On Wednesday, Shares of General Electric Company (NYSE:GE), remained flat and closed at $29.50 in the last trading session. The last trading range of the stock ranges between $29.40 and $29.70. General Electric Co. has a solution for U.S. oil and natural gas explorers struggling to save more money after squeezing drilling costs by more than a third during the past two years. Raven, a helicopter drone being developed in part by GE at its new $125 million oil and gas technology center in Oklahoma City, is being tested to sniff for methane emissions at well sites. GE proved during a trial run in July that Raven could find gas leaking from a pair of well sites a half mile from each other in the Fayetteville Shale of Arkansas. Detecting and stopping leaks, a requirement the Environmental Protection Agency enacted earlier this year, is the first of many planned applications for oilfield drones to make workers more productive in an industry that has suffered billions of dollars in spending cuts, hundreds of thousands of layoffs and more than 100 bankruptcies in North America over the past two years.SOURCE BLOOMBERG
Rowan Companies PLC (NYSE:RDC), jumped 5.38% and closed at $15.27 in the last trading session. The last trading range of the stock ranges between $14.72 and $15.33. The company’s Market capitalization is $1.88 Billion with the total Outstanding Shares of 125.42Million. Rowan Companies plc (“Rowan” or the “Company”) (RDC) plans to report earnings for the three months ended September 30, 2016 on Tuesday, November 1, 2016, before the open of the financial markets in the United States. Following the earnings report, the Company will conduct a conference call at 10:00 a.m. Central Time to discuss its operating results. Interested parties can listen to the conference call by telephone or over the internet.
Individuals who wish to take part on the conference call by telephone should dial-in about five to 10 minutes before the planned start time, using one of the numbers offered below.
877-201-0168 (U.S. and Canada)
68158114 Conference ID
In addition, the conference call will be simulcast through a listen-only broadcast over the internet and can be accessed by logging on at the Company’s website
Blackstone Group LP (NYSE:BX), gained 0.20% and closed at $25.14 in the last trading session. The last trading range of the stock ranges between $24.98 and $25.36. During the 52-week trading session the minimum price at which share price traded, registered at $22.31 and reached to max level of $35.24. Blackstone (BX) has accomplished its formerly declared offering of €600 million of 1.000% senior notes due 2026 of Blackstone Holdings Finance Co. L.L.C., its indirect partner. The notes are fully and unconditionally guaranteed by The Blackstone Group L.P. and its indirect auxiliaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
The notes were offered and sold to qualified institutional buyers in the United States following Rule 144A and outside the United States following Regulation S under the Securities Act of 1933.
The notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.