On Tuesday, Century Aluminum Co (NASDAQ:CENX)’s shares inclined 4.96% to $11.85.
Century Aluminum Co (CENX) and unionized workers at its Hawesville, Kentucky, smelter resumed negotiations on Friday, more than three weeks after a lockout began, the local chapter of the United Steelworkers said in a post on its website.
Talks will continue on Monday after a recess this weekend, the union said. Output at the 244,000 tonne-per-year smelter has not been affected, according to Century, which is controlled by Swiss commodities tradehouse Glencore.
Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1981 and is headquartered in Chicago, Illinois.
Paragon Offshore PLC (NYSE:PGN)’s shares dropped -4.58% to $1.25.
Paragon Offshore PLC (PGN) declared that it has reached a sale-leaseback agreement, worth $300 million, with SinoEnergy Corp., a British Virgin Islands registered private investment company.
Per the deal, Paragon Offshore is predictable to sell two of its heavy duty jack-up rigs – capable of operating in a harsh environment – and will simultaneously lease the units back for a period of five years. The company added that the fund from the sale should boost its liquidity and be utilized for reducing debt.
After deducting fees and expenses, Paragon Offshore will likely get $292 million from the divestment – implying Paragon Offshore’s intention to free up cash especially in the unfavorable oil pricing environment.
It is to be noted, that through Nov 2016, the dayrate for one rig is $71,000. For the remaining period of the rig’s charter, the dayrate is anticipated to come down to $42,000 each day. Moreover, the other jackup’s initial day rate per day will likely be $71,000 through Feb 2018. After that, the rate will decrease to $42,000 for the remaining period.
Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.
At the end of Tuesday’s trade Bank of Montreal (USA) (NYSE:BMO)‘s shares surged 1.15% to $60.88.
More results
Bank of Montreal (USA) (BMO) while the majority of Canadians would like to improve their financial standing, many admit that bad spending and savings habits and an unwillingness to make sacrifices are keeping them from doing so.
The poll, conducted by Pollara, revealed:
- The vast majority of Canadians (88 per cent) would like to improve their financial standing; however, more than one-quarter (27 per cent) do not know where to start.
- More than one third (38 per cent) say they have developed bad spending and savings habits that are negatively affecting their finances, while another 31 per cent are not willing to give up the things they enjoy to improve their financial standing.
Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. The company’s personal and commercial banking products and services comprise chequing and savings accounts; banking services, counting 24/7 banking, direct deposits, bill payments, overdraft services, money transfers, wire transfers, and travel insurance; credit cards; mortgages; loans and lines of credit; and creditor insurance.
KBR, Inc. (NYSE:KBR), ended its Tuesday’s trading session with 0.59% gain, and closed at $20.60.
KBR, Inc. (KBR) declared it has agreed to sell its Building Group partner to Pernix Building Group, LLC, a partner of Pernix Group, Inc.
The sale of the Building Group is comprising with the company’s restructuring plans which were declared at KBR’s Investor Day in New York last December.
The transaction’s price is $22 million, subject to working capital adjustments, with closing predictable by June 30, 2015. KBR anticipates to record a pre-tax gain of about $28 million in its second quarter 2015 financial results.
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services. The Technology & Consulting segment offers various services and solutions, counting licensing, engineering and design, proprietary equipment, plant automation, catalysts, and related consulting services to hydrocarbons, chemicals, and fertilizer markets.
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