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Friday 2 October 2015
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Latest Update

Current Trade Stocks Recap: DTE Energy Co (NYSE:DTE), PBF Energy Inc (NYSE:PBF), Umpqua Holdings Corp (NASDAQ:UMPQ), ResMed Inc. (NYSE:RMD)

During Monday’s Current trade, Shares of DTE Energy Co (NYSE:DTE), lost -0.58% to $78.81.

The DTE Energy Foundation is partnering with the American Red Cross to provide a $100,000 grant in support of its nationwide Home Fire Campaign, an effort aimed at making communities safer through education and the necessary tools to prevent home fires. Over the course of the next nine months, DTE and the American Red Cross will install 6,000 smoke detectors in nearly 1,200 homes throughout Michigan, with 1,000 smoke detectors planned for the City of Detroit.

“Smoke detectors and fire emergency education are critical components to ensuring the well-being and safety of our customers and communities,” said Faye Nelson, DTE Energy vice president, Public Affairs, and president of the DTE Energy Foundation. “The DTE Energy Foundation is proud to partner with the American Red Cross in support of its Home Fire Campaign, which allows us to reach some of Michigan’s most vulnerable homes to assist save lives, reduce injuries and educate families on what to do when there is a fire.”

The two organizations are working with local agencies, counting Vanguard Community Development Corporation, Michigan Humane Society and faith-based groups, to plannedally identify homes and residents in need of fire alarms and education throughout Michigan. In partnership with American Red Cross, DTE will target community-focused events to sign up for and plan appointments for installations and home energy consultations.

DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to about 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, in addition to wind and other renewable assets.

Shares of PBF Energy Inc (NYSE:PBF), declined -1.56% to $27.79, during its current trading session.

PBF Energy Inc. (PBF) offered an update to the operations at the Delaware City refinery which had been running at reduced rates following an unplanned shutdown of its Fluid Catalytic Cracking Unit (“FCC”) on August 21, 2015. The FCC has successfully restarted and is operating to plan. During the outage, the company elected to move forward the planned maintenance of its crude and reformer units. The planned maintenance is predictable to be complete by the end of September.

The company provides the following updated guidance for the remainder of 2015: the East Coast is predictable to process about 300,000 to 320,000 barrels per day (“bpd”) for the third quarter and 320,000 to 340,000 bpd for the fourth quarter; the Mid-Continent is predictable to process about 165,000 to 175,000 bpd for the third quarter and 150,000 to 160,000 bpd for the fourth quarter.

PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products.

Umpqua Holdings Corp (NASDAQ:UMPQ), during its Monday’s current trading session decreased -0.31% to $16.24.

Umpqua Holdings Corporation (UMPQ), the parent company of Umpqua Bank and Umpqua Investments, Inc., declared that its Board of Directors has approved a quarterly cash dividend in the amount of $0.16 per common share, an enhance of 6.7% from the preceding quarterly cash dividend of $0.15 per common share. The dividend is payable on October 15, 2015, to shareholders of record as of September 30, 2015.

Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through two segments, Community Banking and Home Lending.

Finally, ResMed Inc. (NYSE:RMD), decreased -1.52%, to $49.75.

ResMed Inc. (RMD) declared it will report its first quarter of fiscal year 2016 results on Thursday, October 22, 2015, after the New York Stock Exchange market close. A press release with ResMed’s results will be issued after 1:00 p.m. US Pacific Time and the company will host a webcast to talk about operating results and future outlook.

ResMed Inc. develops, manufactures, distributes, and markets medical equipment for the diagnosis, treatment, and administration of respiratory disorders with a focus on sleep-disordered breathing (SDB). Its products comprise airflow generators, such as CPAP, VPAP and AutoSet systems for the titration and treatment of SBD; and masks, motors, and diagnostic products.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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