On Wednesday, Cloud Peak Energy Inc. (NYSE:CLD)’s shares inclined 4.77% to $4.61.
Cloud Peak Energy Inc. (CLD) from larger companies in the coal-producing sector (KOL), counting Peabody Energy (BTU), Alpha Natural Resources (ANR), and Arch Coal (ACI). As of March 31, 2015, the company had debt of $498 million. Of this total, $298 million is maturing in 2019. The remaining debt will mature in 2024.
Being a pure-play Powder River Basin coal producer (KOL) gives the company a distinct advantage. The Powder River Basin is the lowest-cost coal producing region in the US. The Powder River Basin operations of major coal producers counting Alpha Natural Resources (ANR) and Peabody Energy (BTU) are actually generating cash.
Another reason for Cloud Peak Energy’s lower debt levels is that it didn’t aggressively acquire coal assets in 2011, when coal prices were high and the outlook for the industry appeared positive.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
PNC Financial Services Group Inc (NYSE:PNC)’s shares dropped -1.10% to $97.46.
PNC Financial Services Group Inc (PNC) Motorcar Parts of America, Inc. (MPAA) declared it has reached a $125 million credit facility with PNC Bank National Association (PNC) comprising of a $100 million revolver and $25 million term loan.
Loans outstanding under the new credit facility bear interest, at the company’s option, at the domestic rate or at the LIBOR rate plus, in each case, an applicable per annum margin. The current applicable LIBOR interest rate for both the revolver and the term loan is 2.94%, comprising of LIBOR of 0.19% plus a margin of 2.75%. The new credit facility replaces a previous credit facility, comprised of an outstanding $82.4 million term loan and an undrawn $40 million revolver. The applicable LIBOR interest rate for the previous term loan was 6.75%, comprising of a LIBOR floor of 1.50% plus a margin of 5.25%. Post-closing, the company had a $25 million term loan outstanding, in addition to $15 million of borrowings on the revolving credit facility.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Administration Group, Residential Mortgage Banking, BlackRock, and Non-Planned Assets Portfolio. The Retail Banking segment offers deposit, lending, brokerage, investment administration, and cash administration services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels.
At the end of Wednesday’s trade, Interpublic Group of Companies Inc (NYSE:IPG)‘s shares dipped -0.30% to $20.04.
Interpublic Group of Companies Inc (IPG)’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage to its clients. The company is expected to achieve targeted levels in the coming quarters based on diversification across emerging regions and collaboration/integration across agencies through technological improvement. Moreover, the company continues to look for strategic investments/acquisitions to expand in high-growth and key world markets. Jack Morton Worldwide acquired Genuine Interactive – a leading digital, mobile and social firm in Boston, which is expected to effortlessly connect clients with consumers. This acquisition is likely to boost Jack Morton Worldwide’s digital offerings.
Additionally, Weber Shandwick, the public relations unit of Interpublic Group, attained Swedish creative PR agency Prime and its business intelligence division United Minds. This acquisition will assist Interpublic Group to expand its footprint in the Nordics and allow it to exploit Prime’s award-winning creative talent, drive innovation and improve client service. With continuous expansion plans and planned tie-ups, Interpublic Group anticipates to strengthen its position with respect to new business activities in addition to opportunities from existing and new clients. The healthy financials and improving position of ad agencies bode well for the long-term growth of the company.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also offers various diversified services, counting public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and planned marketing consulting.
PG&E Corporation (NYSE:PCG), ended its Wednesday’s trading session with 1.38% gain, and closed at $50.80.
PG&E Corporation (PCG) wants parents to know that the company offers savings and safety tips year-round, but summer is a great time for families to learn ways to save energy and money. It’s also a good opportunity to teach children how to stay safe around electricity and natural gas.
Summertime Energy and Money Saving Tips
PG&E wants customers to know that summer can be better when we save together and offers customers even more ways to save. Energy usage is the second largest source of greenhouse gas emissions in California and by taking steps to save, parents and students can all be part of the solution to reduce the impacts of climate change.
- Avoid using the oven on hot days. Instead, cook on the stove, use a microwave oven, or grill outside.
- Save on cooling costs by setting your thermostat to 78°F when you’re at home, health permitting. Set it to 85°F when you’re away for more than a few hours.
- If possible, enjoy an afternoon out at the pool, park or local library. You can also visit your community cooling centers.
- Wait until cooler times of the day to do tasks that make your house warmer, like laundry and cooking.
- If you turn your ceiling fan on when using the air conditioner, you can raise your thermostat about 4°F to save on cooling costs with no reduction in comfort.
- Turn off lights when not in use.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.
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