On Friday, Discover Financial Services (NYSE:DFS)’s shares declined -0.84% to $55.81.
Discover is giving students who sign up for a new Discover student credit card an added incentive to get good grades while they are in school. New student cardmembers who apply after July 23, 2015 will be rewarded with $20 in Cashback Bonus® if their grade point average is 3.0 (or equivalent) or higher each year they are enrolled in school, for the first five years from the account opening.
The Good Grades $20 Cashback Bonus will be in addition to the current rewards structures for the two student credit cards Discover has accessible:
- Discover it®chrome for Students offers an automatic 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases quarterly.
- Discover it®for Students offers 5% cash back in categories that change each quarter, up to the quarterly maximum in combined purchases, when you sign up.
- Both cards earn 1% cash backon all other purchases.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
Stone Energy Corporation (NYSE:SGY), ended its Friday’s trading session with -11.60% loss, and closed at $5.79.
Stone Energy Corporation (SGY) offered a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of plan and below budget, and drilling has been accomplished through the targeted zones. The well encountered about 288 feet of net pay in two intervals, similar to the Cardona #5 net pay of 275 feet. Analysis of logging and pressure data confirmed the existence of oil in the pay zones. The well has been successfully cased and cemented across all productive zones, the subsea tree has been installed and completion operations have begun. The well will be tied into our existing Cardona subsea infrastructure, which flows into Stone’s Pompano platform. It is predictable that gross production from Cardona #6 will reach about 5,000 Boe per day (65% working interest) from the lower completion by late September.The upper completion is predictable to have a similar production rate and will be accessed in the future by hydraulically shifting sleeves between the upper and lower completions.
Upon completion of the Cardona #6 well, the ENSCO 8503 deepwater drilling rig will be released for about 60 days to receive planned maintenance and to be outfitted with mooring capabilities. The rig will then be mobilized to Mississippi Canyon block 26 to finish the completion of the Amethyst discovery (100% working interest). Amethyst will also be tied back to the Pompano platform, where first production is predictable early in the first quarter of 2016. Following the Amethyst completion, the rig is presently projected to drill the Cardona #7 development well and the Lamprey deep water exploration prospect.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of about 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.
Eli Lilly and Co (NYSE:LLY)’s shares gained dropped XXX% to $84.54.
Eli Lilly and Company (LLY) has accepted the recommendation of the ACCELERATE study data monitoring committee to continue the Phase 3 trial of the investigational medicine evacetrapib, based on data from an interim futility analysis.
Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. It operates in two segments, Human Pharmaceutical Products and Animal Health products. The company offers endocrinology products to treat diabetes; osteoporosis in postmenopausal women and men; human growth hormone deficiency and pediatric growth conditions; and testosterone deficiency.
At the end of Friday’s trade, FNT FOREVER NEW TECHS INC(FRA:FNF)‘s shares surged dipped XXX% to $1.79.
Fidelity National Financial, Inc. recently declared the completion of a recapitalization of ServiceLink Holdings, LLC (“ServiceLink”) through a conversion of $505 million of the $566 million intercompany note principal and interest into additional equity ownership in ServiceLink. As a result of this recapitalization, FNF has raised its ownership stake in ServiceLink to 79% from 65%. ServiceLink now has $61 million in principal and interest in intercompany debt and $580 million in principal in mirror notes for a total of $641 million in combined intercompany and mirror note principal and interest outstanding with Fidelity National Financial, Inc.
Fidelity National Financial, Inc., together with its auxiliaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. It operates through Title, BKFS, and Restaurant Group segments. The Title segment offers title insurance, escrow, and other title related services, counting collection and trust activities, trustee’s sales guarantees, recordings and reconveyances, and home warranty insurance.
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