $525 million of senior unsecured debt, by repurchasing senior unsecured notes at a substantial discount to face value, also right away eliminating about $19 million in annual interest expense, and modifying additional outstanding debt to convert into equity at a noteworthy premium to the current share price.”
The New Convertible Notes will be guaranteed by the same guarantors that guarantee the outstanding senior notes of the Company. Each series of New Convertible Notes will be subject to covenants and bear payment terms substantially identical to those of the corresponding outstanding series of senior notes of similar tenor, other than the conversion provisions and the extension of the final maturity date by one day.
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. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services. The Exploration and Production segment explores for, develops, and produces oil and natural gas properties; and operates wells.
Finally, Navios Maritime Partners L.P. (NYSE:NMM), ended its last trade with 1.70% gain, and closed at $7.16.
Navios Maritime Partners L.P, stated financial results for the second quarter and six months ended June 30, 2015.
Angeliki Frangou, Chairman and Chief Executive Officer, stated, “We are happy to report revenue of $119.8 million and EBITDA of $32.7 million for the second quarter of 2015. We also declared a $0.06 dividend per share, representing a yield of 7.5%. We are one of the few companies that has consistently returned capital to our investors, whether through dividends or stock repurchases, even during volatile market periods.”
Angeliki Frangou continued, “Our chartering is benefiting from a dry bulk recovery. We practiced a structural low in the first quarter of 2015, during which time the spot market rates were below operating costs and the period charter market was non-existent. We thought this to be a rare event, unlikely to be sustained. During the second and third quarters of 2015, charter rates improved across all dry bulk asset classes, although charter rates remain well below long-term averages.”
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Europe, Asia, North America, and Australia. It provides seaborne transportation services for a range of drybulk commodities that comprise iron ore, coal, grain, and fertilizers, in addition to charters its vessels under medium to long-term charters.
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