On Wednesday, Shares of Wells Fargo & Co (NYSE:WFC), gained 0.38% to $57.67.
Wells Fargo & Company declared that it has entered into a contract to offer Financial Engines’ (FNGN) suite of institutional retirement planning solutions to companies with 401(k) plans recordkept by Wells Fargo. As the nation’s largest independent registered investment advisor1, Financial Engines is the leader in providing high-quality advisory services to retirement plan participants. Wells Fargo anticipates a release date of mid-2016, at which time retirement plan sponsors on the Wells Fargo recordkeeping platform can elect to add this expanded offering to their retirement benefit plans to assist participants make the most out of their retirement savings.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Solar3D Inc (NASDAQ:SLTD), inclined 11.38% to $4.21, during its last trading session.
Solar3D, declared that its operating division SUNworks has secured a $3.52 million contract to design and install a photovoltaic system for Rivermaid Trading Company.
For over 80 years, Lodi-based Rivermaid Trading Company has offered expertise in agriculture, operations, consumer marketing, logistics and more. Led by CEO Patrick Arichibeque, the organization is responsible for 50% of California’s pear volume alone, and is also a top five shipper in the California cherry industry. Rivermaid is committed to sustainability, with a long-term approach to caring for the land, environment resources and community within their region.
Solar3D, Inc. provides photo voltaic based power systems for the residential, commercial, and agricultural markets in the United States. It also designs, finances, integrates, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.
Finally, Newell Rubbermaid Inc. (NYSE:NWL), ended its last trade with 0.34% gain, and closed at $44.01.
Newell Rubbermaid, declared its second quarter 2015 financial results.
“We have posted a strong set of second quarter results with core sales growth of 5.1 percent and normalized earnings per share growth of 8.5 percent, despite unprecedented foreign exchange pressure on earnings,” said Michael Polk, President and Chief Executive Officer. “Core sales grew in all five of our segments and in all four geographic regions. Our Win Bigger businesses grew 6.5 percent, led by our global Writing business which grew core sales over ten percent. Momentum continued to build in our Baby & Parenting business, which also had a strong quarter with core growth of 6.0 percent. We are driving accelerated growth and earnings performance as a result of strengthened innovation, raised investment in brands, aggressive cost programs and excellent commercial execution.
Second Quarter 2015 Operating Results
Net sales in the second quarter were $1.56 billion contrast with $1.50 billion in the preceding year. Core sales grew 5.1 percent, not taking into account a 480 basis point net contribution from acquisitions and planned divestitures and a 600 basis point negative impact from foreign currency.
Stated gross margin was 39.8 percent, a 20 basis point improvement as compared to preceding year.
Normalized gross margin improved 10 basis points to 40.0 percent, as benefits from productivity and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.
Second quarter stated operating margin was 13.8 percent and operating income was $214.7 million, contrast with 14.2 percent and $213.3 million, respectively, in the preceding year.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting.
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