On Wednesday, in the course of current trade, Shares of Comcast Corporation (NASDAQ:CMCSA), gained 0.74%, and is now trading at $59.26.
Comcast declared that Chris Satchell will join the company as Executive Vice President and Chief Product Officer for Comcast Cable. In this role, Chris will lead Comcast’s product team in Philadelphia, Denver and Silicon Valley to develop and design the company’s consumer products that are enjoyed by millions of people every day. Chris succeeds Charlie Herrin, who now serves as Executive Vice President of Customer Experience.
Chris joins Comcast from Nike, where he served as Consumer Technology Officer and was responsible for the strategy and execution related to all consumer-focused technology and digital assets. He led a team of 1,600 employees within Nike’s Consumer Digital Technology, which designed, built and operated applications and services globally.
Preceding to Nike, Chris was Chief Technology Officer and EVP of R&D at IGT (Internal Game Technology), a global gaming and lottery systems company. Before IGT, he served as Chief Technology Officer for Microsoft’s Interactive Entertainment Business, and was responsible for product and technical development across multiple areas of the gaming business, counting Xbox, Games for Windows, Xbox Live and Microsoft Game Studios. While at Microsoft, Chris also held many other roles, counting General Manager and Chief Software Architect for Microsoft XNA, the business responsible for developing tools that facilitate video game development and administration.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
During an Afternoon trade, Shares of Alpha Natural Resources, Inc. (NYSE:ANR), dipped -3.13%, and is now trading at $0.52.
Operating associates of Alpha Natural Resources, have notified employees recently of the predictable idling of the mining and processing operations where they work. In accordance with requirements of the Worker Adjustment and Retraining Notification (WARN) Act, notices were given recently to 439 employees at Rockspring Development’s Camp Creek Underground Mine and Processing Plant in Wayne County, West Virginia, regarding the predictable idling of those facilities based on the mine operator’s current assessment of market conditions.
Additionally, three other Alpha-associated mine operators declared last week that reductions in force were taking place at their locations due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian coal industry. A total of 71 employees were influenced:
- Enterprise Mining’s EMC #9 underground mine in Knott County, KY and Roxana Prep plant in Letcher County, KY reduced the workforce by 17.
- Knox Creek Coal’s Tiller #1 underground mine in Tazewell County, VA eliminated 35 positions.
- Mill Branch Coal’s Dorchester and North Fork underground mines in Wise County, VA and Letcher County, KY reduced the number of workers by 19.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming.
Shares of The Blackstone Group L.P. (NYSE:BX), during its Wednesday’s current trading session gained 0.87%, and is now trading at $43.72.
The Blackstone Group, and Brookfield Property Partners L.P. declared that a Brookfield-managed fund has agreed to acquire Center Parcs UK for an unrevealed sum from funds managed by Blackstone’s private equity and real estate businesses. The transaction is due to complete by the end of July.
Center Parcs operates five short break destinations across the UK: Sherwood Forest, Nottinghamshire; Elveden Forest, Suffolk; Longleat Forest, Wiltshire; Whinfell Forest, Cumbria and Woburn Forest, Bedfordshire. In 2015, Center Parcs anticipates to welcome more than two million guests. The Center Parcs concept originated in Holland in 1967, with Sherwood Forest opening in the UK in 1987. Each Center Parcs is nestled within around 400 acres of protected and improved woodland, with the holiday village designed to complement and work with the forest environment. Center Parcs UK is a separate entity to Center Parcs Europe. Center Parcs UK’s occupancy levels have averaged about 97% over the last five years.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
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