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Tuesday 9 June 2015
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Late Afternoon News Analysis on: FirstEnergy Corp. (NYSE:FE), ITC Holdings Corp. (NYSE:ITC), Cardinal Health Inc (NYSE:CAH)

On Monday, in the course of current trade, Shares of FirstEnergy Corp. (NYSE:FE), climbed 0.12%, and is now trading at $ 34.45.

FirstEnergy Corp. has designated 13 educators from Ohio and western Pennsylvania to serve two-year terms on the company’s Educational Advisory Council.

The new council members are:

  • Jennifer Blankenship, instructional specialist at Roswell Kent Middle School in Akron, Ohio
  • Abbey Bolton, principal, Davey Elementary School, Kent, Ohio
  • Cherie Conrad, 9th grade environmental science teacher at Western Beaver High School in Industry, Pennsylvania
  • Jeannette Dumot, the district science coach for the Parma City Schools in Parma, Ohio
  • Sarah Eppler, 1st grade teacher at Giles-Sweet Elementary School in Fairview Park, Ohio
  • Lora Finn, 4th grade math, science and reading teacher at Amherst Elementary School in Amherst, Ohio
  • Dale Hluch, fiscal agent and treasurer at the Bio-Med Science Academy STEM School in Rootstown, Ohio
  • Larry Johnson, principal of the National Inventors Hall of Fame STEM School in Akron, Ohio
  • Raymond Douglas Jones, 3rd grade mathematics teacher at Louisville Elementary School in Louisville, Ohio
  • Jessie Kubuske, biology teacher at Lake High School in Millbury, Ohio
  • Danny Savage, advanced chemistry teacher at Coventry High School in Springfield Township, Ohio
  • Casey Smith, 1st grade teacher at Hilton Elementary School in Brecksville, Ohio
  • Joan Stoner, 5th grade science teacher at C.E. Budd Elementary School in Loudonville, Ohio

FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.

During an Afternoon trade, Shares of ITC Holdings Corp. (NYSE:ITC), climbed 1.58%, and is now trading at $ 33.39.

ITC Holdings Corp., declared it has filed a major permit application with the U.S. Department of Energy (DOE) for the ITC Lake Erie Connector merchant transmission line. The purpose of the DOE filing is to obtain the Presidential Permit necessary for international border-crossing projects.

The ITC Lake Erie Connector is a projected 1000 MW, bi-directional, High-Voltage Direct Current (HVDC) merchant transmission line that will provide the first direct link between the markets of the Ontario Independent Electricity System Operator (IESO) and PJM Interconnection, LLC (PJM). The ITC Lake Erie Connector will enable transmission customers to more efficiently access energy, capacity, and renewable energy credit opportunities in both markets.

ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems.

Shares of Cardinal Health Inc (NYSE:CAH), during its Monday’s current trading session raised 0.28%, and is now trading at $ 88.19.

Cardinal Health, declared that its March 1, 2015 binding offer to acquire Johnson & Johnson’s Cordis business for $1.944 billion in cash was formally accepted. The offer was accepted after consultations with relevant works councils and trade unions. The transaction is predictable to close in the United States and key non-U.S. countries towards the end of 2015, subject to regulatory clearances and other customary closing conditions.

Headquartered in Fremont, Calif., Cordis had annual sales in calendar year 2014 of about $780 million, split almost evenly between cardiology and endovascular products. Cordis is a global company with a growing portfolio of products and talented people serving healthcare systems throughout the world. While the U.S. is the largest single market, 70 percent of total sales come from outside the U.S. Cordis’ international presence comprises operations in more than 50 countries, counting China, Japan, Germany, Italy, France, the United Kingdom, and Brazil.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical.

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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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