On Wednesday, A. O. Smith Corp (NYSE:AOS)’s shares declined -7.86% to $64.80.
A. O. Smith Corporation (AOS) will release its second quarter 2015 financial results before the market opens on Thursday, July 23, and has planned an investor conference call to follow at 10:00 a.m. (Eastern Daylight Time).
A. O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, in addition to solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, in addition to commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings. It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts.
Cheniere Energy, Inc. (NYSEMKT:LNG)’s shares dropped -3.21% to $65.17.
Cheniere Energy, Inc. (LNG) project developments that, if accomplished, are projected to add up to about 19 million tonnes per annum (“mtpa”) of incremental LNG production capacity and would bring Cheniere’s aggregate nominal LNG production capacity to about 60 mtpa by 2025.
Cheniere is developing about 9 mtpa of incremental LNG production capacity through the addition of two liquefaction trains adjacent to the existing site of the Corpus Christi liquefaction project (the “CCL Project”). Predictable nominal LNG production capacity of each of these liquefaction trains is about 4.5 mtpa, which would enhance the predictable aggregate nominal LNG production capacity at the CCL Project to about 22.5 mtpa. Cheniere initiated the regulatory process in June 2015 by filing the National Environmental Policy Act pre-filing request with the FERC and the FTA and non-FTA approval requests with the DOE. Regulatory approvals would be predictable in 2017.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
At the end of Wednesday’s trade, Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT)‘s shares dipped -1.92% to $80.56.
Accenture (ACN) declared it has signed a contract with Starwood Hotels & Resorts Worldwide, Inc. (HOT), one of the world’s largest hotel and leisure companies, to continue providing a range of information technology (IT) outsourcing services. The original agreement began in 2009 and will be extended for an additional five years, building on the successful business relationship and delivery of application and infrastructure services.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
Cousins Properties Inc (NYSE:CUZ), ended its Wednesday’s trading session with -2.46% loss, and closed at $10.29.
Cousins Properties Inc (CUZ) inked a lease renewal deal with Transocean Ltd. for 255,413 square feet of space at Greenway Plaza in Houston, TX. The deal reflects solid demand for the company’s properties.
Transocean occupies the entire 4 Greenway Plaza and the above mentioned deal fully renews its current occupied space at the building, postponing the lease expiration to Jan 2023 from Jan 2017. The company also occupies an additional space of 13,552 square feet at 3800 Buffalo Speedway in Greenway Plaza, the lease for which expires in Jan 2017.
Notably, this international provider of offshore contract-drilling services for energy companies is the fourth largest customer in Cousins’ Houston portfolio. Following the above mentioned renewal, the Houston portfolio’s weighted average lease term presently stands at around 7 years with no single lease greater than 100,000 square feet expiring until Dec 2018.
This alleviates the company’s lease exposure in Houston for quite some time and ensures a steady source of rental revenues. Encouragingly, with the Transocean renewal, the leasing at Greenway Plaza now stands at 90%.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, in addition to performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties.
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