On Tuesday, Entergy Corporation (NYSE:ETR)’s shares inclined 0.05% to $62.42.
Entergy Corporation (ETR) declared that Robert Hall III has been named vice president, federal governmental affairs. Based in Entergy’s Washington, D.C., office, Hall’s responsibilities comprise developing and implementing the company’s stakeholder engagement strategies with elected officials and key policymakers.
Hall comes to Entergy from General Electric, where he served as the lead U.S. government affairs advocate for the company’s multiple energy technologies through his role as executive counsel. During his nearly 30 year career in Washington, Hall also worked at Dutko Worldwide as a senior vice president, as managing director of global government affairs at INVISTA and at Koch Industries as director, government affairs. He began his career as legislative counsel in the office of Sen. Sam Nunn.
Hall received his bachelor’s degree in political science from the University of Georgia and his Juris Doctor from the University of Georgia School of Law. He is a member of the State Bar of Georgia. Hall will report to Kimberly Despeaux, senior vice president, federal policy, regulatory and governmental affairs.
Entergy Corporation, together with its auxiliaries, engages in the electric power production and retail electric distribution operations in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, counting the City of New Orleans; and distributes natural gas.
Synchrony Financial (NYSE:SYF)’s shares dropped -0.06% to $32.26.
Synchrony Financial (SYF) President and Chief Executive Officer Margaret M. Keane and Executive Vice President and Chief Financial Officer Brian D. Doubles will take part in the Barclays Global Financial Services Conference in New York on Wednesday, September 16, 2015 at 9:00 AM (Eastern Time).
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
At the end of Tuesday’s trade, Quantum Corp (NYSE:QTM)‘s shares surged 0.93% to $1.09.
Quantum Corp. (QTM) stated results for the fiscal first quarter 2016 ended June 30, 2015.
Fiscal First Quarter 2016 Results
(All comparisons are relative to the fiscal first quarter 2015.)
- Revenue was $110.9 million, a decrease of about $17 million, primarily driven by overall weakness in the general storage market.
- Scale-out storage and related service revenue grew about $10 million to $27.8 million, a 54 percent enhance, marking the fourth successive quarter of 50-plus percent growth and 16thsuccessive quarter of year-over-year growth.
- Royalty revenue raised $1 million to $10.2 million.
- Disk backup systems and related service revenue was relatively flat at $17.3 million.
- Branded tape automation and related service revenue reduced about $15 million to $35.1 million, while OEM tape automation and related service revenue was down about $6 million to $9.5 million.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
ACE Limited (NYSE:ACE), ended its Tuesday’s trading session with -0.01% loss, and closed at $101.96.
ACE Aviation Holdings Inc. (ACE) declared its results for the second quarter of 2015.
2015 Second Quarter Results
In the second quarter of 2015, ACE recorded a decrease in net assets in liquidation of about $115 million as a result of the distribution to the shareholders of ACE in the aggregate amount of $115 million which was paid on June 2, 2015 . Income for the quarter was about $24,000 , as a result of interest income earned during the quarter offset by administrative and other expenses.
As at August 28, 2015 , ACE’s only remaining assets comprise of cash in an aggregate amount of about $19 million.
Liquidation Process and Interim Distribution to Shareholders
Given the results of the claims process and the expiry of a noteworthy portion of the contingent obligations covered by proofs of claims filed in such process, the Liquidator declared on April 28, 2015 that it intended to seek Court approval for a distribution to shareholders of ACE in the aggregate amount of $115 million , or about $3.54 per common share of ACE. The Court approved such distribution at a hearing held on May 8, 2015 . The record date to determine shareholders entitled to receive the distribution was May 26, 2015 and the payment of the distribution was accomplished on June 2, 2015 .
Future distributions of ACE’s remaining net cash to its shareholders are subject to the expiration or settlement of any contingencies and there is no certainty as to the timing or amount of such distributions. The final distribution to shareholders and the cancellation of the shares of ACE will not occur until all remaining contingent liabilities are settled or otherwise offered for.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages. Its Insurance North American Agriculture segment provides comprehensive multiple peril crop insurance and crop-hail insurance; and farm and ranch coverages, in addition to specialty P&C coverages for companies that manufacture, process, and distribute agriculture products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
