On Friday, Shares of SeaDrill Limited (NYSE:SDRL), lost -3.70% to $9.38, as U.S. oil futures posted their biggest weekly decline Friday since March amid concerns about a continued oversupply of crude oil and potential weaker demand from the eurozone and China.
Light, sweet crude for August delivery settled down 4 cents, or 0.1%, at $52.74 a barrel on the New York Mercantile Exchange. The contract lost 7.4% this week, the biggest one-week drop since March, according to WSJ.
Today, oil prices dropped as Iran and global powers appeared close to a historic deal that would loosen sanctions in exchange for curbs on Tehran’s nuclear program. CNN Reports.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Shares of International Business Machines Corporation (NYSE:IBM), inclined 1.89% to $166.95, during its last trading session.
International Business Machines Corporation, declared that Network Ten, an Australian commercial broadcasting network, has successfully implemented the Aspera On Demand (AOD) solution from Aspera, an IBM company, for cloud-based delivery of promotional content for the inaugural Australian spinoff of the television show I’m a Celebrity… Get Me Out of Here!
Over the course of three months, Network Ten needed to move large content packages containing clips and other promotional materials each day from the shooting location in South Africa to Network Ten’s editors in Sydney, Australia. However, the show’s distant and isolated filming location in the South African jungle posed some major challenges for the broadcaster, requiring editors to deliver large video files intercontinentally over poor network conditions and with a lack of infrastructure that was not conducive to file transfer.
Despite the difficult circumstances, Aspera’s patented FASP(R) technology was able to achieve the fast, stable and secure transfer of promos to Network Ten’s headquarters in Sydney after each day of filming wrapped up. Up to 10 files per day were delivered via Aspera, with each file reaching 20 to 60 GB.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Finally, Apollo Global Management, LLC (NYSE:APO), ended its last trade with 1.72% gain, and closed at $21.85.
Apollo Global Management, declared that it plans to release its financial results for the second quarter of 2015 on Wednesday, July 29, 2015, before the opening of trading on the New York Stock Exchange. Administration will host a conference call to review Apollo’s financial results on the same day at 10:00 a.m. ET. The conference call may be accessed by dialing (888) 868-4188 (U.S. domestic) or +1 (615) 800-6914 (international), and providing conference call ID 76916139 when prompted by the operator.
Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, in addition to other institutional and individual investors. The firm manages client focused portfolios. It launches and manages hedge funds and mutual funds for its clients.
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