On Wednesday, Penn National Gaming, Inc (NASDAQ:PENN)’s shares inclined 4.95% to $17.61.
Penn National Gaming, Inc (PENN) declared the appointment of Bob Sheldon as President of Las Vegas Operations effective July 6, 2015, subject to regulatory approvals. In this newly created position, Mr. Sheldon will oversee the operations of Tropicana Las Vegas following the completion of the Company’s acquisition of the iconic Strip property, which is predictable to occur later this year, in addition to the operations of the M Resort in Henderson. Mr. Sheldon will report directly to Jay Snowden, Penn National’s Chief Operating Officer.
Bob Sheldon presently serves as the General Manager of Hollywood Casino at Kansas Speedway, which is jointly owned with International Speedway Corporation, and was responsible for the property’s successful opening in February 2012. A search for his replacement is underway.
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations. As of December 31, 2014, it operated 26 facilities in 17 jurisdictions, counting Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario.
3M Co (NYSE:MMM)’s shares gained 1.31% to $159.04.
3M Co (MMM) declared the release of a new version of the 3M ICD-10 Code Translation Tool, which is now equipped with Current Procedural Terminology (“CPT”) and other HCPCS codes. The new tool will assist hospital organizations and physician practices in converting existing systems, reports and records into the language of ICD-10.
The 3M ICD-10 Code Translation Tool is a cloud-based application that builds up on the conglomerate’s extensive coding experience to analyze clinical information, classify complex coding relationships, and create mappings and lists to cater to the particular requirements of healthcare organizations.
The software can be used to convert ICD-9 and CPT coding-based forms, reports, policies, reimbursement contracts and systems to ICD-10, and also measure the financial impact of ICD-10 on future reimbursement.
The software leverages sophisticated translation technology to automatically re-evaluate lists of ICD-9 or CPT and other HCPCS codes and then locates the related ICD-10 codes. It will enable ICD-10 transition teams to normalize reports, assist train staff, update processes, and cut down the time and resources taken up by code conversion.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
At the end of Wednesday’s trade, Cheniere Energy, Inc. (NYSEMKT:LNG)‘s shares surged 0.51% to $70.39.
Cheniere Energy, Inc. (LNG) project developments that, if accomplished, are projected to add up to about 19 million tonnes per annum (“mtpa”) of incremental LNG production capacity and would bring Cheniere’s aggregate nominal LNG production capacity to about 60 mtpa by 2025.
Cheniere is developing about 9 mtpa of incremental LNG production capacity through the addition of two liquefaction trains adjacent to the existing site of the Corpus Christi liquefaction project (the “CCL Project”). Predictable nominal LNG production capacity of each of these liquefaction trains is about 4.5 mtpa, which would enhance the predictable aggregate nominal LNG production capacity at the CCL Project to about 22.5 mtpa. Cheniere initiated the regulatory process in June 2015 by filing the National Environmental Policy Act pre-filing request with the FERC and the FTA and non-FTA approval requests with the DOE. Regulatory approvals would be predictable in 2017.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
KB Home (NYSE:KBH), ended its Wednesday’s trading session with 1.88% gain, and closed at $14.63.
KB Home (KBH) opened a new community called Ridgeline community in San Diego County. Ridgeline offers 52 homes, priced in the low $500,000s.
Ridgeline offers up to five bedrooms, three bathrooms, open layouts and spacious outdoor living. Homebuyers can personalize the homes as per their preference and choose from various floor plans and décor options.
Ridgeline homebuyers will enjoy easy access to facilities such as major employment zones, parks, children’s play area, and barbecue areas, outdoor recreation areas such as New Santee Town Center Community Park, the Santee Aquatics Center, Mission Trails Regional Park and stunning beaches in San Diego.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home. The company also provides property and casualty insurance, in addition to earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, counting residential consumer mortgage loan originations to its homebuyers.
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