On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -1.84% to $8, hitting its lowest level, despite Global crude prices rose from multi-month lows on Tuesday, assisted by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude’s rebound unlikely to hold, traders and analysts said, according to Reuters.
Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions, a day after Monday’s 5 percent rout triggered by weak factory activity in China. Reuters Reports
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of 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; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.
Shares of AAC Holdings, Inc. (NYSE:AAC), declined -39.34% to $19.89, during its last trading session, hitting its lowest level.
AAC Holdings offered the following comments in response to published reports.
“AAC has treated well over 15,000 clients since the founding of a predecessor company in 2004. Every day we come to work with the intention of assisting save our clients from the horrible effects of addiction.
“We believe the indictment of the company and the five individuals was legally and factually unfounded, and that the recent published reports are without merit.
“Sadly, deaths occur in this industry, as they do in healthcare settings. Drug abuse is an epidemic in this country, affecting millions of people with a $600 billion societal cost, according to the National Institute on Drug Abuse. Every day, 105 people die and another 6,748 are treated in emergency departments as a result of drug overdose or for the misuse or abuse of drugs, according to the National Comorbidity Survey.
AAC Holdings, Inc. provides inpatient substance abuse treatment services for individuals with drug and alcohol addiction in the United States. Its therapy services comprise motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, seeking safety, eye movement desensitization and reprocessing, and systematic family intervention services.
Finally, Texas Instruments Inc. (NASDAQ:TXN), ended its last trade with -0.50% loss, and closed at $49.84.
Texas Instruments Incorporated declared the election of Cynthia Hoff Trochu as senior vice president, secretary and general counsel, replacing Joe Hubach, who is retiring from TI after 31 years of service.
In her new position, Cynthia will play an integral role in developing company policies, counseling on business strategies and ensuring TI’s global compliance. In addition to serving as general counsel, Cynthia will join TI’s administration committee and act as secretary to the board and chief compliance officer.
“Cynthia’s global experience across many of our business and support entities, combined with her strong business acumen, thoughtful analysis and sound legal counsel, will continue to benefit our company,” said Rich Templeton, chairman, president and CEO. “She is a strong partner and counselor to our business leaders, and she assisted lead our global compliance efforts over the last several years, actively championing our foundational commitment to ethics and integrity in everything we do. I look forward to Cynthia’s continued contributions to making TI stronger.”
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power administration products to enhance the efficiency of powered devices using battery administration solutions, portable power conversion devices, power supply controls, and point-of-load products.
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