On Thursday, Shares of LyondellBasell Industries NV (NYSE:LYB), gained 5.39% to $85.26.
LyondellBasell, declared that Doug Pike, vice president of Investor Relations, will address investors at 12:10 p.m. EDT on September 10, 2015, during the RBC Capital Markets’ Global Industrial Conference at the Mandarin Oriental Las Vegas hotel.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Refining; and Technology.
Shares of Turquoise Hill Resources Ltd (NYSE:TRQ), inclined 4.90% to $3.00, during its last trading session.
Turquoise Hill Resources, declared that Oyu Tolgoi has filed revised plans for the 2015 Oyu Tolgoi Feasibility Study (OTFS 2015) with the Mongolian Minerals Council (MMC). The filing also aligned OTFS 2015 with the Oyu Tolgoi Underground Mine Development and Financing Plan (Underground Plan), which was signed in May 2015.
The MMC has already tentatively accepted OTFS 2015, originally filed in March 2015, pending a revision of plans and alignment with the Underground Plan. OTFS 2015 is based on the same feasibility study and aligns with the 2014 Oyu Tolgoi Technical Report, which was revealed in October 2014. An update to the capital estimate will be accomplished in parallel with other pre-start activities, ahead of final approval of the project by the Turquoise Hill, Rio Tinto and Oyu Tolgoi boards. The preferred engineering, procurement and construction administration (EPCM) contractor has been engaged to complete some critical path detailed engineering and the re-estimate.
Funding for pre-start activities has been approved, counting ramp up of the owners and EPCM team; re-estimate activities, detailed engineering and early procurement for plant, equipment and materials that are required for project restart in addition to necessary critical works that are key enablers for recommencement of lateral development mining activity. The funding covers work planned to take place before the official ‘notice to proceed’ is approved, which is predictable in early 2016. The intent of pre-start funding is to ensure the project is ramped back into production as soon as possible, while not making contract commitments ahead of concluding the full project approval. Lateral mining development is targeted to restart in mid-2016.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia.
At the end of Thursday’s trade, Shares of Lowe’s Companies, Inc. (NYSE:LOW), gained 0.48% to $69.08.
Lowe’s Companies stated net earnings of $1.13 billion for the quarter ended July 31, 2015, an 8.4 percent enhance over the same period a year ago. Diluted earnings per share raised 15.4 percent to $1.20 from $1.04 in the second quarter of 2014. For the six months, ended July 31, 2015, net earnings raised 8.2 percent from the same period a year ago to $1.80 billion, and diluted earnings per share raised 15.9 percent to $1.90.
Sales for the second quarter raised 4.5 percent to $17.3 billion from $16.6 billion in the second quarter of 2014, and comparable sales raised 4.3 percent. For the six-month period, sales were $31.5 billion, a 4.9 percent enhance over the same period a year ago, and comparable sales raised 4.7 percent. Comparable sales for the U.S. home improvement business raised 4.6 percent for the second quarter and 4.9 percent for the six-month period.
“We posted solid results for the quarter and were able to capitalize on big-ticket market share opportunities with strong growth in categories like appliances and outdoor power equipment,” commented Robert A. Niblock, Lowe’s chairman, president and CEO. “I would like to thank our employees for their hard work and commitment to serving customers during this important selling season.”
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
Finally, Synopsys, Inc. (NASDAQ:SNPS), ended its last trade with 0.49% gain, and closed at $46.94.
Synopsys declared that it has reached an accelerated share repurchase agreement (ASR) with Bank of America Merrill Lynch to repurchase an aggregate of $100 million of Synopsys stock. This is the second ASR launched during the current fiscal year – the first being a $180 million ASR that was instituted in December 2014.
Under the terms of the ASR, Synopsys will receive an initial share delivery of about 1.7 million shares, with the remainder to be settled on or before December 7, 2015, upon completion of the repurchase. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on Synopsys’ volume weighted average share price during the repurchase period, less a discount.
Synopsys, Inc. provides electronic design automation (EDA) software products used to design and test integrated circuits and electronic systems in the United States, Europe, Japan, and the rest of Asia Pacific.
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