On Thursday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), gained 0.51% to $3.97.
Sirius XM declared that it will launch a new 24/7 comedy channel showcasing the greatest stand-up performers of all time. SiriusXM Comedy Greats, planned to launch on August 13, will celebrate the art of stand-up comedy and will feature the top 100+ comics.
SiriusXM listeners can expect to hear the best from comedy’s biggest and best names from the past and present, such as Lewis Black, George Carlin, Louis C.K., Ellen DeGeneres, Kevin Hart, Bill Maher, Eddie Murphy, Richard Pryor, Joan Rivers, Amy Schumer and Jerry Seinfeld.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Linn Co, LLC (NASDAQ:LNCO), declined -29.33% to $4.41, during its last trading session, hitting its lowest level.
LINN Energy, LLC and LinnCo, LLC (LNCO) declared financial and operating results for the three months ended June 30, 2015, the intent to recommend suspension of LINN’s distribution and LinnCo’s dividend and the repurchase of about $599 million of senior notes at a 35 percent discount.
LINN stated the following second quarter 2015 results:
- Grew average daily production by 1.5 percent to about 1,219 MMcfe/d for the second quarter 2015, contrast to 1,201 MMcfe/d for the first quarter 2015;
- Raised full-year 2015 production guidance by about four percent and reduced lease operating expenses guidance by six percent;
- Total revenues of about $322 million for the second quarter 2015, which comprises losses on oil and natural gas derivatives of about $191 million;
- Improved lease operating expenses by 18 percent to about $141 million for the second quarter 2015, contrast to $173 million for the first quarter 2015;
- Net loss of about $379 million, or $1.12 per unit, for the second quarter 2015, which comprises non-cash losses related to changes in fair value of unsettled commodity derivatives of about $455 million, or $1.33 per unit;
- Excess of net cash offered by operating activities after distributions to unitholders and discretionary adjustments considered by the Board of Directors (“Board”), counting total development of oil and natural gas properties (see Plan 1) of about $71 million for the second quarter 2015; and
- Estimated net positive mark-to-market hedge book value of about $1.6 billion as of June 30, 2015, and $1.8 billion as of July 28, 2015.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
Finally, Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), ended its last trade with 0.21% gain, and closed at $14.31.
Susquehanna Bancshares declared that it earned net income for the second quarter ended June 30, 2015 of $35.7 million, or $0.19 per diluted share. This compares to net income of $29.0 million, or $0.16 per diluted share, for the first quarter of 2015 and $43.5 million, or $0.23 per diluted share, for the second quarter of 2014. Of note, the first and second quarter of 2015 comprised of after-tax merger related expenses of $2.9 million and $783,000, respectively.
- Linked Quarter Results (Second Quarter 2015 vs. First Quarter 2015)
- Loans and leases reduced $3.4 million from March 31, 2015 to $13.5 billion at June 30, 2015. Changes for the quarter in each major loan category were as follows:
- Commercial loans raised 1.6%.
- Real estate – construction loans reduced 9.8%.
- Real estate secured – residential loans reduced 1.6%.
- Real estate secured – commercial loans raised 0.6%.
- Consumer loans raised 4.6%.
- Leases raised 2.8%..
Susquehanna Bancshares, Inc. operates as the bank holding company for Susquehanna Bank that provides a range of retail and commercial banking, and financial products and services in the mid-Atlantic region.
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