On Tuesday, Shares of Rackspace Hosting, Inc. (NYSE:RAX), lost -13.50% to $45.96.
Rackspace Hosting, declared that Mark Cuban Companies is using Rackspace Digital with DevOps automation to assist its portfolio companies handle the sudden spikes in web traffic that occur following appearances on the ABC hit show, “Shark Tank.” The discussion took place at the Rackspace::Solve™ conference in New York City, which featured Rackspace experts and customers discussing how they solve their toughest IT challenges.
“We work with a number of the businesses that appear on ‘Shark Tank’ to ensure that when it’s their time in the spotlight, their websites don’t fail,” said Michael Johnstone, director of web services at Mark Cuban Companies, who presented at Rackspace::Solve New York. “If their sites crash, it’s a lost opportunity. We’re invested in seeing these companies succeed, and Rackspace has excelled in supporting their web infrastructure.”
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements.
Shares of Duke Energy Corporation (NYSE:DUK), declined 0.35% to $75.50, during its last trading session.
Duke Energy Corporation, declared that, in connection with a recent divestiture and changes in responsibilities, Marc Manly, executive vice president, Commercial Portfolio, and Keith Trent, executive vice president — Grid Solutions and president, Midwest and Florida Regions, will be leaving the company and retiring by June 30, 2015.
Manly, 63, and Trent, 55, both joined Duke Energy in 2002.
Organizational changes related to the departures will be declared soon to assist with a smooth transition before June 30.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky. This segment owns about 50,000 megawatts of generation capacity; and uses coal, hydroelectric, natural gas, oil, and nuclear fuel to generate electricity.
At the end of Tuesday’s trade, Shares of Teva Pharmaceutical Industries Limited (NYSE:TEVA), lost -0.82% to $60.79.
Teva Pharmaceutical, declared that an updated investor presentation in connection with its projected combination with Mylan N.V. (MYL) is accessible on the Investor Relations section of the Company’s website and will be filed with the Securities and Exchange Commission (“SEC”).
Among other things, the presentation notes:
- The Teva Board and administration team are committed to consummating a transaction as soon as possible, and the Company is ready and willing to meet with Mylan and its advisors right away.
- Teva’s proposal is extremely attractive for Teva and Mylan stockholders and all other stakeholders.
- The projected combination makes compelling planned, financial and cultural sense.
- The combined company will have a strong and flexible financial profile, counting substantial debt capacity and an investment grade rating.
- Teva has carefully studied the regulatory and antitrust aspects of the combination and believes that all necessary clearances can be accomplished in 2015.
- The strength of Teva’s business, pipeline, leadership and long-term growth prospects.
- The noteworthy achievements and robust financial performance Teva has generated through its transformation.
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers generic or branded generic medicines; specialized products, such as sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances; and active pharmaceutical ingredients.
Finally, Occidental Petroleum Corporation (NYSE:OXY), ended its last trade showing no change to $76.68.
Occidental Petroleum, declared that its board of directors has approved a CEO succession plan and promoted Vicki A. Hollub to Senior Executive Vice President of Occidental and President – Oxy Oil and Gas, responsible for operations in the United States, Middle East region and Latin America. The board plans for Ms. Hollub, who has served as Executive Vice President of Occidental and President, Oxy Oil and Gas – Americas, since 2014, to succeed Stephen I. Chazen as CEO of Occidental after a thorough transition period.
Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other.
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