On Monday, Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), lost -0.10% to $30.66.
21st Century Fox Inc. may lose as much as $60 million on “Fantastic Four,” the superhero reboot that flopped in theaters this weekend, according to FBR & Co.
The film, based on comic-book characters licensed by Fox, was hammered by critics. It was the first Marvel movie in three years not to open in first place, according to Rentrak Corp. Fox has slipped to fourth place this year at the domestic box office, after leading all studios in 2014, according to Bloomberg.
“This movie is now pacing for a writeoff and a loss of over $60 million, creating a negative start to Fox’s already cautious forecast,” Barton Crockett, an analyst at FBR & Co., said in a research note Sunday. Bloomberg Reports
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 National Oilwell Varco, Inc. (NYSE:NOV), inclined 2.94% to $40.90, during its last trading session.
National Oilwell Varco told the state of Texas it will close its Fiber Glass Systems facility in Mineral Wells, Texas, according to American City Business Journals.
Similarly, the oilfield equipment maker recently told the Texas Workforce Commission it would close a facility in Willis, north of Houston, affecting 150 jobs.
The Mineral Wells closure will occur over the next five months and is predictable to affect a total of about 110 employees, National Oilwell Varco said in its latest Workforce Adjustment and Retraining Notification Act letter to the TWC. American City Business Journals Reports
The job cuts will occur in phases, the first of which began on Aug. 6. American City Business Journals added.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide.
Finally, CF Industries Holdings, Inc. (NYSE:CF), ended its last trade with 3.41% gain, and closed at $60.95.
CF Industries Holdings and OCI N.V. (NYSE Euronext:OCI) declared that they have reached a definitive agreement under which CF will combine with OCI’s European, North American and Global Distribution businesses in a transaction valued at about $8 billion, based on CF’s current share price, counting the assumption of about $2 billion in net debt.
The transaction, which has been unanimously approved by the boards of directors of both companies, will create the world’s largest publicly traded nitrogen company. The transaction comprises OCI’s nitrogen production facilities in Geleen, Netherlands, and Wever, Iowa, and the company’s interest in an ammonia and methanol complex in Beaumont, Texas, together with its global distribution business based in Dubai, United Arab Emirates. The combined entity will also purchase a 45 percent interest plus an option to acquire the remaining interest in OCI’s Natgasoline project in Texas, which upon completion in 2017 will be one of the world’s largest methanol facilities. On a combined basis the company will have production capacity of about 12 million nitrogen-equivalent nutrient tons by mid-year 2016.
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company’s principal nitrogen fertilizer products comprise ammonia, granular urea, and urea ammonium nitrate solution. Its other nitrogen products comprise ammonium nitrate, diesel exhaust fluid, urea liquor, and aqua ammonia.
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