On Wednesday, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.12% to $126.01. The company attained the volume of 34,695,235 shares as compared to its average volume of 51,718,400 shares.
Apple Inc and electric battery maker A123 Systems are close to settling a legal dispute over claims that the smartphone and computer maker, which is also looking into building an electric vehicle, poached A123 employees to build a large-scale battery unit, according to Reuters
A123, which makes batteries that are used in electric cars, sued Apple in February in Massachusetts federal court, claiming that around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company’s most critical projects. Apple denied the claims.
The Waltham, Mass.-based battery maker revealed in court papers Monday that the parties have reached a contract to settle the case and are working out the final details, Reuters reports.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of CenturyLink, Inc. (NYSE:CTL), declined -1.86% to $34.35, during its last trading session.
CenturyLink, declared that some Portland residents and businesses can now subscribe to Prism™ TV, an interactive TV service delivered through CenturyLink’s nationwide fiber optic network. Prism™ TV is an alternative to cable and satellite services and provides customers with the latest in entertainment technology.
In 2014, CenturyLink deployed fiber-enabled 1 gigabit broadband service to residential and business customers in Portland and is now making additional investments to offer Prism™ TV service.
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. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.
At the end of Wednesday’s trade, Shares of ONEOK Inc. (NYSE:OKE), gained 2.65% to $44.51.
ONEOK, will present at the American Gas Association Financial Forum on Mon., May 18, 2015, in Palm Desert, Calif.
Pierce H. Norton II, president and chief executive officer of ONE Gas, will present at the conference at 10:30 a.m. Pacific Daylight Time (12:30 p.m. Central Daylight Time).
The materials utilized at the conference also will be accessible on the website on Sun., May 17, 2015, starting at 8 a.m. Pacific Daylight Time (10 a.m. Central Daylight Time).
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
Finally, SUPERVALU Inc. (NYSE:SVU), ended its last trade with 0.55% gain, and closed at $9.11.
SUPERVALU, stated fourth quarter fiscal 2015 net sales of $4.36 billion and net earnings from ongoing operations of $36 million ($0.13 per diluted share).
“We finished the year with a strong quarter, highlighted by positive identical store sales at both Save-A-Lot and Retail Food in addition to the transition of the first stores in our important new relationship with Haggen,” said President and CEO Sam Duncan. “Overall, fiscal 2015 was a year of planned investment in all three of our business segments and I’m happy with how these investments have positioned us for growth in fiscal 2016.”
Key Fourth Quarter Results
Fourth quarter net sales were $4.36 billion contrast to $3.95 billion last year, an enhance of $411 million or 10.4 percent, counting the 53rd week, or an enhance of $98 million or 2.5 percent not taking into account the additional week in fiscal 2015. Identical store sales in the Save-A-Lot network were positive 3.6 percent. Identical store sales for corporate stores within the Save-A-Lot network were positive 6.6 percent. Identical store sales in the Retail Food segment were positive 1.1 percent. Total sales within the Independent Business segment raised 7.4 percent, or reduced by 0.5 percent not taking into account the additional week. Fees earned under the Transition Services Agreements (“TSA”) in the fourth quarter were $49 million contrast to $46 million last year.
Gross profit for the fourth quarter was $661 million, or 15.1 percent of net sales. Last year’s fourth quarter gross profit was $590 million, or 14.9 percent of net sales. The enhance in gross profit rate contrast to last year was primarily driven by lower logistics costs and a shift in business mix.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food.
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