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Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Services Sector

WR Announces Cost Cutting Initiative

Westar management announced a cost-cutting initiative via employee reductions to save $16 million annually (roughly 3% of total operating and maintenance and selling, general, and administrative expenses) beginning in the fourth quarter of 2012 and extending through the third quarter of 2013, given continued economic weakness and soft customer growth. Westar filed an abbreviated rate case in April 2013 to recover $335 million of its … Continue reading WR Announces Cost Cutting Initiative

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Finance

Morning Buzz : Bank of America (NYSE:BAC), Freeport-McMoRan Inc. (NYSE:FCX), Biocept, Inc. (NASDAQ:BIOC), NGL Energy Partners LP (NYSE:NGL), Westar Energy, Inc. (NYSE:WR),

Bank of America Corporation (NYSE:BAC) on Tuesday announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. Bank of America Corporation (NYSE:BAC) belongs to Financial sector. Its net profit margin is 13.10% and weekly performance is 2.03%. On last trading day company shares ended up $17.05. Bank of America Corporation (NYSE:BAC) distance from 50-day simple … Continue reading Morning Buzz : Bank of America (NYSE:BAC), Freeport-McMoRan Inc. (NYSE:FCX), Biocept, Inc. (NASDAQ:BIOC), NGL Energy Partners LP (NYSE:NGL), Westar Energy, Inc. (NYSE:WR),

Kevin Long