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Friday 17 July 2015
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Pre- Market News Review: Graphic Packaging Holding Company (NYSE:GPK), Duke Energy (NYSE:DUK), Ocwen Financial (NYSE:OCN), VimpelCom (NASDAQ:VIP)

On Monday, Graphic Packaging Holding Company (NYSE:GPK)’s shares showed no change to $13.77.

Graphic Packaging International, Inc. (GPK) announces that Chairman and CEO David Scheible has been named the RISI 2015 North American CEO of the Year.

RISI, the leading publisher of information for the global forest products industry, selects the CEO of the Year from nominations by investment analysts and portfolio managers covering the forest products sector. This year’s award will be presented on September 30 at the Annual RISI North American Conference in Chicago.

Under Scheible’s leadership, Graphic Packaging has transformed into a pure-play, vertically integrated global paperboard packaging company with a clear growth strategy, focused on expanding the business and delivering long-term shareholder value. The company has more than doubled its size and significantly improved its profitability. Stock price has more than tripled since 2012 as the company sharpened its focus on core markets of food, beverage and consumer products through both organic growth and considerable acquisition-based growth around the world.

Graphic Packaging Holding Company, together with its auxiliaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company produces a range of paperboard grades convertible into folding cartons primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids. It also designs, manufactures, and installs packaging machinery related to the assembly of cartons; and produces and sells corrugated medium and kraft papers.

Duke Energy Corp (NYSE:DUK)’s shares gained 0.44% to $72.85.

Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to about 1.7 million customers in a 13,000-square-mile service area.

With its Florida regional headquarters located in St. Petersburg, Fla., Duke Energy is the largest electric power holding company in the United States with about $120 billion in total assets.

A sweltering hot Florida summer can cause your electric bill to jump as your air conditioning battles high humidity and temperatures comprising north of 90 degrees. But, you can survive the heat and your summer energy bills by following these simple tips from Duke Energy Florida.

Try these money-saving tips to assist reduce your electric use and save as the temperature rises:

  • Set your thermostat to the highest comfortable setting. Energy used to cool a home during summer can account for half of a monthly electric bill. Adjusting your thermostat to 76 degrees from 73 degrees saves more than 15 percent in electricity costs. When leaving for the day, turn the setting up a few degrees.
  • Keep the AC fan switch set to “auto” and save up to $25 a month as compared to leaving it set to “on” continuously as many people do.
  • Change your air filters regularly. A dirty air filter can make a cooling system work harder, which uses more energy.
  • Close blinds, drapes and shades during the hottest part of the day to keep the sun’s rays from heating the inside of your home.
  • Turn off unnecessary lights, and use energy-efficient light bulbs that use less electricity and emit less heat.

Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.

At the end of Monday’s trade, Ocwen Financial Corp (NYSE:OCN)‘s shares surged 1.09% to $10.16.

The NAACP Florida State Conference and Ocwen Financial Corporation (OCN) hosted a “Assist & Hope for Homeowners” event on Saturday, June 20, which offered Florida homeowners in need the opportunity to receive in-person, individualized advice and mortgage solutions.

Homeowners had the opportunity to meet with Ocwen Home Retention Agents, who talk abouted loan modification options to make their mortgage payments more manageable, potentially saving their home from foreclosure. United States Department of Housing and Urban Development (HUD) approved financial counselors were also in attendance providing financial counseling and assisting homeowners with the necessary paperwork.

Homeowners had the opportunity to meet with Ocwen Home Retention Agents, who talk about loan modification options to make their mortgage payments more manageable, potentially saving their home from foreclosure. United States Department of Housing and Urban Development (HUD) approved financial counselors were also in attendance providing financial counseling and assisting homeowners with the necessary paperwork.

Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio comprises conventional, government insured, and non-agency loans.

VimpelCom Ltd (ADR) (NASDAQ:VIP), ended its Monday’s trading session with -3.95% loss, and closed at $4.86.

VimpelCom Ltd (ADR) (VIP) declares that five of its brands have been identified among the world’s 250 most valuable telecoms brands in 2015, according to the ‘Brand Finance Telecoms 500 2015′ report produced by Brand Finance*, a leading consultancy specializing in brand valuation.

VimpelCom’s Djezzy (Algeria), Mobilink (Pakistan), Beeline (Russia), WIND (Italy) and Kyivstar (Ukraine) brands all featured among the top 250 telecoms brands across the globe (out of the 900 assessed). The Group’s banglalink (Bangladesh) brand was ranked number 262, placing it in the top 300 telecom brands worldwide. Djezzy rose 29 positions to 171, while Mobilink moved up 59 places to 201.

Two of VimpelCom’s brands, Beeline and WIND, were recognized among the report’s top 100 global telecom brands: Beeline was valued at USD 2.6 billion**, while Wind was valued at USD 1.6 billion.

VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.

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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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