On Friday, Shares of FirstEnergy Corp. (NYSE:FE), subtract -0.16% and closed at $31.51 in the last trading session. The last trading range of the stock ranges between $31.43 and $32.04. FirstEnergy Corp.’s (FE) Pennsylvania utilities filed distribution rate case settlement agreements on October 14, 2016, with the Pennsylvania Public Utility Commission (PPUC) aimed at enhancing electric service reliability for more than two million customers across the state.
FirstEnergy’s Pennsylvania utilities include Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec), Pennsylvania Power Company (Penn Power), and West Penn Power Company (West Penn Power).
The projected rate plans for each utility are expected to benefit customers by continuing FirstEnergy’s service reliability enhancement efforts in Pennsylvania, counting circuit and substation upgrades, pole replacements, additional vegetation administration, and equipment inspections. The settlement agreements also include continued assistance for providing service to low-income customers, which is about $95.3 million annually.
Parties to the settlements include the Office of Consumer Advocate, the Office of Small Business Advocate, the Bureau of Investigation and Enforcement, the West Penn Power Industrial Intervenors, the Penelec Industrial Customer Alliance, the Met-Ed Industrial Users Group, The Pennsylvania State University, the Coalition for Affordable Utility Services and Energy Efficiency in Pennsylvania, Wal-Mart Stores East, LP and Sam’s East, Inc., North America Hoganas Holdings, Inc., and AK Steel Corporation.
Monsanto Company (NYSE:MON), dropped -0.42% and closed at $102.11 in the last trading session. The last trading range of the stock ranges between $101.64 and $102.80. The company’s Market capitalization is $44.49 Billion with the total outstanding Shares of 437.53 million. Monsanto Company (MON) recently declared fiscal year 2016 results, delivering above the company’s most recent ongoing earnings per share guidance for the year. The company anticipates to grow earnings per share (EPS) into fiscal year 2017 and beyond by building upon the achievements of fiscal year 2016, together with continued strong penetration of key soybean traits, global corn germplasm upgrades and spend discipline.
“Despite challenges to our business in fiscal year 2016, we delivered on the drivers that position Monsanto for the return to EPS growth in the year ahead. To see it through, our fiscal year 2017 priorities are focused on delivering on the operational plan and key business milestones for the year, while also executing on the necessary steps to close the deal with Bayer. Eventually, we believe that combining with Bayer represents the most compelling value for our shareowners, with the most certainty through the all-cash consideration.”
Momo Inc (ADR)(NASDAQ:MOMO), lost -2.53% and closed at $23.50 in the last trading session. The last trading range of the stock ranges between $23.46 and $25.15. The company’s Market capitalization is $4.40 Billion with the total outstanding Shares of 288.44 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.72 and reached to max level of $26.65. – Agora.io, a leader in internet-based global real-time communications, recently declared that the company’s real-time audio and video communication solution – Agora Video and Agora Voice – has been selected and integrated into Momo’s mobile application to power new voice and video call features. Momo launched its location-based instant messaging app in August 2011, with a mission to assist users discover and engage socially with people and communities nearby. This feature is available for all Momo users with a version of 6.8 or later on Android, iOS and Windows Phone.
“By adopting Agora Video and Voice capabilities Momo is able to deliver an unprecedented level of interactivity to our almost 80 million monthly active users around the world,” said Momo’s co-founder & CEO Yan Tang. “Real-Time Voice and Video has assisted us boost growth and user engagement. We see this as a critical breakthrough. We are excited to take this first step with Agora.io in revolutionizing social experiences.”