Top News : BP plc (NYSE:BP), Sensata Technologies Holding NV (NYSE:ST), ShoreTel, Inc. (NASDAQ:SHOR), Rare Element Resources Ltd. (NYSEMKT:REE), Castlight Health, Inc. (NYSE:CSLT)

Technology Stocks News 2

British energy giant BP PLC (NYSE:BP) won’t curb its plans to drill for offshore oil, even after a U.S. judge found it was “grossly negligent” in the 2010 Gulf of Mexico disaster, the company’s technology chief says. The ruling on Thursday could put BP on the line for up to $18 billion in new civil penalties for its role in the biggest offshore oil spill in American history. BP plc (NYSE:BP) belongs to Basic Materials sector. Its net profit margin is 2.70% and weekly performance is -4.15%. On last trading day company shares ended up $45.93. BP plc (NYSE:BP) distance from 50-day simple moving average (SMA50) is -7.08%.

Sensata Technologies Holding NV (NYSE:ST) on Sept. 5 announced that existing shareholders (the “Selling Shareholders”) have agreed to sell 15,050,632 ordinary shares in an underwritten public offering. Sensata Technologies will not receive any proceeds from this offering.  The offering is expected to close on Sept. 10, 2014. Sensata Technologies Holding NV (NYSE:ST) shares moved down -1.77% in last trading session and ended the day at $47.24. ST Gross Margin is 36.60% and its return on assets is 7.50%. Sensata Technologies Holding NV (NYSE:ST) quarterly performance is 6.88%.

ShoreTel, Inc. (NASDAQ:SHOR) is participating in the Cloud Partners conference 2014. The company’s growing cloud partner program will be showcased, and ShoreTel Sky solutions will be featured, including the new ShoreTel Sky Dialer. The ShoreTel Sky Dialer solutions enable click-to-dial from browsers and other applications on the user desktop to increase productivity. On 05 September, ShoreTel, Inc. (NASDAQ:SHOR) shares advanced 0.84% and was closed at $6.61. SHOR EPS growth in last 5 year was 41.40%. ShoreTel, Inc. (NASDAQ:SHOR) year to date (YTD) performance is -28.83%.

It’s been over two years since U.S.-based Rare Element Resources (NYSEMKT:REE) released an economic study on its Bear Lodge rare earth minerals property in northeastern Wyoming, and according to president and CEO Randall Scott, both the rare earth marketplace and project have “significantly changed.” On Aug. 26 Rare Element released a prefeasibility study (PFS) on Bear Lodge that incorporates a large resource expansion, and what the company says are “numerous operational improvements.” Rare Element Resources Ltd. (NYSEMKT:REE) ended the last trading day at $1.04. Company weekly volatility is calculated as 5.53%. Rare Element Resources Ltd. (NYSEMKT:REE) showed a weekly performance of -0.86%.

Analysts at Raymond James reiterated an “outperform” rating on shares of Castlight Health, Inc. (NYSE:CSLT) in a research note on Wednesday, July 30th. They now have a $19.00 price target on the stock, up previously from $15.00. Castlight Health, Inc. (NYSE:CSLT) shares moved down -4.98% in last trading session and ended the day on $12.98. CSLT Gross Margin is 12.60% and its return on assets is -49.00%. Castlight Health, Inc. (NYSE:CSLT) quarterly performance is -14.49%.

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