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Sunday 26 July 2015
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Latest Update

Active Stocks Under Review: AT&T, Inc. (NYSE:T), Hertz Global Holdings, Inc. (NYSE:HTZ), Enterprise Products Partners L.P. (NYSE:EPD)

On Wednesday, Shares of AT&T, Inc. (NYSE:T), lost -0.87% to $34.27.

It’s “Christmas in July” for AT&T U-verse® TV customers. Tomorrow, Crown Media Family Networks and AT&T launch Hallmark Channel and Hallmark Movies & Mysteries on AT&T U-verse TV.

“This agreement is a winning deal for AT&T U-verse customers,” said Bill Abbott, president & CEO, Crown Media Family Networks. “They now have access to our two distinct channels and some of the best, most compelling family entertainment on television. We look forward to a long and fruitful relationship with AT&T.”

Hallmark Channel will be on channels 365 and 1365 in HD in the U-family and U200 and above packages. Hallmark Movies & Mysteries will be on Channels 366 and 1366 in HD in the U-family and U300 and above packages. And in the next week, the channels will also be on the U-verse App for tablets and smartphones and on Uverse.com. With the U-verse App, customers will be able to catch live Hallmark content on their mobile devices even when they’re on the go.

The agreement comes at a pivotal time in Crown Media’s evolution. Both networks are registering unprecedented growth. Additionally, both networks are rapidly expanding their lineup of original shows. Hallmark Channel will feature a diverse and extensive slate of original programs in 2015. The channel will offer 40 world premiere movies, three original prime-time scripted series and three annual pet-related specials. Plus, Hallmark extended its daily lifestyle series, Home & Family, to 52 weeks a year.

AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), inclined 1.18% to $17.99, during its last trading session.

The Hertz Corporation declared that Jim Mueller has been designated Senior Vice President for International Sales, Marketing and Revenue Administration effective July 21, and will be based at Hertz’s international headquarters office outside of London. Mr. Mueller will report functionally to Jeffrey Foland, Senior Executive Vice President and Chief Revenue Officer, and operationally to Michel Taride, Group President, Rent a Car International.

Mr. Mueller will be responsible for Hertz Rent a Car international sales and marketing activity, revenue administration (pricing) and ancillary revenues.

“Jim has a proven record of executing successful international sales strategies and will take responsibility for driving the quality of our international revenues in addition to our global sales and revenue administration strategies into our international markets,” said Jeff Foland.

Michel Taride added: “We are happy to have Jim join the organization with his breadth of travel industry experience in global markets and success in integration of multi-brands.”

Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.

Finally, Enterprise Products Partners L.P. (NYSE:EPD), ended its last trade with -1.96% loss, and closed at $27.55.

Enterprise Products Partners, declared a series of projects to convert and expand segments of its petrochemicals pipeline network designed to enhance throughput capacity for polymer grade propylene (“PGP”) and enhance system flexibility and reliability.

  • North Dean pipeline conversion and expansion – The 149-mile pipeline will be converted from refinery grade propylene (“RGP”) service to PGP service. The conversion is planned for completion in January, 2017. Originating at Enterprise’s Mont Belvieu, Texas complex, the converted pipeline will serve petrochemical facilities as far south as Seadrift, Texas in Calhoun County. Construction of a 33-mile lateral pipeline, new metering stations and additional pumping capacity will accommodate the additional volumes and enhance total PGP delivery capacity to more than 150,000 barrels per day.
  • Lou-Tex propylene pipeline conversion – The 263-mile, bi-directional pipeline, which presently transports chemical grade propylene (“CGP”) between Sorrento, Louisiana and Mont Belvieu, will be converted to PGP service. The conversion is planned for completion in 2020.
  • RGP pipeline and rail terminal expansion – Construction of a new 65-mile, 10-inch diameter pipeline, which will transport RGP between Sorrento and Breaux Bridge, Louisiana, is planned for completion in early 2017. Rail receipt facilities at Mont Belvieu are also being expanded to give Enterprise the capability to unload up to 100 RGP rail cars per day.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.

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