On Friday, Cloud Peak Energy Inc. (NYSE:CLD)’s shares declined -2.15% to $3.18.
Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, declared results for the second quarter and first six months of 2015.
Highlights and Recent Developments
- Second quarter 2015 Adjusted EBITDA of $10.6 million contrast to $45.2 million for the second quarter of 2014.
- Shipments for the second quarter of 2015 were 16.0 million tons, down from 20.6 million tons for the same period in 2014 due to weather-related impacts to the railroads and mines, together with Cordero Rojo Mine transitioning to lower production levels.
- Cost per ton was $10.75 in the second quarter of 2015, increasing from $10.48 in the second quarter of 2014. The higher unit costs were primarily attributed to lower shipments.
- A $33.4 million non-cash impairment charge regardinggoodwill from a 1997 acquisition was recorded at the Company’s 8400 Btu Cordero Rojo Mine.
- The final lease by application (“LBA”) payments of $69 million were made in June resulting in no further committed payments going forward.
- Accessible liquidity of $627.6 million, counting cash and investments of $95.5 million, at June 30, 2015.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
TJX Companies Inc (NYSE:TJX)’s shares gained 0.29% to $69.82.
The TJX Companies, Inc. (TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, recently declared that it has signed a definitive agreement to purchase Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited (GZL.AX) for a purchase price of AUD$80 million. The potential acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX presently operates one of its 13 buying offices. TJX anticipates the transaction, which has customary conditions to closing, to be consummated by the end of calendar 2015.
Trade Secret offers branded apparel for women, men and children, as well as footwear, accessories and home fashions at great values. Virtually all of the Trade Secret stores are located in the eastern part of Australia. Trade Secret opened its first store in 1992 and since then, has grown to AUD$164.5 million in revenue for its fiscal year ended June 2015.
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The company sells family apparel, counting footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; and other merchandise.
At the end of Friday’s trade, HD Supply Holdings Inc (NASDAQ:HDS)‘s shares surged 1.68% to $35.80.
HD Supply Holdings, Inc. (HDS) the indirect parent of HD Supply, Inc., declared recently the sale of an aggregate of 30,539,550 shares of the Company’s common stock by certain of the Company’s stockholders, counting an investment fund associated with Bain Capital Partners, LLC, and THD Holdings, LLC (collectively, the “Selling Stockholders”) to Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, as the underwriters in the registered public offering of those shares. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. Following the offering, the Selling Stockholders will not own any shares of common stock of HD Supply Holdings, Inc.
HD Supply Holdings, Inc. operates as an industrial distributor in North America. The companys Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, in addition to heating, ventilating, and air conditioning products. Its Waterworks segment provides pipes, fittings, valves, hydrants, and meters for use in the construction, maintenance, and repair of water and waste-water systems, in addition to fire-protection systems; and smart meters, fusible piping solutions, and engineered treatment plant products and services.
Viacom, Inc. (NASDAQ:VIAB), ended its Friday’s trading session with 1.14% gain, and closed at $57.00.
Viacom Inc. (VIAB), declared that it has attained a 50% interest in Prism TV Private Limited for 9.4BN rupees (about $153M USD). Prism TV owns and operates regional entertainment channels in India, counting ETV Marathi, ETV Kannada, ETV Bangla, ETV Oriya and ETV Gujarati, all of which were recently rebranded under the ‘COLORS’ umbrella.
The transaction was accomplished between Nickelodeon Asia Holdings Pte Ltd., a wholly owned partner of Viacom Inc., and Shinano Retail Private Limited, a company effectively 100% owned by Reliance Industrial Investments and Holdings Limited, a wholly owned partner of Reliance Industries Limited. The parties received clearance from India’s Foreign Investment Promotion Board earlier this month.
With this acquisition, Viacom Inc. will hold 50% of Prism TV and the remaining 50% interest will continue to be owned by the Network18 Group, Viacom’s partner in the Viacom18 joint venture. Viacom18 is the fastest growing entertainment network in India, operating 10 channels counting MTV, Nickelodeon, Comedy Central and COLORS, a leading Hindi general entertainment brand. The deal gives Viacom a noteworthy presence in the fast growing regional TV sector in India, where almost 60% of the population of more than 1.2 billion people speaks regional dialects as their first language. Collectively, regional TV stations account for the second largest share of viewing in the Indian market, behind only Hindi general entertainment channels.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content. It operates in two segments, Media Networks and Filmed Entertainment. The Media Networks segment provides entertainment content and related branded products through about programmed and operated 230 TV channels, counting MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, Comedy Central, TV Land, SPIKE, Channel 5, Tr3s, Paramount Channel, and VIVA, in addition to through online, mobile, and apps.
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