On Thursday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.08% to $115.15.
Apple says it more than doubled the numbers of women, blacks and Hispanics hired in the last year, although that barely moved the needle in terms of improving the diversity of its total workforce, according to AP.
Like other major tech companies, Apple has been under public pressure to enhance the number of women and minorities in a workforce that is overwhelmingly male and white or Asian. Civil rights leader Jesse Jackson has been joined by members of Congress and other critics calling for Silicon Valley firms to make their employees more representative of the population as a whole. AP Reports
Apple CEO Tim Cook said in a statement Thursday that he’s proud of his company’s efforts, but acknowledged, “We know there is a lot more work to be done.”
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Marathon Oil Corporation (NYSE:MRO), declined -5.46% to $18.02, during its last trading session.
Marathon Oil Corporation stated a second quarter 2015 adjusted net loss of $155 million, or $0.23 per diluted share, not taking into account the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The stated net loss was $386 million, or $0.57 per diluted share.
Quarter Highlights
- Second quarter capital program at approx. $680 million, down 40% from first quarter; full-year capital program at or below $3.3 billion
- Total Company net production from ongoing operations (not taking into account Libya) averaged 407,000 net boed, up 6% over the year-ago quarter; U.S. resource play net production of 220,000 net boed up nearly 30% over year-ago quarter
- Reaffirming total Company and U.S. resource play production growth rates of 5-7% and 20%, respectively, year over year
- Reduced North America E&P production costs per boe more than 30% below year-ago quarter; adjusting full-year guidance down $1.25 per boe
- Raised captured savings from U.S. unconventional drilling and completions (D&C) costs by an additional $50 million to greater than $300 million
- Top-performing Eagle Ford rig drilled two wells achieving an average of 3,100 feet per day
- Best three-horizon “stack-and-frac” in Eagle Ford achieved 30-day IP rates of 1,400-1,650 gross boed; Bakken Three Forks second bench well delivered 30-day IP rate of 1,226 gross boed
- Recorded 96% average operational availability for Company-operated assets
- Progressing non-core asset sales with signed agreement for about $100 million.
Marathon Oil Corporation operates as an energy company. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.
Finally, AK Steel Holding Corporation (NYSE:AKS), ended its last trade with 0.97% gain, and closed at $3.12.
AK Steel Holding and five other steelmakers filed a third petition seeking tariffs on steel imports.
United States Steel (X), Nucor (NUE), ArcelorMittal USA, SSAB Enterprises, Steel Dynamics (STLD) and AK Steel filed a complaint with the U.S. Commerce Department and the U.S. International Trade Commission requesting tariffs on imports of hot-rolled coil from seven countries.
“Imports have been flooding our shores, substantially reducing selling prices, shipment volumes, and earnings,” AK Steel CEO James L. Wainscott said in a statement.
Prices for hot-rolled coil in the U.S. have fallen more than 20% this year to $468 per ton as imports from Australia, Brazil, Japan, South Korea, the Netherlands, Turkey and the U.K. weigh down on prices, The Wall Street Journal reports.
The U.S. is an attractive market since prices are $100 per ton higher than in Europe and $200 greater than prices in Asia, The Journal added.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally.
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