On Tuesday, in the course of current trade, Shares of Rite Aid Corporation (NYSE:RAD), climbed 2.27%, and is now trading at $ 9.04.
Rite Aid Corporation, has declared that Ken Martindale, who is presently president and chief operating officer, has been promoted to the newly created position of CEO of Rite Aid stores, effective right away. Martindale, 55, will continue to report to John Standley, Rite Aid’s chairman and CEO, and will retain his role as president of Rite Aid Corporation.
“Ken is a proven leader who, since joining our company in 2008, has played an instrumental role in driving Rite Aid’s improved business performance,” Standley said. “We look forward to further leveraging Ken’s strong leadership skills and broad understanding of Rite Aid’s business to assist us continue our momentum and successfully grow our business.”
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
During an Afternoon trade, Shares of NiSource Inc. (NYSE:NI), dipped -1.23%, and is now trading at $16.86.
NiSource, declared net operating earnings per share – controlling interest (non-GAAP) of $56.8 million, or $0.18 per share, for the three months ended June 30, 2015, contrast with $77.9 million, or $0.25 per share for the same period in 2014. Operating earnings (non-GAAP) for the second quarter were $212.1 million, contrast to $219.1 million in the preceding period.
Second quarter net operating earnings – controlling interest (non-GAAP) were lower primarily due to additional interest expense related to Columbia Pipeline Group’s (CPG) long-term debt issuance preceding to its separation from NiSource and the impact of non-controlling interest in Columbia Pipeline Partners, which was formed in February 2015.
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. The company offers natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services.
Finally, General Growth Properties Inc (NYSE:GGP), lost -0.68% Tuesday.
General Growth Properties, stated results for the three and six months ended June 30, 2015.
Financial Results
For the Three Months Ended June 30, 2015
Comparable net operating income (Same Store NOI) raised 3.6% to $543 million from $524 million in the preceding year period.
Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) raised 4.9% to $508 million from $485 million in the preceding year period.
Company funds from operations (Company FFO) per share raised 5.5% to $0.33 per diluted share from $0.31 per diluted share in the preceding year period. Company FFO raised 7.1% to $319 million from $298 million in the preceding year period.
Net income attributable to common stockholders, which is influenced primarily by depreciation expense and unmerged real estate associates - gain on investment was $418 million, or $0.44 per diluted share, as contrast to net income of $170 million, or $0.18 per diluted share, in the preceding year period.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
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