During Tuesday’s afternoon trade, Shares of Santander Consumer USA Holdings Inc (NYSE:SC), lost -0.08% to $23.98.
Santander Consumer USA Holdings Inc (SC) declared a broad reorganization of its Board of Directors, counting the appointment of four new independent SHUSA directors and the creation of the position of Lead Independent Director.
The new independent SHUSA directors will be Alan Fishman, Chairman of Ladder Capital; Thomas S. Johnson, former Chairman and CEO of GreenPoint Capital; Catherine Keating, CEO of Commonfund; and Richard Spillenkothen, former head of banking supervision at the Federal Reserve Board and former director of Deloitte & Touche LLP.
The new independent SHUSA directors will be Alan Fishman, Chairman of Ladder Capital; Thomas S. Johnson, former Chairman and CEO of GreenPoint Capital; Catherine Keating, CEO of Commonfund; and Richard Spillenkothen, former head of banking supervision at the Federal Reserve Board and former director of Deloitte & Touche LLP.
Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and unsecured consumer lending products in the United States. The company’s vehicle finance products and services comprise retail installment contracts, vehicle leases, and dealer loans.
Shares of Norfolk Southern Corp. (NYSE:NSC), inclined 0.81% to $87.16, during its afternoon trading session.
Norfolk Southern (NSC) in a ceremony at Washington, D.C.’s Union Station unveiled its latest commemorative locomotive, vibrant SD60E honoring emergency first responders. The locomotive – with insignia recognizing police, fire, and emergency services – will enter general revenue service on Norfolk Southern’s 22-state network.
he red, white, and gold locomotive – its paint scheme designed by NS’ Visual Communications team and painted at the company’s Juniata Locomotive Shop in Altoona, Pa. – features the Maltese Cross of fire services, the Emergency Medical Services’ “Star of Life,” and the Police shield. It also features the logo for Transportation Community Awareness and Emergency Response (TRANSCAER), a national outreach organization dedicated to providing education and resources to assist raise the level of emergency preparedness for the unlikely event of a rail incident. The locomotive sports “9-1-1,” the phone number to request emergency assistance, in addition to the Norfolk Southern OAR shield.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services. In addition, it provides bimodal truckload transportation services primarily utilizing RoadRailer trailers, a hybrid technology that facilitates over-the-road and on-the-rail transportation in the eastern United States, in addition to in Ontario and Quebec through a network of terminals.
Costco Wholesale Corporation (NASDAQ:COST), during its Tuesday’s afternoon trading session decreased -0.01% to $144.04.
Costco Wholesale Corporation (COST) reported net sales of $11.01 billion for the month of June, the five weeks ended July 5, 2015, an increase of one percent from $10.88 billion during the similar period last year. Both years’ five-week periods included 34 selling days in the U.S. and Canada, reflecting the observance of Independence and Canada Days. For the forty-four weeks ended July 5, 2015, the Company reported net sales of $96.32 billion, an increase of four percent from $92.88 billion during the similar period last year.
Costco Wholesale Corporation, together with its auxiliaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. It provides dry and institutionally packaged foods; snack foods, candy, tobacco, alcoholic and nonalcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, garden and patio, and office supplies; meat, bakery, deli, and produce; and apparel, small appliances, and home furnishings.
Finally, Energy Transfer Equity LP (NYSE:ETE), decreased -0.32%, to $65.36.
Energy Transfer Equity, L.P. (ETE) stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) (“Williams” or “WMB”) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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