On Tuesday, FirstEnergy Corp. (NYSE:FE)’s shares declined -0.63% to $34.65.
FirstEnergy Corp. (FE) declared administration changes that expand the roles and responsibilities for key executives and support the company’s focus on customer service and cost administration. The changes will be effective by September 7, 2015.
Two members of the company’s leadership team have been named executive vice presidents. James H. Lash, president of FirstEnergy Generation, has been named executive vice president of FirstEnergy Corp. and president, FirstEnergy Generation. James F. Pearson, senior vice president and chief financial officer, has been named executive vice president and chief financial officer of FirstEnergy Corp. Both report to President and Chief Executive Officer Charles E. Jones.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
ON Semiconductor Corp (NASDAQ:ON)’s shares dropped -2.48% to $9.85.
ON Semiconductor Corp (ON) declared private offering of $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2020 (the “notes”). The notes were offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). ON Semiconductor has granted to the initial purchasers of the notes a 30-day option to purchase up to an additional $90 million aggregate principal amount of notes.
The notes will be ON Semiconductor’s senior unsecured obligations and guaranteed by certain of its auxiliaries. The notes will bear interest at a rate of 1.00% per year, payable semiannually in arrears on June 1 and December 1 of each year, starting on December 1, 2015. The notes will mature on December 1, 2020.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
At the end of Tuesday’s trade, Infosys Ltd ADR (NYSE:INFY)‘s shares surged 0.56% to $18.00.
Infosys (INFY), a global leader in consulting, technology, outsourcing and next-generation services, recently declared that it has been positioned as a leader in Gartner’s Magic Quadrant for SAP Implementation Services, Worldwide, 2015 by Susan Tan. This Magic Quadrant assessed 17 service providers.
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Its solutions comprise business information technology (IT) services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services compriseing of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
Huntsman Corporation (NYSE:HUN), ended its Tuesday’s trading session with -0.24% loss, and closed at $16.77.
Huntsman Corporation (HUN)
Speaking at the Jefferies 2015 Industrials Conference yesterday, Peter Huntsman, our President and CEO, reaffirmed the following points:
- We continue to expect that cash flow will improve about $300 million in 2016.
- We remain committed to a separation of the Pigments and Additives business by the end of 2016 and are actively exploring additional possibilities outside of an initial public offering that may be accomplished sooner to enhance greater shareholder value.
Huntsman Corporation, together with its auxiliaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Polyurethanes segment offers polyurethane chemicals, counting methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, in addition to coatings, adhesives, sealants, and elastomers.
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