On Wednesday, Shares of Ford Motor Company (NYSE:F), gained 3.12% to $13.56.
Ford Motor Company will release its September 2015 U.S. sales results at about 9:15 a.m. ET Thursday, October 1, 2015. At 10:00 a.m. ET, Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends. He will be joined by Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service, and Yong Yang, Ford’s senior U.S. economist.
Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector comprises North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Financial Services sector comprises Ford Motor Credit Company and Other Financial Services segments. Its automotive brands comprise Ford and Lincoln.
Shares of Northstar Realty Finance Corp (NYSE:NRF), inclined 4.40% to $12.35, during its last trading session.
NorthStar Realty Finance Corp., declared that its Board of Directors has authorized the repurchase of up to $500 million of its outstanding common stock.
The repurchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The authorization will expire in 12 months, unless otherwise extended by NorthStar Realty’s Board of Directors. The repurchase program will be utilized at administration’s discretion and in accordance with the requirements of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors counting price, corporate requirements and other conditions.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio comprises of healthcare, hotel, manufactured housing communities, net lease, multifamily properties and international real estate, with a focus on Europe.
Shares of Yamana Gold Inc. (USA) (NYSE:AUY), inclined 2.74% to $1.68, during its last trading session.
Yamana Gold will release its third quarter 2015 results after market close on October 29, 2015 followed by a conference call and webcast on October 30, 2015 at 9:00 a.m. ET.
Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities, counting exploration, extraction, processing and reclamation. The Company’s production mines comprise Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines. Its development properties comprise Cerro Moro, Agua Rica and Suyai in Argentina.
Finally, Caterpillar Inc. (NYSE:CAT), ended its last trade with 1.62% gain, and closed at $65.35.
Caterpillar declared noteworthy restructuring and cost reduction actions that are predictable to lower operating costs by about $1.5 billion annually once fully implemented. The cost reduction steps will start in late 2015 and reflect recent, current and predictable market conditions. For 2015, the company’s sales and revenues outlook has weakened, with 2015 sales and revenues now predictable to be about $48 billion, or $1 billion lower than the previous outlook of about $49 billion. For 2016, sales and revenues are predictable to be about 5 percent below 2015.
Key steps planned by the company comprise:
- An expected permanent reduction in Caterpillar’s salaried and administration workforce, counting agency, of 4,000 – 5,000 people between now and the end of 2016, with most occurring in 2015, and with a total possible workforce reduction of more than 10,000 people, counting the contemplated consolidation and closures of manufacturing facilities occurring through 2018.
- The company will offer a voluntary retirement enhancement program for qualifying employees, which will be accomplished by the end of 2015.
- Slightly less than half of the $1.5 billion of cost reduction is predictable to be from lower Selling, General and Administrative (SG&A) costs. The reduction in SG&A will largely be in place and effective in 2016 and occur across the company.
- The remaining cost reductions are predictable to come from lower period manufacturing costs, counting savings from additional contemplated facility consolidations and closures, which could impact more than 20 facilities and slightly more than 10 percent of our manufacturing square footage. A portion of these cost reductions are predictable to be effective in 2016, with more savings anticipated in 2017 and 2018.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation.
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