On Tuesday, Host Hotels and Resorts Inc (NYSE:HST)’s shares declined -2.29% to $17.27.
Host Hotels & Resorts, Inc. (HST) declared that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, is notifying holders of its outstanding 2.50% Exchangeable Senior Debentures due 2029 (CUSIP No. 44107TAG1) (the “Debentures”) that the holders have an option, following the terms of the Debentures, to require Host Hotels & Resorts, L.P. to purchase, on October 15, 2015, all or a portion of such holders’ Debentures (the “Put Option”) at a price equal to 100% of the aggregate principal amount of the Debentures.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels. It was formerly known as Host Marriott Corporation. Host Hotels & Resorts, Inc. was founded in 1927 and is based in Bethesda, Maryland.
Staples, Inc. (NASDAQ:SPLS)’s shares dropped -0.22% to $13.70.
Staples, Inc. (SPLS) declared that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on October 15, 2015, to shareholders of record on September 25, 2015.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
At the end of Tuesday’s trade, United Parcel Service, Inc. (NYSE:UPS)‘s shares surged 3.63% to $100.53.
UPS(R) (UPS) declared that it anticipates to hire between 90,000 and 95,000 seasonal employees to support the anticipated enhance in package volume that will start in November and continue through January 2016.
The full- and part-time seasonal positions - primarily package handlers, drivers and driver-assisters - have long been an entry point for permanent employment at UPS. Many senior UPS executives, counting CEO David Abney and three other members of the company’s Administration Committee, started their UPS careers as part-time employees.
Permanent UPS jobs - counting part-time jobs — come with excellent pay and benefits, counting healthcare and retirement benefits. At most UPS locations, part-time employees in college are eligible to receive up to $25,000 in tuition assistance through the company’s Earn and Learn program.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
Phillips 66 (NYSE:PSX), ended its Tuesday ‘s trading session with 1.28% gain, and closed at $79.21.
Phillips 66 (PSX) and Spectra Energy (SE), 50/50 joint venture owners in DCP Midstream, LLC, have reached a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is predictable to provide DCP Midstream with a stronger balance sheet and raised financial flexibility, and positions DCP to grow through commodity price cycles.
Spectra Energy has agreed to contribute its ownership interest in both the Sand Hills and Southern Hills NGL pipelines. Phillips 66 has agreed to contribute $1.5 billion in cash, which is predictable to be used to pay down a portion of the DCP Midstream revolving credit facility. The transaction, anticipated to close in the fourth quarter of this year, is subject to the parties entering into a definitive agreement and customary consents, counting approval by Spectra Energy Partners’ board of directors and regulatory approvals.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
