On Thursday, Shares of Baxter International Inc. (NYSE:BAX), gained 3.92% to $40.01.
Baxter International stated second quarter financial results that exceeded the company’s formerly issued guidance, and offered its complete financial outlook for the second half of 2015. The results for the second quarter of 2015 comprise the company’s BioScience business, which was officially spun-off on July 1st and is now operating as a publicly traded biopharmaceutical company, Baxalta Incorporated (BXLT). Starting in the third quarter of 2015, the BioScience business will be presented as a suspended operation in Baxter’s results.
For the second quarter, Baxter posted net income of $332 million and earnings of $0.60 per diluted share. Second quarter 2015 results comprised of net after-tax special items totaling $218 million (or $0.40 per diluted share) primarily related to costs associated with the company’s spin-off of Baxalta, select business development initiatives and intangible asset amortization, partially offset by a benefit from a litigation settlement in which Baxter was the beneficiary. Second quarter 2014 results comprised of net after-tax charges totaling $172 million or ($0.31 per diluted share).
Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.
Shares of Gevo, Inc. (NASDAQ:GEVO), inclined 19.63% to $2.62, during its last trading session.
Gevo, has declared that Express Lube of Fredericksburg, Texas, is the first U.S. service station to sell gasoline blended with Gevo’s renewable isobutanol at the pump. This is anticipated to be the first of many retail locations to offer Gevo’s product as the company rolls out its isobutanol to the marina, outdoor equipment and off-road gasoline markets.
According to Express Lube owner Adam Sheffield, he decided to sell isobutanol-blended gasoline because its moisture resistance and capacity to reduce engine corrosion are ideal for equipment and vehicles that are used intermittently. Sheffield learned about Gevo’s renewable isobutanol from Kino Oil, a local distributor that sells the product in drums. Kino began to offer the fuel made with isobutanol after finding that it is ethanol-free and is excellent for use with marine and off-road engines.
As a result of this improved performance offered by isobutanol-blended gasoline, Express Lube has been selling its fuel at over a 50 percent premium in comparison to local E10 gasoline blends (10 percent ethanol).
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.
Finally, American Express Company (NYSE:AXP), ended its last trade with 0.55% gain, and closed at $76.12.
American Express Company and Best Buy declare the launch of a new e-commerce technology integration that enables U.S.Card Members enrolled in the Membership Rewards® program to seamlessly use their points for online purchases on BestBuy.com. Starting recently, Card Members can use their Membership Rewards points for all or part of each online purchase and either pick it up in one of Best Buy’s stores or have it delivered to their door.
“Our Card Members love shopping at Best Buy and we wanted to provide them with more value, choice and flexibility each time they check out,” said Leslie Berland, executive vice president, Global Brand, Marketing & Digital Partnerships at American Express. “We worked closely with Best Buy to integrate this seamless experience that further enhances the utility of our world-class Membership Rewards program in a powerful, new way.”
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide.
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