On Tuesday, Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s shares inclined 0.81% to $20.01.
Patterson-UTI Energy, Inc. (PTEN) declared that its May 2015 drill rig count averaged at 123–122 rigs in the U.S. and 1 in Canada. This marks a steep decline from 133 rigs operational in April.
Patterson-UTI further added that for the two months ending May 31, its rig count averaged 126 in the U.S. and 2 in Canada.
The weak crude pricing environment has forced most drillers to cut back on the number of rigs. Also, fewer new contracts and declining day rates have made maintaining profitability a challenge. Retiring rigs is therefore an effective way to curb operating expenses.
Moreover, Patterson-UTI has been undertaking other measures like lowering capital spending to tackle the pricing woes. The company has declared a 29% cut in its 2015 spending.
Patterson-UTI is a major onshore contract driller in the U.S. with over 239 land-based rigs that operate primarily in the oil and natural gas producing regions of North America.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
NXP Semiconductors NV (NASDAQ:NXPI)’s shares dropped -1.13% to $103.42.
NXP Semiconductors NV (NXPI) introduced the PN7120 to accelerate NFC adoption in the Internet-of-Things (IoT). The highly integrated PN7120 assists create innovative NFC solutions and enables fast exploration of new applications and use cases for IoT and the Smart Home counting a variety of appliances and consumer electronics such as home network gateways and routers, Set-Top-Boxes (STBs), audio devices, printers, gaming consoles and more.
Recently, many Smart Home devices are based on Linux or Android. The integrated solution comprises all RF communication protocols for NFC, NFC controller interface (NCI) and Linux and Android drivers to ease development. For example, integrating the PN7120 into a TV can enable convenient pairing to a router and introduce new use cases beyond traditional TV consumption such as personalized access, video on demand payment, maintenance and commissioning.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide. It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access administration; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers. The company also develops audio software solutions that enable mobile device manufacturers to produce hand held products.
At the end of Tuesday’s trade, FirstEnergy Corp. (NYSE:FE)‘s shares dipped -1.25% to $33.27.
FirstEnergy Corp. (FE) issued a letter to the investment community (Letter) regarding a filing with the Federal Energy Regulatory Commission, the Pennsylvania Public Utility Commission and the New Jersey Board of Public Utilities,
Requesting authorization to transfer transmission assets owned by its utility auxiliaries, Pennsylvania Electric Company (Penelec), Metropolitan Edison Company (Met-Ed), and Jersey Central Power and Light Company (JCP&L), collectively, the “FE East Operating Companies”, to a new transmission associate, Mid-Atlantic Interstate Transmission (MAIT), which document is attached as Exhibit 99.1 hereto and incorporated by reference herein. The information contained or incorporated by reference herein, counting Exhibit 99.1, shall not be deemed filed for purposes of the Securities Exchange Act of 1934, nor shall such information and Exhibit 99.1 be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
Accenture Plc (NYSE:ACN), ended its Tuesday’s trading session with -0.31% loss, and closed at $98.28.
Accenture Plc (ACN) has attained Brightstep, a Swedish digital consulting company specializing in digital content and commerce solutions, strengthening its digital marketing and commerce services offered through Accenture Interactive. As a result of the acquisition, Accenture clients will have access to a greater number of professionals trained in leading digital commerce solutions from Intershop, hybris software and Adobe. Terms of the transaction were not revealed.
Brightstep, now part of Accenture Interactive, is a digital consulting company with strong capabilities counting digital strategy, commerce, content and interactive marketing, employing more than 60 people. The company also provides services for digital platform selection, development, implementation and maintenance delivered to companies in the retail, fashion, telecommunications and resources industries. Brightstep is a global Intershop Platinum Partner, a hybris Gold Partner and boasts one of the largest workforces of hybris-trained professionals in the Nordics. The company also delivers consulting and implementation work to clients around Adobe Marketing Cloud solutions, counting Adobe Experience Manager, Adobe Analytics and Adobe Target.
Accenture plc provides administration consulting, technology, and business process outsourcing services worldwide. The company’s Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship administration services; and assists customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital. This segment also offers services in the areas of strategy, enterprise resource administration, customer relationship administration, integrated mobility, embedded software, product lifecycle administration, sales transformation, digital marketing, supply chain administration, and merger/acquisition integration.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
