On Friday, Plains All American Pipeline, L.P. (NYSE:PAA)’s shares declined -1.02% to $44.53.
Plains All American Pipeline, L.P. (PAA) stated cleanup costs for the oil spill that took place last month nearly 20 miles west of Santa Barbara, CA. According to the partnership, the cleanup costs have reached $65 million so far and are running at the rate of $3 million per day.
Investors are wary about the adequate safety measures in the pipelines adopted by the Zacks Rank #5 (Strong Sell) midstream operator. As a result, shares of the partnership dropped 9.7% from May 19 to close at $44.76 yesterday.
Plains All American Pipeline, L.P., through with its auxiliaries, engages in the transportation, storage, terminal ling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. As of December 31, 2014, this segment owned and leased 17,800 miles of active crude oil, and NGL and gathering systems; 29 million barrels of active and above-ground tank capacity; 800 trailers; 149 transport and storage barges; and 72 transport tugs.
Tri Pointe Homes Inc (NYSE:TPH)’s shares gained 1.66% to $15.32.
TRI Pointe Homes, Inc. (TPH) declared the final results of its offers to exchange (the “Exchange Offers”):
$450,000,000 aggregate principal amount of newly issued 4.375% Senior Notes due 2019 (the “New 2019 Notes”) that have been registered under the Securities Act of 1933, as amended (the “Securities Act”), and the related guarantees, for a like principal amount of outstanding restricted 4.375% Senior Notes due 2019 (the “Outstanding 2019 Notes”), and the related guarantees; and
$450,000,000 aggregate principal amount of newly issued 5.875% Senior Notes due 2024 (the “New 2024 Notes” and, together with the New 2019 Notes, the “New Notes”) that have been registered under the Securities Act, and the related guarantees, for a like principal amount of outstanding restricted 5.875% Senior Notes due 2024 (the “Outstanding 2024 Notes” and, together with the Outstanding 2019 Notes, the “Outstanding Notes”), and the related guarantees.
TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes in the United States. The company also develops and sells land and lots. It operates a portfolio of six brands across eight states, counting Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia. The company sells homes through its own sales representatives and independent real estate brokers.
At the end of Friday’s trade, Northrop Grumman Corporation (NYSE:NOC)‘s shares dipped -0.07% to $165.05.
Northrop Grumman Corporation (NOC) successfully flew a new Open Mission Systems (OMS) architecture on a NASA Global Hawk, demonstrating the ability to rapidly and affordably adapt new capabilities onto unmanned aircraft systems (UAS). The new architecture implementation flight took place at NASA Armstrong Flight Research Center at Edwards Air Force Base.
This flight confirmed the ability for ground operators to send OMS payload commands and receive OMS subsystem status responses over a Ku SATCOM Beyond-Line-Of-Sight (BLOS) communications link between the unmanned aircraft and an operations center.
A formerly developed OMS Critical Abstraction Layer (CAL) was adapted to an OMS Open Computing Environment (OCE) onboard the NASA Global Hawk using a production RQ-4 Global Hawk airborne database computer.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. This segment sells its products primarily to government agencies for use in various areas, counting intelligence, surveillance, and reconnaissance; communications; battle administration; strike operations; electronic warfare; earth observation; satellite communications; space science; and space exploration.
Dana Holding Corporation (NYSE:DAN), ended its Friday’s trading session with -0.32% loss, and closed at $21.75.
Dana Holding Corporation (DAN) fficially inaugurated its 16th global technology center in Cedar Park, Texas. Presently employing 35 engineers and support staff with capacity for more than 80, the 40,000 square-foot facility is devoted to the engineering and production of the company’s VariGlide® technology, a revolutionary new transmission design that incorporates continuously variable planetary (CVP) technology for use in light-vehicle and many off-highway transmissions.
Developed through a planned licensing relationship between Dana and Fallbrook Technologies Inc., VariGlide technology enables designers to reduce the complexity of transmissions while enabling the engine to operate at more efficient speeds – ultimately increasing fuel efficiency, reducing emissions, and improving overall vehicle performance.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.
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