On Tuesday, Abbott Laboratories (NYSE:ABT)’s shares inclined 0.14% to $49.08.
The board of directors of Abbott (ABT) declared a quarterly common dividend of 24 cents per share.
This marks the 366th successive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Aug. 15, 2015, to shareholders of record at the close of business on July 15, 2015.
Abbott Laboratories manufactures and sells health care products worldwide. Its Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome; intrahepatic cholestasis or depressive symptoms; gynecological disorders; dyslipidemia; hypertension; hypothyroidism; pain, fever, and inflammation; hormone replacement therapy; anti-infective and influenza vaccines; and product that regulates physiological rhythm of the colon.
Barclays PLC (ADR) (NYSE:BCS)’s shares dropped -0.36% to $16.44.
Barclays PLC (BCS) has decided to vend its U.S. Wealth & Investment Administration unit to St. Louis-based Stifel Financial Corp. SF. The parties reached a contract on Jun 8 for an unrevealed amount.
On completion of the deal, all of Barclays Wealth & Investment Administration clients – counting Barclays Wealth Trustees (U.S.) N.A. – will be served by Stifel. However, till then, Barclays will continue to cater to its clients. Additionally, Barclays designated Stifel as its private wealth distribution partner for some of its equities and credit new issue securities.
The deal, which is subject to regulatory approvals, is likely to close in mid-Nov 2015. While no financial details were revealed, Barclays does not expect the deal to have a noteworthy impact its financials.
The Wealth & Investment Administration unit comprises Lehman Brothers’ brokerage arm which Barclays had purchased in 2008. The business was involved in various disputes over the past few years which compelled Barclays to look for prospective buyers. On Monday, however, Barclays and Lehman reached a $1.28 billion settlement centered on certain marginal assets, and promised to drop all current and prospective charges against each other.
Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services. The company also provides brokerage and risk administration services across various asset classes, counting equity and fixed income, currency, and commodity products; planned advice on mergers and acquisitions, corporate finance, and planned risk administration solutions; and multi-asset class and macro-economic research services, in addition to offers credit cards and wholesale banking.
At the end of Tuesday’s trade, Kimco Realty Corp (NYSE:KIM)‘s shares dipped -0.57% to $22.54.
Kimco Realty Corp. (KIM), the nation’s largest publicly traded owner and operator of neighborhood and community shopping centers, declared that it has won three Lighting Energy Efficiency in Parking (LEEP) campaign awards for largest absolute number of facility upgrades; best use of controls; and largest absolute area. Kimco formerly won a LEEP award for largest absolute number of facility upgrades in 2014.
The awards program recognizes owners and managers who install highly-efficient lighting solutions in their parking facilities. The campaign and awards program is sponsored by the Building Owners and Managers Association (BOMA), the Green Parking Council (GPC), the International Parking Institute, the International Facility Administration Association (IFMA), and supported by the U.S. Department of Energy (DOE).
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers. The firm also provides property administration services regarding the administration, leasing, operation, and maintenance of real estate properties. Kimco Realty Corporation was formed in 1966 and is based in New Hyde Park, New York with additional office all across North America.
Tenet Healthcare Corp (NYSE:THC), ended its Tuesday’s trading session with 1.83% gain, and closed at $57.91.
Tenet Healthcare Corporation (THC) has accomplished its formerly declared joint venture transaction with Welsh, Carson, Anderson & Stowe that combines the short-stay surgery and imaging center assets of Tenet and United Surgical Partners International (“USPI”) to create the leading U.S. short-stay surgery platform.
As contemplated in the original agreement declared on March 23, 2015, Tenet contributed its interest in 49 ambulatory surgery centers and 20 imaging centers to the joint venture and refinanced about $1.5 billion of existing USPI debt, which will be allocated to the joint venture through an intercompany loan. Tenet also made an about $404 million payment to pre-existing USPI shareholders to align the respective valuations of the assets contributed to the joint venture. Tenet owns 50.1% of the new USPI and will consolidate USPI’s financial results. Welsh Carson and the other existing shareholders in USPI own the remaining 49.9%. A pre-determined put-call structure provides a path to full ownership of USPI by Tenet over the next five years. Bill Wilcox will continue to lead USPI as chief executive officer and Brett Brodnax, president and chief development officer of USPI, will lead the company’s strategy and growth efforts. Kyle Burtnett, senior vice president for outpatient services at Tenet, will join USPI as president of ambulatory services and take on the additional role of chief integration officer for the new venture.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
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