Technology stocks were assisting pace gains for the broader U.S. equities indices, with shares of technology companies in the S&P 500 climbing more than 1.0% this afternoon.
On Wednesday, in the course of current trade, Shares of Sprint Corporation (NYSE:S), dropped -0.53%, and is now trading at $4.71.
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.
During an Afternoon trade, Shares of McDermott International Inc. (NYSE:MDR), dipped -1.52%, and is now trading at $5.20.
McDermott International, declared that it has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi Arabian waters. Work is planned for completion by the end of the first quarter of 2016 and will be comprised of in McDermott’s second quarter 2015 backlog.
This is the second award McDermott has received in 2015 from Saudi Aramco and represents work scope bid under an existing Long-Term Agreement. In March 2015, the client awarded McDermott a brownfield contract for a power supply system replacement that utilizes McDermott’s full EPCI expertise.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
Finally, Chevron Corporation (NYSE:CVX), lost -0.12% Wednesday.
Chevron Corporation, offered an overview of the company’s 2014 operational and social performance and how the company is managing through current market conditions at its 2015 Annual Meeting of Stockholders in San Ramon, California.
The company informed stockholders on its commitment to safety, noting that 2014 was Chevron’s best year on every key measure of personal safety, process safety and environmental performance.
Stockholders voted on 13 items. As stated during the meeting, the preliminary report of the Inspector of Elections was as follows:
- Item 1: An average of 98 percent of the votes cast were voted for each of the 12 nominees for election to the board of directors.
- Item 2: About 99 percent of the votes cast were voted to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the company.
- Item 3: About 94 percent of the votes cast were voted to approve, on an advisory basis, the compensation for the company’s named executive officers.
- Item 4: About 95 percent of the votes cast were voted against the stockholder proposal to disclose charitable contributions of $5,000 or more.
- Item 5: About 72 percent of the votes cast were voted against the stockholder proposal regarding a report on lobbying.
- Item 6: About 96 percent of the votes cast were voted against the stockholder proposal to cease using corporate funds for political purposes.
- Item 7: About 96 percent of the votes cast were voted against the stockholder proposal to adopt a dividend policy.
- Item 8: About 91 percent of the votes cast were voted against the stockholder proposal regarding targets reduce greenhouse gas emissions.
- Item 9: About 73 percent of the votes cast were voted against the stockholder proposal regarding a report on shale energy operations.
- Item 10: About 55 percent of the votes cast were voted for the stockholder proposal regarding proxy access.
- Item 11: About 78 percent of the votes cast were voted against the stockholder proposal to adopt a policy for an independent chairman.
- Item 12: About 80 percent of the votes cast were voted against the stockholder proposal to recommend an independent director with environmental expertise.
- Item 13: About 69 percent of the votes cast were voted against the stockholder proposal to set meetings threshold at 10 percent.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
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