On Wednesday, The Western Union Company (NYSE:WU)’s shares inclined 0.10% to $20.42.
Western Union (WU), a leader in global payment services, declared the extension of its more than 30-year relationship with The Kroger Co. (KR), the nation’s largest grocery retailer. This agreement gives customers the ability to send and receive Western Union Money Transfer® transactions across the United States or across the globe to more than 200 countries and territories, in minutes*. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
Date accessible will be displayed on receipt for international transfers over $15. Service and funds availability depends on certain factors counting the Service selected, the selection of delayed delivery options, special terms applicable to each Service, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, and differences in time zones (collectively, “Restrictions”).
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. This segment provides various options for sending and receiving funds, counting walk-in and telephone money transfer, online money transfer, and account based money transfer services through a network of third-party agents using multi-currency and real-time money transfer processing systems.
At the end of Wednesday’s trade, Rex Energy Corporation (NASDAQ:REXX))‘s shares surged 16.73% to $3.00.
Rex Energy Corporation (REXX) declared its second quarter 2015 operational and financial results.
Second Quarter Financial Results
Operating revenue from ongoing operations for the three and six months ended June 30, 2015 was $45.8 million and $99.9 million, respectively, which represents a decrease of 37% and 35% over the same periods in 2014, respectively. Commodity revenues, counting settlements from derivatives, were $59.3 million and $124.0 million for the three and six months ended June 30, 2015, respectively, a decrease of 16% for each of the comparable periods of 2014. Commodity revenues from oil and natural gas liquids (NGLs), counting settlements from derivatives, represented 49% of total commodity revenues for the three months ended June 30, 2015.
Counting the effects of cash settled basis differential derivatives, the company’s basis differential for its Appalachian Basin assets averaged about ($0.77) off the Henry Hub price of $2.64 for the three months ended June 30, 2015.
Rex Energy Corporation operates as independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
BB&T Corporation (NYSE:BBT), ended its Wednesday’s trading session with -1.58% loss, and closed at $39.31.
BB&T (BBT) declared it has accomplished its acquisition of The Bank of Kentucky Financial Corporation. Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened recently under the BB&T name.
The acquisition, which was declared in September 2014, comprises 32 retail branches in northern Kentucky and Cincinnati. The merger comprises $1.6 billion in deposits, $1.3 billion in loans and total assets of $1.9 billion based on March 31, 2015, balances. BB&T received the required regulatory approvals for the acquisition earlier this year.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. The company’s deposit products comprise noninterest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts.
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