On Friday, OGE Energy Corp. (NYSE:OGE)’s shares inclined 0.27% to $30.04.
OGE Energy Corp. (OGE) Chairman and CEO Pete Delaney declared that he has stepped down from the CEO position to become the interim CEO of Enable Midstream Partners in Oklahoma City. The OGE Energy Board of Directors has named OGE Energy President Sean Trauschke CEO.
At the annual OGE Energy Shareholders meeting on May 14, 2015, Delaney declared his plan to retire from the Company in the first quarter of 2016. His appointment as interim CEO of Enable Midstream resulted from the resignation of Enable Midstream’s CEO last week. Enable Midstream is a Master Limited Partnership in which OGE Energy has a noteworthyinterest. Delaney will continue to serve as Chairman of the Board of OGE Energy until next year as planned.
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. This segment furnishes retail electric service in 267 communities and their contiguous rural and suburban areas; and owns and operates coal-fired, natural gas-fired, and wind-powered generating facilities.
Nuveen Municipal Opportunity Fund Inc (NYSE:NIO)’s shares dropped -1.53% to $13.53.
Nuveen Municipal Opportunity Fund Inc (NIO) declared that several closed-end funds declared regular monthly distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions counting earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.
Nuveen Insured Municipal Opportunity Fund, Inc. is a close-end investment company. The fund invests in municipal securities. The fund invests at least about 80% of managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest around 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which about 10% of its managed assets may be rated below B-/B3 or of comparable quality.
At the end of Friday’s trade, Lumber Liquidators Holdings Inc (NYSE:LL)‘s shares surged 0.68% to $21.38.
Lumber Liquidators Holdings Inc (LL) declared that Robert M. Lynch unpredictable notified the Company of his resignation as the Company’s President and Chief Executive Officer. The Company intends to commence a national search for Mr. Lynch’s replacement. In the interim, Thomas D. Sullivan, the Company’s Founder, will serve as the acting chief executive officer of the Company.
The Company also declared recently that John M. Presley, the Company’s lead independent director, has been designated as non-executive chairman of the board of directors. Both appointments are effective right away. The board of directors also accepted Mr. Lynch’s resignation as a director of the Company.
Lumber Liquidators Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. It primarily offers solid and engineered hardwood products; laminate floorings; bamboo floor products, cork floorings, and vinyl plank flooring; wood flooring moldings; butcher block kitchen countertops, and staircase treads and risers; and accessories, such as sealers, adhesives, and underlayments, as well as flooring tools and floor cleaning supplies. The company offers its products primarily under the Bellawood and Morning Star Bamboo brands.
8×8, Inc. (NASDAQ:EGHT), ended its Friday’s trading session with -2.74% loss, and closed at $8.70.
8×8, Inc. (EGHT) declared the company has agreed to purchase certain assets of privately-held Quality Software Corporation (QSC), an innovative developer of cloud-native quality administration capabilities and analytics, and two associated companies—counting QSC’s proprietary software and all associated intellectual property for $3 million in cash and $1.3 million in stock compensation. The stock portion will be paid out over four years assuming certain conditions are met. The transaction is subject to customary closing conditions and is predictable to close this month.
QSC is one of the newest, most innovative players in the call center performance and analytics marketplace based in Delray Beach, Florida with a development center in Romania. QSC offers a modern, web-based solution for the cloud, with a powerful set of monitoring capabilities for high-touch interactions and a personalized customer experience—counting call recording, screen capture, live monitoring, agent evaluations, speech transcription, reporting and detailed analytics. 8×8 plans to unveil a new cloud-quality administration product for its Virtual Contact Center solution by the end of 2015. As part of the transaction with QSC, 8×8 intends to hire QSC’s Chief Executive Officer, Ryan Morrissey, in addition to the company’s development team in Romania. Morrissey will serve as 8×8’s new Senior Director of Product Strategy, Cloud Quality Administration Solutions, and be based at the company’s headquarters in San Jose, California.
8×8, Inc. provides voice over Internet protocol (VoIP) technology and software as a service (SaaS) communication solutions in the cloud for small and medium businesses and mid-market and distributed enterprises.
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