On Friday, Shares of La Quinta Holdings Inc (NYSE:LQ), lost - 2.65% to $14.69.
La Quinta Holdings, declared the appointment of Jim Abrahamson, Chief Executive Officer of Interstate Hotels and Resorts, to its Board of Directors, effective November 12, 2015.
“Jim is an excellent addition to our Board of Directors,” said Keith A. Cline, Interim President & Chief Executive Officer of La Quinta. “He brings a wide variety of directly relevant experience related to hospitality, hotel administration and franchise development. Jim’s advice and guidance will be extremely constructive and right away assistful as we continue to develop our strategy to accelerate La Quinta’s growth longer term.”
Mr. Abrahamson, 60, is presently the Chief Executive Officer of Interstate Hotels and Resorts. Preceding to joining Interstate in 2011, Mr. Abrahamson held senior leadership positions with InterContinental Hotels Group (IHG), Hyatt Corporation, Marcus Corporation and Hilton Worldwide. At IHG, where he served from 2009 to 2011, he was President of the Americas division, and at Hyatt, which he joined in 2004, he was Head of Development for the Americas division. At Marcus, where he served from 2000 to 2004, he led the Baymont Inns and Suites and Woodfield Suites hotels division compriseing of about 200 properties, both owned and franchised. At Hilton, where he served from 1988 to 2000, Mr. Abrahamson oversaw the Americas region franchise and administration contract development for all Hilton brands, and he launched the Hilton Garden Inn brand.
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras.
Shares of SLM Corp (NASDAQ:SLM), declined -0.77% to $6.47, during its last trading session.
Ascensus College Savings and Sallie Mae are happy to declare that Upromise by Sallie Mae members have collectively contributed $250 million of Upromise cash back earnings into their Ascensus 529 college savings accounts. Ascensus has partnered with Upromise by Sallie Mae since 2002 to offer account holders the opportunity to boost contributions to their college savings accounts through the Upromise program.
“We recommend that families follow a 1-2-3 approach to saving for college and that means first, opening a savings account; second, setting a aim and regularly contributing money; and third, exploring tax-advantaged options like a 529 college savings plan,” said David O’Connell, president, Upromise by Sallie Mae. “It’s encouraging to see many of our members effectively using their Upromise cash back to further boost their college savings.”
Upromise by Sallie Mae is free to join and its members have earned more than $900 million in cash back for college. The program allows families to earn cash back for college on everyday purchases from more than 850 online partners, 10,000+ restaurants, and top travel and hotel sites. In 2014, Upromise members making contributions to their 529 plan saved an average of $250.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families.
Finally, Shares of Sypris Solutions, Inc. (NASDAQ:SYPR), ended its last trade with 2.13% gain, and closed at $1.92.
Sypris Technologies, declared that it has been awarded a long-term contract with Volvo Group North America LLC and Mack Trucks, Inc. for the supply of axle shafts for use on Volvo’s Mack branded axle through 2018.
Commenting on the declarement, Paul Larochelle, Vice President of Sales and Planned Initiatives, stated, “Sypris has been providing axle shafts to Volvo for over a decade as a tier two supplier. We are happy to continue the supply of these components now directly to Volvo as a tier one supplier. We are excited for the opportunity to expand and extend our planned relationship with Volvo and collaborate on other products where we can bring value to their supply chain.”
Sypris Technologies is a premier manufacturer and supplier of drivetrain and other critical components for the commercial vehicle, automotive, recreational vehicle, mining, agriculture and energy markets. Sypris is headquartered in Louisville, Kentucky. With facilities located throughout North America, Sypris continues to meet the needs of the industry after more than 80 years of service.
Mack Trucks, Inc. is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2014, the Volvo Group’s sales amounted to about $38.2 billion. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo shares are listed on Nasdaq Stockholm and are traded OTC in the U.S.
Sypris Solutions, Inc. offers outsourced services and specialty products in the United States, Mexico, Denmark, and the United Kingdom. It provides manufacturing, engineering, design, and other technical services under contracts with corporations and government agencies in the industrial manufacturing, and aerospace and defense electronics markets.