Alcoa (NYSE:AA) has confirmed its commitment to the Warro gas project in the Perth Basin located in Western Australia. In reaction, Australian oil and gas producer Transerv Energy Ltd (ASX:TSV) has soared 22 percent.
United Technologies Corporation. (NYSE:UTX) on Tuesday prepaid $1.0 billion of the outstanding principal amount under its Apr. 24th Term Loan Credit Agreement. On July 26th, the company borrowed $2.0 billion through this facility in order to pay a portion of the cash consideration for its recently-completed purchase of Goodrich Corp. The $1.0 billion prepayment marks a 50 percent reduction in the $2.0 billion outstanding principal amount under the facility due Dec. 31st.
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Hewlett-Packard Co. (NYSE:HPQ) on Tuesday introduced HP Unified Functional Testing11.5 and HP UFT Mobile which represent next-generation functional and mobile testing software that aids enterprises in quick response to changing enterprise demands. Mobile, social and web-based applications permit organizations to expand and to innovate. These applications are difficult to build while concurrently maintaining the same quality standards related to traditional enterprise solutions. Additionally, application delivery teams are faced with continuously providing new solutions that drive competitive differentiation. The improved HP Functional Testing software suite assists IT organizations in updating application development and testing processes to deliver applications, like mobile and cloud, with high-quality results. These software solutions step up the adoption of test automation and continuous integration and also promote collaboration among key stakeholders across the application life cycle, so that clients can quickly deliver new and enhanced applications that drive innovation without the sacrifice of quality.
Wal-Mart Stores (NYSE:WMT) is above its 52 week low with 33.29 percent and its last month’s price volatility stayed at 1.40 percent. The retailer’s beta coefficient was 0.33 with a target price of $79.74 and its current year earnings per share increased by 8.47% while the five year earnings per share growth rate was up 9.19 percent.
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