During Tuesday’s afternoon trade, Shares of Lumber Liquidators Holdings Inc (NYSE:LL), gain 0.87% to $20.92.
Lumber Liquidators Holdings Inc (LL) declared that it has decided to stop the sale of laminated flooring products imported from China.
Lumber Liquidators has been in troubled waters since a report aired on “60 Minutes” on Mar 1, which accused the company of selling Chinese flooring laminates containing formaldehyde levels that do not meet California emissions standards.
Last month, the company declared that it would suspend the sale of these products until the board committee finished its assessment of its sourcing compliance program. It has finally decided to stop selling these products altogether.
In May, the company’s CEO Robert. M. Lynch had unpredictable quit without any explanation. Lynch’s resignation came after CFO Daniel Terrell’s decision to step down.
Earlier this week, the company also terminated and replaced its Chief Merchandising Officer, William K. Schlegel.
Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. It primarily offers solid and engineered hardwood products; laminate floorings; bamboo floor products, cork floorings, and vinyl plank flooring; wood flooring moldings; butcher block kitchen countertops, and staircase treads and risers; and accessories, such as sealers, adhesives, and underlayments, in addition to flooring tools and floor cleaning supplies.
Shares of Autodesk, Inc. (NASDAQ:ADSK), inclined 0.74% to $53.23, during its afternoon trading session.
Autodesk, Inc. (ADSK) declared the availability of the new Autodesk Design Academy iTunes U course, marking the first time the company has shared its portfolio of curricula resources through iTunes U. Developed by educators and subject matter experts across the globe, the Autodesk Design Academy provides hundreds of standards-aligned class projects to support design-based disciplines in science, technology, engineering, arts and mathematics (STEAM) while using Autodesk’s professional-grade 3D design, engineering and entertainment software used in industry, assisting students develop 21st century skills and prepare for future careers.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration. Its Platform Solutions and Emerging Business segment offers AutoCAD software, a computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT, a professional drafting and detailing software.
Pioneer Natural Resources (NYSE:PXD), during its Tuesday’s afternoon trading session gained 0.48% to $137.21.
Pioneer Natural Resources Company (PXD) declared that Mona K. Sutphen and Michael D. Wortley have been designated to its Board of Directors, effective right away. Ms. Sutphen and Mr. Wortley will serve as independent directors under the board’s appointment for initial terms that expire at Pioneer’s annual meeting of stockholders in 2016.
Ms. Sutphen is a Partner at Macro Advisory Partners LLP, and formerly spent three years at UBS AG as Managing Director, covering geopolitical risk and macro-policy trends. From 2009 through 2011, she served as White House Deputy Chief of Staff for Policy for President Obama, working on a range of domestic and international policy and regulatory matters. Prior to that position, she was Managing Director at Stonebridge International, and from 1991 through 2000 was a career diplomat, serving on the staff of the National Security Council, the U.S. Mission to the UN and postings in Asia and Europe.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle. As of December 31, 2014, the company had proved undeveloped reserves and proved developed reserves of about 89 MMBbls of oil, 42 MMBbls of NGLs, and 317 billion cubic feet of gas; and owned interests in 6 gas processing plants and 8 treating facilities.
Finally, Youku Tudou Inc (ADR) (NYSE:YOKU), gained 1.43%, to $20.63.
Youku Tudou Inc (ADR) (YOKU) declared recently a new milestone in its IP-focused pan-entertainment strategy. A popular TV series The Journey of Flower, now being broadcast on the Youku Tudou platform simultaneously with TV, has generated over 1.8 million downloads for its mobile game since its release on June 25 and a record level of revenue for a single game at Youku Tudou.
The Journey of Flower is the latest success story in Youku Tudou’s initiatives to enhance user stickiness and drive value by leveraging a single IP to create multi-format entertainment products. Through its dedicated Cloud Entertainment BU, Youku Tudou is able to connect fans across domains leveraging its position as the leading online video platform in China. The total cumulative views of The Journey of Flower now stand at over 1.1 billion, with more than half of the series still remaining. This is the fastest TV series to surpass 100 million cumulative video views in Youku Tudou’s TV series history. Since venturing into mobile gaming, Youku Tudou now jointly operates over 1,500 games with over 150 mobile game operators and has already driven a total of over 200 million mobile game downloads.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices. The company’s services for users comprise online video content library comprising primarily of professionally produced content, counting television serial dramas, movies, current event reports, variety shows, and music videos.
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