On Wednesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -1.52% to $62.20.
JPMorgan Chase & Co., declared the launch of the Chase Freedom Mobile App for cardholders. The free app, available on both the Apple App StoreSM and Google Play, allows cardholders the ability to redeem their cash back rewards and pay at the register at 30 merchants, counting Gap, Target, Lowe’s, Starbucks, Toys”R”Us, TGI FridaysSM, and Regal Entertainment Group.
“Chase Freedom cardholders earn unlimited 1% cash back on all purchases and can activate to earn 5% total bonus cash back on up to $1500 in purchases each quarter at a variety of retailers,” said Pam Codispoti, president, Chase Consumer Branded Cards. “Now, we’ve made it easy for cardholders to take those cash back rewards with them wherever they go. With the Chase Freedom Mobile App, heading out to shop, dine or have fun just got a whole lot more rewarding.”
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Williams Companies Inc (NYSE:WMB), declined -2.29% to $46.01, during its last trading session.
Williams Companies declared it has placed into service a major expansion of its Transco natural gas pipeline to fuel new electric-power generation in Virginia and serve increasing local distribution demand in North Carolina. Transco is the nation’s largest-volume and fastest-growing interstate natural gas pipeline system with enough transportation capacity to serve the equivalent of more than 50 million households each day in North America.
The about $300 million Virginia Southside Expansion is providing 270,000 dekatherms per day (dth/d) of incremental transportation capacity, which is enough gas to serve the equivalent of 1.6 million households. The expansion comprises of about 100 miles of new, 24-inch diameter pipeline extending from the Transco mainline in Pittsylvania County, Va., and into Halifax, Charlotte, Mecklenburg, and terminating in Brunswick County, Va. Transco placed the majority of the pipe parallel to its own existing pipeline, alongside an existing utility corridor. In addition, Transco added more than 21,000 horsepower of compression at Station 165 in Pittsylvania County, Va.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
Finally, Johnson Controls Inc (NYSE:JCI), ended its last trade with -1.10% loss, and closed at $40.59.
Johnson Controls declared it has accomplished the sale of its Global Workplace Solutions (GWS) business to CBRE Group (CBG) for $1.475 billion. Global Workplace Solutions is one of the world’s largest providers of facilities administration services.
The sale comprises a 10-year planned relationship between the two companies. Johnson Controls will be the preferred provider of HVAC equipment, building automation systems and related services to the 5 billion sq. ft. portfolio of real estate and corporate facilities managed globally by CBRE and GWS. The agreement provides Johnson Controls with new channels for its offerings and when fully operational is predictable to generate up to $500 million of annual incremental revenue for the Johnson Controls Building Efficiency business.
“The sale of Global Workplace Solutions goes beyond its transactional value, as it represents an investment by Johnson Controls to grow its core building business, at the same time forging a planned partnership with CBRE that will deliver long-term benefits to both companies,” said Alex Molinaroli, Johnson Controls CEO.
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment.
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