On Friday, Shares of Wal-Mart Stores Inc. (NYSE:WMT), lost -2.76% to $66.54, hitting its lowest level.
In observance of the 10th anniversary of Hurricane Katrina, Walmart and the Walmart Foundation declare a $25 million commitment over five years to support organizations in disaster recovery and resiliency efforts worldwide. The commitment was declared by Doug McMillon, president and CEO of Wal-Mart Stores, Inc., on Instagram. As part of the commitment, the Walmart Foundation is making an initial investment of $500,000 in grants to select local nonprofits in the U.S. Gulf Coast region.
The declaration will be made as part of the “Before. During. After.” forum in New Orleans where Walmart will convene government, business and nonprofit leaders, counting New Orleans Mayor Mitch Landrieu, former Mississippi Gov. Haley Barbour and Harry Connick, Jr., to reflect on the lessons learned since Hurricane Katrina and inform the future of disaster response.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club.
Shares of Denbury Resources Inc. (NYSE:DNR), declined -2.14% to $3.54, during its last trading session, as U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of U.S. oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three decades, according to Reuters.
U.S. crude dipped below the $40 threshold following weekly data that showed U.S. energy firms added two oil-drilling rigs last week, the fifth enhance in a row. The rise in the number of rigs emerging after a second quarter lull in prices is adding to concerns U.S. shale production is proving slow to respond to falling prices, prolonging a global glut. Reuters Reports
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide.
Finally, Encana Corporation (NYSE:ECA), ended its last trade with -1.74% loss, and closed at $6.21, hitting its lowest level, as WTI for October delivery dropped 87 cents, or 2.1 percent, to settle at $40.45 a barrel on the New York Mercantile Exchange, the lowest close since March 2009. It touched $39.86 earlier. The volume of all futures traded was 13 percent above the 100-day average, according to Bloomberg.
Brent for October settlement fell $1.16 to $45.46 a barrel on the London-based ICE Futures Europe exchange, also the lowest close since March 2009. Bloomberg Reports
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
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