During Friday’s current trade, Entergy Corporation (NYSE:ETR)’s shares incline 0.07% to $71.48.
Entergy Corporation (ETR) with 16 at the helm of Arkansas’ largest utility, Hugh McDonald, president and CEO of Entergy Arkansas, Inc., will retire in 2016, Entergy Corp. declared.
To ensure a seamless transition, Rick Riley, presently vice president of transmission for Entergy Services Inc., has been named group vice president of customer service and operations for EAI, and will transition to McDonald’s role as president and CEO of Entergy Arkansas when he retires in the first half of 2016. Jim Schott, vice president of supply optimization for Entergy Services Inc. succeeds Riley as vice president of transmission. Riley and Schott’s new appointments are effective June 14.
McDonald, who became president and CEO of EAI in 2000, led Entergy Arkansas’ decision in 2005 to exit the long-standing System Agreement. McDonald championed Entergy Arkansas’ move to join the Midcontinent Independent System Operator, gaining greater access to more economic generation resources and saving Arkansas customers $46 million in the first year of participation.
McDonald will continue with Entergy Arkansas into the first half of 2016, working closely with Riley to ensure a smooth transition. In his new responsibility as group vice president, Riley will oversee customer service, economic development and resource planning. Riley has been vice president of transmission since 2010 where he was responsible for development and governance of transmission regulatory, compliance, planning, and asset administration strategies for Entergy. He began his utility career in 1985 at Gulf States Utilities.
Entergy Corporation, together with its auxiliaries, engages in the electric power production and retail electric distribution operations in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, counting the City of New Orleans; and distributes natural gas
Cloud Peak Energy Inc. (NYSE:CLD)‘s shares drop -4.32% to $4.87, during the current trading session Friday’s, hitting its highest level.
Cloud Peak Energy Inc. (CLD) from larger companies in the coal-producing sector (KOL), counting Peabody Energy (BTU), Alpha Natural Resources (ANR), and Arch Coal (ACI). As of March 31, 2015, the company had debt of $498 million. Of this total, $298 million is maturing in 2019. The remaining debt will mature in 2024.
Being a pure-play Powder River Basin coal producer (KOL) gives the company a distinct advantage. The Powder River Basin is the lowest-cost coal producing region in the US. The Powder River Basin operations of major coal producers counting Alpha Natural Resources (ANR) and Peabody Energy (BTU) are actually generating cash.
Another reason for Cloud Peak Energy’s lower debt levels is that it didn’t aggressively acquire coal assets in 2011, when coal prices were high and the outlook for the industry appeared positive.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
In a mid-morning trade, VeriFone Systems Inc (NYSE:PAY)‘s shares surge 1.37% to $36.89.
VeriFone Systems Inc (PAY) Apple Pay™ will support rewards programs from merchants with the fall availability of iOS 9. Verifone (PAY), the global leader in secure electronic payment solutions, will be among the first to enable clients to accept rewards and loyalty information in addition to NFC payments at the terminal via Apple Pay.
To start, Verifone will enable six national and global retailers to be the first to accept NFC loyalty transactions on Verifone’s MX 915 and MX 925 terminals for their consumers to redeem rewards and accrue points.
For consumers, this partnership will add another level of ease and convenience to both pay with Apple Pay and present merchant loyalty information stored in the Wallet app in iOS 9, eliminating the need to scan a plastic loyalty card.
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
Voya Financial Inc (NYSE:VOYA), during its Friday’s current trading session -0.32% loss and closed at $47.06.
Voya Financial Inc (VOYA) declared that its Employee Benefits business has launched a newly-designed Group Term Life1 product, offering employers raised ease and flexibility when providing life insurance options to their employees.
Industry research shows that simply having the opportunity to purchase coverage through the workplace prompts the majority of employees to pursue life insurance coverage. This is particularly true among Generation X and Y, who make up about three-quarters of workplace life insurance customers.2
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and government markets; and rollover individual retirement accounts and other retail financial products, in addition to financial advisory services to individual customers.
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