On Monday, Shares of AT&T, Inc. (NYSE:T), lost -0.59% to $33.49.
AT&T, has named Jeffrey Lewis as the Chief Accessibility Officer. Lewis will lead the company’s Corporate Accessibility Technology Office, which assists people with disabilities get the most out of technology so they can more easily stay connected.
Lewis replaces Chris Rice, who stepped down. Mark Balsano, deputy chief accessibility officer, will support Lewis. Together, they will work to expand the organization to better provide services to the millions of AT&T customers who have disabilities.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers
Shares of Tesla Motors, Inc. (NASDAQ:TSLA), inclined 1.22% to $239.49, during its last trading session.
Tesla Motors, declared its 2015 first quarter operating and financial results.
2015 First Quarter Highlights
- Tesla generated $5.4 million of gross margin on $26.2 million of revenues resulting in Adjusted EBITDA of less than $0.1 million and a net loss of $(14.7) million during the first quarter of 2015. Tesla Canada , Tesla USA , Tesla Offshore and, Tesla International all practiced declines in activity during the quarter.
- Tesla Canada peaked at 5 crews during the first quarter of 2015 and operated nearly 1.1 million channel days counting three-dimensional (“3D”) and three-component (“3C”) programs throughout British Columbia , Alberta and Saskatchewan . Canadian operations utilized 22,000 field station units (“FSUs”) of the Company’s multi-component wireless acquisition system (“Hawk”) on several noteworthy programs.
- Tesla Canada has committed contracts and outstanding proposals from new and existing clients for several projects planned for the forthcoming summer. These work commitments will utilize the Company’s Hawk system.
- Tesla USA supported a microseismic monitoring project during the first quarter of 2015 and was able to secure a noteworthy program for the coming summer.
- Tesla International secured a large three-dimensional (“3D”) program in the UK for the second half of 2015.
- Tesla International accomplished its mobilization on a noteworthy land, transition zone (“TZ”) and marine program and began acquisition activities at the end of March. This program is predictable to last into the third quarter of 2015.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally.
At the end of Monday’s trade, Shares of Axalta Coating Systems Ltd. (NYSE:AXTA), lost -1.65% to $32.26.
Axalta Coating Systems, has once again produced a special coating for the radio telescope in Effelsberg, Germany, one of the largest, fully-steerable radio telescopes in the world, and the most powerful for short-wave radiation. The Effelsberg telescope is used to observe pulsars, cold gas and dust clusters, star formations, jets of matter emitted by black holes, and the nuclei of far-off galaxies. It is also used as part of a worldwide network of radio telescopes for astronomic observations at the highest resolutions.
Axalta assists to protect the telescope from weathering and UV radiation with a matte-white polyvinylic coating called PercoTop® CS551 Foliflex Topcoat. This specially-formulated, tailor-made coating has been applied to the telescope about every 18 years since it began operating in 1972.
Painting the telescope takes a minimum of six specially trained painters several weeks. “With a surface of 5400m2 and with 1500 individual panels, the portion of the dish that needs to be coated is immense,” says Klaus Bruns from the Max Planck Institute for Radio Astronomy, who is responsible for the technical maintenance of the Effelsberg telescope.
“It is important that we can keep the delicate aluminium substrate of the reflectors at an even surface temperature to obtain accurate measurements with the telescope. Having a coating that protects the aluminium from deformation, weathering, bird droppings and UV radiation is therefore absolutely essential.”
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings.
Finally, Rentech, Inc. (NASDAQ:RTK), ended its last trade with 7.48% gain, and closed at $1.15.
Rentech, declared financial and operating results for the three months ended March 31, 2015.
Summary of Results
The merged results of Rentech, Inc. comprise its wood fibre processing business and Rentech Nitrogen Partners, L.P. (RNF) (Rentech Nitrogen). The wood fibre processing business comprises of Fulghum Fibres (Fulghum); New England Wood Pellet (NEWP), which comprises the recently purchased mill from Allegheny Pellet Corporation (Allegheny); and Industrial Wood Pellets, which comprises its Canadian pellet plants, business development for industrial pellets, and senior administration of the fibre business and corporate allocations. Rentech owns the general partner and about 60% of the limited partner interests of Rentech Nitrogen. Rentech Nitrogen’s operating segments are the East Dubuque, Illinois facility and the Pasadena, Texas facility.
Rentech Nitrogen’s results for the first quarter of 2015 benefitted from improved prices for ammonium sulfate and lower natural gas prices. Sales volumes for ammonia were significantly higher than in the first quarter last year. At Fulghum, lower South American product sales and reduced volumes at its U.S. and South American chipping facilities negatively affected results in the first quarter contrast to the same quarter last year. Its two Canadian wood pellet facilities are in commissioning. Since the starting of February, it has been satisfying all of its required deliveries to Ontario Power Generation (OPG) with pellets produced by our Atikokan facility. NEWP had a seasonally strong quarter due to good demand for wood pellets in the U.S. Northeast. During the first quarter, the company paid $5 million in earn-out consideration to the previous owners of NEWP based on NEWP’s 2014 performance. The company attained the assets of Allegheny in January. In April, it borrowed an additional $7.5 million under the Tranche B term loan from GSO Capital to fund the Canadian operations.
Rentech, Inc., through its auxiliaries, provides wood fiber processing services, wood chips, and wood pellets. The company operates through five segments: East Dubuque; Pasadena; Fulghum Fibres; Wood Pellets: Industrial; and Wood Pellets: NEWP. It manufactures and sells natural-gas based nitrogen fertilizer products in North and South America.
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