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Saturday 25 April 2015
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4 Losers to watch: Pier 1 Imports Inc (NYSE:PIR), General Electric Company (NYSE:GE), Newfield Exploration Co (NYSE:NFX), ONEOK, Inc (NYSE:OKE)

On Monday, Pier 1 Imports Inc (NYSE:PIR)’s shares declined -0.31% to $12.91.

On April 8, Pier 1 Imports Inc (PIR), declared that its Board of Directors declared a $0.07 per share quarterly cash dividend on the Company’s outstanding shares of common stock. The $0.07 quarterly cash dividend will be paid on May 6, 2015, to shareholders of record on April 22, 2015, and represents a 17% raise from the $0.06 cash dividend paid in the preceding period.

Pier 1 Imports, Inc. is engaged in the retail sale of decorative home furnishings, furniture, gifts, and related products. It sells various decorative accessories, such as decorative accents and textiles comprising rugs, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, candles, seasonal, and gift products. The company also offers furniture and furniture cushions used in living, dining, office, kitchen, and bedroom areas, in addition to in sunrooms and on patios; wall decorations and mirrors; and dining and kitchen goods.

General Electric Company (NYSE:GE)’s shares dropped -0.84% to $27.02, during the last trading session on Monday.

Yesterday, Ascendify, a modern talent acquisition platform, declared a new investment from GE Ventures. Ascendify has been working closely with GE Ventures to assist drive better hiring outcomes through a more social and engaging approach to recruiting. By leveraging Ascendify’s platform, which comprises talent communities, internal recruiting teams can proactively cultivate and build strong pipelines of high quality candidates to quickly identify top talent and match them to open jobs.

Lisa Coca, GE Ventures, said, “GE has more than 300,000 employees at work in more than 170 countries and has a strong history of planned human resources. This is another step towards blending planned human resources and technology innovation. Ascendify’s platform socially connects and empowers enterprises in new ways. We are excited about supporting Ascendify’s continued work with GE.”

“Ascendify is working with a select group of global companies to build a next generation recruiting platform that’s specifically designed to handle the complex needs of large companies. Our platform delivers a beautiful, integrated experience and connects people to drive better hiring outcomes and business performance in ways never before possible,” said Matt Hendrickson, CEO of Ascendify.

General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.

At the end of Monday’s trade, Newfield Exploration Co (NYSE:NFX)‘s shares dipped -0.83% to $38.16.

On April 2, Newfield Exploration Co (NFX), will host its first quarter 2015 earnings conference call at 10:00 a.m. (CST), Wednesday, May 6, 2015. The Company plans to release its first quarter earnings after market close on May 5, 2015.

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s primary areas of operation comprise the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.

ONEOK, Inc (NYSE:OKE), ended its Monday’s trading session with -0.83% loss, and closed at $49.13.

On April 16, the board of directors of ONEOK Partners, L.P. (OKS) declared that Michael G. Hutchinson has joined the board, effective April 16, 2015. With the addition of Hutchinson, the ONEOK Partners board now has eight members, six of whom are independent. Gil J. Van Lunsen stepped down from the board earlier this month after 10 years of service.

Hutchinson, 59, stepped down as a partner of Deloitte & Touche in 2012 after nearly 35 years with the firm. During his Deloitte career, he led the energy and natural resources practice in Colorado for more than 10 years while also managing more than 150 people in the Denver, Colorado, audit and enterprise risk administration practice.

“Hutch will be a valuable addition to our board,” said John W. Gibson, chairman, ONEOK Partners. “His extensive knowledge and experience in accounting, finance and master limited partnerships will greatly benefit our board and unitholders.”

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. The company also gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), in addition to owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and owns and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, in addition to stores and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, and propane distributors.

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