On Tuesday, Yahoo! Inc. (NASDAQ:YHOO)’s shares inclined 3.72% to $34.19.
Yahoo! Inc. (YHOO) and NBC Sports Group announced a renewal of their multi-faceted partnership that combines the content and experiences of Yahoo Sports, including its fantasy sports product, with NBC Sports Digital’s growing video assets and significant promotional power. This expanded partnership brings even more content to Yahoo/NBC Sports viewers, including Premier League highlights, NBC Sports Regional Network team reports, and Golf Channel. It also extends the reach of the digital and on-air experiences beyond desktop to mobile and Tumblr.
Yahoo Sports and NBC Sports Digital will continue to collaborate on premium sports news and events coverage both online and on-air on NBC, NBCSN, Golf Channel, NBC Sports Regional Networks, NBCSports.com and Yahoo, while maintaining separate sites and editorial control of their respective newsrooms and digital properties.
“Yahoo has been a great partner, and we are pleased to extend this very complementary alliance that will now include Golf Channel,” said Rick Cordella, SVP and GM, Digital Media, NBC Sports Group. “This partnership extends the digital reach of both sides, and allows us to collaborate on the creation of widely-consumed, cross-platform content, particularly around short-form video and fantasy sports.”
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Schlumberger Limited. (NYSE:SLB)’s shares gained 2.27% to $69.49.
Schlumberger Limited (SLB) declared that Schlumberger Holding Corporation (“SHC”), its wholly-owned subsidiary and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017 (the “2017 Notes”); 2018 (the “2018 Notes”); 2020 (the “2020 Notes”); 2022 (the “2022 Notes”); and 2025 (the “2025 Notes” and together with the 2017 Notes, the 2018 Notes, the 2020 Notes and the 2022 Notes, the “Notes”). The offering is expected to close on December 10, 2015.
The net proceeds to SHC from the offering will be used for general corporate purposes, including to finance a portion of the consideration of Schlumberger’s pending acquisition of Cameron International Corporation.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Enbridge Energy Partners, L.P. (NYSE:EEP)‘s shares surged 2.25% to $21.85.
The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route permit for Enbridge Energy Partners, L.P.’s (“EEP”) proposed Sandpiper pipeline and EEP’s portion of the Line 3 pipeline replacement project (“L3R”). The L3R project encompasses replacement of all segments of Line 3 between Hardisty, Alberta and Superior, Wisconsin and involves both EEP and Canadian subsidiaries of Enbridge Inc. (“ENB”, and together with EEP, “Enbridge”). Enbridge believes that most of those decisions were consistent with Enbridge’s expectations and that they provide clarity on process matters related to execution of the pipeline projects. The outcome of one of the Commission’s votes, however, contemplates the need to finalize an environmental impact statement for the pipeline projects prior to, rather than contemporaneously with, the Commission addressing other required matters. If upheld in the final order, this requirement could potentially delay the completion dates of the pipelines beyond the dates originally anticipated by Enbridge.
Enbridge will not be in a position to fully assess the potential impact of the Commission votes until it has had an opportunity to review the formal written order, which is not expected to be released for approximately 30 to 60 days. Following receipt of the order, Enbridge will take any necessary steps to ensure the timely completion of the pipelines.
Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States. It operates through two segments, Liquids and Natural Gas.
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