On Monday, Ecopetrol S.A. (ADR) (NYSE:EC)’s shares inclined 4.31% to $10.64.
Ecopetrol S.A. (EC) hereby reports that the credit rating agency Standard & Poor’s has maintained Ecopetrol’s long term corporate credit rating at BBB with a stable outlook.
Standard & Poor’s mentioned that the new strategy presented by the Company is in line with the current oil market conditions and precedingitizes efficient barrels and shareholder returns. The rating decision also considers, among other things, the very important role of Ecopetrol in the Colombian economy.
The full report is accessible at www.standardandpoors.com. A credit rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn by the rating agency at any time.
Ecopetrol S.A., an integrated oil company, engages in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, Angola, and the United States Gulf Coast. The company operates through three segments: Exploration and Production; Transportation and Logistics; Refining, Petrochemicals, and Biofuels. It also owns and operates refineries that produce various refined products, counting unleaded gasoline, diesel fuel, kerosene, jet fuel, aviation fuel, liquefied petroleum gas, sulfur, heavy fuel oils, and others; and petrochemicals and industrial products comprising paraffin waxes, lube base oils, low-density polyethylene, aromatics, asphalts, alkylates, cyclohexane, and aliphatic solvents, in addition to refinery grade propylene.
Plum Creek Timber Co. Inc. (NYSE:PCL)’s shares gained 0.44% to $41.36.
Plum Creek Timber Company, Inc. (PCL) declared a quarterly cash dividend of $0.44 per share. The dividend is payable on August 31, 2015, to shareholders of record as of August 14, 2015.
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of Plum Creek’s dividend distributions.
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The trust also focuses on mineral extraction and natural gas production, communication, and transportation. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington. The Timber Company operates independently of Georgia-Pacific LLC as of December 16, 1997.
At the end of Monday’s trade, 500.com Ltd (NYSE:WBAI)‘s shares surged 3.22% to $21.13.
500.com Limited (WBAI) (“500.com” or the “Company”), a leading online sports lottery service provider in China, recently stated its unaudited financial results for the second quarter of 2015.
Temporary Suspension of Online Lottery Sales
Since March 2015, all provincial sports lottery administration centers to which the Company provides sports lottery sales services have temporarily suspended accepting online purchase orders for lottery products in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, (the “Self-Inspection Notice”), which was jointly promulgated by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports of the People’s Republic of China on January 15, 2015.
500.com Limited provides online sports lottery services in the Peoples Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. The company offers a suite of online lottery services, information, user tools, and virtual community venues. Its lottery sales services comprise individual lottery purchase, lottery pool purchase, automatic tag-along purchase, recurring purchase, and locked-in lottery number purchase services.
Scientific Games Corp (NASDAQ:SGMS), ended its Monday’s trading session with -4.62% loss, and closed at $12.18.
Scientific Games Corporation (SGMS) stated results for the second quarter ended June 30, 2015.
The Company also recorded the following $9.2 million of aggregate charges in the 2015 second quarter that are not in the table above nor comprised of as add-backs to AEBITDA:
- An incremental charge of $2.7 million for bad debt expense related to recent customer bankruptcies;
- Incremental inventory write-downs of $1.2 million due to excess and obsolete inventory;
- Legal costs of $2.0 million associated with legal settlements; and
- Accrual of $3.3 million related to Northstar Lottery Group, LLC (“Northstar Illinois”), which has signed a term sheet with the State of Illinois to settle their dispute regarding the termination of a private administration agreement. Scientific Games recorded its share of the projected settlement, of which $2.0 million was recorded as a reduction of earnings from equity investments and $1.3 million as a reduction in instant games revenue. The parties are negotiating a final settlement agreement based on the term sheet.
Scientific Games Corporation develops technology-based products and services, and associated content for the gaming and lottery industries worldwide. The company operates through three segments: Gaming, Lottery, and Interactive. The Gaming segment offers gaming machines, conversion kits, automatic card shufflers, roulette chip sorters, and spare parts; leases gaming machines, automatic card shufflers, roulette chip sorters, and server-based gaming systems and content; and licenses proprietary table game content. This segment also provides video lottery central monitoring and control systems and netoperates for gaming regulators; and casino-administration technology solutions and systems. This segment serves commercial, tribal, and governmental gaming operators.
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