During Thursday’s Morning trade, Shares of Free Seas Inc (NASDAQ:FREE), remained flat at $0.04.
FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels and an owner of a controlling stake in a company commercially operating tankers and dry-bulkers, declared that the Company-owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has contracted a voyage charter of about 35 days duration, yielding an estimated equivalent T/C rate of about $7,000 per day.
FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet comprises of five Handysize vessels and one Handymax vessel.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX), declined -0.07% to $30.32, during its current trading session.
FOX Business Network’s, primetime Republican presidential primary debate, presented together with the Wall Street Journal, delivered 13.5 million total viewers and 3.7 million in the key A25-54 demo according to Nielsen Media Research, making it the highest rated program in the network’s history. The debate was also the most watched live streaming primary event ever, peaking with more than 1.4 million concurrent streams according to Akamai, beating out NBC’s 2015 Super Bowl which saw 1.3 million concurrent live streams and CNN’s 921,000 concurrent streams for the September 16th GOP debate.
Moderated by FBN’s Maria Bartiromo and Neil Cavuto, together with The Wall Street Journal’s (WSJ) Gerard Baker, the debate was the first ever conducted in network’s history. FBN launched in 2007 and is available in 82 million homes nationwide – 11 million less than CNBC’s 93 million homes, yet generated just 4 percent shy of their prime time debate last month.
The 7PM/ET debate, moderated by FBN’s Sandra Smith, Trish Regan, and WSJ’s Gerald Seib, averaged 4.7 million total viewers and 866,000 viewers in the A25-54 demo, which topped rival CNBC’s early debate by 188 percent.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments.
Finally, Shares of Cummins Inc. (NYSE:CMI), lost -0.69%, and is now trading at $99.38.
At a meeting with analysts and shareholders, members of the senior leadership team of Cummins Inc. (CMI), a global power leader, shared their plans to generate profitable growth and strong returns on capital to drive shareholder value. In addition, the Board of Directors of Cummins approved a new $1 billion share repurchase program, effective recently, to commence upon the completion of the existing $1 billion share repurchase program, which was approved in July 2014. The approval of the new share repurchase program is consistent with the Company’s plans to return 50 percent of Operating Cash Flow to shareholders.
At the meeting, Cummins Chairman and Chief Executive Officer Tom Linebarger, President and Chief Operating Officer Rich Freeland and Chief Financial Officer Pat Ward talked about plans to reduce costs and drive operational improvements as challenging conditions in a number of important markets are predictable to reduce Cummins’ 2016 revenues by at least five percent from 2015. The Company also intends to make disciplined investments in organic growth opportunities, partnerships and acquisitions to continue its strong track record of delivering high returns.
“By making good planned choices, adjusting our cost structure quickly and operating our business well during periods of weak demand, we will position Cummins for stronger performance when markets improve, as we have demonstrated in preceding cycles,” said Tom Linebarger, Chairman and CEO. “We will add adjacent growth platforms through the successful launch of new products, by leveraging existing partnerships and pursuing acquisitions that offer high return on capital.”
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related components. It operates in four segments: Engine, Distribution, Components, and Power Generation.