Following U.S. Stocks may claim a “BIG Change,” in the course of current trading session: Wal-Mart Stores, Inc (NYSE:WMT), Blackstone Group LP (NYSE:BX), DryShips Inc (NASDAQ:DRYS)
- Wal-Mart Stores, Inc (NYSE:WMT), with shares incline 0.34% is now trading at $82.82. The Stock is active as 698,306.00 shares changed hands versus its average volume of 7.04M shares.
- Blackstone Group LP (NYSE:BX), with shares raised 0.52% is now trading at $38.62. The Stock is active as 444,974.00 shares changed hands versus its average volume of 3.67M shares.
- DryShips Inc (NASDAQ:DRYS) with shares enhanced 0.36% is now trading at $0.813. The Stock is active as 1.55M shares changed hands versus its average volume of 5.19M shares.
Latest NEWS regarding these Stocks are depicted underneath:
Wal-Mart Stores, Inc. (NYSE:WMT)
Wal-Mart Stores, Inc. (NYSE:WMT) - The SEC said Wal-Mart could omit a shareholder proposal that linked executive pay to a measure of “employee engagement” that had been submitted by Connecticut Treasurer Denise Nappier.
Wal-Mart Stores Inc. works retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, restaurants, apparel stores, drug stores, and convenience stores, as well as various retail Websites, such as walmart.com and samsclub.com.
Blackstone Group LP (NYSE:BX)
Today, GridLiance GP, LLC and Blackstone Energy Partners, an affiliate of The Blackstone Group L.P. (BX), declared the formation of GridLiance, the nation’s first competitive transmission corporation focused on collaborating with under-served U.S. municipal, cooperative and joint action agency utilities to jointly plan, develop, own and operate transmission infrastructure. These new projects will deliver important customer benefits, counting lower delivered energy costs and more reliable transmission service.
Founded by industry veteran Edward Rahill, GridLiance will enable its current and future Public Power partners to take part in the development of new transmission projects that earn a regulated return from the Federal Energy Regulatory Commission (“FERC”) or other regulatory bodies. Historically, transmission-dependent Public Power utilities have been unable to invest in – and financially benefit from – transmission projects because they lack the scale, planning infrastructure, regulatory influence and the engagement necessary to effectively take part in the Regional Transmission Organization (“RTO”) planning process.
Public Power’s inability to take part equally with incumbent investor-owned utilities (“IOUs”) in the award of new transmission construction projects has left them without the ability to earn margins from regionally-funded projects that would offset rising transmission rates. At the same time, Public Power utilities lack, in many cases, the interconnected transmission networks enjoyed by other incumbents because the regional transmission planning process does not always reflect Public Power’s needs. Current and future GridLiance partners will be better positioned to influence planning studies and reverse this trend by leveraging GridLiance’s experience and planning efforts. As future projects reflect Public Power’s transmission needs, the grid will better serve the entire region and create lasting benefits for Public Power and their customers.
The Blackstone Group L.P. is a publicly owned investment manager. The company also offers financial advisory services to its clients. It offers its services to public and corporate pension funds, academic, cultural, and charitable organizations.
DryShips Inc. (NASDAQ:DRYS)
DryShips Inc. (DRYS), declared that it has reached firm sales contracts with entities controlled by the Corporation’s Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers, Vilamoura, Lipari, Petalidi and Bordeira, for an en-bloc sales price of $245 million. In addition, it has reached contracts with entities controlled by Mr. Economou to potentially sell its six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona. The contracts to sell the Aframax fleet are not effective until the purchaser confirms his unconditional acceptance latest by June 30, 2015.
Under the terms of the firm sales contracts on the four Suezmax tankers, the purchasers will pay upfront 20% to DryShips and the balance purchase price will be due on delivery which will be between July 1, 2015 and October 31, 2015, at the Corporation’s option.
Under the terms of the contracts on the six Aframax tankers, the purchasers could potentially attain these tankers for an en-bloc sales price of $291 million, as long as they confirm their unconditional acceptance by June 30, 2015. Other than the sales price, all other material terms and conditions of this potential transaction mirror the terms and conditions on the sale of the four Suezmax tankers, counting a 20% upfront payment to DryShips.
DryShips Inc. offers ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company works through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.
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