During Friday’s current trade, Facebook Inc (NASDAQ:FB)’s shares dipped -1.20%, to $81.32.
On April 1, Facebook Inc. declared that the company’s first quarter 2015 financial results will be released after market close on Wednesday, April 22, 2015.
Facebook will host a conference call to talk about its results at 2 p.m. PT / 5 p.m. ET the same day.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The company’s products comprise Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application accessible on Android, iOS, and Windows phone devices; Instagram, a mobile application that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; and WhatsApp Messenger, a cross-platform mobile messaging application that allows people to exchange messages on iOS, Android, BlackBerry, Windows phone, and Nokia devices.
National Bank of Greece (ADR) (NYSE:NBG)’s shares declined -5.13% to $1.11, during the current trading session Friday’s, after the S&P downgraded Greece’s long and short term sovereign credit ratings to “CCC+/C.
Standard & Poor’s reduced its ratings on Greece from “B-/B” due to worsening economic conditions as a result of continued negotiations between the government and its creditors, Reuters reports, adding that the ratings agency also removed Greece’s ratings from CreditWatch, where it had placed them with negative implications.
National Bank of Greece S.A., together with its auxiliaries, provides diversified financial services. The company is involved in retail and commercial banking, asset administration, investment banking, brokerage, and insurance activities. It offers current accounts, deposit multiproducts, deposits in foreign currency, savings accounts, sight accounts, and time deposit accounts.
In a morning trade, Schlumberger Limited (NYSE:SLB)’s shares climbed 1.60%, to $93.37.
Yesterday, Schlumberger Limited stated results for the first-quarter 2015.
First- Quarter results
- First-quarter revenue of $10.2 billion reduced 19% sequentially
- First-quarter EPS of $1.06, not including charges and credits, declined 29% sequentially
- First-quarter free cash flow of $1.2 billion, not including restructuring payments, raised 74% year-on-year
- 7 million shares were repurchased during the quarter for $719 million
- First-quarter restructuring and other charges amounted to $0.30 per share
Schlumberger Chairman and CEO Paal Kibsgaard commented, “Schlumberger first-quarter revenue reduced 19% sequentially driven by the severe decline in North American land activity and associated pricing pressure. International operations were influenceed by reduced customer spend in addition to seasonal effects in the Northern Hemisphere and the fall in value of the Russian ruble and the Venezuelan bolivar. Three-quarters of the overall sequential decline was due to lower activity and pricing, while the remainder was the result of currency effects and non-recurring year-end sales.
“Among the Technologies, Production Group revenue declined 22% sequentially from lower pressure pumping services in North America, while Reservoir Characterization and Drilling Group revenues fell by 21% and 15% respectively on a sharp decrease in exploration-related services and development drilling activity. Product, software and multiclient sales also declined as customers further curtailed exploration and discretionary spending.
“The largest drop in E&P investment is occurring in North America, where 2015 spend is predictable to be down by more than 30%. We believe that a recovery in US land drilling activity will be pushed out in time, as the inventory of unaccomplished wells builds and as the re-fracturing market expands. We also anticipate that a recovery in activity will fall well short of reaching previous levels, hence extending the period of pricing weakness.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments. The Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technology that offers open-hole and cased-hole services; exploration and production pressure and flow-rate measurement services; information solutions, such as software, consulting, information administration, and IT infrastructure services that support oil and gas industry operational processes; interpretation and integration of exploration and production data types, in addition to consulting services for reservoir characterization, field development planning production enhancement, and multi-disciplinary reservoir and production solutions; and multi client data library and industry petro-technical training solutions.
Ford Motor Company (NYSE:F), during its Friday’s current trading session dropped -1.13% to $15.76.
Today, Ford and DowAksa signed a joint development contract (JDA) to formally advance research on cost-effective, high-volume manufacturing of automotive-grade carbon fiber, a material poised to play a noteworthy role in the drive to make vehicles lighter for greater fuel efficiency, performance and capability.
The contract, between Ford Motor Company, Ford Global Technologies and DowAksa – a 50/50 joint venture between The Dow Chemical Company and Aksa Akrilik Kimya Sanayii A.Ş – will combine DowAksa’s feedstock capacity, carbon fiber conversion and downstream intermediates production capabilities with Ford’s expertise in design, engineering and high-volume manufacturing. The aim is to produce materials that make cost-effective carbon fiber composite parts that are much lighter than steel but meet automotive strength requirements.
“This joint development contract reinforces Ford’s commitment to our partnership with DowAksa, and our drive to bring carbon fiber components to the broader market,” said Mike Whitens, director, Vehicle Enterprise Sciences, Ford Research & Advanced Engineering. “The aim of our work here fits within the company’s Blueprint for Sustainability, where future Ford vehicles will be lighter with optimized performance that would assist consumers further improve fuel economy and reduce emissions.”
“Automotive manufacturers’ use of carbon fiber composites has been hindered by the absence of both high-volume manufacturing methods and affordable material formats,” said DowAska Vice Chairman Mehmet Ali Berkman. “This partnership combines the individual strengths of each company to target these challenges.”
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
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