On Friday, Shares of Fossil Group Inc (NASDAQ:FOSL), gain 2.91% to $36.79.
Fossil Group, declared that it has extended a global watch licensing agreement with Diesel through 2025.
Fossil Group, Inc., together with its auxiliaries, designs, develops, markets, and distributes consumer fashion accessories. The company operates through four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer.
Shares of FuelCell Energy Inc (NASDAQ:FCEL), inclined 3.98% to $0.794, during its last trading session.
FuelCell Energy, declared the commencement of the formerly revealed North American manufacturing facility expansion, and closing on an Assistance Agreement with the Connecticut Department of Economic and Community Development. A groundbreaking ceremony was held earlier recently to highlight the expansion project, which will improvement the size of the facility by about 102,000 square feet to about 167,000 square feet in total. The project will enhance and streamline logistics functions and manufacturing processes and prepare for subsequent manufacturing capacity expansion.
“We are proud that Fuel Cell Energy is ongoing to grow its presence in Connecticut, particularly because it is a company that is nurturing and creating the type of cutting edge, innovative jobs that are leading the 21st century economy, all while assisting to advance our environmental aims. These are the advanced technologies that are assisting our state, our nation, and our world reduce its carbon pollution, and truly assisting make a positive impact,” said Governor Malloy.
The expansion is being undertaken in two phases with the first stage increasing the size of the manufacturing facility and the second stage increasing annual manufacturing capacity from the current 100 megawatts to at least 200 megawatts. The State of Connecticut has extended a financial package through the Department of Economic and Community Development for both stages, counting $20 million of low interest long-term loans and up to $10 million of tax credits, predicated on certain terms and conditions, counting the forgiveness of up to 50 percent of the loan principal if certain job retention and job creation targets are reached. The State has advanced $10 million to date under the Phase 1 loa contract. Principal payments are deferred for four years and interest is payable monthly at a fixed rate of 2.0 percent. The loan is secured by certain equipment and facilities of the Company.
Fuel Cell Energy, Inc., together its auxiliaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company is also involved in the development, design, production, and sale of fuel cell products under the Direct FuelCell name.
Finally, Shares of McGraw Hill Financial Inc (NYSE:MHFI), ended its last trade with 0.52% gain, and closed at $96.89.
Natural gas production in the lower 48 United States averaged 71.9 billion cubic feet per day (Bcf/d) in October, a decline of more than 0.5 Bcf/d, or 1%, from September, according to Platts Bentek, an analytics and forecasting unit of Platts, a leading global provider of energy and commodities information.
From a broader perspective, the October production is 0.2 Bcf/d less than the August average.
The U.S. Energy Information Administration (EIA) will publish its domestic production estimates for September on or around November 30, 2015.
“Almost the entirety of the October production drop can be attributed to the Southeast/Gulf and Texas regions,” said Sami Yahya, Platts Bentek energy analyst. “Production in the Southeast shed about 0.3 Bcf/d in October, a direct result of various planned maintenance events that curtailed offshore volumes. In Texas, production also dipped by 0.3 Bcf/d. The combined decline of both regions was slightly offset by an uptick in Rockies production of about 0.1 Bcf/d over the same time period.”
Maintenance events are more common in the months leading up to the winter, as pipeline companies try to ensure smoother operations when peak demand and constant high pipe utilization materialize, Platts Bentek said in its latest report. Historically, maintenance events or shut-ins in the Southeast and Texas would be offset, at least in part, by production in the Northeast. However, last month, the Northeast practiced its own heavy set of maintenance.
McGraw Hill Financial, Inc. provides benchmarks and ratings, analytics, data, and research services for the capital, commodities, and commercial markets worldwide. It operates in four segments: Standard & Poor’s Ratings Services (S&P Ratings), S&P Capital IQ, S&P Dow Jones Indices (S&P DJ Indices), and Commodities & Commercial (C&C).