On Wednesday, Shares of AT&T, Inc. (NYSE:T), gained 0.14% to $35.57.
CBS Corp said AT&T Inc has agreed to keep the television network’s channels on its web-based TV service, U-verse, according to Reuters.
The deal covers CBS-owned TV stations, Showtime Channels, CBS Sports Network, Smithsonian Channel, and Pop, which is slated for a launch on U-verse in 2016. Reuters Reports.
In other news, AT&T, declared a quarterly dividend of $0.47 a share on the company’s common shares. The dividend is payable on August 3, 2015, to stockholders of record at the close of business on July 10, 2015.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of United Continental Holdings, Inc. (NYSE:UAL), declined -2.49% to $51.69, during its last trading session.
United Airlines, declared an historic $30 million equity investment in U.S.-based alternative fuels developer Fulcrum BioEnergy, Inc., a pioneer in the development and commercialization of converting municipal solid waste into low-cost sustainable aviation biofuel. It is also the single largest investment by a U.S. airline in alternative fuels and sets United apart in the aviation industry in the advancement of aviation biofuels and carbon emissions reductions. In addition to the equity investment, United and Fulcrum have reached a contract that contemplates the joint development of up to five projects located near United’s hubs predictable to have the potential to produce up to 180 million gallons of fuel per year.
United has also negotiated a long-term supply agreement with Fulcrum and, subject to availability, will have the opportunity to purchase at least 90 million gallons of sustainable aviation fuel a year for a minimum of 10 years at a cost that is competitive with conventional jet fuel. This alternative fuel will be a drop-in fuel that meets all of the airline’s technical requirements and specifications, and will power the aircraft in the same way as conventional jet fuel. Fulcrum anticipates its first alternative fuels plant to start commercial operation in 2017.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.
Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with 1.54% gain, and closed at $21.14.
Fifth Third Bancorp said it plans to consolidate or sell about 100 of its branches and about 30 other properties, a move that comes as mobile and electronic banking grow in popularity. WSJ Reports.
The potential moves are predictable to result in $60 million in cost savings annually. Fifth Third is likely to incur around $75–85 million in non-cash impairment charges that will be recognized in the second-quarter 2015. Further, the company anticipates recognizing around $6–10 million in other costs, mainly tied with real estate contract terminations. The projected actions are likely to be accomplished by mid-2016, Bloomberg stated.
The plans come as a part of Fifth Third’s review on customers’ choice and usage patterns throughout the bank’s network and all distribution channels. Bloomberg added.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
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