On Monday, Shares of General Motors Company (NYSE:GM), gained 1.89% to $30.72.
General Motors Company boss Mary Barra reiterated on Tuesday that a tie-up with Fiat Chrysler was not in her shareholders’ best interest and the U.S. carmaker has the scale to pursue its investments in new technologies on its own, according to Reuters.
Fiat Chrysler CEO Sergio Marchionne said earlier this month that seeking a merger with GM was a “high priority” for his company and such a deal would also be the best planned option for its U.S. rival.
“We have studied this issue thoroughly and in great detail, with both internal resources and external experts and it is not in the best interest of the General Motors shareholder,” Barra told reporters on the sidelines of the Frankfurt auto show.
GM’s board rebuffed a merger proposal from the Italian-American carmaker earlier this year. Reuters Reports
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Denbury Resources Inc. (NYSE:DNR), inclined 0.69% to $2.91, during its last trading session, hitting its lowest level.
Denbury Resources declared the hiring of Chris Kendall as Chief Operating Officer. Mr. Kendall’s appointment to Chief Operating Officer took effect upon his joining the Company on September 8, 2015, a role he is assuming from Phil Rykhoek, President and CEO, who has been serving in that capacity on an interim basis.
Phil Rykhoek, Denbury’s President and CEO, said, “After a comprehensive search, I am very happy to welcome Chris to our leadership team. I believe that Chris has the right background, leadership experience and cultural fit to successfully lead our operations. He has a track record of success and continuous improvement and I am confident that he will assist Denbury further improve its operational efficiency and results. This is a critical time in our industry and one that requires the right leadership team to navigate through this challenging oil price environment. Chris is the right person to assist us do that and I am excited that he is joining us.”
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Shares of Lightbridge Corp. (NASDAQ:LTBR), declined -2.83% to $1.03, during its last trading session.
Lightbridge Corporation declared that it has signed a Comprehensive Nuclear Services Agreement with Canadian Nuclear Laboratories (CNL) for fabrication of Lightbridge’s patented next generation metallic nuclear fuel test samples at CNL facilities at Chalk River, Ontario, Canada. This enabling agreement provides the framework to proceed with Phases 2 and 3 of the test fuel sample fabrication at CNL’s facilities in Chalk River as envisioned in an October 2014 Initial Cooperation Agreement.
“With this agreement with Canada’s premier nuclear science and technology organization, Lightbridge has put in place the last key enabling agreement to execute our critical path work scope regarding research reactor irradiation under prototypic commercial reactor operating conditions,” said Lightbridge President and CEO Seth Grae. “Our agreement with CNL is keeping development of Lightbridge-designed metallic fuel on track to deliver innovative, proprietary fuel that can assist global utilities safely generate more carbon-free electricity at improved operating margins from existing and new build reactors,” Grae added.
The initial scope of work under the comprehensive nuclear services agreement involves development of a fabrication plan in 2015. Subsequent activities will comprise fabrication and characterization in early 2016 of prototype fuel test samples using depleted uranium, to be followed by fabrication in late 2016 of irradiation fuel test samples using low enriched uranium for loop irradiation testing under prototypic commercial reactor operating conditions in a pressurized water loop of the 25MW nuclear research reactor operated by the Institute for Energy Technology at Halden, Norway.
Lightbridge Corporation operates as a nuclear fuel technology company worldwide. It operates in two segments, Technology and Consulting. The company engages in the design and development of proprietary nuclear fuels.
Finally, BlackBerry Limited (NASDAQ:BBRY), ended its last trade with 0.14% gain, and closed at $7.38.
BlackBerry Limited will be reporting results for the second quarter of fiscal 2016 on September 25, 2015. A conference call and live webcast will be held starting at 8 am ET, which can be accessed by dialing 1-888-428-9507 or by logging on at http://ca.blackberry.com/company/investors/events.html.
A replay of the conference call will also be available at about 10 am ET by dialing 1-647-436-0148 and entering pass code 3790672# or by clicking the link above. This replay will be available until 10 am ET October 11, 2015.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. It also provides BlackBerry 10 smartphones; BlackBerry Enterprise Service (BES) 10 and BES 12, which are enterprise mobility administration solutions; QNX software for embedded markets; cloud-based BlackBerry Internet of Things platform; and BBM, an instant mobile to mobile private messaging service.
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