On Friday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -0.13% to $7.49, after Moody’s said that the company’s cash margins in 2016 will be hurt by high gathering and transportation costs (G&T).
These costs pertain to gathering, compressing, treating, and transporting fuel, the credit reporting agency stated.
The company is at a disadvantage contrast to its peers whose G&T costs are not as high. On top of that, sliding oil prices are also adding to the company’s concerns, the agency noted.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of Tyson Foods, Inc. (NYSE:TSN), inclined 0.47% to $42.50, during its last trading session.
Tyson Fresh Meats, a partner of Tyson Foods, Inc. (TSN) is reducing its beef production capacity due to a continued lack of accessible cattle. Effective recently, the company will permanently cease beef operations at its plant in Denison, Iowa, to better align its overall production capacity with current cattle supplies.
The by-product rendering system at the Denison plant will continue operations. It will process by-products from other Tyson locations and will employ about 20 people.
The 400 workers affected by the end of beef production at Denison are being given an opportunity to apply for jobs at other Tyson locations. In fact, the company is offering financial incentives to hourly workers who qualify for production openings at the company’s Lexington, Nebraska, beef plant.
Even though they will no longer be on the job, eligible displaced workers will receive 60 days of pay, as required by the Worker Adjustment and Retraining Notification (WARN) Act.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
Finally, Intuit Inc. (NASDAQ:INTU), ended its last trade with 0.69% gain, and closed at $105.62.
An estimated 7.6 million Americans will be regularly working as providers in the on-demand economy by 2020, more than doubling the current total of 3.2 million, according to a new study and forecast from Intuit Inc. (NASDAQ:INTU) and Emergent Research.
The study also found that:
- 79 percent of existing on-demand providers said their on-demand activity is part-time.
- The on-demand labor market will grow by 18.5 percent a year over the next five years.
Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. The company’s Small Business segment provides QuickBooks financial and business administration online services and desktop software; QuickBooks technical support services; financial supplies; and small business payroll products and services.
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