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Sunday 4 October 2015
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(FTI) (FNFG) (WDC) (ACI) Active News Update: FMC Technologies, (NYSE:FTI), First Niagara Financial (NASDAQ:FNFG), Western Digital (NASDAQ:WDC), Arch Coal (NYSE:ACI)

On Tuesday, FMC Technologies, Inc. (NYSE:FTI)’s shares inclined 0.25% to $31.55.

FMC Technologies, Inc. has received an award from Shell Offshore, Inc. (Shell) for its Appomattox deepwater development in the Gulf of Mexico.

FMC Technologies will provide Improved Vertical Deepwater Trees, subsea manifolds, topside controls, a control system, and a distribution system for the field, which lies in the Mississippi Canyon area of the eastern Gulf of Mexico in 7,200 feet of water, 140 nautical miles southeast of New Orleans.

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments.

First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares dropped -1.17% to $10.10.

The Pittsburgh Penguins(R) of the National Hockey League have finalized an extension and expansion of a five-year sponsorship agreement with First Niagara Financial Group, Inc. (FNFG). First Niagara expands its sponsorship as the “official retail bank of the Pittsburgh Penguins” and becomes the newest and 10th founding partner of the team, its top-tier sponsorship designation.

First Niagara will receive in-arena sponsorship exclusivity in the retail banking and credit card categories and is also the “official credit card of the Pittsburgh Penguins” and the named sponsor of CONSOL Energy Center’s First Niagara Club. The deal comprises both debit and credit card promotions, bank branding in the CONSOL Energy Center on dasher boards, LED rings and digital displays throughout the Center, radio advertising on the Pittsburgh Penguins Radio Network and other promotional benefits, counting First Niagara ATM’s at both downtown and Cranberry locations. In addition, First Niagara’s sponsorship comprises branding and promotion opportunities at the UPMC Lemieux Sports Complex, the Penguins’ primary training center located in Cranberry, PA.

First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.

At the end of Tuesday’s trade, Western Digital Corp (NASDAQ:WDC)‘s shares surged 1.64% to $69.37.

Assisting the world harness the power of data, HGST (@HGSTstorage), a Western Digital company (WDC), declared that HGST entered a planned relationship with Commvault (CVLT), a leader in enterprise data protection and information administration. Commvault Simpana software, with native configuration and administration support for the HGST Active Archive System, delivers a backup solution that solves data administration at scale and provides instant access to data archives all at a price point that rivals traditional tape.

Key Solution Benefits Comprise:

  • Lowest cost per terabyte for cloud-scale data backup.
  • An archive environment that seamlessly grows to multi-petabyte scale.
  • Instant access to data, overcoming the limitations of traditional tape backups.

Western Digital Corporation, together with its auxiliaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide.

Arch Coal Inc (NYSE:ACI), ended its Tuesday’s trading session with 12.93% gain, and closed at $3.32.

Arch Coal, Inc. (ACI) declared the extension of its (i) pending private offer to exchange (the “2020 Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”) and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Notes”) and (ii) pending concurrent private offer to exchange (the “Concurrent Exchange Offer” and, together with the 2020 Exchange Offer, the “Exchange Offers”) Trust Certificates, 8.00% Senior Secured Notes due 2022 (the “New 2022 Secured Notes”) and 12.00% Senior Secured Second Lien Notes due 2023 (the “New 2023 Secured Notes”) for its outstanding 7.000% Senior Notes due 2019 (“Old 7.000% 2019 Notes”), 9.875% Senior Notes due 2019 (“Old 9.875% 2019 Notes”) and 7.250% Senior Notes due 2021 (“Old 7.250% 2021 Notes” and, together with the Old 7.000% 2019 Notes and the Old 9.875% 2019 Notes, the “Old Notes”).

The 2020 Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. The Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. Additionally, the Early Tender Time for the Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on September 23, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on October 26, 2015. The Withdrawal Deadline for the Exchange Offers has passed, so 2020 Notes tendered in the 2020 Exchange Offer and Old Notes tendered in the Concurrent Exchange Offer may no longer be withdrawn.

Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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