On Monday, in the course of current trade, Shares of BB&T Corporation (NYSE:BBT), dropped -0.15%, and is now trading at $40.19.
BB&T Corporation declared it has accomplished its acquisition of Susquehanna Bancshares, Inc. (SUSQ) effective Aug. 1, 2015. Susquehanna is now operating as a division of Branch Banking and Trust Company. The core banking systems conversion is predictable during the fourth quarter of 2015.
“We are happy to complete this planned transaction and excited to welcome our new shareholders, clients, and associates as we continue moving forward with the smooth integration of these two companies,” said Chairman and Chief Executive Officer Kelly S. King. “As we move toward systems conversion, our clients can continue to expect the same award-winning client service from the same friendly faces at Susquehanna Bank.”
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
During mid-morning trade, Shares of EP Energy Corp (NYSE:EPE), dipped -1.44%, and is now trading at $8.24.
EP Energy Corporation, stated second quarter 2015 financial and operational results for the company.
Key second quarter 2015 highlights comprise:
- 4 thousand barrels of oil production per day (MBbls/d) — a 19 percent enhance from 2Q’14
- $404 million Adjusted EBITDAX — a 9 percent enhance from 2Q’14
- $0.17 adjusted earnings per share (Adjusted EPS)
- $1.36 Discretionary Cash Flow Per Share
- Improved well performance in all programs
- Continued reduction in well costs and operating costs
- Strong liquidity of $1.6 billion at 6/30/15
- Substantial multi-year hedges protect cash flows from low commodity prices
- Declared agreement for Eagle Ford bolt-on acquisition in July
EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States. The company primarily holds interests in various properties covering about 440,000 net acres that are located in various areas comprising Eagle Ford Shale, South Texas; Wolfcamp Shale, the Permian Basin, West Texas; the Altamont field in the Uinta Basin, northeastern Utah; and Haynesville Shale, North Louisiana.
Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), during its Monday’s current trading session fell -1.21%, and is now trading at $75.75.
Akamai Technologies, declared the election of Jonathan (Jon) F. Miller to the Akamai Board of Directors effective July 21, 2015. Mr. Miller is presently a Partner at Advancit Capital, focusing on early stage companies at the intersection of media, entertainment and technology, and is former Chairman and Chief Executive Officer, Digital Media Group for News Corporation.
“We are honored to welcome Jon to our Board of Directors and look forward to benefiting from his noteworthy digital media and investment experience,” said Dr. Tom Leighton, CEO of Akamai. “Jon has had a direct impact on the information and digital media revolution through his leadership and work with many of today’s most influential companies. We believe his insight into major shifts and trends within the digital media industry will be invaluable to Akamai going forward.”
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
Finally, Wendy’s Co (NASDAQ:WEN), gained 0.24% Monday.
The Wendy’s Company, will release its second-quarter 2015 results before the market opens on Wednesday, August 5. A conference call will follow at 9 a.m. ET.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants.
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