On Thursday, Shares of Bank of America Corporation (NYSE:BAC), gained 0.57% to $17.62.
Bank of America Corporation declared that it will hold a special meeting of shareholders on September 22 to vote on a proposal to ratify the board of directors’ October 2014 amendments to the company’s bylaws. Those amendments authorized the board to determine its leadership structure, counting appointing an independent chairman, or appointing a lead independent director when the chairman is not an independent director.
The board formerly informed stockholders that such a vote would be held no later than the company’s 2016 annual meeting of stockholders.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Shares of Kinder Morgan, Inc. (NYSE:KMI), declined -2.10% to $33.14, during its last trading session.
Kinder Morgan declared it has begun to receive Powder River Basin volumes into its Double H pipeline system via a newly constructed connection near Douglas, Wyoming, for crude oil deliveries to Guernsey, Wyoming, increasing its system capacity to about 99,000 barrels per day (bpd). The Powder River Basin project is the result of the successful open season held earlier this year on the local Double H pipeline and the joint Hiland/Pony Express systems which resulted in additional commitments to the Double H pipeline from sources in North Dakota and Wyoming.
Kinder Morgan’s Double H pipeline is supplied by the Market Center Gathering system in the Bakken and terminates near Guernsey. The 485-mile pipeline transports crude oil from the Dore Terminal in North Dakota and the Albin Terminal in Montana to Guernsey. At Guernsey, Double H anticipates placing delivery connections to the Plains All American Pipeline, Guernsey Station and Sinclair Guernsey Terminal into service in the third quarter of 2015 to provide raised connectivity to local and regional markets. Shippers also have access via an interconnect with the Pony Express Pipeline for transportation to the Phillips 66 Refinery in Ponca City, Oklahoma, or the Deeprock Terminal in Cushing, Oklahoma. Double H was placed in service in February 2015.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Finally, The Gap, Inc. (NYSE:GPS), ended its last trade with -2.42% loss, and closed at $34.25, hitting its lowest level.
The Gap declared that its Board of Directors authorized a quarterly dividend of $0.23 per share payable on or after October 28, 2015 to shareholders of record at the close of business on October 7, 2015.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
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