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Friday 21 August 2015
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Stocks on the Move: American Airlines Group Inc (NASDAQ:AAL), Aramark (NYSE:ARMK), Ocean Rig UDW Inc (NASDAQ:ORIG)

On Wednesday, Shares of American Airlines Group Inc (NASDAQ:AAL), lost -0.23% to $43.53.

American Airlines and Cuba Travel Services, planned to operate the first charter flights between Los Angeles International Airport (LAX) and Jose Marti International Airport (HAV) in Havana later this year, providing travelers the only nonstop service connecting the West Coast to Cuba since travel restrictions were eased.

“American is the premier carrier in Los Angeles and throughout the Caribbean, and this new charter flight shows how we continue to expand our reach by offering new routes and services our customers want,” said Art Torno, American’s senior vice president – International and Cargo. “We stand ready to offer planned service as soon as the United States and Cuba allow commercial flights.”

American’s new charter service between Los Angeles and Havana will be sold by Cuba Travel Services and will operate on Saturdays starting Dec.12 with Boeing 737 aircraft. In addition, American will operate a Saturday flight between Miami International Airport and Havana, also sold by Cuba Travel Services.

American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.

Shares of Aramark (NYSE:ARMK), inclined 0.72% to $33.49, during its last trading session.

The Philadelphia Eagles and Aramark, the team’s longtime food and beverage provider, have declared a seven-year extension of its partnership at Lincoln Financial Field. Aramark, which has been a partner with the Eagles since 2005, will continue to oversee and manage the concessions, club levels, suites and restaurant dining areas at Lincoln Financial Field.

“Headquartered here in Philadelphia, Aramark has long been a partner of ours and we are happy to continue our relationship with them,” said Eagles President Don Smolenski. “Aramark has embraced every initiative at Lincoln Financial Field and has worked alongside us on providing new and unique food and beverage options for Eagles fans. In addition, they have been instrumental in leading our commitment to sustainability by supporting every aspect of our Go Green program with recycling and composting.”

Over the course of the partnership, the Eagles and Aramark have collaborated on a joint effort to display new and unique food and beverage options to fans every season, with a specific focus on Philadelphia’s distinctive tastes and flavors. In 2013, the two sides collaborated with renowned chefs and restaurateurs, counting Marc Vetri and Peter McAndrews. Since then, fans have had the opportunity to choose from a variety of new meal options that feature each culinary partner’s signature dishes and one-of-a-kind techniques.

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.

Finally, Ocean Rig UDW Inc (NASDAQ:ORIG), ended its last trade with -4.20% loss, and closed at $3.19.

Ocean Rig UDW Inc., declared the closing of the formerly revealed agreement with Dryships Inc. to settle the remaining outstanding balance of $80 million borrowed by Dryships under the Amended and Restated Exchangeable Promissory Note dated June 4, 2015 between the Company and Dryships. Definitive documentation counting release letters has been executed, and Dryships has transferred 17,777,778 shares of Ocean Rig formerly owned by Dryships to Ocean Rig as full payment of the outstanding balance under the Note. Following this transfer, Dryships’ direct ownership in Ocean Rig is 40.4%.

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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