On Tuesday, Shares of Hess Corp. (NYSE:HES), gained 0.13% to $60.21. The stock attained the volume of 3.32 million shares.
Materion Corporation (MTRN), following a successful planned alliance with Hess Corporation (HES), has introduced new ToughMet 3 Sucker Rod Couplings that maximize oilfield production output and significantly reduce the costs of well operations when used in place of sucker rod couplings made of conventional steel materials.
In oilfields, sucker rod couplings join individual 25-foot sucker rods into long strings that connect the pump jack on the ground and the pump in the well. Strings can reach 10,000 feet in length, so as many as 400 of these couplings can be required in one well. In areas where wells are curved, couplings rub against the inside of the tubing, causing damage and well failure. Costs to repair wells can run into the tens of thousands of dollars per well per year.
Materion’s patent-pending ToughMet 3 couplings were tested by Hess in oilfields in North Dakota, where they significantly reduced the frequency of damage to sucker rod couplings and production tubing.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
At the end of Tuesday’s trade, Shares of Discover Financial Services (NYSE:DFS), declined -0.74% to $55.13.
For the sixth year in a row, Discover has been selected by the The News Journal as a top 10 workplace in Delaware. Discover’s customer care center joins the list of other companies highly valued by their employees. Discover ranked sixth out of 14 in the large company category.
The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, counting Alignment, Execution, and Connection, just to name a few.
“Our employees are what make Discover a truly great place to work,” said Jim Roszkowski, President of Discover Bank. “We strive to be a company that provides ample opportunities to assist our employees advance and achieve their career objectives. Everyone wants to be part of a company that values their employees. I am proud to say that Discover is providing this culture for our employees and will continue to look for ways to assist them develop as professionals.”
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services.
Finally, Shares of Dollar General Corp. (NYSE:DG), ended its last trade with -0.77% loss, and closed at $67.99.
Dollar General Corporation (DG) declared that, as part of a broader initiative aimed at proactively improving efficiencies and reducing expenses, the Company is restructuring its corporate support functions to eliminate about 255 positions. Substantially all of the eliminations are effective right away.
The Company presently projects that it will incur a pre-tax cash expense of about $7 million in the third quarter of 2015 regarding this restructuring for one-time severance-related benefits.
The restructuring comprises about 115 vacant positions. All influenced employees have been notified. Positions at the store level will not be influenced by this restructuring. Looking ahead to fiscal 2016, Dollar General anticipates to continue its expense control and reduction initiative by implementing a more rigorous budgeting process that will target cost savings in specific budget categories.
Dollar General plans to report its third quarter 2015 financial results proceeding to the market open on December 3, 2015.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products.
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