On Monday, Shares of Penn Virginia Corporation (NYSE:PVA), gained 14.95% to $1.23.
Penn Virginia Corporation declared that it has closed the formerly declared sale of its East Texas assets. The net cash proceeds from the sale were about $74 million, counting customary closing adjustments.
Pro forma for the East Texas divestiture, at June 30, 2015, our total debt ratio and credit exposure ratio, defined as all outstanding borrowings under our revolving credit facility (Revolver) plus any outstanding letters of credit, were 3.6 times and 0.4 times trailing twelve months’ pro forma Adjusted EBITDAX, respectively, with $138 million outstanding under our revolving Revolver and financial liquidity of $259 million. This compares to total debt and credit exposure ratios of 3.7 times and 0.6 times, respectively, with $212 million outstanding under the Revolver and financial liquidity of $215 million as of June 30, 2015.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
Shares of Mastercard Inc (NYSE:MA), declined - 1.82% to $92.37, during its last trading session.
First Tech Federal Credit Union, declared a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.
Dubbed “Selfie Pay,” by industry observers, this initial test will be conducted in a closed environment where First Tech employees will use artificial funds and biometrics. The pilot will test the potential of delivering greater security and convenience to First Tech’s U.S. cardholders by verifying identity via facial photographs or fingerprint scans conducted on smartphones. This technology will enhance the ease and convenience that Americans have come to expect when using credit and debit cards for online purchases while leveraging advanced technologies to assist ensure payment security.
“At First Tech, we’re establishing a strong track record for bringing the most secure and forward-looking payments security to our members, first with our introduction this year of chip-and-PIN debit and credit cards. In that spirit, this biometrics pilot program represents an exciting next step in payment convenience and security,” said Greg Mitchell, CEO of First Tech Federal Credit Union. “Our members are some of the most technologically focused consumers on the planet, and being an innovator in the payments security space is evidence of our strong desire to meet our members’ unique needs.”
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
At the end of Monday’s trade, Shares of Public Service Enterprise Group Inc. (NYSE:PEG), lost -0.67% to $40.25.
Public Service Enterprise Group Inc., declared that it has attained the Columbia Solar Project from Hanergy America Solar Solutions. The facility, built on a remediated brownfield, is located 40 miles northeast of San Francisco in Pittsburg, CA.
The 25.4 MW-dc facilities, to be named PSEG Pittsburg Solar Energy Center, is planned to go into service in October 2015 after the testing and commissioning process is accomplished. It has a 20-year power purchase agreement (PPA) with Pacific Gas & Electric.
“We are particularly proud to be part of this project that has turned a brownfield site green,” said Diana Drysdale, president of PSEG Solar Source. “We continue to look for opportunities to build our business across the nation by working with best-in-class partners like Hanergy.”
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired and renewable generation facilities with a generation capacity of about 13,146 megawatts.
Finally, Brocade Communications Systems, Inc. (NASDAQ:BRCD), ended its last trade with -0.56% loss, and closed at $10.65.
Brocade Communications Systems, will be highlighting New IP network infrastructure solutions that assist enterprises transition to a software-defined data center (SDDC) in Booth #1521, in addition to speaking in a variety of sessions, at VMworld 2015. The show is being held recently through September 3 at the Moscone Convention Center.
Supporting the “Brocade is Your New IP Partner for the SDDC” theme, booth demonstrations will comprise the Brocade Platform Experience, where visitors can navigate through several VMware-centric networking solutions to map their evolution to a more agile Third Platform IT environment. Another area will provide “deep-dive” tours of Brocade solutions integrating comprise VMware NSX, VMware vCloud Air and VMware vRealize. The company will also deliver interactive experiences with hyperconverged infrastructure and flash-based storage arrays from several Brocade OEM and alliance partners.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
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