On Tuesday, XL Group plc (NYSE:XL)’s shares inclined 0.07% to $36.67.
XL Group plc (XL) declared that Claus-Michael “Michael” Dill has joined the Company’s Board of Directors.
Mr. Dill, a former board member of Catlin Group Limited, has close to three decades of experience in the insurance industry, counting holding senior positions at (re)insurance companies in Germany and Switzerland. Among his past roles are Chief Financial Officer of Vereinte Insurance AG in Munich, Chief Executive Officer of Switzerland General Insurance AG – both part of the Swiss Re Group, and Chief Executive Officer of AXA Konzern AG in Cologne and Executive Committee Member of AXA Group, Paris.
XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance.
Teradata Corporation (NYSE:TDC)’s shares gained 0.04% to $27.71.
Teradata Corporation (TDC), the leading analytic data solutions company, recently declared that its Board of Directors has authorized an additional $500 million for share repurchases, expiring August 20, 2018, under its general open market share repurchase program. The company now has total Board of Directors authorization of about $860 million when the new $500 million authorization is combined with the $360 million still remaining from the current outstanding authorization.
The stock is anticipated to be repurchased periodically on an ongoing basis in open market transactions at administration’s discretion, in accordance with applicable securities rules regarding issuer repurchases. Such repurchases by the company will be based on various factors counting price and market conditions, and will be funded through free cash flow, existing credit facilities and possible new debt arrangements that are being considered by the company. Additionally, repurchases may be made under Rule 10b5-1 of the Securities Exchange Act of 1934. A Rule 10b5-1 plan allows Teradata to repurchase its shares during periods when the company otherwise would be precluded from doing so.
Teradata Corporation provides analytic data platforms, marketing and analytic applications, and related services in the United States and internationally. Its analytic data platforms comprise software, hardware, and related business consulting and support services for data warehousing and big data analytics. The company’s products comprise Teradata Database Software that delivers near real-time intelligence; Teradata Workload-Specific Platforms; Teradata Aster Discovery Platform, which is pre-configured with Teradata Aster Database; Teradata Portfolio for Hadoop; and Teradata QueryGrid that provides access to analytics to various processing engines.
At the end of Tuesday’s trade, Tegna Inc (NYSE:TGNA)‘s shares surged 0.16% to $22.45.
TEGNA Media was the recipient of eight 2015 Salute to Excellence Awards from the National Association of Black Journalists (NABJ). The awards, according to NABJ, recognize “journalism that best covered the black experience or addressed issues affecting the worldwide black community” during the past year. TEGNA Media stations received eight of the 16 Salute to Excellence Awards given to local television stations, more than any other station group.
In addition, TEGNA Media’s Adrienne Broaddus, from KARE in Minneapolis, MN, was honored with the 2015 NABJ Gannett Foundation Al Neuharth Award. Her story, “A Shared Heart”, highlighted the importance of organ donation and transplantation in the African-American community.
TEGNA Inc. engages in media and digital businesses in the United States. The company operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites. It also operates Cars.com that provides information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as labor market intelligence, talent administration software, and other recruitment solutions; and G/O Digital that acts as a one-stop shop for local businesses looking to connect with consumers through digital marketing. In addition, the company offers advertising and marketing solutions comprising digital and print options; and news, information, and marketing solutions in the military, defense, federal technology, and C4ISR markets.
Antero Resources Corp (NYSE:AR), ended its Tuesday’s trading session with -3.22% loss, and closed at $21.61.
Antero Resources Corporation (AR) declared that it has signed a contract with Veolia Water Technologies Inc. and Veolia North America (“Veolia”) to design and build a state-of-the-art advanced wastewater treatment complex in Doddridge County, West Virginia. This complex comprises an initially designed 60,000 barrel per day facility that will allow Antero to treat and reuse flowback and produced water rather than permanently dispose of the water in injection wells. Antero will own the treatment assets counting any ancillary facilities. The complex will be centrally located in Antero’s footprint in the southwestern core of the Marcellus Shale play with the ability to serve the Company’s development in both the Marcellus and Utica Shale plays.
Declarement Highlights:
- Veolia will design, build, operate and maintain a 60,000 barrel per day advanced wastewater treatment facility under a turnkey contract for Antero in Doddridge County, West Virginia.
- Antero will own the $275 million treatment complex, which is predictable to take two years to build, and generate on a standalone basis $55 million to $65 million of EBITDA at full utilization three years following the in service date.
- Complex will allow Antero to treat and reuse flowback and produced water rather than permanently dispose of the water in injection wells.
- Treatment facility will save Antero about $150,000 per well on future completion costs.
- Combined with Antero’s existing freshwater pipeline distribution system, the advanced wastewater treatment complex places Antero at the forefront of environmentally conscious water administration in U.S. shale plays.
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2014, the company had 543,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania.
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