During Wednesday’s Current trade, Shares of Gevo, Inc. (NASDAQ:GEVO), lost -7.38% to $2.26.
Gevo, Inc. (GEVO), received a key endorsement for the use of its renewable isobutanol by the marine industry, following support and recommendation for the use of isobutanol by the National Marine Manufacturers Association (NMMA) as an effective, less damaging, more suitable biofuel alternative than ethanol for powering various types of marine and recreational boat engines.
The NMMA is the leading association representing the recreational boating industry in North America. Its member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters and anglers throughout the U.S. and Canada. Over the last five years, the NMMA has worked together with Gevo, the US Department of Energy (DOE), Argonne National Laboratory, the US Coast Guard and others on the testing of isobutanol in a variety of marine engines. During this time, the NMMA has gathered a great amount of data supporting the viability of isobutanol as the preferred renewable fuel blendstock for gasoline-powered marine engines.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.
Shares of Fidelity National Financial Inc (NYSE:FNF), inclined 0.03% to $36.30, during its current trading session.
Black Knight Financial Services (BKFS), a Fidelity National Financial (FNF) company, Black Knight Financial Services, Inc. (BKFS) declared recently that KeyBank, one of the nation’s largest bank-based financial services companies, has selected Black Knight’s Empower loan origination system (LOS) to support KeyBank Mortgage’s expanding operations.
Empower offers a robust, task-based engine to automate the various processes involved in originating a loan, which will assist KeyBank Mortgage enhance the productivity of its retail operations and decrease risk by minimizing the number of manual processes, assisting to reduce the overall cost per loan. Empower is accessible as both an ASP- and lender-hosted, Web-based loan origination solution that supports retail, wholesale and consumer direct channels and assists lenders electronically capture, process and close loans.
Fidelity National Financial, Inc., together with its auxiliaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. It operates through Title, BKFS, and Restaurant Group segments. The Title segment offers title insurance, escrow, and other title related services, counting collection and trust activities, trustee’s sales guarantees, recordings and reconveyances, and home warranty insurance.
Paragon Offshore PLC (NYSE:PGN), during its Wednesday’s current trading session decreased -14.81% to $0.690.
Paragon Offshore plc (PGN) stated second quarter 2015 net income of $47.3 million, or $0.51 per diluted share as contrast to second quarter 2014 net income of $95.0 million, or $1.12 per diluted share. Results for the quarter comprise a $4.1 million, or $0.04 per diluted share, loss on the sale of an asset and a $1.7 million, or $0.02 per diluted share, non-cash impairment charge related to assets which the company formerly declared it had decided to retire from service. Not taking into account the above charges, Paragon’s adjusted net income (see Reconciliation of GAAP to Non-GAAP Financial Measures Table for a reconciliation to net income) was $53.1 million, or $0.57 per diluted share.
Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.
Finally, Century Aluminum Co (NASDAQ:CENX), decreased -7.30%, to $4.30.
Century Aluminum Company ( CENX) stated a net loss of $33.9 million ($0.39 per common share) for the second quarter of 2015. Results comprise a $30.9 million impairment charge ($0.35 per common share) related to the permanent closure of our Ravenswood smelter and a $25.7 million charge ($0.30 per common share) for lower of cost or market inventory adjustments. Results were also negatively influenced by $11.7 million ($0.13 per common share) in costs related to the labor disruption at our Hawesville smelter. Lastly, results comprise a $10.3 million ($0.12 per common share) unrealized gain on the fair value of contingent consideration related to the acquisition of the remaining 50.3% interest of Mt. Holly. After consideration of these items, the company stated adjusted net income of $24.1 million and adjusted earnings per share of $0.25.
For the second quarter of 2014, Century stated net income of $20.3 million ($0.21 per common share). Results were negatively influenced by a charge of $0.5 million ($0.01 per common share) for the finalization of a legal settlement.
Sales for the second quarter of 2015 were $523.5 million contrast with $458.3 million for the second quarter of 2014. Shipments of primary aluminum for the second quarter of 2015 were 233,950 tonnes contrast with 216,044 tonnes shipped in the second quarter of 2014.
Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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