On Tuesday, Shares of Facebook Inc (NASDAQ:FB), lost -2.85% to $86.67.
Facebook has built a “thriving” business in China, even though the government there has banned its use, by assisting businesses in the country, Chief Operating Officer Sheryl Sandberg said.
Chinese companies “want to connect with consumers all over the world,” Sandberg said Tuesday at Advertising Week in New York, according to Mercury News.
China’s censorship laws prevent the country’s more than 600 million Internet users from accessing Facebook. Yet, in one example of how companies there are still using the world’s largest social network, Sandberg said a Chinese airline is advertising flights to consumers outside the country.
Sandberg also addressed how Facebook, which has 1.49 billion users globally, is aiming to lure advertising dollars away from TV networks in the U.S. This week, the company introduced a feature that lets advertisers buy online video ads similar to the way they purchase commercials on TV. Mercury News Reports
Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products comprise Facebook, Instagram, Messenger and WhatsApp.
Shares of Republic Airways Holdings Inc. (NASDAQ:RJET), inclined 12.85% to $5.97, during its last trading session.
Teamsters Local 357 and Republic Airways Holdings Inc. (NASDAQ/NM: RJET) declared recently that they have reached a consensual tentative agreement on the terms of a new three-year contract for the 2,100 Republic pilots represented by the International Brotherhood of Teamsters.
The parties are preparing the document for publication, at which point Local 357 will distribute copies of the tentative agreement to its members. The union plans to hold a series of road shows and other forums to afford its members the opportunity to review the tentative agreement and to ask questions. Ratification voting is planned to conclude in late October. Further details on this process will be offered to our Pilots by the union in the coming days.
The company will post a copy of the tentative agreement on www.myrjetcontract.com for the convenience of Local 357 members and has agreed to host an FAQ and other content on the site as requested by the union.
Both parties wish to express their thanks to the National Mediation Board, and specifically to board member Linda Puchala and to senior mediator Terri Brown, for their ongoing guidance and assistance during this process. The parties also express their appreciation to the staff and specifically, Director, Captain David Bourne of the Teamster’s Airline Division for their assistance.
Republic Airways Holdings Inc. is a holding company. The Company offers planned passenger services through its wholly owned operating air carrier auxiliaries: Chautauqua Airlines, Inc. (Chautauqua), Shuttle America Corporation (Shuttle) and Republic Airline Inc. (Republic Airline).
Shares of Weatherford International Plc (NYSE:WFT), inclined 2.14% to $8.35, during its last trading session.
Weatherford International declared the launch of concurrent underwritten public offerings of ordinary shares of the Company (the “Shares”) and mandatorily exchangeable subordinated notes (the “Notes”) of Weatherford International Ltd., a Bermuda exempted company and wholly owned partner of the Company (“Weatherford Bermuda”), for an predictable combined amount of $1.0 billion (the “Combined Offering”). The Company retains the flexibility to adjust the relative proportions of the Notes and Shares offered in the Combined Offering.
The Shares and the Notes will be offered following an effective registration statement (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”).
The Company intends to use the net proceeds from the Combined Offering to pre-fund potential acquisitions and for general corporate purposes. Pending such use, the Company anticipates that the borrowings under its revolving credit facility and commercial paper program will be temporarily reduced with the proceeds of the Combined Offering.
Weatherford International plc provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers managed-pressure drilling services, counting closed-loop, air, managed pressure, and underbalanced drilling; drilling services, such as directional drilling, logging while drilling, measurement while drilling, and rotary steerable systems; and tubular running services, which comprise of tubular connection and installation services for the drilling, completion, and work over of oil or natural gas wells.
Finally, AES Corp (NYSE:AES), ended its last trade with -3.57% loss, and closed at $9.46.
Tom O’Flynn, Executive Vice President and Chief Financial Officer of The AES Corporation (AES), will address the 2015 Wolfe Research Power & Gas Leaders Conference on Wednesday, September 30, 2015 at 3:30 PM Eastern Time.
There will be a formal presentation and a question and answer session that will be open to the media and the public in listen-only mode by webcast. Interested parties may access the webcast and presentation materials on the AES website at www.aes.com by selecting “Investors” then “Presentations & Webcasts.” From time to time, the Company posts new and/or revised materials on its website and on social media, and anticipates doing so in connection with this presentation.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Planned Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities.
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