During Thursday’s Morning trade, Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), gained 0.37% to $32.81.
The Board of Twenty-First Century Fox, declared a series of senior administration changes, which will take effect July 1, 2015.
Rupert Murdoch, the Company’s founder and Chairman and CEO, together with Lachlan Murdoch, presently Co-Chairman, will become Executive Co-Chairmen.
Chase Carey, the Company’s Deputy Chairman, President and COO since 2009, will become the Executive Vice Chairman and serve in that role through June 30, 2016.
James Murdoch, presently Co-Chief Operating Officer, will become Chief Executive Officer.
In conjunction with these changes, the Company’s corporate functions, and its global television and film operations will now jointly report to Lachlan and James Murdoch.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments.
Shares of Encana Corporation (NYSE:ECA), declined -0.25% to $12.05, during its current trading session.
Moody’s Investors Service lowered Encana’s outlook to negative from stable and affirmed its Baa2 senior unsecured rating, Prime-2 commercial paper rating and (P)Baa2 senior unsecured MTN program rating.
“The lowering of Encana’s outlook to negative reflects the company’s continued reliance on the sale of a depleting pool of valuable non-core assets to fund negative free cash flow as it concentrates its capital on its recent oil play acquisitions in Texas,” said Terry Marshall, Moody’s Senior Vice President. “Encana’s transition to a company with a more balanced set of oil and gas development opportunities is largely complete, but the execution of its plan to ramp up oil and natural gas liquids production will require noteworthy capital, and it will be 2017 before Encana is able to internally fund its liquids production growth.”
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Finally, CONSOL Energy Inc. (NYSE:CNX), lost -3.13%, and is now trading at $24.13, hitting its lowest level.
CONSOL Energy, a Delaware limited partnership formed by CONSOL Energy Inc. (CNX) declared that it has launched its initial public offering of 10,000,000 common units representing limited partner interests. The common units are predictable to trade on the New York Stock Exchange under the ticker symbol “CNXC.” The underwriters of the offering will have a 30-day option to purchase up to an additional 1,500,000 common units to cover over-allotments, if any.
The common units being offered in the offering represent a 42.2% limited partner interest in CNX Coal Resources (or a 48.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). CONSOL will own a 55.8% limited partner interest in CNX Coal Resources (or a 49.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). In addition, CONSOL will own, through its ownership of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources, a 2% general partner interest and the incentive distribution rights in CNX Coal Resources.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
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