On Friday, Shares of Southwestern Energy Co. (NYSE:SWN), surged 5.85% to $28.94.
On April 24, Southwestern Energy, declared that its Board of Directors declared a quarterly dividend of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock, payable on July 15, 2015, to holders of record on July 1, 2015. This equates to $0.78125 for each depositary share, which represents a 1/20th interest in a share of the Series B preferred stock. The dividend is for the dividend period starting on April 15, 2015 and ending on July 14, 2015.
Southwestern Energy Company is an independent energy company whose wholly-owned auxiliaries are engaged in natural gas and oil exploration, development and production, natural gas gathering and marketing.
Shares of FXCM Inc. (NYSE:FXCM), climbed 18.13% to $2.15, during its last trading session.
FXCM, declared for the quarter ended March 31, 2015, U.S. GAAP trading revenues from ongoing operations of $69.2 million, contrast to $82.2 million for the quarter ended March 31, 2014, a decrease of 16%. U.S. GAAP net loss attributable to FXCM Inc. from ongoing operations was $393.3 million for the first quarter 2015 or $8.35 per fully diluted share, contrast to U.S. GAAP net loss attributable to FXCM Inc. from ongoing operations of $0.8 million or $0.02 per fully diluted share for the first quarter 2014.
Results from operations for the quarter ended March 31, 2015 comprised of a number of extraordinary items that resulted from the events of January 15, 2015 where FXCM’s customers suffered negative equity balances due to the unprecedented move in the Swiss Franc after the Swiss National Bank (SNB) suspended its peg of the Swiss Franc to the Euro and the subsequent financing package offered by Leucadia National Corp. (“Leucadia”) declared on January 16, 2015 in order for FXCM to maintain its regulatory capital requirements.
FXCM estimated the fair value of the Leucadia Letter Agreement using a combination of valuation approaches, counting using the common stock price of FXCM, a guideline public company method in addition to a discounted cash flow method, then using an option pricing model for the allocation of enterprise value among various components. Small changes in assumptions in the models used could materially change the estimated fair value.
In the quarter, FXCM classified several non-core assets as suspended as they are in the process of being sold. The first of these businesses, FXCM Japan, was sold on April 1, 2015 for $62.0 million.
FXCM Inc., through its auxiliaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. The company operates in two segments, Retail Trading and Institutional Trading.
At the end of Friday’s trade, Shares of The Boeing Company (NYSE:BA), gained 2.81% to $145.46.
The Boeing Company, and CFM International declared that they successfully initiated flight testing of the LEAP-1B engine on April 29 on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, Calif.
The testing is the next major milestone in a two-year program that will culminate in engine certification in 2016 and delivery of the first Boeing 737 MAX in 2017. The engine performed well and accomplished multiple aeromechanical test points at various altitudes during the five hour, 30 minute first flight.
The LEAP-1B engine is the exclusive powerplant for the Boeing 737 MAX family and is part of the most extensive ground and flight test certification program in CFM’s history. The first LEAP-1B engine began ground testing on June 13, 2014, three days ahead of the plan set when the program was launched in 2011.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
Finally, Weatherford International plc (NYSE:WFT), ended its last trade with 3.83% gain, and closed at $14.64.
Weatherford International, declared the commercial release of its SecureView® wireline cased-hole evaluation suite at the 2015 Offshore Technology Conference (“OTC”). As managing well integrity has become more critical across the industry, the ability to identify and mitigate risks is integral for all operators. The SecureView® suite provides single-trip, high-resolution diagnostics in cased-hole wells and offers operators faster and conclusive data to address potential well threats that may lead to production loss and liabilities.
SecureView® combines four of the latest generation and field-proven diagnostic technologies to inspect, identify and determine root causes of well integrity issues. The suite, which comprises UltraView™, an ultrasonic measurement tool; FluxView®, a magnetic flux leakage tool; CalView®, a high resolution multisensory-caliper tool; and BondView™, a cement-bond tool, provides comprehensive and complementary data without information gaps.
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
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