During Tuesday’s afternoon trade, Shares of Coty Inc. (NYSE:COTY), surged 17.80% to $30.69, hitting its highest level.
Coty Inc., declared that it has added Paul S. Michaels, former Global President of Mars, Incorporated, to the company’s Board of Directors.
Paul S. Michaels will bring extensive consumer goods experience to Coty. During his time at Mars, he led efforts to strengthen the company’s portfolio of businesses through brand revitalization and product innovation. Paul S. Michaels and his team are credited with achieving record growth by refocusing Mars on its core business, emphasizing operational efficiency and developing a high-performance culture.
Paul S. Michaels began his career at The Procter & Gamble Company and later moved to Johnson & Johnson, where he spent 15 years building many of the company’s flagship brands. This comprised of building and positioning as global leaders Johnson & Johnson’s health and beauty products such as Band-Aid Brand Adhesive Bandages, REACH Toothbrushes and JOHNSON’s Baby Shampoo, among others.
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes women’s and men’s fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care.
Shares of United Technologies Corporation (NYSE:UTX), inclined 0.31% to $114.96, during its current trading session.
UTC Aerospace Systems has extended its Comprehensive Accessory Repair and Exchange (C.A.R.E.) program with Japan Airlines to comprise an additional 10 Boeing 787 aircraft added to the airline’s fleet. Under the C.A.R.E. program, UTC Aerospace Systems provides asset administration and repair services for components on the Boeing 787 operated by Japan Airlines. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).
With the C.A.R.E. program expansion, UTC Aerospace Systems will provide inventory support and maintenance, repair and overhaul (MRO) services for a total of 45 Boeing 787 aircraft counting 25 B787-8 and 20 B787-9. The B787-9 will be introduced to Japan Airlines’ fleet in June 2015.
Products supported under the agreement comprise the electric power system, air administration system, nitrogen generation system, emergency power system, and primary and remote power distribution systems of JAL’s 787 fleet. The initial C.A.R.E. program with JAL started in 2012 and will be in effect until 2025.
UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base, with noteworthy worldwide manufacturing and customer service facilities.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Finally, Halcón Resources Corporation (NYSE:HK), lost -0.81%, and is now trading at $1.22, despite U.S. crude prices edged up on Tuesday as a tropical storm approached the oil-producing state of Texas, but global oversupply curbed gains and kept Brent futures little changed.
U.S. July crude was up 35 cents at $59.87 a barrel at 11:18 a.m. EDT (1518 GMT), having reached $60.37.
Brent front-month August crude was down 5 cents at $63.90, off its $64.41 intraday peak and near its 50-day moving average of $64.01, Reuters Reports.
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
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