On Wednesday, Goodrich Petroleum Corporation (NYSE:GDP)’s shares declined -0.60% to $0.830.
Goodrich Petroleum Corporation (GDP) (the “Company”) declared that on August 27, 2015, the New York Stock Exchange (the “NYSE”) notified the Company that it is not in compliance with the continued listing standards set forth in Sections 802.01B and 802.01C of the NYSE Listed Company Manual. Specifically, the NYSE notified the Company that the average closing price per share of the Company’s common stock over the preceding 30 trading-day period had fallen below the minimum average closing price required by Section 802.01C of $1.00 per share over a successive 30 trading-day period. Additionally, the NYSE notified the Company that the Company’s average market capitalization for the preceding 30 trading-day period is below $50 million, and the Company’s stockholders’ equity is less than $50 million, which are the NYSE minimum requirements under Section 802.01B. In compliance with NYSE procedures, the Company intends to notify the NYSE within ten business days of its intent to cure both deficiencies and return to compliance with the NYSE continued listing requirements.
Under Section 802.01C (i.e., share price standard), the Company has six months following its receipt of the NYSE notice to regain compliance with the minimum share price requirement. The Company can regain compliance with Section 802.01C at any time during the six-month cure period if the Company’s common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the last trading day of the cure period.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
Thomson Reuters Corp (NYSE:TRI)’s shares gained 1.82% to $38.56.
Updates to Thomson Reuters Checkpoint provide customers with a single audit tool for the first time that complies fully with the Office of Administration and Budget`s (OMB) released 2015 Compliance Supplement. Specifically, this edition of PPC`s SMART Practice Aids-Single Audit simplifies the new administrative requirements and cost principles for both OMB Circular A-133 audits and Uniform Guidance audits.
In December 2013, the OMB issued its Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
This edition of PPC`s SMART Practice Aids-Single Audit provides updated content based on the 2015 Compliance Supplement, which is effective for audits of fiscal years starting after June 30, 2014 (years ending June 30, 2015 or later). It also incorporates the audit requirements in OMB Circular A-133, for audits of fiscal years ending before December 26, 2015.
Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. The company sells electronic content and services to professionals primarily on a subscription basis. It operates through four segments: Financial & Risk, Legal, Tax & Accounting, and Intellectual Property & Science. The Financial & Risk segment offers news, and information and analytics, in addition to enables transactions and brings together communities that allow trading, investing, financial, and corporate professionals to connect. This segment also provides regulatory and operational risk administration solutions.
At the end of Wednesday’s trade, Cree, Inc. (NASDAQ:CREE)‘s shares surged 1.38% to $26.43.
Cree, Inc. (Nasdaq: CREE), a leader in silicon carbide (SiC) power products and gallium nitride (GaN) radio frequency (RF) devices, recently declared that Wolfspeed is the new name for the Power and RF division of Cree. The company declared in May that it would separate the business into a standalone company.
Founded upon the mission to liberate power and wireless systems from the limitations of silicon, Wolfspeed enters the marketplace as a well-established, entrepreneurial growth company with a focused team, a profitable business and more than 28 years of industry-leading wide bandgap semiconductor technology and experience.
The new name combines important elements of Cree’s culture and expertise and allows the Power and RF division to build brand equity while operating as a separate business. As a Cree Company, Wolfspeed will leverage Cree’s industry-leading brand, global footprint, scale and expertise to ensure a smooth transition for customers.
Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. Its Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications This segment sells its products to distributors, retailers, and customers.
CIGNA Corporation (NYSE:CI), ended its Wednesday’s trading session with 0.24% gain, and closed at $139.34.
Designed for expat employees of multinational companies with offices in Africa, Cigna Global Health Benefits® is now offering its new Cigna Africa product. Expats in regions of Africa will benefit from Cigna’s local experience and facilities, global medical network, and ongoing commitment to investments in this region.
Cigna Africa has been designed specifically for multinationals’ globally mobile, key local and third-country nationals (TCN) staff in Africa. The product has been tailored to the needs and local practices of the region, making the plan affordable and giving multiple options to individual preferences such as area of cover, cover levels and supplementary coverages. It comprises health benefits, dental and vision cover, evacuation and health administration services.
Presently, Cigna Global Health Benefits already supports the health, well-being and sense of security for numerous customers in Sub-Saharan Africa, employed by multinationals, non-profits and intergovernmental organizations (IGOs). It employs local communication officers and medical consultants in key hubs and claims intake office in Kenya.
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services. Its Government segment offers Medicare Advantage plans to seniors in 16 states and the District of Columbia, Medicare Part D plans in 50 states and the District of Columbia, and Medicaid plans.
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