During Thursday’s Afternoon trade, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -0.26% to $3.80.
Sirius XM, and FOX News declared the launch of FOX News Headlines 24/7, a new national headline news service and full-time satellite radio channel produced by a dedicated team of FOX News journalists and contributors. The channel, part of a multi-year agreement, will launch in the fall of 2015 to all SiriusXM subscribers on channel 115.
Staffed 24 hours a day, 7 days a week and 365 days a year, FOX News Headlines 24/7 on SiriusXM will deliver the day’s top stories at any time. FOX News Senior Vice President of News Jay Wallace will oversee operations of the new channel, in addition to his current responsibilities managing news at FNC.
Utilizing the resources of FOX News, FOX Business Network, FOX News Radio, Foxnews.com, and Foxbusiness.com the new channel will be continuously updated with headlines, breaking news, on-scene reporting, business news, politics, entertainment, sports, and more. SiriusXM listeners will be able to access breaking news throughout their day wherever they listen to SiriusXM, whether in the vehicle, or via the SiriusXM app or online at siriusxm.com.
In commenting on the declaration, FOX News Chairman & CEO Roger Ailes said, “By creating this new news offering, we’re aiming to provide FOX News viewers and satellite radio subscribers the opportunity to stay informed with the latest headlines and breaking news from the network they have come to rely on and trust.”
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Magnum Hunter Resources Corp. (NYSE:MHR), inclined 5.71% to $1.85, during its current trading session.
On June 19, Magnum Hunter Resources Corporation, declared that it has received an extension from the Company’s existing lending group under its senior secured revolving credit facility with respect to the Company’s formerly revealed minimum capital raising obligation. The timeline for satisfying the capital raising obligation has now been extended from June 19, 2015 to July 10, 2015. The capital raising obligation, which requires the Company to raise $65 million of aggregate net cash proceeds from certain specified transactions, arose following a previous amendment to the Company’s senior secured revolving credit facility.
Recently, Magnum Hunter declared that Triad Hunter, LLC, a wholly owned partner of the Company, had closed on the formerly declared definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia. At that closing, the Company received consideration of about $33.6 million in cash. The ultimate consideration to be received is subject to post-closing adjustments for any title defects and for remediation of asserted title defects, which adjustments are anticipated to enhance the ultimate cash sales price to $35.0 to $40.0 million on or before July 15, 2015. Additionally, Magnum Hunter has already accomplished about $22.0 million of other capital transactions. Therefore, to date, a total of $55.6 million has already been raised. Magnum Hunter continues to work on other potential liquidity enhancing transactions in order to satisfy these capital raising obligations and to enhance the Company’s overall liquidity position. The Company refers investors to its recent public filings with the Securities and Exchange Commission for a more complete description of these potential liquidity enhancing transactions that total in excess of $200 million.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
Finally, Best Buy Co., Inc. (NYSE:BBY), gained 0.34%, and is now trading at $34.04.
Best Buy’s Geek Squad declared the launch of the ninth Geek Squad Academy summer program. This grassroots tech experience inspires under-served teens to consider technology careers and assist address the nation’s widely-anticipated professional labor shortage.
According to the Change the Equation, a group of Fortune 500 companies that encourages students to pursue STEM (science, technology, engineering and math) careers, the American workforce is still failing to pursue different fields. The lack of broad representation in these high-demand areas threatens the U.S. economy by creating a competitive advantage for other countries.
Conducted in partnership with non-profit organizations such as the Boys & Girls Clubs of America, Junior Achievement and Young Adult Library Services Association, Geek Squad Academy classes are designed by Geek Squad Agents to demystify technology and ignite a passion for technology through fun and inspiring hands-on learning. At this year’s sessions, students will explore the ins and outs of technology through subjects like digital citizenship, film production, computer programming and robotics, in addition to 3D printing and circuitry.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
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