On Wednesday, ONEOK, Inc. (NYSE:OKE)’s shares declined -1.61% to $38.51.
ONEOK, Inc. (OKE) declared that its Oklahoma Natural Gas division filed a request with the Oklahoma Corporation Commission (OCC) for an enhance in base rates, reflecting system investments and operating costs necessary to maintain the safety and reliability of its natural gas distribution system.
Oklahoma Natural Gas is the state’s largest natural gas utility, serving more than 850,000 customers across three-quarters of the state of Oklahoma.
Oklahoma Natural Gas’ request, if approved, represents an enhance of $50.4 million in base rates and would result in a typical residential customer paying $4.98 per month more for the utility’s natural gas delivery service.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
VimpelCom Ltd (ADR) (NASDAQ:VIP)’s shares dropped -6.1% to $4.62.
VimpelCom Ltd (ADR) (VIP) a leading global provider of telecommunications services headquartered in Amsterdam and serving over 218 million customers, has further demonstrated its commitment to the Dutch information technology economy through its move to join Nederland ICT.
Nederland ICT is the trade association for more than 550 information technology, telecom and internet companies in the Netherlands. It represents a business community with a turnover of almost USD 30 billion and over 250,000 employees, making it the foremost advocate and representative of the Dutch ICT sector. Membership of Nederland ICT allows VimpelCom to engage and develop relationships with its Dutch peers, in addition to take part in the association’s initiatives to grow talent and foster innovation in the Netherlands.
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.
At the end of Wednesday’s trade, LKQ Corporation (NASDAQ:LKQ)‘s shares dipped -0.8% to $30.35.
LKQ Corporation (LKQ) has again been named to the Fortune 500 list, Fortune magazine’s annual ranking of America’s largest companies by revenue. LKQ had 2014 total revenue of $6.7 billion. Fortune magazine ranked LKQ No. 403 on its list contrast to No. 490 last year.
LKQ Corporation, together with its auxiliaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in four segments: Wholesale North America, Wholesale Europe, Self Service, and Specialty. It distributes various products, counting aftermarket collision and mechanical products; recycled collision and mechanical products; and refurbished collision replacement products, such as wheels, bumper covers and lights, and remanufactured engines.
Cognizant Technology Solutions Corp (NASDAQ:CTSH), ended its Wednesday’s trading session with -2.1% loss, and closed at $59.03.
Cognizant (CTSH) offered an update on the status of its relationship with Health Net, Inc. (HNT) and reaffirmed its 2015 guidance following the declarement that Health Net has reached a contract to be attained by Centene Corporation (CNC).
Key updates on the relationship comprise:
- Cognizant remains a key planned technology and operations partner to Health Net, with the existing relationship being extended through the end of 2020 with a total contract value of about $520 million. This will provide ongoing support of critical Health Net applications and processes.
- The planned implementation of a seven-year master services agreement for end-to-end administrative services between Cognizant and Health Net, first declared in August 2014 and planned to start in mid-2015, is being deferred while Health Net and Centene complete the merger review and approval process. Cognizant anticipates that if the merger of Health Net and Centene is accomplished, the existing master services agreement will not be implemented as there will likely be overlaps in services and capabilities planned to be offered by Cognizant.
- Cognizant has negotiated the right to license certain Health Net intellectual property for incorporation into its healthcare administration solutions and as-a-service platforms.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services comprise IT strategy consulting, program administration consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship administration implementation services.
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