On Tuesday, Shares of JD.Com Inc (NASDAQ:JD), lost -2.60% to $26.62.
Tuniu Corporation declared that it officially started operating JD.com’s (JD) leisure travel channel for both its website and mobile apps on August 18.
“We are delighted to become the exclusive operator of JD.com’s Leisure Travel Channel for the next five years. This partnership will introduce our leading product portfolio to JD.com’s extensive customer base, which will boost our traffic and enhance our new customer acquisition capabilities,” said Mr. Donald Yu, Tuniu’s co-founder and Chief Executive Officer.
In May 2015, Tuniu and JD.com reached a planned partnership in which JD.com became the largest shareholder of Tuniu after purchasing $350 million newly issued Class A ordinary shares. Following the investment, Tuniu will be the exclusive operator of JD.com’s leisure travel channel commission free for five years and JD.com’s preferred partner for hotel and air ticket bookings. The leisure travel services that Tuniu will operate on JD.com comprise packaged tours, cruise line products, tourist attraction tickets, visa processing services, train tickets and car rental services.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Shares of Scorpio Bulkers Inc (NYSE:SALT), declined -0.57% to $1.75, during its last trading session.
Scorpio Bulkers stated its results for the three and six months ended June 30, 2015 and 2014.
Results for the three and six months ended June 30, 2015 and 2014
For the three months ended June 30, 2015, the Company’s adjusted net loss was $16.6 million, or $0.09 basic and diluted loss per share, which excludes (i) a write down on assets held for sale of $119.6 million and (ii) the $2.4 million write off of a portion of the deferred financing costs of two credit facilities, or $0.62 loss per share. For the three months ended June 30, 2015, the Company had a net loss of $138.6 million, or $0.71 basic and diluted loss per share. This loss comprises the write down on assets held for sale of $119.6 million, a write off of $2.4 million of a portion of deferred financing costs accumulated on two credit facilities for which the commitments were reduced following the removal from the facilities of certain vessels that have been classified as held for sale, and the noncash amortization of stock-based compensation of $6.1 million.
For the three months ended June 30, 2014, the Company had a net loss of $15.0 million, or $0.11 basic and diluted loss per share. This loss comprises the noncash amortization of stock-based compensation of $6.2 million.
Scorpio Bulkers Inc., together with its auxiliaries, engages in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes.
Finally, WestRock Co (NYSE:WRK), ended its last trade with -0.28% loss, and closed at $63.16.
WestRock Company declared that D. Michael Wilson will be the chief executive officer of the company’s specialty chemicals business that is predictable to become a publicly traded company, Ingevity, early next year as a result of a spin-off from WestRock. He will join the company on September 1, 2015.
“Michael Wilson brings breadth and depth of specialty chemicals experience to Ingevity,” said Steve Voorhees, chief executive officer of WestRock. “His exceptional leadership skills and outstanding track record of delivering results will serve Ingevity and its stockholders well.”
Michael comes to Ingevity from Albemarle Corporation where he most recently served as executive vice president leading Albemarle’s Performance Chemicals business. Preceding to that, Michael led Albemarle’s Catalyst Solutions business and held a variety of business unit leadership roles at FMC, Wausau Papers and Rexam. He holds a bachelor of science degree in chemistry from the University of North Carolina and a master of business administration from the Kenan-Flagler Business School at the University of North Carolina.
WestRock Company manufactures and sells paper and packaging solutions for consumer and corrugated markets in North America, South America, Europe, and the Asia-Pacific. It offers folding cartons for use in various food and non-food applications; superior pumps, sprayers, and dispensing closures for home cleaning, healthcare, and beauty and personal care products; and corrugated containers for home appliances, electric motors, small machinery, produce, books, furniture, and other products.
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