During Friday’s Afternoon trade, Shares of Stillwater Mining Company (NYSE:SWC), lost -1.49% to $11.92.
Stillwater Mining Company (SWC) stated that union employees at the Company’s Stillwater Mine and Columbus processing facility, represented by the USW International Union Local 11-0001, have failed to ratify the tentative labor agreement reached on May 27, 2015. The Negotiating Committee for the Union and the representative for USW International had unanimously recommended that their members approve the tentative agreement.
Commenting on the outcome of the vote, Mick McMullen, the Company’s President and Chief Executive Officer stated, “We are disdesignated that the tentative agreement was not ratified. Based on this decision by the union members, Company administration is considering all alternatives to create a situation that will best promote the long-term economic viability of operations at the Stillwater Mine and Columbus processing facility. The current contract will expire at midnight on June 12, 2015. The Company will meet its obligations and work with the Negotiating Committee for the Union and the representative for USW International in an effort to find a solution that is reasonable for all stakeholders.”
Stillwater Mining Company engages in the development, extraction, processing, smelting, and refining of platinum group metals (PGMs). It operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments. The company primarily explores for palladium, platinum, and associated metals, in addition to for nickel, copper, gold, silver, and rhodium ores.
Shares of Franklin Resources, Inc. (NYSE:BEN), inclined 0.64% to $50.48, during its Afternoon trading session.
Franklin Resources, Inc. (BEN) declared a quarterly cash dividend in the amount of $0.15 per share payable on July 15, 2015 to stockholders of record holding shares of common stock at the close of business on June 30, 2015. The quarterly dividend of $0.15 per share is equivalent to the dividend paid for the prior quarter and represents a 25% enhance over the quarterly dividend paid for the same quarter last year.
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California.
NiSource Inc. (NYSE:NI), during its Friday’s Afternoon trading session decreased -0.45% to $46.33.
Columbia Pipeline Group, Inc. a partner of NiSource Inc. (NI), recently declared board of directors approval of a combined future investment of $2.7 billion in new infrastructure projects to support the continued development of gas supplies in the Marcellus and Utica shale regions. The Mountaineer XPress (MXP) and Gulf XPress (GXP) projects will provide 2.7 billion cubic feet per day (Bcf/D) of firm transportation from Marcellus and Utica production areas to markets served by the Columbia Gas Transmission (Columbia Transmission) and Columbia Gulf Transmission (Columbia Gulf) systems. These projects are supported by long-term, firm transportation contracts with a variety of Marcellus and Utica producers and shippers.
The two projects will substantially enhance CPG’s existing infrastructure to transport gas from the Ohio, Pennsylvania and West Virginia production areas.
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations. The Gas Distribution Operations segment offers natural gas service and transportation to residential, commercial, and industrial customers. As of December 31, 2014, it owned and operated a total of 58,414 miles of pipelines and related facilities. This segment serves about 3.4 million customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts.
Finally, Kimco Realty Corp (NYSE:KIM), gained 0.78%, to $23.30.
Kimco Realty Corp. (KIM) will declare its second quarter earnings on Tuesday, July 28, 2015 after market close. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Wednesday, July 29, 2015 at 10:00 AM EDT.
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers.
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