Pre- Market News Review: Centurylink (NYSE:CTL), BorgWarner (NYSE:BWA), 3M (NYSE:MMM), KB Home(NYSE:KBH)

Pre- Market News Review: Centurylink (NYSE:CTL), BorgWarner (NYSE:BWA), 3M (NYSE:MMM), KB Home(NYSE:KBH)

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On Thursday, Centurylink Inc(NYSE:CTL)’s shares declined -2.33% to $27.71.

CenturyLink, Inc. (CTL) declared its plans for a multi-city tour featuring industry analysts and select CenturyLink customers and executives to share technology insights and lessons learned with enterprise IT leaders about big data, cloud, security and customer-centric IT.

The Elevate events provide an opportunity for CenturyLink customers, prospects and partners to learn from industry experts about topics important to the disruption taking place in IT recently. The series is co-sponsored by Alcatel Lucent and features CIO Magazine as a media partner.

The series kicks off in Boston on July 15 and continues in key North American and global markets through October 2015. The roundtable forums feature keynotes from leading industry experts, counting CIO Magazine contributing editor Julia King, “Cloudonomics” author Joe Weinman and CenturyLink executives Shirish Lal, David Shacochis, David Mahon and Gary Gauba.

CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.

BorgWarner Inc. (NYSE:BWA)’s shares dropped -2.56% to $45.30.

BorgWarner provides its award-winning regulated two-stage (R2S®) turbocharging technology for Volkswagen’s new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class. Providing an output of 240 HP (176 kW) and a maximum torque of 369 lb.-ft. (500 Nm), it achieves an average fuel economy of 44 mpg (5.3 liters/100 km). Powered by BorgWarner’s optimized turbocharging technology, the diesel engine debuted in the VW Passat and sets new standards for efficiency and performance.

BorgWarner’s R2S turbocharging system comprises of two series-connected turbochargers and features a variable turbine geometry (VTG) turbocharger for the high-pressure stage combined with a larger B03 water-cooled turbocharger optimized for low-pressure exhaust gas recirculation (LP EGR). The low-pressure EGR is captured downstream of the exhaust emission control system and then mixed with the fresh air upstream of the compressor of the low-pressure stage. BorgWarner uses a special protective coating on the turbocharger compressor wheel to withstand the extreme loads and the corrosive particles. Controlled by an electric actuator, BorgWarner’s VTG turbocharger responds quickly at low engine speeds, resulting in a rapid rise in boost pressure for nearly instant acceleration. As the engine speed enhances, both turbochargers work together, gradually shifting to the larger, low-pressure turbocharger. At higher engine speeds, all of the gases flow directly to the larger B03 turbocharger, maintaining smooth power delivery at higher speeds. By combining two series-connected turbochargers of different sizes, BorgWarner’s R2S technology provides high boost pressures over the entire engine speed range.

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology. This segment also provides electric air pumps; turbo actuators; and exhaust gas recirculation coolers, tubes, and valves for gasoline and diesel applications.

At the end of Thursday’s trade, 3M Co(NYSE:MMM)‘s shares dipped -1.71% to $143.38.

The Board of Directors of 3M (MMM) declared a dividend on the company’s common stock of $1.025 per share for the third quarter of 2015, payable Sept. 12, 2015, to shareholders of record at the close of business on Aug. 21, 2015. 3M has paid dividends to its shareholders without interruption for 99 years.

As of June 30, 2015, 3M had 624,745,409 common shares outstanding and 86,134 shareholders of record.

3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.

KB Home(NYSE:KBH), ended its Thursday’s trading session with -4.92% loss, and closed at $15.38.

KB Home (KBH), one of the nation’s largest and most recognized homebuilders, declared the grand opening of Falcon Landing, a new neighborhood of attractively-priced homes on the growing Culebra Road corridor, featuring great community amenities and abundant nearby outdoor recreation destinations.

Located near Loop 1604 and Highway 151, Falcon Landing’s proximity to Medina Lake and Government Canyon State Natural Area provides terrific access to a variety of outdoor activities, counting boating and hiking. The community itself has several planned amenities, such as a swimming pool, a children’s playscape and a picnic pavilion. There will also be a private park that is predictable to open in 2016.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.

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