On Wednesday, Shares of The Coca-Cola Co (NYSE:KO), gained 1.15% to $40.12, after the beverage company teamed up with Keurig Green Mountain (GMCR) to release a new machine called “Keurig Kold,” the Associated Press reports.
The new machine allows consumers to make carbonated beverage such as Coke, Sprite, Dr. Pepper and flavored seltzer waters.
Keurig Green Mountain will start selling the machine priced at $369.99.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), shares showed no change to $9.05, during its last trading session.
Marvell Technology Group declared that the Board of Directors has approved a quarterly dividend payment of $0.06 per share to all shareholders of record as of October 8, 2015. Marvell intends to pay the dividend on October 22, 2015.
Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics.
Shares of Crestwood Equity Partners LP (NYSE:CEQP), declined -2.97% to $2.29, during its last trading session.
Crestwood Equity Partners and Crestwood Midstream Partners LP (CMLP) declared the closing of the merger between Crestwood Equity and Crestwood Midstream following approval of the merger by Crestwood Midstream’s unitholders. Crestwood Equity’s common units will continue to trade on the New York Stock Exchange under the symbol CEQP, while Crestwood Midstream’s common units will cease to be traded on the New York Stock Exchange after the close of business on September 30, 2015.
“We appreciate the support of a substantial majority of the Crestwood Midstream unitholders who voted in favor of the merger. We believe the merged partnership will be better positioned to create long-term value for our unitholders with the simplified structure and lower costs that result from the combination,” commented Robert G. Phillips, Chairman, President and Chief Executive Officer. “Crestwood remains focused on delivering solid operational results during the remainder of 2015 and new project development opportunities around our existing platform despite the uncertainty created by the current commodity cycle and its impact on midstream MLP valuations in the capital markets. With the merger complete, Crestwood is well positioned in 2016 and beyond to expand our business through long-term infrastructure investments in the areas that we operate.”
Michael France, Managing Director of First Reserve, the substantial owner of Crestwood’s general partner added, “We are happy to see noteworthy limited partner support for the merger and believe this is the next step to realizing the full potential of Crestwood’s business. We know it is a difficult period for the energy industry, but we remain committed to assisting in the growth and development of Crestwood’s operating platform, which First Reserve believes is located in some of the most prolific shale plays in the US. While it might take some time to fully realize the benefits of these opportunities, given the current commodity cycle, the simplified partnership structure should make Crestwood more competitive for growth opportunities and therefore more attractive to long-term midstream investors.”
Crestwood Equity Partners LP develops, acquires, owns and operates primarily assets and operations within the energy midstream sector.
Finally, Mattel, Inc. (NASDAQ:MAT), ended its last trade with 0.14% gain, and closed at $21.06.
Mattel declared the appointment of four executives to key senior roles enhancing the company’s leadership expertise as it implements its plan to deliver improved performance:
- Richard Gros, Chief Human Resources Officer
- Juliana Chugg, Global Core Brands Officer
- Catherine Balsam-Schwaber, Chief Content Officer
- John Vandemore, Chief Financial Officer, Global Brands and Commercial
“Today’s declaration is an important step towards re-invigorating our culture and increasing accountability, as we accelerate our efforts to deliver improved creativity, innovation and financial performance,” said Christopher Sinclair, Mattel Chairman and Chief Executive Officer.
MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl.
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