On Monday, QEP Resources, Inc. (NYSE:QEP)’s shares gained 2.67%, and closed at $22.28, as a leading independent natural gas and crude oil exploration and production corporation, will host a teleconference and webcast to talk about its first quarter 2015 results starting at 9:00 a.m. EDT (7:00 a.m. MDT) on Thursday, April 30, 2015. QEP will issue a combined first quarter financial and operations news release Wednesday, April 29, 2015 after market close.
QEP Resources, Inc., through its auxiliaries, operates as an exploration and production corporation. The corporation attains, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) primarily in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.
Cliffs Natural Resources Inc. (NYSE:CLF)’s shares jumped 2.61%, and settled at $4.71, during the last trading session on Monday, as on April 2, a mining and natural resources corporation, declared that it has named its current Executive Vice President of Business Development, P. Kelly Tompkins as the Corporation’s new Executive Vice President & Chief Financial Officer effective April 1, 2015. Mr. Tompkins will replace Terrance Paradie, who declared his resignation to pursue an opportunity with another corporation. Simultaneously with Mr. Tompkins’s appointment as CFO, the Corporation’s current Executive Vice President, Seaborne Iron Ore, Clifford Smith has been named Executive Vice President, Business Development. The position formerly occupied by Mr. Smith has been eliminated.
Since joining Cliffs Natural Resources Inc. in May 2010, Mr. Tompkins has held many executive officer and senior leadership positions. He brings several years of public corporation financial experience to his new role and has been involved with numerous debt and equity financings; M&A activity; take partd in a administration led leveraged buy-out; and initial public offerings and a hostile tender offer. At Cliffs, he served in executive vice president roles in business development, commercial, legal and government affairs. He also was Chief Administrative Officer and President of Cliffs China for the Corporation. Preceding to joining the organization, Mr. Tompkins served as Executive Vice President and Chief Financial Officer of RPM International Inc., a NYSE-listed, global specialty chemical corporation from June 2008 to May 2010. He also served as RPM’s Chief Administrative Officer and Senior Vice President and General Counsel. Earlier in his career, Mr. Tompkins held various legal, administration and investor relations positions with Reliance Electric Corporation and Exxon Corporation.
Cliffs Natural Resources Inc., a mining and natural resources corporation, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
At the end of Monday’s trade, Textron Inc. (NYSE:TXT)’s shares climbed 2.58%, and closed at $46.10, after CPI Aerostructures, Inc. declared that it received a purchase order from the Cessna Aircraft Corporation to supply wing spar assemblies on their flagship aircraft, the new Citation X+. Cessna is a partner of Textron Aviation Inc., a Textron Inc. corporation. This purchase order is valued at about $3 million and is a follow-on to the long-term contract (LTA) declared in October 2012. The total value of firm orders under this LTA is now about $12.2 million. CPI Aero commenced deliveries to Cessna in 2013. This new order extends production backlog through late 2016.
CPI Aero presently manufactures eleven different structural assemblies, counting nine spar assemblies for the new Citation X+ aircraft. A wing spar is the primary structural component of a wing and runs from the fuselage to the wingtip. The longest spar assembly for the Citation X+ aircraft is more than 29 feet long.
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures business jets, turboprop aircraft, piston aircraft, military trainer and defense aircraft, and parts, in addition to provides maintenance, inspection, and repair services.
Public Service Enterprise Group Inc. (NYSE:PEG), ended its Monday’s trading session with 2.56% gain, and closed at $42.40, as PSEG Long Island, a partner of Public Service Enterprise Group , declared it received the Tree Line USA Award for 2014 by the National Arbor Day Foundation. This award recognizes public and private utilities across the nation utilizing tree-friendly practices that protect and enhance America’s urban forests, while providing an raised reliability of service. In 2014, as a direct result of its move to the industry best practice clearance standard, PSEG Long Island reduced the number of vegetation-related outages by more than 80 percent on circuits that were trimmed in 2014.
The PSEG Long Island vegetation administration program adheres to a four-year tree trimming cycle and its arborists and tree-trimming contractors trim tree branches away from electric lines to ensure a safe, reliable and consistent power supply. This effort dramatically limits damage from severe storms, lowers future line clearance costs and reduces peak energy demand. It also provides a zone of safety in which line workers can do their jobs, especially during storm events when restoration work is done under hazardous conditions.
In 2014, PSEG Long Island trimmed and pruned more than 2,000 miles of distribution and transmission electric lines to industry best practices clearance standards. The environmentally-sound techniques utilized by PSEG Long Island are in accordance with the International Society of Arboriculture’s published best practices and the American National Standards Institute (ANSI) A-300 Standards for Tree Care Operations. This preserves the health of the tree and directs future growth away from power lines.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy corporation primarily in the northeastern and Mid Atlantic United States. The corporation operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
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