$HEP (Holly Energy Partners L.P)

$HEP {{ '2016-02-05T14:01:30+0000' | timeago}} • Announcement

Dallas, Texas-based $HEP said its BoD appointed Mark Plake as President of Holly Logistic Services (HLS), the general partner of $HEP, effective February 15, 2016. Plake will replace Mike Jennings who will resign as President of HLS, but will continue to serve as CEO and Director of HLS and Executive Chairman of $HFC.

$OKE {{ '2017-07-27T15:51:36+0000' | timeago}} • Announcement

The merger of $OKE and its partners has resulted in an increase in the company’s quarterly dividend by 13 cents per share, or 21%, to 74.5 cents per share, which counts to an annualized dividend of $2.98 per share. The dividend is payable on Aug 14, 2017, to shareholders of record as on Aug 7, 2017.

$UGI {{ '2017-07-26T15:14:36+0000' | timeago}} • Announcement

Energy company $UGI has elected Theodore A Dosch as a director, effective July 25, 2017. Dosch currently serves as CFO and EVP of Finance at Anixter International. Earlier, he held various leadership roles in Whirlpool Corporation.

$UGI {{ '2017-07-25T20:48:28+0000' | timeago}} • Infographic

Energy products company $UGI has declared a quarterly dividend of $0.25 per share on its common stock. The dividend is payable on October 1, 2017, to shareholders of record as of September 15, 2017.

$WPZ {{ '2017-07-24T19:52:58+0000' | timeago}} • Announcement

$WPZ's BoD announced regular quarterly cash distribution of $0.60 per unit for its common unitholders. The distribution is consistent with the previous quarter. The distribution is payable on Aug. 11, 2017, to unitholders of record at the close of business on Aug. 4, 2017.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$VLO {{ '2017-07-20T21:04:15+0000' | timeago}} • Announcement

$VLO declared a regular quarterly cash dividend on the company’s common stock of $0.70 per share. The dividend is payable on Sept. 7, 2017 to holders of record at the close of business on Aug. 9, 2017.

$REXX {{ '2017-07-20T20:56:44+0000' | timeago}} • Announcement

$REXX BoD declared a quarterly cash dividend of $150 per share of its 6.0% Series A convertible perpetual preferred stock. Consequently, on Aug. 15, 2017, a cash dividend of $150 per share (equivalent to $1.50 per depository share) will be paid to holders of record as of the close of business on Aug. 1, 2017.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$OKE {{ '2017-07-19T13:37:57+0000' | timeago}} • Announcement

$OKE announced the retirement of Stephen Lake, SVP, general counsel and assistant secretary, effective July 21, 2017. Stephen Allen, $OKE's VP and associate general counsel, has assumed Lake's responsibilities.

$WPZ {{ '2017-07-19T13:32:50+0000' | timeago}} • Announcement

$WPZ said Northwest Pipeline is seeking the Federal Energy Regulatory Commission (FERC) approval for North Seattle Lateral Upgrade project in south Snohomish County in the state of Washington. The construction-related activities are scheduled to begin in 2Q19 and would be completed in 4Q19.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$VLO {{ '2017-07-13T11:30:53+0000' | timeago}} • Announcement

$VLO and $PAA plan to challenge attempt to block proposed acquisition by $VLO of certain $PAA assets. $VLO and $PAA will continue to vigorously defend the planned transaction in federal court.

$VLO {{ '2017-07-12T22:08:42+0000' | timeago}} • Announcement

$VLO clarified that the California Attorney General filed suit against a proposed acquisition by $VLO’s subsidiary of two petroleum storage and distribution terminals owned by a subsidiary of $PAA. Erroneous reports said the AG filed suit to prevent a merger between $VLO, Valero Energy Partners LP, and $PAA. This motion has been denied in court.

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