On Thursday, C&J Energy Services, Ltd. (NYSE:CJES)’s shares declined -5.27% to $9.70.
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.
Paychex, Inc. (NASDAQ:PAYX)’s shares dropped -0.13% to $46.23.
With the U.S. Department of Labor’s projected expansion of overtime protections predictable to impact millions of American workers and their employers, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, is outlining key aspects of the newly projected overtime regulations.
Here are the highlights of the DOL’s projected overtime regulations:
- What does the projected rule address? The DOL’s projected rule updates the overtime regulations under the Fair Labor Standards Act, and is specifically intended to address the executive, administrative, and professional (white collar) and highly compensated exemptions from minimum wage and overtime pay protections. With this projected rule, the DOL is seeking to revise the minimum salary level required for these exemptions. In order to prevent the levels from becoming outdated, the DOL is proposing for the first time ever to comprise a mechanism to automatically update the salary and compensation thresholds on an annual basis using either a fixed percentile of earnings for full-time salaried workers or the Consumer Price Index.
- Who may be eligible for overtime protections under the projected rule? The DOL last updated these regulations in 2004 with a minimum salary threshold of $455 per week ($23,660 per year) for the white collar exemptions. Under the projected rule, the DOL is suggesting the minimum salary level for these exemptions be set at the 40th percentile of earnings for full-time salaried workers, estimating a 2016 level to be about $970 a week, or $50,440 a year. A new minimum annual compensation needed to qualify for the highly compensated exemption is projected to be set at the 90th
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
At the end of Thursday’s trade, Nucor Corporation (NYSE:NUE)‘s shares dipped -1.30% to $44.85.
Nucor Corporation (NUE) declared the regular quarterly cash dividend of $0.3725 per share on Nucor’s common stock. This cash dividend is payable on August 11, 2015 to stockholders of record on June 30, 2015, and is Nucor’s 169th successive quarterly cash dividend.
Nucor and associates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced comprise: carbon and alloy steel — in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products.
Coach Inc (NYSE:COH), ended its Thursday’s trading session with -0.45% loss, and closed at $31.31.
On Tuesday, August 4, 2015 at 8:30 a.m. (EDT), Coach, Inc. (COH) will hold a conference call to talk about the company’s fourth quarter and year end results, which will be stated via press release earlier that morning, in addition to plans for the new fiscal year.
Coach, Inc. provides luxury accessories and lifestyle collections for women and men in the United States and internationally. It offers handbags, money pieces, wristlets, rings, charms, and cosmetic cases for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, and belts, as well as time management and electronic accessories for men.
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