On Thursday, T. Rowe Price Group Inc (NASDAQ:TROW)’s shares declined -1.85% to $77.28.
T.Rowe Price Group Inc (TROW)’s Retirement Saving & Spending Study revealed that a national sample of 1,505 millennials with 401(k)s have relatively good financial habits, particularly when compared with a national sample of 514 baby boomers with 401(k)s. While millennials are not saving at least 15% of their annual salary for retirement, as T. Rowe Price recommends, they recognize that saving for retirement is important and are interested in saving more.
More millennials than baby boomers track expenses carefully (75% vs. 64%) and stick to a budget (67% vs. 55%). And while baby boomers on average are saving a slightly higher percentage of their salary for retirement than millennials are saving, more millennials have raised their retirement savings within the past 12 months (40% vs. 21%). This suggests that they are acting in accordance with their financial priorities, as millennials ranked contributing to a 401(k) but below the match and paying down debt equally as their top priority.
T.Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. Through its auxiliaries, it launches and manages equity and fixed income mutual funds. The firm also launches balanced mutual funds and private equity funds.
Gastar Exploration Inc (NYSEMKT:GST)’s shares dropped -1.08% to $1.83.
Gastar Exploration Inc. (GST) declared that it will release its second quarter 2015 results on Friday, August 7, 2015 after the market closes. In conjunction with the release, Gastar has planned a conference call for 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Monday, August 10. Investors may take part in the call either by phone or audio webcast.
Gastar Exploration Inc., an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities comprise the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.
At the end of Thursday’s trade, Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)‘s shares dipped -6.00% to $5.33.
Silver Standard Resources Inc. (SSRI) declared that John Smith will retire as the Company’s President and CEO effective July 31, 2015. The Board of Directors have designated Paul Benson as President and CEO.
After five years as President and CEO, John Smith has made a decision to retire and return to Australia. After an extensive international search the Board has designated Paul Benson as President and CEO effective August 1, 2015. John will continue in his role until July 31, 2015 and will be accessible as an advisor to Paul and the Board until December 31, 2015.
Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits.
Goodyear Tire & Rubber Co (NASDAQ:GT), ended its Thursday’s trading session with -0.46% loss, and closed at $30.00.
The Goodyear Tire & Rubber Company (GT) has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear will start using the silica this year in a consumer tire that will be manufactured in its factory in Pulandian, China, and sold in China.
Goodyear has tested silica derived from rice husk ash over the past two years at its Innovation Center in Akron and found its impact on tire performance to be equal to traditional sources.
Silica is used as a reinforcing agent in tire tread compounds. Contrast to carbon black, a traditional reinforcing agent for tires, silica reduces rolling resistance. Lower rolling resistance, in turn, improves a car’s fuel economy. It also can have a positive impact on a tire’s traction on wet surfaces.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, in addition to under the private-label brands.
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