On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), gained 1.78% to $15.45.
Chesapeake Energy Corporation, declared that Frank Patterson will join the company as Executive Vice President – Exploration, Land and Subsurface Technology. Patterson replaces John Kapchinske, who recently stepped down from the company. He will report to Chesapeake’s Chief Executive Officer Doug Lawler.
Lawler commented, “Frank is a world-class explorer with more than 30 years of experience developing and executing exploration programs. His leadership will propel our exploration resources and capabilities to new levels of performance while assisting drive the greatest value from our outstanding portfolio.”
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.
Shares of Newmont Mining Corporation (NYSE:NEM), inclined 1.10% to $26.65, during its last trading session.
On April 29, Newmont Mining Corporation, has signed a non-binding letter of intent with OceanaGold Corporation (OGC) to sell Newmont Waihi Gold Limited. Terms of sale comprise cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi’s current operations.
Following the execution of a definitive acquisition agreement, fulfillment of all conditions precedent and receipt of necessary Board and regulatory approvals, OceanaGold will acquire all of Waihi’s open pit and underground mining assets and liabilities, counting all social, environmental and employee obligations.
Both parties have agreed to complete due diligence and target execution of a definitive acquisition agreement in mid-May.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
At the end of Tuesday’s trade, Shares of Alcatel-Lucent (NYSE:ALU), lost -1.06% to $3.75.
Alcatel-Lucent Submarine Networks, the submarine cables partner of Alcatel-Lucent (ALU), is to enable undersea cable system operators to meet raised demand for capacity, connectivity and flexible data exchange with the introduction of a major innovation that will transform existing submarine line terminal assets.
ASN’s 1620 SOFTNODE is an industry-first platform that will enable the transmission of 240 terabit-per second (Tbit/s) on multiple fiber pairs. This will allow operators to open up the path to new data services, while extending their reach and creating long-haul economies of scale.
The 1620 SOFTNODE has been selected by GoTo Networks for the Australia West Express system, the first direct undersea cable between Australia, the Middle East and Africa. The platform’s capabilities were also demonstrated during a recent field trial conducted over the Africa Coast to Europe (ACE) system, which has been in service since December 2012. The field trial demonstrated a breakthrough transmission of 12.6 Tbit/s of data per fiber pair.
The 1620 SOFTNODE platform leverages the field-proven 1620LM submarine line terminal equipment, and will provide webscale connectivity between data centres and Points-of-Presence (PoPs) in different continents. Thanks to new and improved features, such as one single line card for variable bit rates, it will offer complete scalability from the smallest upgrades to the largest new systems, faster transmission speeds and a wider range of channel spacings on longer routes, maximizing capacity and flexibility over undersea systems of any reach.
Additionally, the 1620 SOFTNODE will optimize the footprint in the landing station as the new terminal equipment dimensions are reduced by as much as ten times, also reducing power consumption by a factor of 2-3 contrast to previous generation SLTE technology.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
Finally, Fiat Chrysler Automobiles N.V. (NYSE:FCAU), ended its last trade with -1.20% loss, and closed at $14.80.
Fiat Chrysler is adding almost 69,000 Jeep Cherokees to a recall to fix software that can cause side air bags to inflate without a crash, according to AP.
The addition brings the total number of 2014 and 2015 Cherokees covered by the February recall to nearly 317,000. All but 52,000 are in the U.S., Canada or Mexico.
Dealers will upgrade software that controls side curtain and seat-mounted side air bags. Fiat Chrysler says there have been a small number of inadvertent air bag deployments, mostly in off-road conditions. They happened when the Jeeps’ angle of operation changed, causing the system to sense a possible rollover and inflate the air bags.
The company says dealers will recalibrate the threshold that sets off the air bags. It knows of no crashes or injuries, AP reports.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
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