On Tuesday, FMC Technologies, Inc.(NYSE:FTI)’s shares declined 0.51% to $33.01.
FMC Technologies, Inc. (FTI) declared the award of a new EPC contract with Statoil where Phase 1 of the Johan Sverdrup field is the first call-off. The contract has an estimated value of $172 million in revenue and comprises subsea trees, subsea wellheads, manifolds, and control systems integration.
A frame agreement for add-on systems and a frame agreement for subsea service offerings have also been signed.
Statoil’s Johan Sverdrup field will be the largest offshore oil find in Norway in 30 years, and it is estimated to hold 1.7 billion to 3.0 billion barrels of oil equivalents. The field is predictable to produce 550,000 - 650,000 barrels of oil equivalents a day when fully developed, equal to about 25 percent of current domestic output. Production is slated to start in late 2019.
FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments.
AmerisourceBergen Corp. (NYSE:ABC)’s shares dropped -1.91% to $103.27.
AmerisourceBergen Corporation (ABC) declared that its Board of Directors has authorized a special $2.4 billion share repurchase program intended to further enable the execution of the Company’s formerly declared warrant hedging strategy. The new special program will be used to further mitigate the dilutive effect on the ownership interests of stockholders that may result from the issuance of common stock upon exercise of the warrants issued in March 2013.
The Company accomplished the April 2015 $1.0 billion special share repurchase program, and had formerly accomplished the May 2014 $650 million special share repurchase program. The Company anticipates that the new $2.4 billion program should be sufficient to offset the remaining share dilution from future warrant exercises, with about $140 million predictable to be used in connection with call options expiring in October 2015, about $700 million predictable to be used in connection with capped calls expiring in 2016, and about $715 million predictable to be used in connection with capped calls expiring in 2017. The remainder accessible under the new special program would be used for discretionary repurchases intended to supplement these hedging activities.
AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally.
At the end of Tuesday’s trade, Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)‘s shares dipped -2.67% to $8.40.
BBVA Compass declared the 19 members of its new community advisory board, which is stacked with leaders who will assist guide the bank’s efforts to better serve low- to moderate-income individuals and neighborhoods and strengthen its community development program.
The BBVA Compass Community Advisory Board’s members are from national organizations and in markets across the bank’s seven-state footprint and bring expertise in a variety of areas — affordable housing, alternative lending and economic development, for instance, in addition to financial education and inclusion. They’re tasked with giving BBVA Compass executives and board members guidance and feedback on the bank’s restructured Community Reinvestment Act program and will provide referrals for business opportunities in mortgage, small business and commercial lending that will assist the bank meet its CRA aims.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
Liberty Global, (NASDAQ:LBTYK), ended its Tuesday’s trading session with -1.75% loss, and closed at $45.04.
Liberty Global plc (LBTYA), declared the winners of its 2015 Vendor Awards at the Liberty Global Technology Summit at the Ziggo Dome in Amsterdam, the Netherlands on September 16. Senior executives from more than a hundred key vendor partners attended the event together with Liberty Global’s administration teams in the areas of technology, IT, product development and procurement.
Liberty Global recognized its partners’ achievements in five categories: Best Product & Service Quality, Best Support & After Sales, Best Innovation & Breakthrough, Most Sustainable Supplier and PartnerSpark.
The award for Best Product & Service Quality was won by Huawei, the Best Support & After Sales award was won by Prodapt, the award for Best Innovation & Breakthrough went to Alcatel Lucent and the Most Sustainable Supplier award was won by Cisco. The award for PartnerSpark was handed out to Dell. Spark is Liberty Global’s innovation initiative designed to source and refine ideas in response to real business challenges by tapping into the collective creativity of its employees and suppliers.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
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