On Monday, Shares of Rosetta Resources, Inc. (NASDAQ:ROSE), surged 27.19% to $24.58.
According to MarketWatch, Noble Energy Inc.’s $2.1 billion deal to buy smaller rival Rosetta Resources Inc. sets a new benchmark for future oil-patch acquisitions.
The deal, which the companies are calling a merger, is the first involving a sizable U.S. energy producer following last year’s downtown in oil prices.
The volatility paralyzed mergers and acquisitions in much of the energy sector. But Noble’s NBL, bid for Rosetta ROSE, an active driller in Texas, coupled with U.S. oil prices rebounding to around $60 a barrel shows that disconnect may be disappearing, analysts said.
Rosetta Resources Inc., an independent exploration and production company, acquires and develops onshore energy resources in the United States. It owns producing and non-producing oil, natural gas liquids (NGLs), and natural gas properties in proven or prospective basins that are primarily located in the Eagle Ford shale in South Texas and in the Permian Basin in West Texas.
Shares of Oracle Corporation (NYSE:ORCL), declined -0.39% to $43.84, during its last trading session.
Oracle Corporation — To assist optimize its global transportation network, Panduit, a manufacturer of solutions that connect, manage and automate the physical infrastructure, has selected Oracle Transportation Administration Cloud to support business growth and market expansion.
In order to maintain its competitive advantage, Panduit needed to continue to deliver a superior customer experience while bringing new solutions to market. With Oracle Transportation Administration Cloud, Panduit can take advantage of embedded analytics, raised visibility, and improved administration, to assist enhance operational efficiencies. By streamlining transportation processes, Panduit anticipates to lower spend and reallocate resources to more planned efforts that enable it to better compete.
In addition to increasing efficiencies and lowering costs, Oracle Transportation Administration Cloud can assist Panduit improve customer service, decrease supply chain lead times and mitigate supply chain and trade compliance risk. As part of the industry’s most complete enterprise-class cloud, Oracle Transportation Administration Cloud also enables Panduit to benefit from the latest product innovations and improvements via automated product and platform upgrades designed to ease up the burden placed on IT.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It provides software and hardware systems, and related services to manage their cloud-based or on-premise IT environments, in addition to deploy cloud software-as-a-service, platform-as-a-service, and infrastructure-as-a-service.
At the end of Monday’s trade, Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN), gained 0.82% to $11.09.
For the third year in a row, Huntington Bank has been ranked the highest in the North Central Region in J.D. Power’s 2015 U.S. Retail Banking Satisfaction StudySM. The findings show Huntington as maintaining the top spot for the third successive year among the largest financial institutions in the region.
This year’s survey results show Huntington Bank as scoring 835, an enhance of 7 points from last year, out of a 1,000-point scale in the North Central Region.
J.D. Power’s study indicates that Huntington has performed particularly well in the product offerings and fees factors.
The 2015 U.S. Retail Banking Satisfaction Study took into account a total of 23 banks when reviewing the North Central Region and measured satisfaction in six factors: account information; channel activities; facility; fees; problem resolution; and product offerings.
Huntington has made noteworthy investments in its customers starting with its 2010 introduction of 24-Hour Grace® and Asterisk-Free Checking® account. It has also invested in making access to accounts faster and easier with investments in Huntington Mobile Deposit and Huntington Quick Balance. The bank also recently debuted a new website that is compatible across all digital platforms and one that resonates with its Welcome culture.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury administration services.
Finally, Southwestern Energy Co. (NYSE:SWN), ended its last trade with -0.83% loss, and closed at $28.70, as oil prices fall recently on a strengthening dollar and a warning from OPEC that oil prices will remain low for the foreseeable future.
Crude prices have rallied over 40% from its lows in recent weeks as the rise in global supplies have tapered over the past few months.
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. The company operates in two segments, Exploration, Development and Production; and Midstream Services.
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