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Saturday 15 August 2015
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Latest Update

Current Trade Stocks Roundup: CNH Industrial (NYSE:CNHI), Fifth Third Bancorp (NASDAQ:FITB), Bristol-Myers Squibb (NYSE:BMY), Memorial Production Partners (NASDAQ:MEMP)

During Friday’s Current trade, Shares of CNH Industrial NV (NYSE:CNHI), lost -0.39% to $8.92.

- CASE Construction Equipment will host the “Labor of Love Music Festival” starring multi-platinum country music star Kip Moore on Labor Day (Monday, Sept. 7, 2015) at Racine Festival Park on the city’s waterfront. A donation from the event will be made to Wounded Warrior Project, and the event will focus on the importance of hiring veterans into skilled jobs in the manufacturing and construction industries. State and local bands, counting Bella Cain and Run Carolina, will open for Moore, and additional performances and events will take place throughout the day. The Veterans Outreach Center of Wisconsin will be hosting a 50/50 raffle to raise money for local veterans.

CASE Construction Equipment is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York Stock Exchange (CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (CNHI.MI).

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles, engines, transmissions, and axles worldwide. The Agricultural Equipment segment provides farm machinery and implements, counting two-wheel and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment. This segment offers its products under the New Holland Agriculture, Case IH Agriculture, Steyr, and Miller brand names.

Shares of Fifth Third Bancorp (NASDAQ:FITB), inclined 0.49% to $20.94, during its current trading session.

Fifth Third Bank recently declared winners of the 2015 Fifth Third Scholarship Program. Since 2005, the Fifth Third Foundation has annually awarded one-time $2,500 scholarships to children of Fifth Third employees. It has awarded 200 scholarships since its inception.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash administration, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Bristol-Myers Squibb Co (NYSE:BMY), during its Friday’s current trading session gained 0.62% to $62.81.

Bristol-Myers Squibb Company (BMY) and Otsuka America Pharmaceutical, Inc. recently declared that the U.S. Food and Drug Administration (FDA) has approved an update to the Sprycel® (dasatinib) product labeling. The labeling now comprises five-year efficacy and safety data in adult patients with newly diagnosed Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML) in chronic phase (CP) and seven-year data in CP Ph+ CML patients who are resistant1 or intolerant2 to preceding therapy, counting Gleevec®3 (imatinib mesylate).

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It provides chemically-synthesized drugs or small molecules, and biologics in various therapeutic areas, counting virology comprising human immunodeficiency virus infection (HIV); oncology; neuroscience; immunoscience; and cardiovascular.

Finally, Memorial Production Partners LP (NASDAQ:MEMP), gained 0.71%, to $6.80.

Memor ial Production Partners LP (MEMP) declared its operating and financial results for the three and six months ended June 30, 2015. In addition, MEMP offered an update of its commodity hedge positions presented in the Hedge Summary table below together with updated 2015 guidance.

Key Highlights

  • Average daily production raised 10% to 247.8 MMcfe for the second quarter 2015, contrast to 224.8 MMcfe for the second quarter 2014.
  • Revolver availability of about $642 million as of July 31, 2015.
  • Strong commodity hedge portfolio with 85% of current predictable total production hedged in 2015, 84% in 2016, 70% in 2017, 64% in 2018 and 49% in 2019.
  • Mark-to-market hedge book value of about $609 million as of July 31, 2015. All of MEMP’s current hedges are costless, fixed price swaps and collars.

Memorial Production Partners LP, through its partner, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties comprise of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California. As of December 31, 2014, its total estimated proved reserves were about 1,454 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of Memorial Production Partners LP.

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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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