On Thursday, C&J Energy Services, Ltd. (NYSE:CJES)’s shares inclined 3.74% to $10.26.
C&J Energy Services Ltd. (CJES) declared that it will issue its second quarter 2015 financial and operating results on Wednesday, August 5, 2015, after the market closes. In conjunction with this release, C&J Energy Services has planned a conference call for 10:00 a.m. E.T. (9:00 a.m. C.T.) on Thursday, August 6, 2015, which will also be webcast live.
C&J Energy Services, Ltd. provides completion and production services for oil and gas industry primarily in North America. The company provides a range of well services involved in the completion, life-of-well maintenance, and plugging and abandonment of a well to oil and natural gas drilling and production companies.
UPERVALU INC. (NYSE:SVU)’s shares dropped -2.84% to $7.54.
Supervalu Inc.(SVU) paid Sam Duncan, its president and CEO, 40 percent more in fiscal 2015 than it did in the previous year, boosting his total compensation to $6.92 million, up from $4.95 million in 2014.
Duncan, 63, has been CEO and president of the grocery wholesaler and retailer since February 2013, when he took over for Wayne Sales, who had been CEO for just seven months. Sales remains a member of Supervalu’s board of directors. The CEO turnover at Supervalu drew a lot of attention to the company’s high compensation for executives and directors.
Duncan’s jump in pay this year was mainly a result of a large stock award he received for the company’s continued positive turnaround, which comprises improved same-store-sales, adjusted earnings and shareholder returns, among others metrics, according to the company’s proxy. Supervalu’s total market capitalization grew from $1.59 billion at the end of fiscal 2014 to $2.59 billion at the end of fiscal 2015.
Former Target Corp. executive Gerald Storch has been nominated by the Supervalu board to continue as non-executive chairman, a position he’s held since January 2014. Since this January, Storch also has been CEO of Hudson’s Bay Co., a retail business group based in Brampton, Ontario.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. As of February 28, 2015, this segment operated about 1,825 stores with a network spanning 41 states.
At the end of Thursday’s trade, PPG Industries, Inc. (NYSE:PPG)‘s shares dipped -2.28% to $105.63.
PPG Industries (PPG) held a meeting for securities analysts in Cabo San Lucas, Mexico. The meeting comprised of presentations by Michael McGarry, PPG president and chief operating officer; and Marcos Achar Levy, PPG vice president, architectural coatings, Latin America, and chief executive officer, PPG-Comex.
During the meeting, PPG reviewed details of PPG-Comex Mexican operations, offered information about the growth of the Mexican economy and PPG-Comex, and toured PPG-Comex concessionaire locations. The company indicated during the meeting it anticipates cost synergies associated with the Comex acquisition to be $45 million to $50 million by the end of 2016, up from the company’s previous guidance of $30 million to $40 million.
PPG also issued new acquisition-related revenue synergy targets for the PPG-Comex acquisition. The company anticipates to generate $40 million to $50 million in revenue within two years from sales of legacy PPG products through the PPG-Comex distribution network. PPG set a separate revenue target of $60 million to $70 million within five years for incremental coatings sales in Central America. PPG had formerly issued no incremental revenue guidance regarding Comex.
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.
Tripadvisor Inc (NASDAQ:TRIP), ended its Thursday’s trading session with 1.77% gain, and closed at $93.37.
TripAdvisor, Inc. (TRIP), the world’s largest travel site*, recently declared the official opening of its new global headquarters in Needham, Mass. The new 282,000 square-foot facility is state-of-the-art, incorporating LEED best practices, and features a travel theme. It also provides a wide range of employee-friendly amenities, such as a fitness center, a game room and lounge, and lunch served daily.
Office Amenities
Work Space: The office incorporates a travel-theme throughout with each of the six floors named after world continents and decorated with art in indigenous styles. The open-plan design provides an outside view to 90 percent of occupant workstations. Inspirational travel quotes from TripAdvisor reviews are on display throughout the office and ergonomic chairs and height-adjustable workstations are offered to all employees. The space features a four-story atrium in the heart of the building known as “The Forum”, designed for meeting, dining and collaboration. The space also comprises nearly 80 conference rooms with many of them HD video conference enabled, and countless enclaves for impromptu meetings.
Fitness Center: The 3,000 square-foot fitness center features cardio and strength training equipment, in addition to a private studio for yoga, spinning, and Pilates classes. Instructor-led fitness sessions are accessible on a weekly basis for free and personal training is accessible for a fee.
TripAdvisor, Inc. operates as an online travel company. The company operates through two segments, Hotel and Other. Its travel research platform aggregates reviews and opinions about accommodations, destinations, activities and attractions, and restaurants that enable consumers to plan and book hotels, vacation rentals, flights, activities and attractions, and restaurants.
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