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Saturday 1 August 2015
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Latest Update

Pre-Market News Alert on: Activision Blizzard, (NASDAQ:ATVI), Enterprise Products Partners L.P.(NYSE:EPD), CIT Group (NYSE:CIT), McDonald’s (NYSE:MCD)

On Tuesday, Activision Blizzard, Inc. (NASDAQ:ATVI)’s shares inclined 0.39% to $25.71.

Recently Sierra™, part of Activision Publishing, Inc., a wholly owned partner of Activision Blizzard, Inc. ( ATVI), released the first chapter in its new reimagining of one of adventure gaming’s most treasured franchises, King’s Quest™. Titled King’s Quest: A Knight to Remember, this debut chapter is now accessible as a digital download in North America for $9.99 on Windows PC via Steam. It will be accessible later recently for the same price on the PlayStation®4 and PlayStation®3 computer entertainment systems through the PlayStation®Store, in addition to for Xbox One and Xbox 360 on the Xbox Games Store. It is rated E10+ (Everyone 10 and Up) by the ESRB.

Players may also purchase King’s Quest: The Complete Collection, a bundle containing all five chapters of the new King’s Quest together with an exclusive bonus playable story epilogue*, for $39.99 on the PlayStation®Store, Xbox Games Store and Steam. Alternately, those who buy King’s Quest: A Knight to Remember individually at launch can choose to purchase the King’s Quest Season Pass, securing their access to the remaining four chapters of the game once accessible, but not the bonus epilogue, for $29.99.

Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.

Enterprise Products Partners L.P.(NYSE:EPD)’s shares gained 3.09% to $29.05.

Enterprise Products Partners L.P. (EPD) declared it has closed on the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. (“Genesis”) for about $1.5 billion in cash.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets comprise about 49,000 miles of onshore pipelines; 225 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.

At the end of Tuesday’s trade, CIT Group Inc. (NYSE:CIT)‘s shares dipped -1.01% to $46.04.

CIT Group Inc. (CIT) stated net income of $115 million, $0.66 per diluted share, for the quarter ended June 30, 2015, contrast to net income of $247 million, $1.29 per diluted share, for the second quarter of 2014. Net income for the six month period ended June 30, 2015 was $219 million, $1.24 per diluted share, contrast to $364 million, $1.88 per diluted share, for the period ended June 30, 2014. The three and six month periods ended June 30, 2014 comprised of $52 million, $0.27 per diluted share, and $54 million, $0.28 per diluted share, of income from a suspended operation, respectively.

Summary of Second Quarter Financial Results from Ongoing Operations

All references in this section relate to ongoing operations and therefore do not comprise any of the assets or results of operations of the suspended operation, which were sold in the second quarter of 2014.

Income from ongoing operations of $115 million, net of a $38 million tax provision, reflects a stable Net Finance Margin (NFM) and lower provision for credit losses. Net income comprises $4 million of charges related to portfolios that we are exiting.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries.

McDonald’s Corporation (NYSE:MCD), ended its Tuesdays trading session with 1.34% gain, and closed at $97.33.

McDonald’s Corporation recently declared results for the second quarter ended June 30, 2015.

Second quarter results comprised of:

  • Global comparable sales decrease of 0.7%, reflecting negative guest traffic in all major segments
  • Merged revenues decrease of 10% (enhance of 1% in constant currencies)
  • Merged operating income decrease of 16% (6% in constant currencies), due in part to about $45 million of restructuring charges incurred to optimize the Company’s global operating structure
  • Diluted earnings per share of $1.26, a decrease of 10% (1% in constant currencies)
  • Returned $2.5 billion to shareholders through share repurchases and dividends, bringing the year-to-date return to shareholders to $3.9 billion in connection with our 3-year target to return $18-20 billion to shareholders by the end of 2016.

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages. A

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