On Friday, Shares of Visa Inc. (NYSE:V), gained 4.34% to $69.47, hitting its highest level.
Visa, declared that Americans modestly raised their spending in April, with growth across most major purchase categories, according to Visa’s Retail Spending Monitor (RSM), a quarterly report that tracks retail spending patterns based on real-time purchase data. Retail spending in April was up 4.5 percent from the preceding year, not taking into account automobile and gasoline purchases. Amid a strengthening housing market and renewed confidence in the economy, Americans continue to open their wallets for restaurant meals, hotel stays, household goods like appliances and furniture, and other more day-to-day needs. Eleven of the fourteen major spending categories that Visa tracks showed growth from the preceding year.
Several discretionary categories showed solid enhances in April from the preceding year, with some eclipsing their March growth rates. The enhance suggests that American households with incomes greater than $100,000, who generally are more likely to be able to contribute to discretionary spending and less likely to be influenced by swings in gas prices, may be driving the enhance in spending. For instance:
- Restaurant spending rose 9.5 percent from the preceding year in April, contrast to a 7.6 percent enhance in March.
- Hotel spending was up 9.4 percent from the preceding year in April, contrast to a 9.2 percent enhance in March.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Shares of Frontier Communications Corporation (NASDAQ:FTR), inclined 0.84% to $6, during its last trading session.
Frontier Communications Corporation, declared that it has invested nearly $100 million in its Pennsylvania operations since 2011, counting about $20.5 million in 2014.
Major capital expenditures supported engineering initiatives to enhance broadband speeds and improve network infrastructure for residential and commercial customers in Bedford, Berks, Bradford, Bucks, Carbon, Chester, Columbia, Dauphin, Fulton, Lackawanna, Lancaster, Lehigh, Luzerne, Lycoming, McKean, Monroe, Northampton, Potter, Schuylkill, Sullivan, Susquehanna, Tioga, Wyoming and York counties.
As a competitive local exchange carrier, Frontier provides primarily commercial services in Wilkes-Barre/Scranton/Hazleton, Lancaster/Reading/York, Harrisburg and Williamsport.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, in addition to traditional copper-based broadband products; and commercial services, counting Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services.
At the end of Friday’s trade, Shares of The Dow Chemical Company (NYSE:DOW), gained 2.39% to $51.85.
The Dow Chemical Company, declared that it has closed on the acquisition of ExxonMobil Chemical Company’s ownership share of Univation Technologies, LLC, formerly a 50/50 joint venture with Dow.
In October 2014, Dow and ExxonMobil declared jointly the signing of a definitive agreement to restructure the ownership of Univation Technologies, LLC. This transaction was a collaborative decision between Dow and ExxonMobil and aligns to Dow’s planned focus on investing in businesses with strong competitive positions in attractive markets.
Univation Technologies is the licensor of UNIPOL™ PE Process Technology and the leader in the development, manufacture and sales of PE catalysts for the UNIPOL™ PE Process. Univation Technologies will continue to license its UNIPOL™ PE Process Technology, counting swing capability for linear low density polyethylene and high density polyethylene. Additionally, Univation Technologies will continue to develop and supply all catalysts, counting: UCAT™ Conventional, ACCLAIM™ Advanced Unimodal, XCAT™ Metallocene and PRODIGY™ Bimodal Catalysts.
Univation Technologies will operate as a wholly-owned partner of Dow, led by President Steve Stanley. Univation Technologies will continue to be based in Houston, Texas.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Finally, Monsanto Company (NYSE:MON), ended its last trade with 1.39% gain, and closed at $120.79.
In response to Syngenta’s declaration on May 8 morning, Monsanto Company confirmed that it had made a private proposal to Syngenta’s Board of Directors to acquire Syngenta for 449.00 CHF per share. The proposal contemplates consideration of about 45% cash and would provide Syngenta shareholders with a very attractive premium and noteworthyfurther value creation through ongoing ownership in the combined company.
Monsanto has long respected and followed Syngenta’s business and believes combining the two companies would deliver noteworthy value to all stakeholders, counting shareholders. Creating a new company from the combination of Syngenta’s strengths and leadership in crop protection chemicals and Monsanto’s leadership in seeds, traits and information technology would form an integrated global leader in agriculture with comprehensive and complementary product portfolios, and an Ag-focused organization with improved abilities to develop and accelerate innovative solutions for growers. Monsanto believes the combined company would be uniquely positioned to deliver a comprehensive suite of integrated solutions to farmers around the world and to accelerate technological innovation through precision agriculture and advanced research and development capabilities aimed at increasing the world’s food supply in a sustainable fashion.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity.
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