During Tuesday’s Afternoon trade, Shares of Northern Tier Energy LP (NYSE:NTI), gain 1.13% to $27.80.
Northern Tier Energy LP and its auxiliaries (NTI) stated second quarter 2015 Net Income of $128.9 million, contrast to $57.9 million for second quarter 2014. Results for the 2015 quarter comprised of a $38.2 million non-cash lower of cost or market (“LCM”) inventory adjustment benefit. Adjusted Net Income, which excludes the LCM adjustment and other special items, was $90.7 million for second quarter 2015, contrast to $61.4 million for the preceding year quarter. Adjusted EBITDA for second quarter 2015 was $116.7 million (not taking into account the LCM adjustment) contrast to $82.1 million for second quarter 2014, primarily due to higher gross margins per barrel, together with higher throughput. A reconciliation of stated earnings to various non-GAAP performance measures can be found in the accompanying tables.
Northern Tier Energy LP, an independent downstream energy company, engages in refining, retail, and pipeline operations in the United States. It operates through two segments, Refining and Retail. The Refining segment offers refined products, counting gasoline, diesel, jet fuel, and asphalt to resellers and consumers primarily in the Petroleum Administration for Defense District II region.
Shares of BorgWarner Inc. (NYSE:BWA), inclined 0.36% to $46.96, during its Afternoon trading session.
BorgWarner provides its award-winning regulated two-stage (R2S®) turbocharging technology for Volkswagen’s new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class. Providing an output of 240 HP (176 kW) and a maximum torque of 369 lb.-ft. (500 Nm), it achieves an average fuel economy of 44 mpg (5.3 liters/100 km). Powered by BorgWarner’s optimized turbocharging technology, the diesel engine debuted in the VW Passat and sets new standards for efficiency and performance.
BorgWarner’s R2S turbocharging system comprises of two series-connected turbochargers and features a variable turbine geometry (VTG) turbocharger for the high-pressure stage combined with a larger B03 water-cooled turbocharger optimized for low-pressure exhaust gas recirculation (LP EGR). The low-pressure EGR is captured downstream of the exhaust emission control system and then mixed with the fresh air upstream of the compressor of the low-pressure stage. BorgWarner uses a special protective coating on the turbocharger compressor wheel to withstand the extreme loads and the corrosive particles. Controlled by an electric actuator, BorgWarner’s VTG turbocharger responds quickly at low engine speeds, resulting in a rapid rise in boost pressure for nearly instant acceleration. As the engine speed enhances, both turbochargers work together, gradually shifting to the larger, low-pressure turbocharger. At higher engine speeds, all of the gases flow directly to the larger B03 turbocharger, maintaining smooth power delivery at higher speeds. By combining two series-connected turbochargers of different sizes, BorgWarner’s R2S technology provides high boost pressures over the entire engine speed range.
BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology. This segment also provides electric air pumps; turbo actuators; and exhaust gas recirculation coolers, tubes, and valves for gasoline and diesel applications.
Solera Holdings Inc (NYSE:SLH), during its Tuesday’s Afternoon trading session gained 5.37% to $48.26.
Solera Holdings, Inc. (SLH) declared it has attained Autodata B.V. (“Autodata”), a leading provider of vehicle valuation, inventory administration and workflow software for automotive dealers and leasing companies in the Netherlands.
Autodata’s fully integrated suite of vehicle valuation, inventory administration and marketing services provides data on about one in every four pre-owned cars for sale in the Dutch marketplace. In addition to enhancing its customer value proposition, Solera plans to leverage Autodata’s proprietary data to establish a standardized vehicle valuation methodology across Europe. Autodata’s solutions will also be integrated with Solera’s risk and asset administration solutions that bring together property insurers, auto dealers, vehicle mechanics, car manufacturers and consumers into one digital marketplace.
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.
Finally, Humana Inc (NYSE:HUM), gained 0.91%, to $191.58.
Premier Health, the largest health system in Southwest Ohio, and Humana Inc. (HUM), one of the country’s leading health and well-being companies, declared that they have teamed up on a new value-based agreement that will focus on improving health and wellness for about 30,000 Medicare Advantage members in the Miami Valley.
The value-based agreement reflects a shift away from the current episodic health care model to a value-based model that emphasizes quality and patient care experiences. The accountable care approach aligns Premier Health’s and Humana’s complimentary population health capabilities, counting predictive analytics, chronic disease administration and wellness programs.
Humana’s growing Medicare Advantage population throughout Southwest Ohio will have access to Premier Health’s leading network of integrated primary care and specialty physicians, hospitals, health centers, and outpatient centers at over 100 sites of service.
Humana Inc., together with its auxiliaries, operates as a health and well-being company. The company operates through three segments: Retail, Group, and Healthcare Services. The Retail segment provides Medicare and commercial fully-insured medical and specialty health insurance benefits, counting dental, vision, and other supplemental health and financial protection products directly to individuals.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
