On Thursday, Oneok Partners LP(NYSE:OKS)’s shares inclined 0.56% to $32.18.
ONEOK, Inc. (OKE) declared second-quarter 2015 financial results.
SECOND-QUARTER AND YEAR-TO-DATE 2015 FINANCIAL PERFORMANCE
Second-quarter 2015 results raised, contrast with the second quarter 2014, due primarily to higher natural gas and natural gas liquids volumes at ONEOK Partners (OKS).
Variances in financial performance in the first six months of 2015, contrast with the same period in 2014, are primarily a reflection of significantly higher weather-related seasonal demand in the Midwest, resulting in higher prices for propane and natural gas, due to severely cold weather during the first quarter 2014 and sustained lower commodity prices through the first half of 2015.
Enhances in second-quarter 2015 operating income reflect:
- Higher NGL exchange-services volumes from recently connected natural gas processing plants in the Williston Basin, Powder River Basin and Mid-Continent regions, and additional revenues from minimum volume obligations;
- Higher NGL transportation margins, primarily from the acquisition of the West Texas LPG pipeline system; and
- Higher margins due to changes in contract mix and higher natural gas volumes gathered, processed and sold, and higher NGL volumes sold, in the natural gas gathering and processing segment; offset partially by
- Lower net realized NGL, natural gas and condensate prices.
ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
Infinity Pharmaceuticals Inc.(NASDAQ:INFI)’s shares dropped -4.99% to $8.56.
Infinity Pharmaceuticals, Inc. (INFI) will take part in three forthcoming investor conferences. On September 16, 2015, Infinity will present at the Morgan Stanley 2015 Healthcare Conference in New York City. The corporate presentation will be webcast live, and will be accessible on the “investors/media” section of the company’s website, www.infi.com and will be accessible for 30 days following the events.
On September 9, 2015, Infinity will take part in the FBR Second Annual Healthcare Conference in Boston. On September 10, 2015, Infinity will take part in a panel talk aboution at the Wells Fargo Securities 10th Annual Health Care Conference in Boston. There will be no formal webcasting at these two events.
Infinity Pharmaceuticals, Inc., a drug discovery and development company, discovers, develops, and delivers medicines to patients with difficult-to-treat diseases. Its lead product candidate comprises IPI-145, an oral inhibitor of the delta and gamma isoforms of phosphoinositide-3-kinase (PI3K) for the treatment of hematologic malignancies. The company is developing DYNAMO, which is in Phase II study to evaluate the safety and efficacy of IPI-145 dosed at 25 mg; DYNAMO+R that is in Phase III randomized study to evaluate IPI-145 dosed at 25 mg in combination with rituximab, a monoclonal antibody treatment; and DUO, which is in randomized Phase III monotherapy study evaluating IPI-145 dosed at 25 mg in patients with relapsed or refractory chronic lymphocytic leukemia (CLL).
At the end of Thursday’s trade, Michaels Companies Inc(NASDAQ:MIK)‘s shares surged 0.19% to $25.97.
Michaels (MIK), North America’s largest arts and crafts specialty retailer, declares the theme of its popular Passport to Imagination summer kids crafting program. This year, the low-cost, in-store sessions will focus on summer vacation fun, counting lake picnics, afternoons at the beach, county fairs, music festivals and more.
Passport to Imagination starts July 6 and will run through August 21 in all Canadian stores, with three classes per week, on Monday, Wednesday and Friday from 10 a.m. to noon. For just $5 per class, or three sessions for $12, kids ages 5-10 can create projects that relate to summer activities, with a different theme every week. Registration for the program is accessible online and in stores.
The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores under the Michaels and Aaron Brothers names in North America. The company’s Michaels stores offer about 35,000 stock-keeping units in arts, crafts, framing, floral, home décor and seasonal, scrapbooking, and seasonal merchandise. Its Aaron Brothers stores offer about 7,000 stock-keeping units, counting photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.
Zillow Group, Inc.- Class A (NASDAQ:ZG), ended its Thursday’s trading session with 1.14% gain, and closed at $26.71.
Zillow Group (ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, recently declared the pending sale of Market Leader to the Perseus Division of Constellation Software, Inc., an international provider of market-leading software and services, for $23 million USD. The sale is predictable to close early in the fourth quarter.
“Market Leader provides the real estate industry’s leading customer relationship administration system and is an important tool for tens of thousands of agents and brokers,” said Kathleen Philips, Zillow Group chief financial officer. “Since we closed our acquisition of Trulia, we’ve been assessing how Market Leader would fit with our broader business strategy, and we felt that Market Leader’s customers and employees would be best served by a company with deep roots in delivering enterprise software, and by a company for whom Market Leader would be a core offering. We chose Constellation as the buyer because they are excited about investing in Market Leader products, supporting Market Leader customers, and ongoing to work with Market Leader employees. We will continue to partner with Market Leader through Zillow Tech Connect, which sends Premier Agents’ leads into any CRM of their choosing.”
Market Leader became part of Zillow Group through Zillow Group’s acquisition of Trulia®, which closed in February 2015. The company is based in Bellevue, Wash., and has 102 employees. The other lead generation businesses housed within Market Leader are being sold as well, counting Market Leader Leads Direct and HouseValues.com.
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