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Wednesday 29 July 2015
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Pre- Market News Review: UnitedHealth. (NYSE:UNH), Celanese (NYSE:CE), Baker Hughes (NYSE:BHI), American Realty Capital Properties (NASDAQ:ARCP)

On Friday, UnitedHealth Group Inc. (NYSE:UNH)’s shares declined -0.86% to $123.85.

The fourth annual United States of Aging Survey finds that adults 60 and older in Denver approach aging more proactively than their national counterparts, reporting that older Americans in the Mile-High City place a much higher emphasis on healthy eating (62 percent and 49 percent, respectively) and relaxation exercises (23 percent and 16 percent) to stay mentally sharp, contrast with older adults nationwide.

Additionally, older adults in Denver rate their personal health much higher than their national counterparts (84 percent and 74 percent).

Each year the United States of Aging Survey – conducted by the National Association of Area Agencies on Aging (n4a), National Council on Aging (NCOA) and UnitedHealthcare – polls U.S. adults 60 and older for their insights on how older Americans are preparing for their later years, and what communities can do to better support this growing population. In addition to the national sample, older adults in Denver and Cincinnati were also surveyed. New in 2015, the national survey polled professionals, counting Area Agencies on Aging staff, credit union managers, primary care physicians and pharmacists, who work closely with older adults to gain their perspectives on the challenges older Americans face as they age.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. It also provides services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, Children’s Health Insurance Program, and health care programs; and health services, counting commercial health and dental benefits. This segment serves through a network of 850,000 physicians and other health care professionals, and about 6,100 hospitals and other facilities. Its OptumHealth segment offers health administration services, counting care delivery, care administration, consumer engagement, distribution, and health financial services.

Celanese Corporation (NYSE:CE)’s shares dropped -4.93% to $65.80.

Celanese Corporation (CE), a global technology and specialty materials company, recently stated record second quarter 2015 adjusted earnings per share of $1.58 as compared to $1.47 in the preceding year quarter and $1.72 in the preceding quarter.

Second quarter 2015 financial highlights:

  • Continued alignment of two complementary value drivers - Materials Solutions and the Acetyl Chain: Designated presidents to drive value creation across core businesses
  • Achieved record second quarter adjusted earnings of $1.58 per share, 7 percent higher than the preceding year quarter and 8 percent lower than the preceding quarter
  • Delivered record second quarter adjusted free cash flow of $176 million driven by strong earnings and working capital administration
  • Generated adjusted EBIT margin of 22.0 percent, 340 basis points higher than the preceding year quarter and 210 points below the preceding quarter
  • Achieved GAAP earnings of $1.34 per share contrast to $1.66 per share in the preceding year quarter and $1.53 per share in the preceding quarter

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company’s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for use in automotive, medical, electronics, and other consumer and industrial applications. Its Consumer Specialties segment provides cellulose acetate flakes, films, and tows for use in filter products applications; Sunett, a sweetener for use in various beverages, confections, and dairy products; Qorus, a sweetener system designed for low-to no-calorie carbonated and non-carbonated beverages, flavored waters, energy drinks, and milk and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acids for use in foods, beverages, and personal care products.

At the end of Friday’s trade, Baker Hughes Incorporated (NYSE:BHI)‘s shares dipped -0.93% to $58.32.

Halliburton Company (HAL) and Baker Hughes Incorporated (BHI) declared that they have reached a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s formerly declared acquisition of Baker Hughes to the later of November 25, 2015 or 90 days after both companies have certified substantial compliance with the DOJ’s second request. Both Halliburton and Baker Hughes expect to certify substantial compliance with the DOJ’s second requests, issued to each company, by mid-summer. Timing agreements are often reached in connection with large, complex transactions, and provide the DOJ additional time to review responses to its second requests. In light of the timing agreement, Halliburton and Baker Hughes also have agreed to extend the time period for closing of the acquisition to no later than December 1, 2015.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.

American Realty Capital Properties Inc (NASDAQ:ARCP), ended its Friday’s trading session with -0.63% loss, and closed at $8.68.

The Board of Directors of American Realty Capital Properties, Inc. (ARCP) has planned the Company’s 2015 Annual Meeting of Stockholders (the “Annual Meeting”) for Tuesday, September 29, 2015. Stockholders of record as of the close of business on Thursday, August 6, 2015 will be entitled to notice of and to vote at the Annual Meeting. Because the September 29, 2015 Annual Meeting date is more than 30 days after the anniversary of the Company’s 2014 Annual Meeting of Stockholders, the deadline for submitting stockholder proposals made following Rule 14a-8 (“Rule 14a-8″) of the Securities Exchange Act of 1934, as amended, and for non-Rule 14a-8 stockholder proposals has been extended.

American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.

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