On Wednesday, Shares of BlackBerry Limited (NASDAQ:BBRY), gained 0.23% to $8.83.
BlackBerry Limited, offered an update on its planned share repurchase program to purchase for cancellation up to 12 million BlackBerry common shares, or about 2.5% of the outstanding public float. BlackBerry can purchase the common shares over the NASDAQ Stock Market or, subject to regulatory approval, on the Toronto Stock Exchange (the “TSX”) or alternative Canadian trading platforms. As of June 22, 2015, BlackBerry had 529,487,374 common shares outstanding, the public float was 464,726,304 common shares and the average daily trading volume for the 6 months preceding to May 31, 2015 was 2,314,477. BlackBerry has filed a notice of intention to commence a normal course issuer bid with the TSX. Daily purchases will be limited to 578,619 common shares, other than block purchases. The purchases may commence on June 29, 2015 and will terminate on June 28, 2016 or on such earlier date as BlackBerry may complete its purchases following the notice of intention. In the past 12 months, BlackBerry has not repurchased any of its outstanding securities.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Shares of American Airlines Group Inc. (NASDAQ:AAL), declined -1.14% to $42.24, during its last trading session.
On June 9, American Airlines Group, and Qantas Airways plan to significantly expand their joint business by adding new service between the U.S. and Australia. New routes between Los Angeles International Airport (LAX) and Sydney Airport (SYD), operated by American Airlines, and between San Francisco International Airport (SFO) and SYD, operated by Qantas, will provide customers with expanded options when traveling between the two regions.
Through this improved alliance, American will start operating a daily, nonstop flight between LAX and SYD on Dec. 17, 2015, further strengthening its global network and its world-class LAX hub. Starting Dec. 20, 2015 Qantas will start operating service between SYD and SFO, expanding the airlines’ joint network to another key market for business and leisure customers. Services will initially operate on peak days and ramp up to six times per week in January 2016. Pending regulatory approvals, this expansion represents the natural evolution of the partnership between American and Qantas, with revenue-sharing and other agreements that provide the airlines with a platform for closer commercial ties and an even more seamless customer experience on routes between North America and Australia/New Zealand. The closer and more integrated relationship also provides opportunities for future growth into trans-Pacific markets not presently served by either airline, such as New Zealand.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Finally, Cabot Oil & Gas Corporation (NYSE:COG), ended its last trade with -0.92% loss, and closed at $32.32, as oil prices declined Wednesday after data showed that crude-oil supplies shrank last week but inventories of refined products rose.
Light, sweet crude for August delivery settled down 74 cents, or 1.2%, to $60.27 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 96 cents, or 1.5%, to $63.49 a barrel on ICE Futures Europe, according to WSJ.
U.S. oil prices have gained 13% this year on expectations that the global glut of crude oil is due to shrink. WSJ Reports.
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with about 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with about 89,000 net acres in the oil window of the play.
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