During Tuesday’s current trade, Southwest Airlines Co. (NYSE:LUV)’s shares lost -3.15%, to $35.71.
Southwest Airlines, proudly sponsors Honor Flight Network and donated more than $20,000 in air travel for nearly 50 Lone Eagle Veterans and their guardians to take part in a special Honor Flight and V.E. Day 70th Anniversary commemoration event in Washington, D.C. The event in early May comprised of a massive flyover of WWII aircraft and a ceremony at the WWII Memorial, during which Southwest offered refreshments and snacks to Veterans in attendance. The Veterans also spent the day visiting the Vietnam Veterans Memorial, the Korean War Veterans Memorial, the Lincoln Memorial, and the Air Force Memorial, in addition to the Arlington National Cemetery for the Changing of the Guard.
Southwest has been a longtime supporter of Honor Flight Network, donating more than $3 million in travel to chapters across the United States since 2009 to support its mission to provide Veterans with honor and closure by organizing trips to Washington, D.C., to visit memorials built to recognize their service to the nation. This special donation assists Lone Eagles, Veterans who do not have a local chapter to assist them in visiting the memorials.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Mondelez International, Inc. (NASDAQ:MDLZ)’s shares lost -0.85% to $39.83, during the current trading session Tuesday.
Mondelez International, declared its $400 million Cocoa Life program is fully operational in Indonesia, the world’s third largest cocoa origin and the biggest cocoa origin in Asia. By the end of 2015, Cocoa Life will be operating in more than 100 Indonesian communities and will have trained 8,000 farmers in agricultural and business skills to assist improve cocoa yields, protect the environment and boost farmer incomes. By 2022, the program plans to train 50,000 farmers and in turn benefit about 200,000 people in local communities, promoting women’s empowerment and education for children.
Cocoa Life is working with farmers in two Indonesian regions – Sulawesi and Sumatra – and together with suppliers Cargill and Olam aims to strengthen the country’s position as a leading producer of high-quality, sustainable cocoa. And by partnering with the non-governmental organization Save the Children, Cocoa Life will assist promote gender equality through leadership and business training for women in cocoa farming communities, in addition to agricultural education for youth. Together, farming families will create Community Action Plans to achieve specific development outcomes, such as improving health and nutrition education.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products. Its primary brand portfolio comprises LU, Nabisco and Oreo biscuits.
In an Afternoon trade, Occidental Petroleum Corporation (NYSE:OXY)’s shares lost -0.84%, to $76.36.
On May 6, Occidental Petroleum Corporation declared core income for the first quarter of 2015 of $31 million ($0.04 per diluted share), contrast with $560 million ($0.72 per diluted share) for the fourth quarter of 2014 and $1.1 billion ($1.38 per diluted share) for the first quarter of 2014. The first quarter of 2015 had a stated loss of $218 million ($0.28 per diluted share), contrast with a loss of $3.4 billion ($4.41 per diluted share) for the fourth quarter of 2014 and stated income of $1.4 billion ($1.75 per diluted share) for the first quarter of 2014. The first quarter of 2015 comprised of non-core charges of $249 million, comprised mainly of asset impairment charges for certain domestic and international assets.
Cash flow from ongoing operations before working capital changes was about $1.1 billion for the first quarter of 2015. Working capital changes of $0.6 billion were a result of lower realized prices, which influenced receivable collections and payments related to higher capital and operating spending accrued in the fourth quarter of 2014, but not paid until the first quarter of 2015. Total company capital expenditures for the first quarter of 2015 were $1.7 billion. The Oil and Gas segment spent $1.5 billion, with Permian Resources expenditures representing nearly 50 percent of the total expenditures, and the remaining $200 million was split between the Chemical and Midstream segments.
Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other.
Magnum Hunter Resources Corp. (NYSE:MHR), during its Tuesday’s current trading session gained 0.78% to $1.94.
Magnum Hunter Resources Corporation, declared that Triad Hunter, LLC, a wholly-owned partner of the Company, has reached a definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia to an independent exploration and production company. The total sales price is based on a specified dollar amount per net leasehold acre, subject to adjustments to take into consideration the remaining primary terms of the underlying leases and payments required to extend the underlying leases to their maximum accessible primary terms and customary adjustments for any title defects. The Company anticipates that the net proceeds it will receive from the sale of the Properties will be about $40.8 million after taking into account the adjustments related to the primary terms of the underlying leases and lease extension costs, but exclusive of adjustments for any title defects. Following the definitive agreement, the Company has the right, following the closing, to cure any title defects. The sale is planned to close on May 28, 2015 and is subject to customary closing conditions. The Properties to be sold comprise of ownership interests in about 5,210 net leasehold acres.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
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