During Friday’s Afternoon trade, Shares of Wells Fargo & Co (NYSE:WFC), lost -0.68% to $57.30.
Wells Fargo & Company (WFC) declared that Hope Hardison, who leads Human Resources for the company, will become Chief Administrative Officer, effective Aug. 31, 2015. She will succeed Pat Callahan, a 38-year veteran of the company who has decided to retire after a long, successful career at Wells Fargo.
Callahan, who has been Chief Administrative Officer since 2011, led the integration of Wells Fargo and Wachovia in the largest U.S. bank merger in history. Among her many key leadership positions, Callahan headed Compliance and Enterprise Risk Administration and started the Corporate Social Responsibility function in 2008. She also has led Human Resources and Wholesale Banking Systems.
“Pat is a tremendous leader who exemplifies our values and our vision of assisting customers succeed financially,” said CEO John Stumpf. “She leaves an indelible mark on our company. Of her many accomplishments, how she has conducted herself as a leader, and guided others, will be one of her most important legacies.”
“It has been a privilege to be part of Wells Fargo for almost four decades and experience our company’s growth through our focus on customers and assisting them achieve financial success,” Callahan said. “I am grateful to my colleagues who have contributed to a wonderful journey.”
“Hope has done an outstanding job leading our HR team and has deep passion for Wells Fargo’s culture, brand and reputation,” Stumpf said. “She is known throughout Wells Fargo for her strong leadership and commitment to team members and brings extensive experience and continuity to the role.”
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of American Airlines Group Inc (NASDAQ:AAL), inclined 4.36% to $41.72, during its afternoon trading session.
American Airlines and Qantas Airways plan to significantly expand their joint business by adding new service between the U.S. and Australia. New routes between Los Angeles International Airport (LAX) and Sydney Airport (SYD), operated by American Airlines, and between San Francisco International Airport (SFO) and SYD, operated by Qantas, will provide customers with expanded options when traveling between the two regions.
Through this improved alliance, American will start operating a daily, nonstop flight between LAX and SYD on Dec. 17, 2015, further strengthening its global network and its world-class LAX hub. Starting Dec. 20, 2015 Qantas will start operating service between SYD and SFO, expanding the airlines’ joint network to another key market for business and leisure customers. Services will initially operate on peak days and ramp up to six times per week in January 2016. Pending regulatory approvals, this expansion represents the natural evolution of the partnership between American and Qantas, with revenue-sharing and other agreements that provide the airlines with a platform for closer commercial ties and an even more seamless customer experience on routes between North America and Australia/New Zealand. The closer and more integrated relationship also provides opportunities for future growth into trans-Pacific markets not presently served by either airline, such as New Zealand.
“Qantas has been a fantastic partner through oneworld and our joint business relationship, and strengthening those ties has offered us with a solid foundation to introduce American-operated flights into the Australian region,” said Doug Parker, chairman and CEO of American Airlines. “Our customers have asked us to expand to important business destinations across the Pacific, and flying our flagship aircraft, the Boeing 777-300ER, to Sydney will provide another world-class travel experience from our key gateway at LAX.”
“For over 20 years, we’ve worked in partnership with American to give our customers the best network on both sides of the Pacific,” said Alan Joyce, CEO of Qantas Group. “We are excited to take the alliance to a new level and expand our services to new destinations counting San Francisco – Australia’s biggest unserved direct corporate destination. We are seeing strong growth in numbers of visitors to Australia and look forward to carrying more travellers from the U.S. across our extensive domestic and international network in the South Pacific.”
American’s new service between Los Angeles and Sydney will be operated with the state-of-the-art, three-class Boeing 777-300ER. The aircraft features all-aisle access, fully lie-flat seats and a walk-up bar in the premium cabins; Main Cabin Extra seating provides more legroom; and all seats feature personal, in-seat entertainment screens with up to 250 movies, over 180 TV programs and more than 350 audio selections, international Wi-Fi capability and universal AC power outlets and USB ports.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013.
Finally, Tripadvisor Inc (NASDAQ:TRIP), gained 0.18%, and is now trading at $90.83.
TripAdvisor (TRIP) and Marriott International, Inc. (MAR) declared they are expanding their partnership and will add Marriott’s global hotel portfolio to the TripAdvisor Instant Booking platform. Starting later this summer, travelers shopping for hotel rooms on TripAdvisor will be able to conveniently make a booking at any of Marriott’s more than 4,200 hotels around the world without leaving the TripAdvisor site experience.
The agreement also signifies a planned partnership between Marriott and TripAdvisor to introduce new customers to Marriott’s broad portfolio of 19 industry-leading brands.
“TripAdvisor is a perfect partner for Marriott, both plannedally and culturally,” said Arne Sorenson, CEO and president of Marriott International, Inc. “Our new agreement demonstrates how the growth strategies for our two companies are aligned in the travel space.”
“TripAdvisor has created a new distribution model that changes the game in the travel industry by addressing key concerns of hotel suppliers,” said Shafiq Khan, senior vice president, channel strategy and distribution of Marriott International, Inc. “The result is mutually beneficial to both partners from a planned and economic standpoint. Marriott’s partnership with TripAdvisor will make it easy for consumers to book with our hotels, and allows Marriott to build a direct relationship with these guests even before arrival. The agreement also maintains our ability to control where the rates and inventory for Marriott’s hotels are displayed. Our partnership will continue to enable us to offer the best benefits, such as Marriott Rewards and Ritz-Carlton Rewards points to our customers who choose to book directly on our channels, counting Marriott.com.”
TripAdvisor first launched its Instant Booking platform to U.S. consumers in June 2014, with a gradual roll out to other international markets predictable over time. The platform provides a more efficient hotel booking experience for travelers.
“We are excited to deepen our planned partnership with Marriott International, an innovative hospitality leader,” said Stephen Kaufer, president and CEO of TripAdvisor. “We welcome Marriott to the Instant Booking platform, which provides travelers with a new, simplified booking functionality and an opportunity for Marriott to expand its relationship with guests before, during and after the trip.”
TripAdvisor, Inc. operates as an online travel company. The company operates through two segments, Hotel and Other. Its travel research platform aggregates reviews and opinions about accommodations, destinations, activities and attractions, and restaurants that enable consumers to plan and book hotels, vacation rentals, flights, activities and attractions, and restaurants.
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.
