On Friday, Shares of NRG Energy Inc (NYSE:NRG), lost - 3.55% to $19.58.
MGM Resorts International has been recognized by the U.S. Chamber of Commerce Foundation for its innovative sustainability initiatives and commitment to alternative energy sources.
The company has been named a finalist for Best Environmental Stewardship Program in the 2015 Corporate Citizenship Awards.
“MGM Resorts International’s sustainability initiatives create a lasting positive impact for the environment while strengthening the company,” said Marc DeCourcey, Vice President of the U.S. Chamber of Commerce Foundation Corporate Citizenship Center. “The scale of what MGM accomplished is truly impressive.”
In 2014, MGM Resorts reached a major milestone in its commitment to environmental best practices. The company collaborated with NRG Renew LLC, a wholly owned partner of NRG Energy, Inc. (NRG), the country’s largest independent power producers, to install a 6.4 MWdc (MW) solar photovoltaic (PV) array on the rooftop of the Mandalay Bay Convention Center, spanning 20 acres. This was the first project of its kind in Las Vegas, paving the way for large solar installations across the hospitality industry.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services.
Shares of Kraft Heinz Co (NASDAQ:KHC), declined -2.67% to $72.27, during its last trading session.
The Kraft Heinz Company stated second quarter results for Kraft Foods Group, Inc. and H.J. Heinz Holding Corporation for the periods ended June 27, 2015, and June 28, 2015, respectively. Kraft Heinz filed a Form 8-K with the U.S. Securities and Exchange Commission containing a detailed discussion of Kraft’s second quarter results in addition to a Form 10-Q containing a detailed discussion of Heinz’s second quarter results. Subsequent to the end of the second quarter, the company successfully accomplished the merger of Kraft and Heinz.
The company remains confident in its ability to deliver against its initial financial expectations for the merger of Kraft and Heinz, counting its expectation to generate aggressive, run-rate cost savings of $1.5 billion by the end of 2017, inclusive of savings from productivity and cost savings initiatives contemplated preceding to the merger. As a matter of practice, however, Kraft Heinz does not expect to issue or update earnings guidance going forward.
Kraft Q2 2015 Results
- Kraft Q2 net revenues reduced 4.9% and Kraft Organic Net Revenues1 reduced 3.3%
- Kraft Q2 diluted EPS of $0.92 comprised of higher spending on cost savings initiatives and costs related to the merger with Heinz that were partly offset by gains on an asset sale and unrealized gains from hedging activities
The Kraft Heinz Company, through its auxiliaries, operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, counting cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food and grocery products.
At the end of Friday’s trade, Shares of Mosaic Co (NYSE:MOS), lost -3.71% to $39.94.
The Mosaic Company declared that its Board of Directors declared a quarterly dividend of $0.275 per share on the Company’s common stock. The dividend will be paid on September 17, 2015, to stockholders of record as of the close of business on September 3, 2015.
The declaration and payment of any future dividends is subject to approval by Mosaic’s Board of Directors. There can be no assurance that the Company’s Board of Directors will declare future dividends.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.
Finally, General Growth Properties Inc (NYSE:GGP), ended its last trade with -1.38% loss, and closed at $27.21.
General Growth Properties, stated results for the three and six months ended June 30, 2015.
For the Six Months Ended June 30, 2015
- Same Store NOI raised 3.5% to $1.08 billion from $1.04 billion in the preceding year period.
- Company EBITDA raised 4.6% to $1.00 billion from $960 million in the preceding year period.
- Company FFO per share raised 5.3% to $0.65 per diluted share from $0.62 per diluted share in the preceding year period. Company FFO raised 6.4% to $628 million from $590 million in the preceding year period.
- Net income attributable to common stockholders, which is influenced primarily by depreciation expense, gain from changes in control of investment properties and unmerged real estate associates - gain on investment was $1.05 billion, or $1.10 per diluted share, as contrast to net income of $294 million, or $0.31 per diluted share, in the preceding year period.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
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