On Friday, Duke Energy Corp (NYSE:DUK)’s shares inclined 0.45% to $71.00.
Over 11,000 students and 380 teachers will benefit from Duke Energy grants totaling $1 million to various public education institutions throughout Florida.
The grants, from the Duke Energy Foundation, encompass both direct-to-student contributions and individual teacher grants to improve STEM (science, technology, engineering and math) education in Florida’s public schools.
Last year, Duke Energy and its foundation made more than $4 million in charitable investments in Florida. The company makes noteworthy philanthropic investments in Florida communities supporting programs with a direct community impact, education, environmental and economic and workforce development.
In addition to this giving, Duke Energy employees contribute over $400,000 to charitable causes and volunteer tens of thousands of hours to local charities each year.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
Tenet Healthcare Corp (NYSE:THC)’s shares gained 2.86% to $57.81.
Baptist Health System and Tenet Healthcare Corporation (THC) have signed a definitive agreement to create a joint venture that will operate a healthcare network serving Birmingham and central Alabama. The new network will include all Baptist Health System hospitals, Tenet’s Brookwood Medical Center and each organization’s related businesses. Under the joint venture arrangement, Tenet will be the majority partner and will manage the network’s operations.
The new company will unite Baptist Health System’s four hospitals – Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center and Walker Baptist Medical Center – with Brookwood Medical Center. Together, the new system will have more than 1,700 licensed beds; 77 outpatient and physician office facilities, counting clinics delivering primary and specialty care; about 7,300 employees; and about 1,500 associated physicians.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
At the end of Friday’s trade, Axalta Coating Systems Ltd (NYSE:AXTA)‘s shares dipped -1.86% to $34.35.
Axalta Coating Systems (AXTA), a leading global supplier of liquid and powder coatings, commissioned its new waterborne manufacturing facility in Wuppertal, Germany, nine months after ground was broken on the project. The facility further expands Axalta’s substantial operations in Wuppertal and reflects Axalta’s commitment to produce environmentally responsible waterborne coating technology, for which there is a growing demand.
The new Wuppertal facility will manufacture coatings for most light vehicle original equipment and commercial vehicle original equipment manufacturers (OEMs) in the region, in addition to for Axalta’s three global refinish brands – Cromax®, Spies Hecker® and Standox®.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
WPX Energy Inc (NYSE:WPX), ended its Friday’s trading session with 0.04% gain, and closed at $13.14.
WPX Energy (WPX) has accomplished the purchase of another 14,300 net acres in the San Juan Basin’s Gallup oil window from an unrevealed seller for about $26 million.
The acreage purchase represents an estimated 100 gross drilling locations, boosting WPX’s tally in the San Juan Gallup to about 500.
WPX now owns or controls about 100,000 acres in the core of the Gallup oil window where it has spud more than 100 wells following a successful discovery in early 2013.
Since then, WPX has lowered its drilling times on Gallup wells by 75 percent. The company recently drilled two Gallup wells in less than eight days each. During the second quarter, WPX is averaging 9.8 days per well so far.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, in addition to developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.
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