On Wednesday, Shares of General Motors Company (NYSE:GM), lost -0.69% to $34.77.
According to Reuters, General Motors and its Chinese joint ventures sold 258,484 vehicles in China in April, down 0.4 percent from a year earlier, the U.S. automaker said on Thursday.
GM for the first time stated retail sales to customers rather than wholesale vehicle sales to dealers. Retail figures are generally viewed as a more accurate gauge of consumer demand.
Under the previous methodology, the automaker had stated an 8 percent year-on-year rise in March and a 1.3 percent enhance in February.
According to Bloomberg, General Motors Co. stated a decline in deliveries in China after demand slumped for its Buick and Chevrolet brands, while Ford Motor Co. said its sales were little changed.
GM and its joint ventures sold 258,484 vehicles in April in China, a 0.4 percent drop from a year earlier, the company said in a release. Ford sold 96,889 units last month, 60 more than a year earlier, as a slump in commercial-vehicle demand offset a gain in passenger-car deliveries.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of The Wendy’s Company (NASDAQ:WEN), surged 7.24% to $11.19, during its last trading session.
The Wendy’s Company, declared its intention to refinance its existing senior secured credit facility.
As of March 29, 2015, the balance of the Company’s senior secured credit facility was about $1.3 billion. The Company intends to replace the senior secured credit facility with a new securitized financing facility, predictable to be comprised of $2.275 billion of senior term notes and $150 million of variable funding notes. The net proceeds of the new facility would be used for repayment of the existing senior secured indebtedness, transaction costs associated with the refinancing, and general corporate purposes, counting the return of cash to shareholders.
There can be no assurance regarding the timing of a refinancing transaction, the interest rate at which the Company’s existing indebtedness would be refinanced, or that a refinancing transaction will be accomplished.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendys restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of December 28, 2014, its restaurant system comprised of 6,515 restaurants, of which about 957 were company-operated restaurants in the United States and 27 foreign countries.
At the end of Wednesday’s trade, Shares of SandRidge Energy, Inc. (NYSE:SD), gained 0.57% to $1.77.
SandRidge Energy, declared financial and operational results for the quarter ended March 31, 2015. Additionally, presentation slides will be accessible on the Company’s website, www.sandridgeenergy.com, under Investor Relations/Events at 7 am EDT on May 7.
SandRidge produced 7.9 MMBoe in the first quarter of 2015, 50% crude oil/natural gas liquids. First quarter production averaged 87.7 MBoepd. This represents a 1% decrease in average daily production as compared to the full fourth quarter of 2014.
Cost improvement initiatives counting vendor cost reductions, durable process efficiencies, and raised use of multilateral well designs, resulted in an estimated $2.7 million per lateral cost in the first quarter of 2015. The Company is on track to achieve the $2.4 million per lateral target in the second half of 2015. These well costs preserve attractive economics surpassing those practiced with higher oil prices and costs during 2014.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Finally, Oracle Corporation (NYSE:ORCL), ended its last trade with -1.50% lost, and closed at $43.26.
Oracle Corporation - Utilities achieve operational excellence by adopting technologies that enable them to deliver reliable, secure, and scalable services that in turn assist drive a superior customer experience. Greenville Utilities Commission (GUC) and Orlando Utilities Commission (OUC) are among the organizations taking advantage of Oracle Utilities Express Implementations by Oracle Utilities Professional Services to obtain value faster from mission-critical solutions designed to enhance customer satisfaction and operational efficiency.
Greenville Utilities Commission targets improved customer care and billing
Greenville Utilities Commission (GUC) — providing electric, water, sewer, and natural gas services to nearly 152,000 clients in the North Carolina city of Greenville and also in Pitt County — selected Oracle Utilities Express Implementation to deploy Oracle Utilities Customer Care and Billing, Oracle Utilities Customer Self-Service, and Oracle Utilities Mobile Workforce Administration, and Oracle Utilities Work and Asset Administration. GUC chose these Oracle solutions to assist standardize its business processes and align services — such as meter to cash — with consumer expectations, counting visibility into the full customer lifecycle.
The Oracle Utilities Customer Care and Billing Express Implementation for Water Utilities solution used for this project contains preconfigured business processes that can accelerate implementation and provide standard practices that target improved operational efficiency and customer service.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
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