On Thursday, Shares of Axalta Coating Systems Ltd (NYSE:AXTA), lost -2.12% to $28.17.
Axalta Coating Systems, opened a first-of-its kind dual Refinish and Powder Coatings Learning and Development Center in Houston, Texas. The Center, built adjacent to Axalta’s powder coatings manufacturing plant, serves Axalta’s collision repair and commercial coatings customers by providing the latest learning and development programs designed to improve technician and business performance.
The Learning and Development Center is predictable to attract thousands of collision repair professionals to the Houston area for multi-day classes that provide students with classroom education and hands-on experience. The center features three classrooms equipped with technology for distance learning, innovative seating pods to support collaboration, two paint mixing stations, two spray booths, and space for the build-out of the powder coatings training program in 2016. Classes will be available in both English and Spanish.
“We are proud to offer a centrally-located, multi-lingual training facility to serve customers in the South,” remarked Jeff Blake, Axalta Business Director. “The investment in this high-tech facility reinforces our commitment to assist our customers continue education through in-person technical training and eLearning programs that are hosted here in Houston and can be broadcast to customers throughout North America,” Blake added.
Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. Through its Transportation Coatings segment, the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles.
Shares of Noble Energy, Inc. (NYSE:NBL), inclined 1.27% to $35.10, during its last trading session.
Noble Energy, declared that the Big Bend oil development in the deepwater Gulf of Mexico commenced production on October 26, 2015. The single-well field is ramping as predictable and is anticipated to reach a maximum gross production rate of about 20 thousand barrels of oil equivalent per day (MBoe/d) over the next couple of weeks. About 90 percent of the volumes being produced are oil. In addition, the Company has continued to accelerate the Dantzler development and now anticipates first production from the Dantzler field by early November. Big Bend and Dantzler, located in Mississippi Canyon 698 and 782, respectively, are subsea tiebacks to the third-party Thunder Hawk production facility. Combined, the fields are estimated to contribute a maximum net production rate of 20 MBoe/d to Noble Energy.
Gary W. Willingham, Noble Energy’s Executive Vice President of Operations, said, “We continue to build on our strong track record of major project execution with Big Bend coming online less than three years from discovery and within our sanctioned budget. Big Bend is the first of three major projects planned to come online for us in the Gulf of Mexico over the next nine months, contributing noteworthyoil production and cash flow to the business. Short cycle times to first production, strong well deliverability, and low production costs from our Gulf of Mexico projects deliver attractive returns even in recently’s environment.”
Noble Energy operates Big Bend with a 54 percent working interest. Other interest owners are W & T Energy VI, LLC (a wholly owned partner of W & T Offshore Inc.) with 20 percent, Red Willow Offshore, LLC with 15.4 percent and Houston Energy Deepwater Ventures V, LLC with 10.6 percent.
Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States comprise DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US.
Finally, Shares of Infinera Corp. (NASDAQ:INFN), ended its last trade with -6.87% loss, and closed at $19.67.
Infinera Corporation, released financial results for the third quarter of 2015 ended September 26, 2015. Infinera’s financial results for the third quarter of 2015 comprise the operating results of Transmode from the date the acquisition closed on August 20, 2015.
GAAP financial results for the quarter were influenced by certain purchase accounting adjustments and one-time acquisition-related costs related to the Transmode acquisition. Additionally, GAAP results comprise non-cash stock-based compensation expenses and the amortization of debt discount on Infinera’s convertible senior notes. The foregoing items have been excluded from Infinera’s non-GAAP results.
GAAP revenue for the quarter was $232.5 million contrast to $207.3 million in the second quarter of 2015 and $173.6 million in the third quarter of 2014.
Infinera Corporation is engaged in optical transport networking systems. The Company provides optical transport networking equipment, software and services to Tier 1 and Tier 2 telecommunications service providers, Internet content providers (ICPs), cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world.