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Monday 18 May 2015
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Hot News Buzz: Xerox Corporation, (NYSE:XRX), Ocwen Financial, (NYSE:OCN), Ensco, (NYSE:ESV), Union Pacific Corporation, (NYSE:UNP)

On Tuesday, Shares of Xerox Corporation (NYSE:XRX), lost -0.71% to $11.16, hitting its lowest level.

Business apps are gaining traction in the workplace and are just behind games in terms of number of downloads. Xerox (XRX) is charging forward and reinforcing its leadership in mobile printing with five new business apps assisting employees create, share and process information without servers, middle-ware or IT support.

“Smartphones and tablets open up tremendous opportunities to leverage our office technology, enabling people to be productive whether they are on-site or working remotely,” said Jim Rise, senior vice president, Office and Solutions Business Group, Xerox. “We are already recognized as a leader in office software and solutions, and with these business apps we are delivering new ways to drive productivity and agility.”

Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.

Shares of Ocwen Financial Corp. (NYSE:OCN), declined -1.86% to $10.53, during its last trading session.

Ocwen Financial Corporation, declared that it designated Alan J. Bowers as a new independent director to its Board of Directors. Mr. Bowers’ appointment expands the Board to eight directors, seven of whom are independent directors. Mr. Bowers has no preceding affiliation with Ocwen, its Board members, administration, or employees.

“We are happy to welcome Alan Bowers to our Board of Directors,” commented Ronald Faris, President and Chief Executive Officer of Ocwen. “We look forward to leveraging Alan’s background and expertise, counting his years of service on audit and corporate governance committees, to further Ocwen’s long-term planned aims.”

“We are delighted that Alan is joining Ocwen’s Board of Directors. His accounting expertise and diverse corporate administration experience will prove invaluable assets to our Board and the future success of Ocwen,” said Barry Wish, Non-Executive Chairman of Ocwen’s Board of Directors.

Ocwen Financial Corporation, through its auxiliaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. The company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate.

At the end of Tuesday’s trade, Shares of Ensco plc (NYSE:ESV), gained 2.53% to $26.79.

On April 29, Ensco declared earnings per share raised to $1.38 in first quarter 2015 from $1.25 a year ago. Results from suspended operations were zero cents per share contrast to a loss of $0.01 per share in first quarter 2014. Earnings per share from ongoing operations raised to $1.38 in first quarter 2015 from $1.26 a year ago. Adjusted for $27 million, or $0.11 per share, of other expense to retire debt ahead of maturity, earnings per share from ongoing operations raised 18% to $1.49 from $1.26 in first quarter 2014.

During first quarter 2015, Ensco earned the #1 rating in total customer satisfaction for the fifth year in a row in the independent EnergyPoint Research survey. Ensco’s investments in new rig technology benefit customers. The Company recently delivered ENSCO DS-9, an ultra-deepwater drillship contracted for a three-year term in the U.S. Gulf of Mexico, and ENSCO 110, a premium jackup.

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil.

Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -0.92% loss, and closed at $105.77.

On April 29, Union Pacific Railroad conducted training for 80 emergency response personnel from 17 states April 8 - 10 and April 20 - 22. The training focused on sharpening the emergency responders’ skills to better prepare them in the unlikely event of a crude-by-rail incident in or near their respective communities.

Union Pacific proactively reaches out to fire departments in addition to other emergency responders along its lines to offer comprehensive training to first responders in communities where the railroad operates. The company annually trains about 2,500 local, state and federal first-responders on ways to minimize the impact of a potential derailment. Union Pacific has trained nearly 38,000 public responders and almost 7,500 private responders (shippers and contractors) since 2003. This comprises classroom and hands-on training. In 2014, the railroad trained 314 emergency responders specifically on crude-by-rail transportation.

The recently accomplished training covered a variety of safety subjects, counting identification of tank car types that transport crude; tank car fittings; tank car construction; chemical and physical properties of the different types of crude oil; and crude oil response precautions. Participants received hands-on experience in assessing tank car damage; making certain on-site repairs; controlling the release of crude oil from damaged rail cars; and crude oil fire suppression techniques.

Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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