On Thursday, Shares of General Electric Company (NYSE:GE), gained 0.40% to $27.63.
After years of research and development supported by a billion dollar investment plan, General Electric Company, recently celebrated that the first 9HA, the world’s largest and most efficient gas turbine technology, has been manufactured at the company’s Belfort Gas Turbine Center of Excellence in France. The first 9HA unit will be shipped to Bouchain, France, where Électricité de France (EDF), one of the world’s largest utilities, and GE are developing one of the world’s most flexible and efficient gas-fired power plants.
Over the last 40 years, EDF has installed more than 120 GE turbines for projects totaling 12,000 megawatts (MW) of installed capacity. The project in Bouchain will be the first new gas power generation combined-cycle plant equipped with GE’s 9HA gas turbine technology. It is planned to enter commercial service in mid- to late-2016 in the Nord Pas-de-Calais region.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
Shares of Abercrombie & Fitch Co. (NYSE:ANF), inclined 13.49% to $22.10, during its last trading session.
Abercrombie & Fitch, stated unaudited first quarter financial results that reflected a GAAP net loss of $63.2 million and net loss per diluted share of $0.91 for the thirteen weeks ended May 2, 2015, contrast to a GAAP net loss of $23.7 million and net loss per diluted share of $0.32 for the thirteen weeks ended May 3, 2014.
Not taking into account certain charges, the Company stated an adjusted non-GAAP net loss of $37.2 million and net loss per diluted share of $0.53 for the first quarter, contrast to an adjusted non-GAAP net loss of $13.0 million and net loss per diluted share of $0.17 for the first quarter last year. The year over year reduction in adjusted non-GAAP net loss per diluted share comprised of the adverse impact of foreign currency exchange rates of about $0.13.
Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids. The company operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer.
At the end of Thursday’s trade, Shares of American Realty Capital Properties, Inc. (NASDAQ:ARCP), showed no change to $9.09.
American Realty Capital Properties, declared that, following the authorization of its board of directors, it will pay a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, in respect of the period commencing May 15, 2015 through June 14, 2015, on June 15, 2015. Holders of Series F Preferred Stock on June 1, 2015 will be eligible to receive such dividend. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.
Finally, Magnum Hunter Resources Corp. (NYSE:MHR), ended its last trade with -0.52% loss, and closed at $1.90.
Magnum Hunter Resources, declared that Triad Hunter, LLC, a wholly-owned partner of the Company, has reached a definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia to an independent exploration and production company. The total sales price is based on a specified dollar amount per net leasehold acre, subject to adjustments to take into consideration the remaining primary terms of the underlying leases and payments required to extend the underlying leases to their maximum accessible primary terms and customary adjustments for any title defects. The Company anticipates that the net proceeds it will receive from the sale of the Properties will be about $40.8 million after taking into account the adjustments related to the primary terms of the underlying leases and lease extension costs, but exclusive of adjustments for any title defects. Following the definitive agreement, the Company has the right, following the closing, to cure any title defects. The sale is planned to close on May 28, 2015 and is subject to customary closing conditions. The Properties to be sold comprise of ownership interests in about 5,210 net leasehold acres.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
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