On Wednesday, Shares of Macy’s, Inc. (NYSE:M), lost -0.45% to $62.39.
This Thanksgiving will be positively pre-historic as the legendary Sinclair Oil “Dino” returns to the 89th Macy’s (NYSE:M) Thanksgiving Day Parade. On Thursday, Nov. 26, Sinclair Oil Corporation’s magnificent mascot will be transformed into a 77-foot long balloon giant, ready to take flight in front of more than 3.5 million spectators and a television audience of more than 50 million viewers.
“We are delighted that our iconic Sinclair Dinosaur is returning to New York City and participating in the world-renowned Macy’s Thanksgiving Day Parade. With our forthcoming centennial anniversary, we feel extremely fortunate to have such a timeless brand symbol that is loved by so many Americans of all ages,” said Ross Matthews, chairman and CEO of Sinclair Oil Corporation.
Sinclair Oil’s Dino first appeared as a 70-foot long giant balloon in the 1963 Macy’s Parade, quickly becoming a fan favorite. He flew in the annual spectacle until 1976. The original balloon was so popular that it became an Honorary Member of the Museum of Natural History in 1975. Since his last appearance, Dino has grown up a bit, with the newest version set to debut this November, measuring 77-feet long.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
Shares of Arch Coal Inc (NYSE:ACI), inclined 55.10% to $2.28, during its last trading session.
Arch Coal, declared the extension of its (i) pending private offer to exchange new 6.25% Trust Certificates due 2021 and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 and (ii) pending concurrent private offer to exchange Trust Certificates, 8.00% Senior Secured Notes due 2022 and 12.00% Senior Secured Second Lien Notes due 2023 for its outstanding 7.000% Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.250% Senior Notes due 2021.
The 2020 Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 14, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 28, 2015. The Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 14, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 28, 2015. Additionally, the Early Tender Time for the Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 14, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 28, 2015. The Withdrawal Deadline for the Exchange Offers has passed, so 2020 Notes tendered in the 2020 Exchange Offer and Old Notes tendered in the Concurrent Exchange Offer may no longer be withdrawn.
As of 5:00 p.m. New York City time on August 14, 2015, about $421 million aggregate principal amount of 2020 Notes have been validly tendered following the 2020 Exchange Offer, and about $489 million aggregate principal amount of Old 7.000% 2019 Notes, $173 million aggregate principal amount of Old 9.875% 2019 Notes and $401 million aggregate principal amount of Old 7.250% 2021 Notes have been validly tendered following the Concurrent Exchange Offer.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Finally, Arcos Dorados Holding Inc (NYSE:ARCO), ended its last trade with 0.27% gain, and closed at $3.75.
Arcos Dorados, declared the appointment of Sergio Alonso, 52, as its new Chief Executive Officer, effective October 1. Mr. Alonso succeeds Chairman and Chief Executive Officer Woods Staton, 65, who will remain as Executive Chairman.
“Sergio has been a part of the McDonald’s system for nearly 30 years and has developed a track record of achieving operational and financial improvements that are at the core of our Company’s long-term strategy to create shareholder value. We have been colleagues in building Arcos Dorados and with his strong leadership, I am confident that we will continue to capitalize on the noteworthy opportunities for the McDonald’s brand in Latin America,” said Woods Staton.
Preceding to his promotion, Mr. Alonso was Arcos Dorados’ Chief Operating Officer, a position he assumed in 2007, when Arcos Dorados became the world’s largest McDonald’s franchisee, operating in 20 countries. Since that time, Arcos Dorados doubled its sales and grew its restaurant base by 30% to more than 2,100 restaurants in Latin America and the Caribbean. An practiced veteran, he began his career at McDonald’s in 1987 as Accounting Manager and subsequently moved to the operations area, eventually being promoted to Vice President of Operations in Argentina. Mr. Alonso has served both Arcos Dorados and McDonald’s Corporation in key leadership roles, counting McDonald’s Divisional President in Brazil. He is a Certified Public Accountant from the Universidad de Buenos Aires in 1986.
Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The Company, through its wholly owned and majority owned auxiliaries, operates and franchises McDonald’s restaurants in the food service industry.
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