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Tuesday 1 September 2015
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Pre-Market Stocks Recap: Best Buy Co (NYSE:BBY), Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA), Cheniere Energy, (NYSEMKT:LNG), Amazon.com, Inc. (NASDAQ:AMZN)

On Thursday, Best Buy Co Inc (NYSE:BBY)’s shares declined -2.78% to $31.11.

Best Buy Co Inc (BBY)’s Geek Squad declared the launch of the ninth Geek Squad Academy summer program. This grassroots tech experience inspires under-served teens to consider technology careers and assist address the nation’s widely-anticipated professional labor shortage.

According to the Change the Equation, a group of Fortune 500 companies that encourages students to pursue STEM (science, technology, engineering and math) careers, the American workforce is still failing to pursue different fields. The lack of broad representation in these high-demand areas threatens the U.S. economy by creating a competitive advantage for other countries.

Conducted in partnership with non-profit organizations such as the Boys & Girls Clubs of America, Junior Achievement and Young Adult Library Services Association, Geek Squad Academy classes are designed by Geek Squad Agents to demystify technology and ignite a passion for technology through fun and inspiring hands-on learning. At this year’s sessions, students will explore the ins and outs of technology through subjects like digital citizenship, film production, computer programming and robotics, in addition to 3D printing and circuitry.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.

Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA)’s shares dropped -3.41% to $52.42.

Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK), recently declares financial and operating results1 for the three months (“Q2”) and six months (“YTD” or “H1”) ended June 30, 2015 for the Liberty Global Group and the LiLAC Group2.

Key highlights for the merged operations of Liberty Global plc:

  • Organic RGU3additions of 207,000 YTD, counting 138,000 in Q2
  • Rebased4revenue growth of 3% for both YTD and Q2, reaching $9.1 billion YTD
  • YTD OCF5of $4.3 billion, reflecting YTD and Q2 rebased growth of 3% and 4%, respectively
  • Free Cash Flow (“FCF”)6of $592 million in Q2, increasing YTD total FCF to $922 million

Operating and financial highlights for the Liberty Global Group7, our European business:

  • Organic RGU additions of 95,000 in Q2, negatively influenced by Dutch performance
    • Unitymedia regained RGU momentum with 92,000 net additions in Germany
    • Substantial year-over-year improvement in RGU performance across all products in U.K.
    • RGU loss of 87,000 at Ziggo in the Netherlands, expect H2 performance to improve
  • Initiated new build program in Manchester (150,000 HP) and new build trials in Germany
  • EuroDocsis 3.1 testing to start in H2 2015, predictable to result in broadband speeds of 1Gbps+

Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.

At the end of Thursday’s trade, Cheniere Energy, Inc. (NYSEMKT:LNG)‘s shares dipped -0.26% to $64.81.

Cheniere Energy, Inc. (LNG) through its partner, Cheniere Marketing International LLP has reached a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Central El Campesino, under which Central El Campesino would purchase about 0.6 million tonnes per annum (“mtpa”) of LNG delivered ex-ship for 20 years startning in 2019 from the Corpus Christi Liquefaction Project presently under construction near Corpus Christi, Texas.

Central El Campesino is developing a 640 MW gas-fired combined-cycle power plant in Chile which is predictable to provide power into Chile’s Central Interconnected System (SIC). In the December 2014 power auction, Central El Campesino won a bid to sell about 480 MW to local distribution companies (LDC’s), which would underpin the construction of the power plant. The LNG would be delivered, stored and regasified at the projected floating storage regasification unit (FSRU), Penco Lirquén LNG Terminal.

Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

Amazon.com, Inc. (NASDAQ:AMZN), ended its Thursday’s trading session with -1.41% loss, and closed at $529.46.

Amazon declared the availability of Amazon Acoustics, a collection of over 30 original acoustic recordings accessible exclusively for streaming on Prime Music and purchase on Amazon. Established and up-and-coming artists can be heard acoustically performing popular in addition to newly-written or recorded songs, counting Joshua Radin performing Cyndi Lauper’s “True Colors,” Surfer Blood covering Outkast’s popular hit “Hey Ya!,” Jessie Baylin covering Harry Nilsson’s “He Needs Me,” and Tokyo Police Club stripping down their own, “Argentina (Part I) [Acoustic],” among others.

Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers.

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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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