During Friday’s Morning trade, Shares of Navistar International Corp (NYSE:NAV), gained 6.08% to $8.47.
Navistar International Corporation, declared a fourth quarter 2015 net loss of $50 million, or $0.61 per diluted share, contrast to a fourth quarter 2014 net loss of $72 million, or $0.88 per diluted share. Revenues in the quarter were $2.5 billion.
Fourth quarter 2015 EBITDA was $86 million as contrast to EBITDA of $66 million in the same period one year ago. This year’s fourth quarter comprised $69 million in restructuring-related and impairment charges; $40 million in pre-existing warranty adjustments; and $14 million in debt refinancing fees and costs. As a result, adjusted fourth quarter 2015 EBITDA was $209 million, equating to a fourth quarter adjusted EBITDA margin of 8.4 percent.
Revenues in the quarter declined 17 percent contrast to fourth quarter 2014. Higher Class 6/7 medium and bus charge outs in the company’s Core (U.S. and Canada) market were more than offset by reduced volumes in the company’s export and global operations, lower Class 8 truck charge outs in its Core market, and Navistar’s exit earlier this year from the Blue Diamond Truck joint venture.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
Shares of NRG Energy Inc (NYSE:NRG), inclined 4.10% to $9.91, during its current trading session.
Eight distinguished Houston-area high school students were honored by Reliant and the Houston Texans at an on-field ceremony at NRG Stadium for the annual “Scholarship for Champions” program, recognizing their academic achievement, athleticism, leadership and community contributions. These students juggle personal routines, school assignments, sports and other commitments every day, focusing on creating opportunities for themselves in the face of exceptional challenges.
Created from a partnership between Reliant and the Texans, the Scholarship for Champions program celebrates each athlete’s academic performance, values and dedication to his or her community and sports team with a $5,000 scholarship. All winners play on varsity teams, while maintaining a minimum 3.0 grade point average, and plan to pursue a college degree.
“If you want to see inspiring students in action, look no further than our annual Scholarship for Champions honorees. These young individuals exemplify strength and character in overcoming the odds to succeed on and off the field,” said Elizabeth Killinger, president of NRG Retail and Reliant. “Each of these students is a leader in their classrooms and communities, and Reliant is proud to support them as they prepare for their next great accomplishments in their studies and future careers.”
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
Finally, Net Element International Inc (NASDAQ:NETE), gained 2.22%, and is now trading at $0.230.
Net Element, declared that PayOnline’s CEO, Marat Abasaliev, shared his perspective regarding the launch of Russian National Payment Card System (“Mir”) and talked about the history and launch of national payment systems in other markets. This broadcast was featured live on OTR, one of the main national television channels in Russian Federation.
Russia issued its first electronic payment cards on December 15, 2015, aiming to boost its financial independence and compete with international payment systems such as Visa® and MasterCard®. Russian National Payment Card System — branded Mir, which means “peace” or “world” in Russian — gained momentum after Russia’s parliament passed a law to create a National Payment Card System. The Russian government has allocated 4.5 billion rubles ($64.2 million) to issue Mir cards, which look similar to international bank cards and feature the Mir logo in the left corner.
According to Russian Federation’s “Federal Law 112,” banks which are regarded by the central bank as having critical importance to the national financial infrastructure in addition to banks which offer payment acquiring services to merchants will be obligated to issue and accept payments for goods and services utilizing Mir card scheme. This will likely lead to mass adaptation of the new payment card.
Net Element, Inc., a global payments-as-a-service, operates as a technology provider with an integrated mobile and transactional services platform serving emerging market clients. The company, through its partner, TOT Group, Inc., operates Unified Payments that processes cashless transactions for card-present or card-not-present transactions, counting point-of-sale (POS), mobile POS (mPOS), EMV, near field communication, Apple Pay, Internet businesses, service-oriented businesses, and mail order/telephone order merchants, in addition to processes other cashless transactions, counting checks and direct debits.
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