On Monday, Shares of Goodyear Tire & Rubber Co (NASDAQ:GT), lost -4.06% to $28.09.
Goodyear Tire & Rubber Company declared that Chris Delaney has been named president-elect of its Asia Pacific business unit. He will join the company on August 24, 2015 and assume full responsibility for the business on January 1, 2016.
Daniel L. Smytka, president of the company’s Asia Pacific business since 2011, will work closely with Delaney on the transition before moving to another leadership role reporting to Goodyear Chairman and Chief Executive Officer Richard J. Kramer.
Delaney comes to Goodyear with more than 30 years of global leadership experience in Asia Pacific, North America, Europe, and the Middle East. For the past four years, he was the CEO of Goodman Fielder Limited, the largest public food company in Australia and New Zealand.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.
Shares of Navient Corp (NASDAQ:NAVI), declined -5.98% to $13.06, during its last trading session.
Navient, declared that it is exercising call options on three trusts, SLM Student Loan Trusts 2002-6, 2003-8, 2003-9, backed by federally guaranteed student loans. As a result, all outstanding bonds issued by the three trusts representing $216 million of bonds will be repaid on Sept. 15, 2015.
“The exercise of our option represents our continued support of an active and liquid student loan asset-backed securities market,” said Jack Remondi, president and CEO, Navient. “As the largest issuer of student loan backed securities and the largest servicer of student loans, we take our leadership role seriously and are committed to providing value for our customers and investors.”
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other.
At the end of Monday’s trade, Shares of Basic Energy Services, Inc (NYSE:BAS), lost -6.39% to $3.44.
Basic Energy Services stated selected operating data for the month of July 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,400 producing a rig utilization rate of 52%, contrast to 55% and 69% in June 2015 and July 2014, respectively.
During the month, Basic’s fluid service truck count reduced by five to 1,007. Fluid service truck hours for the month were 193,200 contrasts to 193,200 and 214,900 in June 2015 and July 2014, respectively.
Drilling rig days for the month were 69 producing a rig utilization of 19%, contrast to 17% and 89% in June 2015 and July 2014, respectively.
Roe Patterson, Basic’s President and Chief Executive Officer, commented, “Our well servicing utilization reduced by 300 basis points, primarily as a result of the Fourth of July holiday period. In the latter part of the month, we achieved utilization rates that were at or slightly above the preceding month’s utilization rate of 55%. Our truck hours remained flat despite our truck count dropping during the month and the impact of the Fourth of July holiday period. Completion and contract drilling activity continues to be challenged by the noteworthyamount of excess equipment in the market and the recent volatility in oil prices. Pricing appears to have stabilized despite declines in predictable activity by our customers.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
Finally, MRC Global Inc (NYSE:MRC), ended its last trade with -3.96% loss, and closed at $10.90.
MRC Global declared that Robert “Bob” L. Wood has joined MRC Global’s Board of Directors.
Mr. Wood brings 30 years of global chemical industry experience and insight in addition to more than 25 years of public company board experience to MRC Global.
Mr. Wood spent 26 years in a variety of sales, marketing and administration roles within the Dow Chemical organization and ultimately became the Business Group President of the Thermosets and Dow Automotive Group. This $5.5 billion business portfolio comprised of Polyurethanes, Propylene Oxide/Propylene Glycol, Polyurethanes Systems Houses, Epoxy Products and Intermediates in addition to Dow Automotive. In this role, Mr. Wood was named to Dow’s Corporate Operating Board, which was charged with setting corporate strategy and establishing corporate policies. Preceding to that, Mr. Wood was the Global Vice President of Polyurethanes and Global Vice President of Engineered Plastics.
From 2004 to 2008, Mr. Wood was Chairman, President and CEO of Crompton Corporation (merged with Great Lakes Chemical to become Chemtura Corporation in 2005), a global, specialty chemicals company listed on the New York Stock Exchange and Euronext Paris.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
