Business

Premier Oil returns to profit as hopes rise of deal on debt

Premier Oil returns to profit as hopes rise of deal on debt

For the six months to June-end, the exploration company recorded pretax profit of $110.0 million, compared with a pretax loss of $214.6 million, on sales revenue of $393.8 million and $577.0 million, respectively. Premier Oil said debtlevels stood at $2.6 billion at the end of June, higher than ayear ago but down from the end of the first quarter. "We have made substantial progress with our lending group on the principal terms of a refinancing", he explained.


Wal-Mart's comparable sales beat estimates

Wal-Mart's comparable sales beat estimates

During the same quarter in the prior year, the business posted $1.03 earnings per share. This along with unfavorable currency is taking a toll on the results. Net sales at Walmart International were $28.6 billion. While comp traffic decreased 0.4%, average ticket increased 1.0%. It's also spending $3 billion to acquire fast-growing online retailer Jet.com, which it says will help it grab higher-income and younger customers.



Cisco all set to lay off 14000 employees within few weeks

It missed the bus in 2015 reportedly due to an insider Chuck Robbins becoming CEO of the company. The latest listed company making its way into the special group of Zacks value stocks is Cisco Systems , Inc. "They need different skill sets for the software-defined future than they used to have", CRN quoted one source as saying. Cisco, which had over 70,000 employees as of April 30, declined to comment.



Plains Group Holdings L.P. (PAGP) Shares are Up 7.29%

L P acquired a new position in shares of Plains GP Holdings during the first quarter worth approximately $107,000. The stock has a market capitalization of $11.75 billion and a P/E ratio of 84.67. Baird. A number of Wall Street analysts stated their opinion on the stock. 0 analysts hold "Sell" rating for the stock. Plains Group Holdings, L.P.


McKinney Avenue Sun Fresh Market purchased by HEB

McKinney Avenue Sun Fresh Market purchased by HEB

Four are in Dallas, one is in McKinney, and one in Grapevine at Texas 121 and Hall Johnson Road. All six were acquired by Schalek a year ago as part of Federal Trade Commission-mandated divestitures in the Albertsons-Safeway merger. "We are now evaluating the feasibility of each site to determine the most effective use of the properties". Spokeswoman Mabrie Jackson told the Dallas Morning News that the company was "thrilled" to have the properties.


Castillo's 4 hits lead Diamondbacks over Mets 10

Castillo's 4 hits lead Diamondbacks over Mets 10

He now has a lifetime K/BB ratio of 142/1. There are a lot of words you could use to describe Bartolo Colon's 2016 season. He failed in his second attempt in six days to beat Arizona, the only team he has not beaten in his 19-year career.