On Monday, KBR, Inc. (NYSE:KBR)’s shares gained 2.53%, and closed at $14.99, as The Securities and Exchange Commission (SEC) declared a settlement of its examination into KBR`s use of confidentiality statements. KBR has agreed to resolve this matter amicably with the SEC and appreciates the concerns raised about the language in its confidentiality contract.
KBR always intended the contract be used only to protect the integrity and confidentiality of its internal, privileged investigations - as has been recognized by the U.S. Court of Appeals.
Indeed, KBR has always prided itself on its compliance program, designed thoroughly to investigate reports of wrongdoing, bring matters to the attention of law enforcement where appropriate and fully cooperate with law enforcement investigations.
KBR, Inc. operates as an engineering, construction, and services corporation worldwide. The corporation operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
Cameron International Corporation (NYSE:CAM)’s shares jumped 2.51%, and settled at $46.48, during the last trading session on Monday, as on March 31, Cameron International, declared that Justin Rounce has assumed the newly created position of Vice President, Marketing and Chief Technology Officer (CTO), effective March 23, 2015.
In his new role Rounce is responsible for Planned Marketing, Communications and all aspects of Research and Development, will lead the corporation’s Technology Innovation program and will coordinate the advancement of customer-focused product development across Cameron’s operating segments. He reports directly to Jack Moore, Chairman and Chief Executive Officer of Cameron.
Rounce joins Cameron from the OneSubsea joint venture, where he was Vice President of Marketing and Technology. Before joining OneSubsea, he was Vice President & Director, Mergers and Attainments at Schlumberger, and led the Schlumberger team in the creation of OneSubsea. Rounce’s career with Schlumberger spanned more than 27 years, working in multiple business segments and in a number of global leadership roles.
Cameron International Corporation provides flow equipment products, systems, and services worldwide. The corporation’s Subsea segment offers integrated solutions, products, systems, and services to the subsea oil and gas market, counting integrated subsea production systems involving wellheads, subsea trees, manifolds and flowline connectors, and subsea processing systems.
At the end of Monday’s trade, Sprint Corporation (NYSE:S)’s shares climbed 2.47%, and closed at $4.97, after Mayor Rahm Emanuel and Sprint (NYSE:S), declared a series of investments in Chicago that will bring jobs and infrastructure investments to the city over the next two years. This investment plan – known as Sprint® for Chicago – will bring more than 300 new jobs to neighborhoods throughout Chicago by the end of 2015 and comprises the installation of hundreds of new cell sites and an predictable investment of $45 million in its network infrastructure between now and the end of 2016.
Chicago will be the first Sprint city upgraded to an even faster network with the deployment of LTE Advanced technologies. These faster speeds are predictable to improve the performance of video and other bandwidth-intensive applications, counting new generations of online gaming, virtual reality and advanced cloud services.
New cell sites will be located in neighborhoods throughout the city and comprise the areas around Rush University Medical Center, along Chicago Transit Authority (CTA) subway routes as part of the project to upgrade the wireless network in the City’s system, and areas surrounding Garfield Park.
Wireless usage by Sprint customers in Chicago raised more than 640 percent from 20121. In that time, the corporation has invested more than $548 million to improve Chicago customers’ wireless experience. The corporation plans to add new cell sites to improve service and raise its retail investment with more than 46 new retail locations in 2015.
Sprint Corporation provides wireless and wireline communications services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. It operates in two segments, Wireless and Wireline.
Goldcorp Inc. (NYSE:GG), ended its Monday’s trading session with 2.44% gain, and closed at $19.31, after PREMIER GOLD MINES LIMITED, declared that it has reached an contract to attain Goldcorp Inc.’s 40% interest in the South Arturo Mine Project, located 8 kilometres northwest and along strike from Barrick Gold Corporation’s Goldstrike Operations, within the Carlin Trend in Nevada. Following the terms of the transaction, Premier has agreed to pay Goldcorp US$20 Million at closing and transfer to Goldcorp 5% of its interest in the Rahill-Bonanza Joint Venture in Red Lake , subject to Barrick not exercising its right of first refusal in respect of the Project and completion of definitive documentation. Concurrent with the attainment, Goldcorp has agreed to complete a private placement with Premier in the amount of Cdn$12.5 Million , subject to Toronto Stock Exchange approval. In the event that Barrick exercises its right of first refusal in the Project, Goldcorp has agreed to pay Premier a break fee in the amount which is the greater of (i) 5% of the purchase price paid by Barrick to Goldcorp as consideration for Goldcorp’s 40% interest in the Project, and (ii) US$1.1 Million .
The attainment provides key benefits to Premier counting:
- Reasonable gold purchase price for total resource ounces being attaind at South Arturo ( See Tables 1 & 2 below).
- The Phase 2 open pit mine project is fully-permitted and in construction.
- Project is operated by Barrick Gold , a highly professional and established operator in Nevada with substantial milling infrastructure.
- Upside could be realized through further exploration drilling for potential underground resources.
- Meets Premier’s criteria of establishing an exploration and development project portfolio within world class districts and safe mining jurisdictions.
- The partnership model has been an important part of Premier’s past and recent successes.
Goldcorp Inc. engages in the attainment, exploration, development, and operation of gold properties in Canada, the United States, and Latin America. The corporation primarily explores for gold, silver, copper, lead, and zinc deposits.
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