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Thursday 11 June 2015
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Pre- Market News Review: Discovery Communications (NASDAQ:DISCA), Sprouts Farmers Market (NASDAQ:SFM), American Electric Power Company (NYSE:AEP), Banro (NYSEMKT:BAA)

On Monday, Discovery Communications Inc. (NASDAQ:DISCA)’s shares declined -1.96% to $33.78.

Velocity, a division of Discovery Communications Inc. (DISCA).

Velocity declared the creation of Drive Smart, a national advocacy campaign encouraging and raising awareness for safe driving practices. Joining forces with Mothers Against Drunk Driving® (MADD) and TeenDrive365: In School, Drive Smart is intended to assist save lives by stopping drunk, drugged and distracted driving through a mix of partner initiatives, on-air messages, online content, social media outreach and consumer facing events.

Through VelocityDriveSmart.com the network is urging viewers to take the Drive Smart pledge: to never drive under the influence of alcohol or drugs; to drive free of distractions from phones, friends, food and more; and to protect themselves and loved ones. For every pledge received Velocity is committing a donation to MADD, whose mission is to end drunk driving, to assist fight drugged driving, to support the victims of those violent crimes and to prevent underage drinking. Velocity is also the national media sponsor for Walk Like MADD®, the organization’s signature fundraising event used to raise awareness and funds to assist eliminate drunk driving. Last year Walk Like MADD events raised nearly three million dollars to support MADD’s community programs and victim services at no charge to victims and survivors of drunk and drugged driving crashes.

According to the most recent data accessible from the National Highway Traffic Safety Administration (NHTSA), 3,154 people were killed in motor vehicle crashes involving distracted drivers in 2013 and about 424,000 people were injured. NHTSA also stated that in 2013 10,076 people were killed in alcohol-impaired driving crashes, an average of one fatality every 52 minutes, and another 290,000 people were injured. Alcohol-impaired-driving fatalities accounted for 31 percent of the total motor vehicle traffic fatalities in the United States (NHTSA). About 20 percent of drivers tested positive for at least one drug in 2014, up from 16.3 percent in 2007, and more than 15 percent of drivers tested positive for at least one illegal drug, up from 12 percent in 2007 (NHTSA).

Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.

Sprouts Farmers Market Inc (NASDAQ:SFM)’s shares dropped -5.29% to $27.58.

Sprouts Farmers Market Inc (SFM) is targeting Lee’s Summit for its next metro location.

The grocery store chain, which specializes in organic and natural foods, filed a building permit application Wednesday with the city.

Sprouts plans to open inside the former OfficeMax space at 800 N.E. Missouri 291 Highway, said Mike Weisenborn, project manager with the city.

Weisenborn said he anticipates the building permit will receive approval and should be finalized in two to four weeks.

Bruns said the health foods concept is a growing trend, and that Lee’s Summit residents had been voicing their desire for a health foods store.

Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.

At the end of Monday’s trade, American Electric Power Company Inc (NYSE:AEP)‘s shares surged 0.04% to $53.46.

Philip J. Dion will join American Electric Power (AEP) effective July 9 in a new position as vice president, Technology Business Development. Dion, 47, is presently with UNS Energy Corp. as senior vice president, Public Policy and Customer Solutions. Dion will report to Richard E. Munczinski, AEP’s senior vice president, Regulatory Services.

Dion has been in his current position with UNS since September 2013 with responsibility for the direction and execution of regulatory and legislative strategy at the federal and state levels for Tucson Electric Power and UniSource Energy Services. He also had oversight of customer service and engagement, marketing, corporate communications, customer programs and community relations. Dion joined Tucson Electric Power in 2008 as vice president of Legal and Environmental Services and became vice president of Public Policy in 2010. He served as chief of staff and chief legal advisor to then-Commissioner Marc Spitzer of the Federal Energy Regulatory Commission (FERC) from July 2006 to January 2008. Before Spitzer’s appointment to the FERC in 2006, Dion had served as his advisor at the Arizona Corporation Commission (ACC) since 2004. Dion also was a deputy Maricopa County attorney and an administrative law judge at the ACC. He has a bachelor’s degree in finance from the University of Arizona and a Juris Doctorate and Master of Business Administration in finance from Santa Clara University in Santa Clara, Calif.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants .

Banro Corporation (USA) (NYSEMKT:BAA), ended its Monday’s trading session with 8.48% gain, and closed at $0.335.

Banro Corporation (USA) (BAA) provide an update of its Mineral Resource and Mineral Reserve estimates at its wholly-owned projects on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (“DRC”). The annual review of Mineral Resources and Mineral Reserves at the Company’s four core projects, Twangiza, Namoya, Lugushwa and Kamituga, has resulted in a substantial enhance in Mineral Reserves with the conversion of transition and fresh Mineral Resources into Mineral Reserves at Twangiza.

Highlights

  • The Twangiza Proven and Probable Reserves raised 59% to 1.64 million ounces (“Moz”) of gold (22.38Mt @ 2.28g/t Au) with the inclusion of non-oxide materials in the reserve pit shell which have been proven economically treatable with the existing plant. This expands the Twangiza mine life utilizing the existing plant to 14 years.
  • At Namoya, the Proven and Probable Mineral Reserves have reduced 5% to 1.27 Moz (20.53Mt @ 1.92g/t Au), primarily due to mining depletion.
  • Banro’s overall Mineral Reserves have grown by 23% to 2.91 Moz (42.91Mt @ 2.11g/t Au) at US$1,200/oz gold price.

During 2014, the Company scaled down its exploration activities at its Twangiza, Namoya, Lugushwa and Kamituga projects and focused its geological expertise on supporting the production growth at Twangiza, development at the Namoya Mine and identification of near mine high grade targets.

In order to consolidate Banro’s position on the various exploration sites, some limited exploration activities are planned for 2015 using small teams focused on generating new oxide targets in Lugushwa and Kamituga. At Namoya, exploration drilling activities will be focused on near mine resource upgrade and resource generation activities. The primary objective is to upgrade inferred resources within the Namoya Summit-Filon B reserve pit into a higher confidence resource for conversion into mineral reserves. Another objective is to define additional near mine oxide resources within 5 kilometers of the Run-Of-Mine pad. At Twangiza, delineation drilling will be focused on near mine oxide resources generation on the Twangiza East and West mineralization.

Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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