On Tuesday, KBR, Inc. (NYSE:KBR)’s shares declined -2.54%, and closed at $14.61, as an engineering, construction, and services corporation, will host a conference call to talk about its first quarter 2015 financial results on Wednesday, April 29, 2015 at 8 a.m. Central Time (9 a.m. Eastern Time).
The corporation plans to issue its first quarter 2015 earnings release and earnings presentation in advance of the call. Both the earnings release and presentation will be accessible on KBR`s website. The call will be webcast and can be accessed through the KBR website at www.kbr.com under the Investor Relations section.
KBR, Inc. operates as an engineering, construction, and services corporation worldwide. The corporation operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services. The Technology & Consulting segment offers various services and solutions, counting licensing, engineering and design, proprietary equipment, plant automation, catalysts, and related consulting services to hydrocarbons, chemicals, and fertilizer markets.
Ventas, Inc. (NYSE:VTR)’s shares dropped -2.51%, and settled at $74.97, during the last trading session on Tuesday, after Ventas, decided to undertake two major steps. Firstly, the corporation has declared a $1.75 billion cash deal to attain Ardent Medical Services, Inc., a prime health care provider in the country. Secondly, Ventas has resolved to spin off the majority of its post-acute/skilled nursing facility portfolio into an independent, publicly traded REIT.
“What we’re doing is really creating two REITs that are positioned to deliver outsized growth and results for shareholders,” said Debra Cafaro, Ventas chairman and chief executive. “The market is really finally appreciating the value of this asset class.”
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada.
At the end of Tuesday’s trade, Trina Solar Limited (NYSE:TSL)’s shares dipped -2.50%, and closed at $12.09, as on April 1, Trina Solar declared that it has reached a set of binding contracts, counting a Share Purchase Contract and a Bridge Loan Facility Contract, with Bluefield Solar Revenue Fund Limited for the Corporation’s 49.99 MW solar power plant in Norfolk, UK, for a maximum consideration of about GBP59.1 million (equivalent to about $87.7 million) with a retention of GBP3 million (equivalent to about $4.4 million) contingent on certain conditions under the SPA. The Bridge Loan Facility Contract is to finance the project until the sale is closed. The sales proceed will not be recognized until the conditions set forth in the SPA are met and the share transfer is accomplished.
The 49.99 MW solar power plant using Trina Solar’s 196,627 modules commenced construction in the third quarter of 2014 and was connected to the grid in the first quarter of 2015. It is entitled to receive 1.4 Renewables Obligation Certificates (ROCs) per megawatt-hour (MWh). As built, the project can supply clean energy to up to 14,000 UK homes per year.
Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The corporation designs, develops, manufactures, and sells photovoltaic (PV) modules comprising mono-crystalline PV modules ranging in various power outputs; and multi-crystalline PV modules ranging from 230 W to 310 W in power output for use in residential, commercial, industrial, and other solar power generation systems.
Kinross Gold Corporation (NYSE:KGC), ended its Tuesday’s trading session with -2.46% loss, and closed at $2.38, as some mining and related stocks took a hit as gold reverses Monday’s gain due to a weak dollar.
The precious metal spiked on Monday after the Labor Department released jobs data for March on Friday, which showed employers did not add as many jobs last month as was predictable.
“Demand for gold should certainly pick up over the week, since Greece is due to make a substantial repayment to the International Monetary Fund on Thursday. If it fails to do so, investors are likely to focus more strongly on the prospect of Gretix again,” Eugen Weinberg, the head of commodity research at Commerzbank, told MarketWatch.
Kinross Gold Corporation, together with its auxiliaries, engages in the attainment, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The corporation’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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