On Tuesday, Shares of Memorial Resource Development Corp. (NASDAQ:MRD), loss -3.12% to $19.87.
Memorial Resource Development, declared that it will report first quarter 2015 financial and operating results before the market opens for trading on May 6, 2015. Following the declaration, administration will host a first quarter 2015 earnings conference call at 2 p.m. Central (3 p.m. Eastern). Interested parties are invited to take part on the call by dialing (844) 735-9435, or (804) 681-3660 for international calls, (Conference ID: 32514293) at least 15 minutes preceding to the start of the call or via the internet at www.memorialrd.com.
Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana.
Shares of HSBC Holdings plc (NYSE:HSBC), declined -3.12% to $47.57, during its last trading session.
HSBC’s Future of Retirement Choices for later life report reveals the existence of a new living inheritance trend where more than 43 percent of U.S. retirees continue to provide regular financial support to at least one other person. This comprises 10 percent who are still supporting at least one adult child. Among working age Americans, 62 percent report providing regular support to at least one other person.
At the same time, nearly a quarter (23 percent) of working age people feel it’s better to spend all of their savings while they’re around to enjoy it and let children create their own wealth, while less than one in ten (9 percent) plan to save as much money as possible to pass on to the next generation.
Taken together, these results suggest Americans have an overall preference to spend or give away retirement savings during life, rather than pass it to heirs after death.
The HSBC survey of more than 16,000 people in 15 countries and territories worldwide, counting 1,000 respondents in the United States, also reveals a mismatch between inheritance hopes and reality. Nearly three in five (59 percent) working age Americans expect to leave a financial legacy to their children. However, less than a third (31 percent) report actually receiving one.
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking.
At the end of Tuesday’s trade, Shares of Southwest Airlines Co. (NYSE:LUV), dipped -3.11% to $40.53.
Southwest Airlines, and the Transport Workers Union (TWU) 550, representing the carrier’s 250 Flight Dispatchers, declare they have come to terms on a new four-year contract extension. News of the tentative agreement comes on the heels of a deal with the Company’s Customer Service Agents and Customer Representatives last December and only days after its Flight Simulator Technicians ratified their new four-year contract. The agreement with Dispatchers amends the group’s current contract and provides adjusted wage-scale enhances, in addition to continued opportunities for bonuses that are tied to individual and Company performances.
“I am extremely proud of both negotiation teams and their commitment to find a contract that adequately rewards our hardworking Employees and supports Southwest’s long-term success,” said Matt Hafner, Southwest Airlines Vice President Network Operations Control which comprises the Company’s Dispatchers. “I applaud all parties for the time and effort they dedicated to this important task.”
TWU 550 President Mike Connor said, “I am happy that the Company, once again, has recognized the contribution our Dispatchers make each day. Having this extension done preceding to our amendable date allows our Dispatchers to remain focused on the task of ensuring Southwest Airlines passengers and aircraft move safely and efficiently. As Dispatchers and Employees of Southwest, we are invested in and enthusiastic about the future of our Company.”
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, Sprint Corporation (NYSE:S), ended its last trade with -3.11% loss, and closed at $4.99.
Sprint Corporation, stated operating results for the fourth fiscal quarter of 2014, counting 1.2 million Sprint platform net additions, the highest number in nearly three years. The company recorded significantly better postpaid churn of 1.84 percent, and for the fourth successive quarter, reduced postpaid phone losses. In addition, the company stated operating income of $318 million and Adjusted EBITDA* of $1.7 billion.
Sprint has focused on reducing postpaid churn by increasing credit standards, embracing customer demand to upgrade to the latest devices and ongoing to improve the network experience. The company has also placed greater emphasis on Net Promoter Score (NPS), a measure of customer loyalty, by establishing a chief experience officer dedicated to improving this metric and by linking NPS improvement to every employee’s compensation. These actions, among others, have resulted in improvement in several customer retention metrics during the quarter.
- Sprint platform postpaid churn of 1.84 percent improved 46 basis points from 2.30 percent last quarter, the best sequential improvement in nearly seven years.
- Best sequential improvement in Sprint platform postpaid voluntary churn in nearly 11 years.
- NPS improved from a negative score in mid-2014 to the highest level in nearly two years in March.
Sprint Corporation provides wireless and wireline communications services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. It operates in two segments, Wireless and Wireline.
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