During Tuesday’s Morning trade, Shares of LSB Industries, Inc. (NYSE:LXU), gained 0.70% to $7.18.
LSB Industries, declared that its Board of Directors has designated Interim Chief Executive Officer Daniel D. Greenwell as President and Chief Executive Officer, effective right away. Mr. Greenwell has served as Interim Chief Executive Officer since September 2015.
Mr. Greenwell commented, “Since joining LSB’s Board of Directors in March 2014, and then assuming the Interim Chief Executive role this past September, I’ve spent a great deal of time learning about the Company, inspecting our facilities, analyzing operational systems and processes, and talking to our employees. While we still have much to accomplish to meet our aims, I firmly believe that LSB is a business with tremendous potential to generate value for our shareholders as we implement our planned growth initiatives. Our El Dorado facility expansion represents a particularly noteworthy opportunity to drive increasing profitability, and we are happy to reaffirm that the project remains on track for mechanical completion in February 2016 with ammonia production starting in the second quarter of 2016.”
LSB Industries, Inc., through its auxiliaries, manufactures and sells chemical products, water source and geothermal heat pumps, and air handling products. The company operates in two segments, Chemical Business and Climate Control Business.
Shares of American Water Works Company Inc (NYSE:AWK), inclined 0.58% to $60.96, during its current trading session.
American Water (AWK), the nation’s largest publicly traded water and wastewater utility company, declared it has been awarded the operation and maintenance contract for the City of Camden water and sewer services. The contract award, which is valued at about $125 million over a term of ten years, follows a period of negotiations after the company’s Contract Services Group was selected through a competitive bid process. American Water’s Contract Services Group is part of the company’s market-based American Water Enterprises partner.
American Water’s regulated partner, New Jersey American Water, presently owns and operates water systems serving one-third of the city of Camden. Residents who receive their water service from New Jersey American Water are unaffected by this operations and maintenance contract.
“We are happy to award this contract to American Water for the City’s water and sewer services,” said Mayor Dana L. Redd. “American Water is the nation’s leading water and wastewater utility company, with a proven track record, here in south Jersey and all across the country. The operations and maintenance contract with American Water Contract Services Group provides raised utility service while reducing costs to the city. These savings will assist pay for needed system improvements, which will provide better service for our residents and businesses.”
American Water Works Company, Inc., through its auxiliaries, provides water and wastewater services in the United States and Canada. The company operates through two segments, Regulated Businesses and Market-Based Operations.
Finally, Scorpio Tankers Inc. (NYSE:STNG), gained 0.51%, and is now trading at $7.84.
Scorpio Tankers Inc., declared that it has reached time charter-out agreements for two ice class 1A Handymax product tankers and an update on its Securities Repurchase Program.
Time Charter-Out Agreements
The Company has reached time charter-out agreements with an unrelated third party on two ice class 1A Handymax product tankers.
The term of each agreement is for three years at $18,000 per day, with each charter planned to commence by the end of January 2016.
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide. As of July 13, 2015, it owned 67 tankers comprising 16 LR2 tankers, 15 Handymax tankers, and 45 MR tankers with an average age of 0.9 years; and time charters-in 17 product tankers, counting 4 LR2, 4 LR1, 4 MR, and 5 Handymax tankers. The company was founded in 2009 and is based in Monaco, Monaco.
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