On Friday, Rex Energy Corporation (NASDAQ:REXX)’s shares declined -3.44% to $2.53.
Rex Energy Corporation (REXX) declared that its bank group has reaffirmed the existing $350 million borrowing base under the company’s senior secured credit facility. Under the terms of the credit agreement, the bank group re-determines the borrowing base semi-annually utilizing the bank’s estimates of reserves and future oil and gas prices. In addition, the bank group approved an amendment to the credit agreement which, among other things, allows the company to repurchase up to $25 million of Rex Energy common stock or senior unsecured notes, subject to certain terms and conditions.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA)’s shares dropped -1.57% to $63.38.
Teva Pharmaceutical Industries Ltd., (TEVA) declared that the U.S. Food and Drug Administration (FDA) has accepted for review the company’s supplemental new drug application (sNDA) for ProAir® RespiClick (albuterol sulfate) Inhalation Powder for the treatment or prevention of bronchospasm in patients 4 to 11 years of age with reversible obstructive airway disease and for the prevention of exercise-induced bronchospasm (EIB).
ProAir® RespiClick was approved by the FDA in March 2015 for the treatment or prevention of bronchospasm in patients 12 years of age and older with reversible obstructive airway disease and for the prevention of EIB. ProAir® RespiClick is the only multi-dose, breath-activated short-acting beta-agonist (SABA) inhaler accessible to patients in the U.S. It differs from other presently accessible rescue inhalers as it utilizes breath-activated technology that enables patients to breathe in to receive a measured dose of the medicine, eliminating the need for hand-breath coordination during inhalation.
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.
At the end of Friday’s trade, XL Group plc (NYSE:XL)‘s shares dipped -1.59% to $37.13.
To assist businesses recover from the financial repercussions of corporate crime, XL Catlin’s Global Crime business has introduced a comprehensive new commercial crime insurance policy in the US.
According to Greg Bangs, Chief Underwriting Officer of XL Catlin’s Global Crime insurance business, “PWC’s 2014 Global Economic Crime Survey indicates that one in three organizations has been affected by economic crime. From embezzlement and forgery to securities fraud and theft, businesses of all sizes are vulnerable to an expanding variety of crimes and criminal schemes that can be executed by their own employees or outside parties. This new policy protects companies from the financial impact of criminal activity that can, in turn, damage profitability and business processes in addition to a company’s reputation.”
XL Catlin’s new Crime insurance policy comprises, but is not limited to, protection against:
- Employee Theftproviding coverage for loss of or damage to money, securities and other property resulting directly from theft committed by an employee.
- Forgery or Alterationresulting in losses arising directly from forgery or alteration of checks, drafts, promissory notes or similar instruments.
- Theft of Money and Securitieson and off premises, resulting in losses of money and securities inside the insured’s premises or a financial institution’s premises.
- Robbery or Safe Burglaryfor loss or damage to property other than money or securities.
- Computer and Funds Transfer Fraudcovering losses that result directly from fraudulent entry or change in electronic data or computer programs.
XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance.
Coca-Cola Enterprises Inc (NYSE:CCE), ended its Friday’s trading session with -1.08% loss, and closed at $48.52.
Coca-Cola Enterprises (CCE) has been named in the 2015 Dow Jones Sustainability Index (DJSI), the first time the company has been listed. This move recognizes CCE’s long-term investment in and commitment to sustainability.
The DJSI, reviewed annually by the S&P Dow Jones Index Committee and RobecoSAM, is a global index which tracks the financial performance of leading sustainability-driven companies. It is based on an analysis of financially material economic, environmental and social factors. Companies are only listed in the annual ranking if they are best in class within their industry for sustainability.
Coca-Cola Enterprises, Inc. produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The company offers nonalcoholic ready-to-drink beverages with carbonation, counting energy drinks, waters, and flavored waters; and nonalcoholic beverages without carbonation, such as waters and flavored waters, juice and juice drinks, teas, coffees, and sports drinks.
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