On Tuesday, Northern Tier Energy LP (NYSE:NTI)‘s shares declined -2.84% to $25.29.
Northern Tier Energy LP (NTI) declared that its St. Paul Park Refinery, operated by its partner, St. Paul Park Refining Co. LLC, was recognized for superior performance in workplace safety and health at the Governor’s Safety Awards luncheon at the Minneapolis Convention Center. Northern Tier is one of 267 employers to be honored through the awards program, coordinated by the Minnesota Safety Council.
The Governor’s Safety Awards luncheon is part of the 81st Minnesota Safety & Health Conference, coordinated by the Minnesota Safety Council. The conference is the oldest and largest gathering of workplace safety and health professionals in the region. The Minnesota Safety Council, founded in 1928, is a non-governmental, not-for-profit organization dedicated to improving the quality of life in Minnesota by preventing unintentional injuries (“accidents”).
Northern Tier Energy LP, an independent downstream energy company, engages in refining, retail, and pipeline operations in the United States. It operates through two segments, Refining and Retail. The Refining segment offers refined products, counting gasoline, diesel, jet fuel, and asphalt to resellers and consumers primarily in the Petroleum Administration for Defense District II region.
Ion Geophysical Corp (NYSE:IO)’s shares dropped -2.84% to $1.71.
Ion Geophysical Corp (IO) stated a first quarter 2015 net loss of $55.3 million, or $(0.34) per share, on revenues of $40.6 million, contrast to an adjusted net income of $6.4 million, or $0.04 per diluted share, on revenues of $144.7 million in first quarter 2014. During the first quarter 2015, the Company initiated a further restructuring program, recording charges of about $4 million. A reconciliation of restructuring and special items to the first quarter 2015 and 2014 can be found in the financial tables of this press release.
At March 31, 2015, the Company’s cash and cash equivalents were $144.4 million. The Company consumed cash before financing activities of $27.5 million during the first quarter 2015, contrast to a generation of cash before financing activities of $36.9 million in the preceding year period. First quarter 2015 Adjusted EBITDA was $(38.1) million, contrast to $42.9 million in the first three months of 2014.
ION Geophysical Corporation provides geoscience technology, services, and solutions for the oil and gas industry worldwide. It operates through four segments: Solutions, Systems, Software, and Ocean Bottom Services.
At the end of Tuesday’s trade, Impax Laboratories Inc (NASDAQ:IPXL)‘s shares dipped -2.71% to $44.85.
Impax Laboratories Inc (IPXL) declared that the U.S. Food and Drug Administration (FDA) performed a three week inspection of the Company’s Hayward, California manufacturing facility. This inspection comprised of a general GMP in addition to Pre-Approval Inspections (PAI) for multiple generic products presently pending approval at the FDA. At the conclusion of the inspection on May 8, the FDA issued a Form 483 with three inspectional observations, none of which were designated as repeat observations.
mpax Laboratories, Inc., a specialty pharmaceutical company, develops, manufactures, and markets bioequivalent pharmaceutical products. It operates in two segments, Global Pharmaceuticals Division and Impax Pharmaceuticals Division.
Genworth Financial Inc (NYSE:GNW), ended its Tuesday’s trading session with -2.62% loss, and closed at $8.18.
Genworth Financial Inc (GNW) declared that its wholly owned auxiliaries Brookfield Life Assurance Company Limited and Genworth Financial International Holdings, Inc. (as partners) (together, the “Vendor”) reached an underwriting agreement for the sale of 92.3 million shares in Genworth Mortgage Insurance Australia Limited (“Genworth Australia”) at A$3.08 per share. The sale, which represents about 14.2% of Genworth Australia’s share capital, is being conducted via a fully underwritten sell down to equity market investors and will leave the Vendor with an approximate 52.0% stake in Genworth Australia on completion.
Important notice
This declarement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The securities offered and sold by Genworth set out in this declarement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws of any state or other jurisdiction of the United States or following an exemption from, or in a transaction not subject to, such registration requirements and any other applicable securities laws.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
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