On Wednesday, International Business Machines Corp. (NYSE:IBM)’s shares inclined 1.16% to $164.55.
IBM (NYSE: IBM) and Box (BOX) declared a global partnership that will combine the best-in-class technologies and resources of both companies to transform work in the cloud. Together, the companies plan to integrate their existing products and services and develop new, innovative solutions targeted across industries and professions ranging from medical teams working on complex cases to individuals negotiating consumer loans by mobile phone to engineers and researchers identifying patterns in patents, reports and academic journals.
As companies increasingly seek simple, secure partnership solutions that tap into local data and have global reach, this planned alliance brings together Box’s industry-leading cloud content partnership platform with IBM Analytics and Social solutions, IBM Security technologies and the global footprint of the IBM Cloud. The two companies will jointly deliver these solutions to market internationally, and IBM will also enable builders and developers to integrate Box APIs into enterprise apps and web services.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.
Blackstone Group LP (NYSE:BX)’s shares gained 0.02% to $40.88.
Blackstone (BX) declared that it will host a conference call for the media on Thursday, July 16, 2015 at 9:30 a.m. ET to review second quarter 2015 results.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets.
At the end of Wednesday’s trade, Apache Corporation (NYSE:APA)‘s shares dipped -2.69% to $56.08.
Apache Corporation (APA) declared that after a 21-year career with the company, Rodney J. Eichler, executive vice president and executive advisor to the chief executive officer, will retire at the end of June.
Eichler’s many contributions to Apache comprise assisting to build and shape the company’s position and noteworthy growth in Egypt as the country manager; overseeing major global development projects internationally as the chief operating officer – International, and most recently, leading the company’s global LNG business and facilitating the recent successful sale of those businesses in April 2015 as the chief executive officer of Kitimat LNG (Upstream).
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada. The company also operates assets in Egypt, Australia, and offshore the United Kingdom in the North Sea. As of December 31, 2014, it had total estimated proved reserves of 1,074 million barrels of crude oil, 282 million barrels of natural gas liquids, and 6.2 trillion cubic feet of natural gas.
Eldorado Gold Corp (USA) (NYSE:EGO), ended its Wednesday’s trading session with -3.14% loss, and closed at $4.01.
Eldorado Gold Corporation (EGO) , declared the completion of the Feasibility Study (“FS” or the “Study”) with its wholly owned partner Brazauro Recursos Minerais S/A (Brazauro) for the Tocantinzinho Gold Project. The Study was led by an internal team with technical support offered by various Canadian and Brazilian consultants. The Tocantinzinho project is located in the State of Pará, Northern Brazil.
Highlights
- 1.7 million oz of gold produced over the life of the project
- Using conventional open pit mining methods, mining a total of 41.1 million tonnes (Mt) of ore with a strip ratio of 3.5:1 over the mine life.
- Recoveries of 90.1% for primary ore and 75.0% for saprolite ore, utilizing a simple comminution, flotation and leaching process.
- Initial capital cost estimated at $466 million and sustaining capital, counting closure costs, estimated at $64 million.
- Cash operating costs of $572/oz.
- Generation of a positive NPV of $245 million at a 5% discount rate and an IRR of 13.5%.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada .
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