On Thursday, Shares of Rite Aid Corporation (NYSE:RAD), lost -2.15% to $9.12.
RediClinic declared donations totaling $40,000 to eight YMCAs serving the greater Baltimore/Washington D.C., Philadelphia and Seattle areas. RediClinic, which opened convenient care clinics inside select Rite Aid pharmacies in each market earlier this year, is making the donation as part of its continued commitment to the health and well-being of the communities they serve.
Each YMCA will use the donation to support various programs that will benefit the health and wellbeing of children in its communities throughout the year. RediClinic will present each of the eight YMCAs with a check for $5,000 during a series of special in-store events this week.
In the greater Baltimore area, RediClinic will donate $5,000 to YMCA of Central Maryland; in Philadelphia, Central Bucks Family YMCA, Community YMCA of Eastern Delaware County, Lower Bucks Family YMCA and Philadelphia Freedom Valley YMCA; in greater Seattle, YMCA of Greater Seattle and YMCA of Snohomish County; and in Washington D.C., YMCA of Metropolitan Washington.
RediClinics are staffed by board certified clinicians, who are trained and licensed to treat common conditions. These clinicians work in partnership with local physicians who are associated with leading healthcare systems. Patients can be treated for more than 30 common medical conditions, and RediClinic clinicians are able to write prescriptions when appropriate.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of Summit Materials, Inc. (NYSE:SUM), declined -1.08% to $25.75, during its last trading session.
Summit Materials, declared the pricing of the formerly declared offering of 19,500,000 shares of its Class A common stock at a price to the public of $25.75 per share. The offering was upsized from 17,500,000 shares to 19,500,000 shares. Summit has granted the underwriters a 30-day option to purchase up to an additional 2,925,000 shares of Class A common stock. The offering is predictable to close on August 11, 2015, subject to customary closing conditions.
Summit intends to use all of the net proceeds from the offering to purchase for cash 3,750,000 newly-issued limited partnership units, or LP Units, from Summit Materials Holdings L.P. (“Summit Holdings”), its direct partner, and 15,750,000 outstanding LP Units from certain pre-IPO owners, counting associates of The Blackstone Group L.P. and certain of the Company’s directors and officers. Summit Holdings intends to use the proceeds it receives to pay all or a portion of the deferred purchase price of the Company’s recent acquisition of a cement plant in Davenport, Iowa and seven cement distribution terminals situated along the Mississippi River.
Summit Materials, Inc., through its auxiliaries, produces and sells heavy-side construction materials and related downstream products. Its products comprise crushed stone, construction sand and gravel, cement and ready-mixed concrete, asphalt paving mixes, and limestone and concrete products.
Finally, XPO Logistics, Inc. (NYSE:XPO), ended its last trade with -4.64% loss, and closed at $42.32.
XPO Logistics declared financial results for the second quarter of 2015, counting 22 days of financial performance from the operations of Norbert Dentressangle SA. Total gross revenue raised 109.3% year-over-year to $1.2 billion, and net revenue raised 317.2% to $508.6 million.
On a GAAP basis, the company stated a net loss of $78.8 million for the quarter, contrast with a net loss of $13.8 million for the same period in 2014. The net loss accessible to common shareholders was $75.1 million, or a loss of $0.89 per diluted share, contrast with a net loss accessible to common shareholders of $14.5 million, or a loss of $0.28 per diluted share, for the same period in 2014.
On an adjusted basis, the net loss accessible to common shareholders, a non-GAAP measure, was $13.6 million, or a loss of $0.16 per share for the quarter, not taking into account the items detailed below. This compares with an adjusted net loss accessible to common shareholders of $11.6 million, or a loss of $0.22 per share, for the second quarter of 2014.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high priority freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
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