On Friday, Shares of United Continental Holdings, Inc. (NYSE:UAL), gained 1.97% to $61.49.
United Continental Holdings, and the International Association of Machinists and Aerospace Workers (IAM) recently agreed to commence contract negotiations more than one year ahead of the planned amendable date of their agreements. These negotiations, which cover nearly 30,000 United employees, are predictable to proceed on an early and expedited basis.
“Working together with the IAM, United is moving forward to deliver industry-leading contracts for our IAM-represented employees well ahead of the normal bargaining plan,” said Mike Bonds, United’s executive vice president of Human Resources and Labor Relations. “This is one of several positive steps we’ve taken recently to demonstrate our firm commitment to our people.”
As part of this agreement, United has extended through Jan. 15, 2019, its commitment not to contract out work presently performed by the IAM-represented group at all hub and station airport locations.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with about 118 seats, and its regional operations. The company operates an average of about 5,000 flights a day to 352 airports.
Shares of California Resources Corporation (NYSE:CRC), inclined 1.09% to $4.63, during its last trading session.
California Resources Corporation, declared an adjusted net loss1 of $86 million or ($0.22) per diluted share for the third quarter of 2015, contrast with adjusted net income of $188 million or $0.48 per diluted share for the third quarter of 2014. The adjusted net loss for the first nine months of 2015 was $234 million or ($0.61) per diluted share, contrast with an adjusted net income of $657 million or $1.69 per diluted share for the same period in 2014. Adjusted EBITDAX for the third quarter of 2015 was $212 million, contrast with $662 million for the third quarter of 2014. Adjusted EBITDA for the first nine months of 2015 was $680 million, contrast with $2.1 billion for the first nine months of 2014.
Highlights Comprise:
- Quarterly crude oil production of 103,000 barrels per day
- Quarterly total production of 158,000 BOE per day
- Third quarter 2015 Adjusted EBITDAX of $212 million
- Operating cash flow of $180 million in the third quarter of 2015
- Capital investment of $95 million in the third quarter of 2015
- Amended credit facility
- Dividend suspended
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres.
Finally, General Growth Properties, Inc (NYSE:GGP), ended its last trade with -4.65% loss, and closed at $27.50.
General Growth Properties, stated results for the three and nine months ended September 30, 2015.
Financial Results
For the Three Months Ended September 30, 2015
- Comparable net operating income (“Same Store NOI”) raised 5.1% to $560 million from $533 million in the prior year period.
- Company earnings before interest, taxes, depreciation and amortization (“Company EBITDA”) raised 5.6% to $526 million from $498 million in the prior year period.
- Company funds from operations (“Company FFO”) per share raised 9.6% to $0.36 per diluted share from $0.33 per diluted share in the prior year period. Company FFO raised 10.5% to $341 million from $308 million in the prior year period.
- Net income attributable to common stockholders, which is influenced primarily by depreciation expense, gain on changes in control of investment properties and other and unmerged real estate associates- gain on investment, was $120 million, or $0.13 per diluted share, as contrast to net income of $71 million, or $0.07 per diluted share, in the prior year period.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.