On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), gained 1.37% to $14.05, as oil prices rose to the highest level of the year Tuesday on a weaker dollar and expectations of a fifth straight weekly decline in U.S. crude supplies.
Energy stocks jumped as the price of oil continues to climb. U.S. benchmark crude was up 1.9% to $61.35 a barrel on the New York Mercantile Exchange.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas.
Shares of Ctrip.com International Ltd. (NASDAQ:CTRP), declined -5.62% to $77.04, during its last trading session.
Ctrip.com International, declared that it is no longer interested in pursuing a potential M&A discussion with Qunar Cayman Islands Limited (QUNR), given Qunar’s recent earnings performance and corporate actions. After being approached by Qunar, Ctrip sent a confidential, non-binding, preliminary proposal to Qunar’s board of directors in early May indicating its interest in pursuing a potential transaction with Qunar. Ctrip received a response from Qunar earlier this week stating that the proposal was not accepted and indicating that Qunar would be open to having further discussions.
Ctrip is confident about its future and its ability to continue to be the most profitable, the largest and fast growing OTA in China based on its years of experiences, innovation and strong operation capability. Ctrip is a long-term player in the OTA market, and has the ability, resource, determination and patience to extend its leadership for many years to come. Meanwhile, Ctrip will continue to explore other partnership opportunities that will bring planned value in the Internet and e-commerce space.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China.
At the end of Tuesday’s trade, Shares of Southern Company (NYSE:SO), lost -0.89% to $43.28.
On Thursday, leaders from Georgia Power joined executives from Porsche Cars North America (PCNA) and more than 100 local PCNA employees to recognize the automotive company for its commitment to electric vehicle (EV) workplace charging. During a special event at PCNA headquarters, Georgia Power presented PCNA with a rebate following the installation of 24 Level 2 workplace chargers at the location earlier this year. The $12,000 rebate was presented as part of Georgia Power’s EV charger rebate program for business customers, which offers qualifying customers a $500 rebate for each new 240-volt Level 2 workplace charger installed.
Since launching the EV charger rebate program for business customers in late 2014, Georgia Power has awarded more than 250 individual rebates to companies of all sizes.
Georgia Power is the largest partner of Southern Company (SO), one of the nation’s largest generators of electricity. Value, Reliability, Customer Service and Stewardship form the cornerstones of the company’s promise to 2.4 million customers in all but four of Georgia’s 159 counties.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Finally, Guess’ Inc. (NYSE:GES), ended its last trade with 6.21% surge, and closed at $18.65.
Guess?, stated financial results for its first quarter ended May 2, 2015.
First Quarter Fiscal 2016 Highlights
- North American Retail revenues reduced 6%; retail comp sales counting e-commerce reduced 6% in U.S. dollars and 4% in constant currency
- European revenues reduced 14% in U.S. dollars and raised 8% in constant currency
- Asian revenues reduced 9% in U.S. dollars and 6% in constant currency
- North American Wholesale revenues reduced 5% in U.S. dollars and raised 1% in constant currency
- Earnings from operations of $4 million in Q1 fiscal 2016; contrast to loss from operations of $2 million in Q1 fiscal 2015.
Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities. It operates through North American Retail, Europe, Asia, North American Wholesale, and Licensing segments.
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