On Wednesday, Interpublic Group of Companies Inc (NYSE:IPG)’s shares inclined 0.62% to $19.39.
Companies Inc (IPG) declared that it will release earnings for the second quarter ended June 30, 2015 on the morning of July 22, 2015. Following the release, the company will hold a conference call for investors at 8:30 a.m. Eastern Time on the same day to review results.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also offers various diversified services, counting public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and planned marketing consulting.
Hess Corp. (NYSE:HES)’s shares dropped -2.12% to $65.46.
Hess Corporation (HES) (the “Company”) declared recently that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensive midstream energy investment track record, for cash consideration of $2.675 billion. Hess and Global Infrastructure Partners will create a premier midstream joint venture – Hess Infrastructure Partners. Upon closing, the joint venture will incur $600 million of debt through a 5-year Term Loan A facility with proceeds distributed equally to both partners, resulting in total after-tax cash proceeds, net to Hess, of $3.0 billion. In addition the joint venture will have independent access to capital counting a $400 million 5-year Senior Revolving Credit Facility, which is fully committed. The joint venture upon closing plans to continue to pursue a projected initial public offering (IPO) of Hess Midstream Partners LP common units.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway. As of December 31, 2014, it had total proved reserves of 1,431 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.
At the end of Wednesday’s trade, Bill Barrett Corporation (NYSE:BBG)‘s shares dipped -10.24% to $7.71.
Bill Barrett Corporation (BBG) declared that it has filed a prospectus supplement with the Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate gross sales price of up to $100 million following an “at-the-market” offering program (the “ATM Program”). The shares would be offered following an equity distribution agreement between the Company and Goldman, Sachs & Co. (the “manager”).
The Company intends to use the proceeds from any sales for general corporate purposes, counting additional capital spending associated with the accelerated development of the Company’s Denver-Julesburg Basin properties.
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.
Weyerhaeuser Co (NYSE:WY), ended its Wednesday’s trading session with 1.64% gain, and closed at $32.01.
Weyerhaeuser Co (WY) has designated David Helmers to lead the division as vice president. The promotion comes at a time of growth for Weyerhaeuser Distribution, which over the past year has expanded its sales teams at several facilities and introduced a range of new product lines in multiple regions.
Helmers is a 20-year veteran of Weyerhaeuser, most recently serving as director of sales and business development for Weyerhaeuser Distribution. He has held numerous other leadership positions within the company, counting sales and operations process leader, mill manager, and corporate safety and environmental leadership.
Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada. The firm manufactures wood and specialty cellulose fibers products, and develops real estate, primarily as a builder of single-family homes. Weyerhaeuser Co was founded in 1900 and is based in Federal Way, Washington.
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