On Friday, Deere & Company (NYSE:DE)’s shares inclined 0.65% to $95.15.
John Deere will continue as a title sponsor of professional golf through 2023 as a result of a seven-year extension declared recently by Deere & Company (DE), the PGA TOUR and the John Deere Classic. The agreement comprises sponsorship of the John Deere Classic and multiple designations for John Deere in the TOUR’s Official Marketing Partner program.
In addition, Field noted, hundreds of community organizations have benefited from millions of dollars in contributions made through the John Deere Classic and the tournament has had substantial economic impact on the Quad City community where it is held.
The agreement was declared during a news conference at Deere & Company World Headquarters two days before tournament play starts at the 2015 John Deere Classic.
PGA TOUR Deputy Commissioner Jay Monahan joined Field to declare the new deal that runs through 2023, taking effect when the current six-year agreement expires at the conclusion of 2016. Financial details were not revealed.
Deere & Company, together with its auxiliaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, counting large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; and tillage, seeding, and application equipment, counting sprayers, nutrient administration, and soil preparation machinery.
NQ Mobile Inc (ADR) (NYSE:NQ)’s shares dropped -2.10% to $3.96.
NQ Mobile Inc. (NQ) a leading global provider of mobile Internet services, announced the appointment of Mr. Roland Wu as its chief financial officer in addition to his role as director, effective as of June 1, 2015. With Mr. Wu’s appointment, Dr. Vincent Wenyong Shi will step down from his role as the acting chief financial officer and focus on his responsibilities as the Company’s chairman of the board of directors and chief operating officer.
NQ Mobile Inc. provides mobile Internet services in the People’s Republic of China and internationally. The company provides products and services in the areas of mobile security, privacy, productivity, personalized cloud, and family protection. It operates through two segments, Consumer and Enterprise.
At the end of Friday’s trade, Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)‘s shares surged 5.42% to $10.11.
BBVA Compass declared the winners of its Great Ideas for Small Business contest, assisting two entrepreneurs accelerate their paths to startup success.
Premysl Pech of Jacksonville, Fla., was named the grand prize winner, receiving $15,000 to assist grow Space Engineers Prints, a 3-D printing service. Corey Cooper of Mobile, Ala., was the runner up, taking home a $5,000 prize for his patented motorcycle safety-jacket concept. The competition, which was held in May on social media networks, underscores the bank’s dedication to assisting small businesses flourish.
Space Engineers Prints, a startup operated by Pech’s company BinaryNow Inc., gives players of the PC game Space Engineers an opportunity to order full color, 3-D plastic models of the ships and platforms they’ve designed in the game. Pech said he plans to use his prize for a software upgrade, 3-D design work, business marketing and also possibly to temporarily subsidize customers’ international shipping costs.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States. It offers deposit products, counting personal accounts, housing accounts, savings accounts, deposit accounts, etc.; and loan products, such as personal loans, mortgages, etc.; credit cards; investment products comprising mutual funds, warrants, and pension plans; and telephone and on-line banking services, in addition to ATMs for individual customers.
Energy XXI Ltd (NASDAQ:EXXI), ended its Friday’s trading session with -5.53% loss, and closed at $2.22.
Energy XXI (EXXI) declared it has closed on the sale of the East Bay Field for $21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed 5 years from the closing date, and Energy XXI will also retain 50 percent of the deep rights associated with the East Bay Field.
The East Bay Field produced about 2,050 barrels of oil per day (Bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay Field estimated at about 9.4 million barrels of oil equivalent, 94 percent liquids, as of June 30, 2015. The buyer will assume plugging and abandonment liability.
Additionally, the company closed on the divestiture of the Grand Isle Gathering System. Total cash proceeds received were $245 million. As formerly declared, the company will continue to operate the system on behalf of the buyer, CorEnergy Infrastructure Trust, Inc.
Energy XXI (Bermuda) Limited is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico. As of June 30, 2014, the company had proved reserves of 246.2 million barrels of oil equivalent. It operated or had an interest in 984 gross producing wells on 432,954 net developed acres, counting interests in 61 producing fields.
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