Search
Friday 3 July 2015
  • :
  • :
Latest Update

Pre-Market News Buzz on: FXCM (NYSE:FXCM), CBL & Associates Properties, (NYSE:CBL), Philip Morris International (NYSE:PM), CMS Energy (NYSE:CMS)

On Friday, FXCM Inc (NYSE:FXCM)’s shares declined -3.07% to $1.58.

FXCM Inc (FXCM) declared certain key operating metrics for May 2015 for its retail and institutional foreign exchange business.

May 2015 Customer Trading Metrics from Ongoing Operations (1)

  • Retail customer trading volume (2) of $331 billion in May 2015, 8% higher than April 2015 and 39% higher than May 2014.
  • Average retail customer trading volume (2) per day of $15.8 billion in May 2015, 14% higher than April 2015 and 46% higher than May 2014.
  • An average of 520,282 retail client trades per day in May 2015, 2% higher than April 2015 and 65% higher than May 2014.
  • Tradeable accounts (3) of 188,484 as of May 31, 2015, an enhance of 263 accounts from April 2015, and an enhance of 29,583 accounts, or 19% from May 2014.

May 2015 Institutional Trading Metrics

  • Institutional customer trading volume (1) of $206 billion in May 2015, 6% lower than April 2015 and 11% higher than May 2014.
  • Average institutional trading volume (1) per day of $9.8 billion in May 2015, 2% lower than April 2015 and 17% higher than May 2014.
  • An average of 38,394 institutional client trades per day in May 2015, 30% lower than April 2015 and 31% lower than May 2014.

FXCM Inc., through its auxiliaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. The company operates in two segments, Retail Trading and Institutional Trading. It acts as an agent between retail customers and a collection of global banks and financial institutions by making foreign currency markets for customers trading in foreign exchange spot markets.

CBL & Associates Properties, Inc. (NYSE:CBL)’s shares gained 0.71% to $16.25.

CBL & Associates Properties, Inc. (CBL) declared that it had closed on the acquisition of Mayfaire Town Center and Community Center, the premier open-air center located in the affluent coastal market of Wilmington, NC. The property was attained for a total cash purchase price of $192 million from a partnership between BrodyCo Inc. and Zimmer Development Company.

Mayfaire Town Center represents a tremendous opportunity for CBL. While we have not prioritized acquisitions recently from a capital allocation point of view, this asset is a perfect fit with our portfolio and the aims of our portfolio transformation strategy,” said Stephen D. Lebovitz, president and chief executive officer. “This market-dominant center serves as the preeminent retail destination in the three-county region with no comparable competition for more than 100 miles. Its sales place it in our Tier 1 asset pool, and the center has huge potential for future growth in both sales and income given the in-place single-digit occupancy cost, opportunities to upgrade the retailer and restaurant mix and the near-term expansion on accessible land. It will also enjoy a synergistic relationship with our other assets in the Carolinas, primarily Friendly Center in Greensboro, NC, one of our most successful properties generating strong growth in NOI, sales and compriseent demand from high quality retailers, counting the recently opened Lululemon store. We expect similar success from Mayfaire Town Center and are extremely excited about its addition to the CBL portfolio.

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.

At the end of Friday’s trade, Philip Morris International Inc. (NYSE:PM)‘s shares surged 0.06% to $81.35.

Philip Morris International Inc. (PM) declared a regular quarterly dividend of $1.00 per common share, payable on July 10, 2015, to shareholders of record as of June 25, 2015. The ex-dividend date is June 23, 2015. For more details on stock, dividends and other information, see www.pmi.com/investors.

Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.

CMS Energy Corporation (NYSE:CMS), ended its Friday’s trading session with 1.34% gain, and closed at $31.81.

Mary Palkovich, vice president of energy delivery for CMS Energy Corp. (CMS), has been recognized by the Midwest Energy Association with a Maverick Award for her empowerment and advancement of women into leadership positions.

The Maverick Award is presented annually to someone who actively take parts in the advancement of women in leadership, who advocates for the professional advancement of women, and who acknowledges the full talents and capabilities and organizational benefits of women in energy operations and engineering.

Palkovich was also praised by several other current and former work associates for her leadership abilities. “Game-changer, that’s how I describe Mary Palkovich. She has tremendous influence, which she uses intentionally, to add value and drive positive change for the company, and for those she works with,” said Stephanie Menning, executive director at the Minnesota Utility Contractors Association.

A member of the Consumers Energy leadership team since 2013, Palkovich is responsible for engineering and planning for the company’s electric and natural gas distribution systems. She leads a team that develops and executes plans to maintain, upgrade and expand these distribution systems.

Prior to joining Consumers Energy, Palkovich held various engineering leadership roles at CenterPoint Energy, Minnegasco and Panhandle Eastern utility companies. She holds a bachelor’s degree in computer science and math from the University of Missouri-Kansas City, and an associate’s degree in civil engineering technology from Michigan Technological University.

CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segment’s distribution system comprises 434 miles of high-voltage distribution radial lines; 4,261 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,022 miles of electric distribution overhead lines; 10,304 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes. The company’s Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas.

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.

 




Leave a Reply

Your email address will not be published. Required fields are marked *