During Tuesday’s Morning trade, Shares of U.S. Bancorp (NYSE:USB), lost -0.18% to $43.28.
Private and business aviation pilots can now pay for fueling and services directly from their phones with a new app from U.S. Bank Multi Service Aviation. MSA Pay, which went live this week, is the first mobile payment app in the general aviation space, designed specifically for the ordering, payment and back office needs of pilots.
MSA Pay saves precious time on the ground and in the back office. The app reduces paper and eliminates the otherwise cumbersome process of receipt and invoice tracking.
With MSA Pay, pilots can notify a Fixed Base Operator (FBO) of their arrival details, special needs and service requests prior to landing. The FBO performs the requested services, notifies the pilot when the plane is ready and sends the pilot an invoice to review and approve. Once approved, the app automatically emails a copy of the invoice to the pilot and to the pilot’s back office for final payment processing.
“Electronic invoicing via mobile device frees pilots to focus on clients rather than paper work,” said John Hardin, general manager of global transportation at U.S. Bank. “The ‘quick turns’ so vital to a pilot’s plan become even quicker with MSA Pay. It’s a giant step forward for business aviation efficiency.”
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Shares of Canadian Natural Resource Ltd (USA) (NYSE:CNQ), declined -1.29% to $24.52, during its current trading session.
Canadian Natural Resources Limited and Prairie Sky Royalty Ltd., declared that they have reached a contract (the “Combination Agreement”) to combine their royalty businesses, unifying two of the largest fee simple mineral title and royalty positions in Western Canada into a single Canadian enterprise (the “Transaction”). Through the Transaction, Prairie Sky will acquire a substantial portion of Canadian Natural’s royalty assets for an aggregate purchase price of $1.8 billion, comprising of $680 million in cash and the issuance of about 44.4 million Prairie Sky common shares at an ascribed price of $25.20 per common share.
Following the Combination Agreement, Canadian Natural and Prairie Sky have agreed that PrairieSky will acquire a substantial portion of Canadian Natural’s royalty assets representing about 6,700 boe/d or 81%, of Canadian Natural’s royalty volumes (the “Assets”), for an aggregate purchase price of $1.8 billion, comprising of $680 million in cash and the issuance of about 44.4 million Prairie Sky common shares (the “Share Consideration”). The Assets comprise of about 5.4 million acres of royalty lands throughout Western Canada, counting 2.2 million acres of fee simple mineral title land. The effective date of the Transaction is October 1, 2015 with closing predictable preceding to year-end 2015.
Under the terms of the Combination Agreement, Canadian Natural has agreed with Prairie Sky to distribute to its shareholders, by no later than December 31, 2016, by way of a dividend or return of capital (subject to regulatory approval and securities and tax regulations) sufficient Prairie Sky common shares so that Canadian Natural, after such distribution, owns less than 10% of the issued and outstanding shares of Prairie Sky.
Canadian Natural’s current intention is to distribute to its shareholders, by way of a dividend or return of capital (subject to regulatory approval and securities and tax regulations), the majority of the Share Consideration, at or near its next Annual and Special Meeting of Shareholders in May 2016. This will provide Canadian Natural shareholders with the opportunity to take part directly and indirectly in the combined royalty business of Prairie Sky. Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO).
Finally, Shares of Amedica Corporation (NASDAQ:AMDA), lost -0.83%, and is now trading at $0.239.
Amedica Corporation, declare it has reached a multi-year private label agreement with a regional medical device company that markets solutions for the treatment of spinal disorders.
Following the terms of the non-exclusive agreement, Amedica will provide sterile-packed silicon nitride spinal interbody fusion devices to be available in key domestic markets. The agreement underscores Amedica’s continued focus to provide superior and innovative solutions to the market.
“We are very happy to declare an additional private label partner,” said Dr. Sonny Bal, chairman and CEO of Amedica Corporation. “This newest alliance should positively impact our financial results and further validates our uniquely differentiated biomaterial technology, while complementing our current distribution structure. We remain committed to offering our partners a biomaterial with inherent distinct benefits to improve the efficacy of spinal fusion procedures, resulting in improved patient care.”
Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. It offers Valeo silicon nitride interbody spinal fusion devices for use in the cervical and thoracolumbar areas of the spine; and a line of non-silicon nitride spinal fusion products.