On Thursday, Shares of Chesapeake Energy Corporation (NYSE:CHK), gained 0.81% to $7.44, despite oil prices seesawed on Thursday in line with volatile U.S. equities, rising early as market bulls supported prices for a second day, then retreating, with global benchmark Brent falling into negative territory, according to Reuters.
Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. Reuters Reports
But oil prices came sharply off session highs by afternoon as stocks on Wall Street pared their early advance. Brent gave back all its gains and turned lower. Reuters added.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of Alcoa Inc. (NYSE:AA), inclined 2.68% to $9.57, during its last trading session.
Lightweight metals leader Alcoa (AA) is expanding its R&D center in Pennsylvania to accelerate the development of advanced 3D-printing materials and processes. Alcoa will produce materials designed specifically for a range of additive technologies to meet increasing demand for complex, high-performance 3D-printed parts for aerospace and other high-growth markets such as automotive, medical and building and construction. The $60 million expansion is under construction at the Alcoa Technical Center, the world’s largest light metals research center near Pittsburgh, Pennsylvania.
“Alcoa is investing in the next generation of 3D printing for aerospace and beyond,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Combining our expertise in metal alloys, manufacturing, design and product qualification, we will push beyond the limits of today’s additive manufacturing. This investment strengthens our leadership position in meeting fast-growing demand for aerospace components made using additive technologies.”
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Finally, CenturyLink, Inc. (NYSE:CTL), ended its last trade with 1.17% gain, and closed at $26.77.
CenturyLink declared that it will bring high-speed Internet services to about 1.2 million rural households and businesses in 33 states by accepting about $500 million a year for six years from the Federal Communications Commission (FCC)’s Connect America Fund (CAF).
CenturyLink is accepting 33 CAF phase II statewide offers from the FCC to bring Internet service with speeds of at least 10 Mbps download and 1 Mbps upload to locations in FCC-designated, high-cost census blocks.
Once CenturyLink’s CAF II six-year build-out plan is finalized over the coming months, construction is predictable to start in early 2016. CenturyLink is accepting the CAF II obligation to build and maintain a broadband network that reaches these high-cost locations, thus committing billions of dollars in capital expenditures to rural America.
CenturyLink has decided to decline the CAF II statewide offers for the states of California, Mississippi, Oklahoma and Wyoming. According to the CAF II rules, companies must decide whether to accept CAF II funding and related service obligations for their service areas on a statewide basis. If a company declines to accept a CAF II statewide offer, that funding will be subject to a competitive bidding process prescribed by the FCC whereby eligible providers can bid to serve all or part of those areas. CenturyLink remains committed to meeting the communications needs of its customers and may elect to take part in the FCC’s bidding process and compete for CAF II support once the auction rules and requirements are finalized by the FCC.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
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