During Thursday’s current trade, Newpark Resources Inc (NYSE:NR)’s shares decline -2.35% to $7.90.
Newpark Resources, Inc. (NR) declared that administration will take part in three investor conferences in June, counting: the TPH 2015 Hotter ‘N Hell Conference on June 17th; the GHS 100 Energy Conference on June 23rd; and the UBS Energy Conference on June 30th. The GHS 100 Energy Conference will be webcast.
Newpark also offered an operational update. “We’ve seen a modest reduction in Fluids Systems revenues since our quarterly conference call on May 1, 2015, primarily driven by the continued slide in U.S. rig counts, together with some weather-related delays in Texas and Oklahoma,” stated Paul Howes, Newpark’s President and Chief Executive Officer. “However, the lower revenue in Fluids is not anticipated to significantly impact our segment operating income expectation of modest sequential improvement for the quarter.
Newpark Resources, Inc. provides various products and services primarily to the oil and gas exploration industry. The company operates in two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, such as horizontal directional, geologically deep, or deep water drilling. This segment also grinds barite and other industrial minerals.
Novo Nordisk A/S (ADR) (NYSE:NVO)‘s shares gain 0.94% to $55.56, during the current trading session Thursday’s, hitting its highest level.
Novo Nordisk A/S (ADR) (NVO) declared that the SCALE Obesity and Prediabetes three-year extension study on Saxenda has met its primary endpoint. The study was conducted in adults who were obese or were overweight with co morbidities and had prediabetes at baseline.
The randomized, blinded, three-year extension study showed that continued treatment with Saxenda in combination with a low-calorie diet and raised physical activity led to a delay in onset of type II diabetes contrast to placebo (in combination with diet and exercise). The time-to-onset of type II diabetes was 2.6 times longer in patients undergoing treatment with Saxenda contrast to those receiving placebo. Moreover, the risk of developing the disease was cut down by about 80% in the Saxenda arm.
Additionally, Novo Nordisk revealed data related to weight loss of patients in the SCALE Obesity and Prediabetes three-year extension study. At 160 weeks, on an average Saxenda led to a weight loss of 6.1% from baseline, contrast to only 1.8% for placebo, both in combination with a low-calorie diet and raised physical activity. Notably, 24.3% of the patients lost over 10% of their body weight under treatment with Saxenda contrast to 9.4% of those in the placebo arm.
According to the American Medical Association, obesity is a disease that requires long-term administration and is associated with various serious health consequences counting type II diabetes. In this scenario, results from the three-year extension study demonstrating Saxenda’s efficacy in delaying the occurrence and reducing the risk of type II diabetes are encouraging.
Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes Care and Biopharmaceuticals.
In a mid-morning trade, Energy Transfer Partners LP (NYSE:ETP)‘s shares surge 0.51% to $55.71.
Energy Transfer Partners, L.P. (ETP) offered further details on its formerly declared Revolution Project that will significantly enhance its operations in the growing Marcellus and Upper Devonian production areas of Western Pennsylvania. ETP has reached long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased about twenty miles of high pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionators and additional gas gathering pipelines.
ETP plans to construct about 100 miles of high pressure 24- and 30-inch rich gas pipeline providing a total gathering system capacity in excess of 440 million cubic feet per day. The Revolution Pipeline originates in Butler County, Pennsylvania and will extend to ETP’s Revolution Plant, a new cryogenic gas processing plant to be constructed in Western Pennsylvania. The Revolution Plant is predictable to be in-service by the second quarter of 2017 and will allow for future processing growth for additional third party gas.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system. This segment owns and operates about 7,700 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates about 12,800 miles of interstate natural gas pipeline; and has interests various natural gas pipelines.
State Street Corp (NYSE:STT), during its Thursday’s current trading session 0.39% gain and closed at $79.80.
State Street Global Advisors (SSGA), the asset management business of State Street Corporation (STT), today introduced their “Ten Best Practices for Global DC Plans.” The paper provides insights to help multi-national clients with defined contribution plans (DC) in different countries approach them strategically to attract and retain talent and produce better retirement outcomes for employees.
The “Ten Best Practices for Global DC Plans” fall into four categories:
- Define a global vision and related aims and align benefits to support those aims.
- Build efficient governance structures to minimize risk and ensure that plans in different countries support the overall aims.
- Weigh the pros and cons of centralizing investment and other functions to achieve operational and cost efficiencies.
- Improve plans’ effectiveness for employees.
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.
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