On Monday, Plug Power Inc (NASDAQ:PLUG)’s shares inclined 14.81% to $2.17.
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, congratulates The Home Depot on its new distribution warehouse in Troy Township near Toledo, Ohio. Recently, CEO Andy Marsh will attend the grand opening ceremony to offer his support to the sustainability-focused home repair giant, and commend the organization for its adoption of hydrogen fuel cells to power the center’s material handling vehicles.
The Home Depot implemented a comprehensive GenKey solution that improves productivity and eliminates lead-acid batteries in the warehouse. This comprised of construction of an outdoor GenFuel hydrogen fueling infrastructure, installation of four indoor hydrogen-dispensing stations, and deployment of 172 Plug Power GenDrive fuel cells in the center’s forklift trucks. The package also comprises GenCare aftermarket service and support.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide.
Mondelez International Inc (NASDAQ:MDLZ)’s shares dropped -0.05% to $42.85.
At the Barclays Global Consumer Staples conference recently, Mondelēz International updated investors on aggressive cost-reduction programs and outlined how the company is increasing investments to accelerate revenue growth.
Reinventing the Global Supply Chain and Delivering World-Class Productivity
Gladden offered an update on the company’s journey to reinvent its global supply chain, which is now delivering world-class productivity of more than 3 percent of cost of goods sold.
In addition, Gladden highlighted the company’s efforts to reconfigure its manufacturing network. Since 2012, Mondelēz International has closed, sold or streamlined 78 production facilities, and accomplished or declared the construction of 14 greenfield or brownfield sites, with 40 new state-of-the-art manufacturing lines predictable to be on-stream by year-end 2015.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
At the end of Monday’s trade, Ascena Retail Group Inc (NASDAQ:ASNA)‘s shares surged 3.43% to $13.87.
Ascena Retail Group, inc. (ASNA) stated financial results for its fiscal fourth quarter and full year ended July 25, 2015.
For the fourth quarter of Fiscal 2015, the Company stated a loss from ongoing operations of $1.98 per diluted share contrast to earnings from ongoing operations of $0.10 per diluted share in the same period of Fiscal 2014. The Fiscal 2015 loss primarily reflects a $306 million impairment of goodwill and an intangible asset at Lane Bryant and an about $50 million accrual for costs related to the Justice pricing lawsuits. Adjusted earnings from ongoing operations for the fourth quarter of Fiscal 2015 were $0.06 per diluted share, contrast to $0.13 per diluted share for the fourth quarter of Fiscal 2014. Reference should be made to Note 1 in the accompanying unaudited condensed merged financial information for a talk about of the “Use of Non-GAAP Financial Measures.”
For the full year Fiscal 2015, the Company stated a loss from ongoing operations of $1.46 per diluted share as a result of the charges talk about above contrast to earnings from ongoing operations of $0.84 per diluted share in the same period of Fiscal 2014. Adjusted earnings from ongoing operations for the full year Fiscal 2015 were $0.59 per diluted share, contrast to $1.00 per diluted share in the preceding year.
Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments.
Spectra Energy Corp. (NYSE:SE), ended its Monday’s trading session with 1.22% gain, and closed at $28.26.
Spectra Energy Corporation SE has withdrawn itself from the auction for the acquisition of rival pipeline company Williams Companies Inc. WMB. Per sources, this has raised the chances of Energy Transfer Equity LP ETE finally purchasing the company.
In June, Williams put itself up for auction after rejecting an acquisition proposal from Energy Transfer Equity. The offer was valued at $53.1 billion, which comprised of assumption of the Williams’ debt at the time. The projected deal, however, was dependent upon Williams’ plans to call off the acquisition of the portion of its pipeline partner Williams Partners LP WPZ that was not already owned by it for $14 billion.
The proposal was rejected by Williams it undervalued the company. No details have been revealed so far by the representatives for Williams, Spectra and Energy Transfer Equity.
Williams’ board met last weekend to evaluate all options counting buyout offers received in August. Per sources, Williams is still indecisive about remaining independent or selling itself to Energy Transfer Equity.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
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