On Monday, Approach Resources Inc. (NASDAQ:AREX)’s shares inclined 14.75% to $2.49.
Approach Resources Inc. (AREX) declared that it has accomplished the planned semiannual borrowing base redetermination of its revolving credit facility, and as a result, the bank group has set the lender commitment amount and borrowing base at $450 million. Under the terms of the credit agreement, the bank group redetermines the borrowing base semiannually using the banks’ estimates of reserves and future oil and gas prices. The next borrowing base redetermination is planned to occur by April 1, 2016. At September 24, 2015, Approach had $276 million outstanding under its revolving credit facility, resulting in liquidity of $177 million.
Approach Resources Inc., an independent energy company, focuses on the exploration, development, production, and acquisition of unconventional oil and gas reserves in the United States.
Outfront Media Inc (NYSE:OUT)’s shares gained 4.52% to $23.10.
OUTFRONT Media Inc. (OUT), one of the largest out-of-home media companies in the US, has introduced the future of consumer engagement within out-of-home advertising: sleek, elegant, app-powered digital smart displays throughout the New York City Metropolitan Transportation Authority’s all new 34th Street - Hudson Yards station.
The 34th St-Hudson Yards station features 24 separate, 65-inch smart displays, all running on OUTFRONT’s software environment and app ecosystem. This app-based approach delivers engaging digital content, administration and synchronization functions, giving advertisers unprecedented control over their creative messages. These crisp, high-definition displays enable screen to screen interaction, whereby messages, images and video jump seamlessly between displays, delivering immersive content in an environment 10 stories below ground without connectivity.
Initial OUTFRONT advertising partners in the 34th St-Hudson Yards station comprise Foursquare, Lionsgate, Turner, JetBlue, CBS and Coach. OUTFRONT worked closely with these brands to unlock the potential of this new media and reimagine what can be done creatively in the out-of-home space. The digital displays’ capabilities will expand in the coming months and into 2016 as additional connectivity is added to the station. Connected displays will enable livestream feeds, and full remote advertiser content control, in addition to real-time viewer data and analytics. This dynamic out-of-home technology will also expand outside of transit in the coming months to roadside displays, street furniture, and other markets adjacent to the out-of-home space.
OUTFRONT Media Inc. provides advertising space on out-of-home advertising structures and sites in the United States, Canada, and Latin America.
At the end of Monday’s trade, Servicemaster Global Holdings Inc (NYSE:SERV)‘s shares dipped -0.69% to $34.33.
Even without making landfall, Hurricane Joaquin is predictable to bring widespread rainfall, strong wind and potentially historic flooding in the Carolinas and Mid-Atlantic region over the next few days. Yet, despite pleas and warnings from state and local officials, the media and others, experts from ServiceMaster Restore, one of the largest disaster restoration companies in the United States and business unit of ServiceMaster Global Holdings, Inc. (SERV), say that most business and homeowners fail to take necessary steps to prepare for such storms, leaving them vulnerable to more costly repairs even months or years later.
The company recently released its 2015 ServiceMaster Restore Franchise Hurricane Preparedness Survey, which revealed important insights from its franchise owners who offer hurricane restoration services:
- 90 percent agree that storm preparation is often overlooked by home and business owners
- 73 percent agree that most property damage can be prevented if the right measures are taken.
- 90 percent agree that property owners can spend up to twice as much on repairs if they do not take simple steps in advance, such as unplugging electronics, elevating furniture, safely storing valuables, documenting important items and having a post-hurricane cleanup plan.
When it comes to cleaning up afterwards, property owners fare even worse, according to survey respondents.
ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. It operates in three segments: Terminix, American Home Shield, and the Franchise Services Group.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR), ended its Monday’s trading session with -0.30% loss, and closed at $49.45.
Spirit AeroSystems Inc. [SPR] declared it has accomplished the first fuselage to Bell Helicopter for the Joint Multi-Role Technology Demonstrator (JMR-TD) program. The unit was designed and assembled in Spirit’s rapid prototyping facility in Wichita, Kan., in just 22 months. The composite fuselage is being prepped to ship to Bell’s Amarillo, Texas, facility for final assembly.
The U.S. Army-led JMR-TD program is the science and technology precursor to the Department of Defense’s Future Vertical Lift program, with the aim to replace 2,000 to 4,000 medium-class utility and attack helicopters. The V-280 Valor is Bell Helicopter’s offering for the JMR-TD program. A next generation tiltrotor, the Bell V-280 Valor advanced technology tiltrotor provides unmatched speed, range and payload for expeditionary maneuver to win in a complex world.
Spirit AeroSystems Holdings, Inc., through its auxiliaries, operates as a non-original equipment manufacturer (OEM) that designs, engineers, and manufactures large commercial aircraft structures worldwide.
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.