On Wednesday, Shares of Pepco Holdings, Inc. (NYSE:POM), gained 0.92% to $26.86.
Pepco Holdings, stated second quarter and six months ended June 30, 2015 merged earnings.
“Our aims remain unchanged. We are committed to system reliability and ongoing improvement of the customer experience as we move forward with our pending merger with Exelon,” said Joseph M. Rigby, Chairman, President and Chief Executive Officer. “Raised operation and maintenance costs, primarily driven by the implementation of a new customer information system, influenced second quarter results.” Rigby added, “In May, both the Maryland and Delaware Public Service Commissions approved the projected merger. We continue to expect the transaction to close in the third quarter of this year creating a stronger combined company that is better positioned to deliver value to our stakeholders.”
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
Shares of Hexcel Corporation (NYSE:HXL), inclined 6.37% to $51.77, during its last trading session.
Hexcel Corporation, priced an offering of $300 million of 4.7% Senior Unsecured Notes (the Notes) due 2025. The Notes will be sold at a price of 99.713% of their face value. The offering is predictable to close on August 3, 2015, subject to customary closing conditions. The Notes will be issued under the Company’s presently effective shelf registration statement filed with the Securities and Exchange Commission.
The net proceeds from this offering are estimated to be about $296.3 million after deducting the underwriting discount, the original issuance discount and our other estimated offering expenses payable by us. Hexcel intends to use the net proceeds from the offering to reduce amounts outstanding under its Revolving Credit Facility and for general corporate purposes, which may comprise the repurchase of shares of its outstanding common stock.
Hexcel Corporation, together with its auxiliaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets in the United States and internationally.
At the end of Wednesday’s trade, Shares of Novo Nordisk A/S (ADR) (NYSE:NVO), gained 1.63% to $59.35.
Mr. Jakob Riis, Executive Vice President, China, Pacific & Marketing, Novo Nordisk A/S, is happy to declare the appointment of Mr. Brian Hilberdink to the role of President, Novo Nordisk Canada Inc.
Mr. Hilberdink is an accomplished executive with 20 years of global and domestic experience developing and executing Novo Nordisk’s commercial strategy. He formerly held the position of Vice President, Diabetes Marketing and Market Access, Novo Nordisk Canada. Preceding to this role, Brian was Corporate Vice President, Global Marketing, Novo Nordisk A/S, and led the commercialization of the company’s future insulin portfolio, from phase 2 clinical development until the first launches in Europe and Japan. He also has experience working in the U.S. where, as Director, Brand Administration, he led multiple brand teams during a period of noteworthygrowth for Novo Nordisk U.S.
Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes Care and Biopharmaceuticals.
Finally, NRG Yield, Inc. Class C (NYSE:NYLD), ended its last trade with -1.45% loss, and closed at $19.07.
NRG Yield, planned to present its Second Quarter 2015 financial results in a conference call and webcast to be held Tuesday, August 4, 2015 from 9:30 to 10:00 am Eastern following NRG Energy’s (NRG) earnings call planned for 8:00 am the same day.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
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