During Wednesday’s current trade, Con-way Inc (NYSE:CNW)’s shares decline -1.79% to $39.58.
Con-way Inc. (CNW) declared that Joseph M. (Joe) Dagnese has been named president of Con-way Freight, the company’s regional and national less-than truckload (LTL) partner and largest operating unit.
Dagnese assumes his new position right away, succeeding W. Gregory Lehmkuhl, who resigned as president of Con-way Freight to pursue an opportunity as chief executive officer of a private equity-owned company.
Dagnese, a 32-year veteran of the transportation and logistics industry, moves into the top leadership role at Con-way Freight from Con-way Truckload, where he served as its president.
Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload.
Regency Centers Corp (NYSE:REG)‘s shares drop -0.47% to $61.14, during the current trading session Wednesday’s, hitting its highest level.
Regency Centers Corporation (REG) declared that its Board of Directors declared a quarterly cash dividend of $0.41406 per share on the Company’s Series 6 Preferred Stock (CUSIP: 758849707; NYSE: REGPrF), payable on June 30, 2015 to shareholders of record on June 16, 2015.
The Company also declared that its Board of Directors declared a quarterly cash dividend of $0.3750 per share on the Company’s Series 7 Preferred Stock (CUSIP: 758849806; NYSE: REGPrG), payable on June 30, 2015 to shareholders of record on June 16, 2015.
Regency Centers Corporation operates as a real estate investment trust. The company, through its auxiliaries, owns, operates, and develops community and neighborhood shopping centers that are tenanted by grocers, category-leading anchors, specialty retailers, and restaurants. As of December 31, 2006, it owned 218 retail shopping centers located in 22 states and held partial interests in 187 retail shopping centers through joint ventures located in 24 states and the District of Columbia.
In an afternoon trade, Box Inc (NYSE:BOX)‘s shares surge 1.23% to $18.15.
Box, Inc. (BOX) declared a deep integration with Microsoft Office Online that will transform partnership for joint customers. Recently’s update extends the reach of Box’s powerful integrations with Office 365 for the desktop, Office on iOS and Outlook, and demonstrates Box’s commitment to the Office 365 Cloud Storage Partner Program.
The Box integration with Office Online will enable users to easily browse, open and edit Office Online files directly from Box, in addition to automatically save all changes made in Office Online back to Box in real-time. Together, these enhancements eliminate the need to upload or download files or move back-and-forth between applications, simplifying workflows and mitigating the security risks that come with locally stored content.
Box, Inc. provides a cloud-based enterprise content partnership platform that enables organizations of various sizes to access, store, share, and manage their content/information. Its solutions comprise FTP alternative to keep content organized, share files, and manage content access; document administration; an executive boardroom for simplified meeting administration, security and control, and secure mobile access; project administration; a virtual data room; marketing asset administration; a sales portal; secure enterprise mobility; and business applications for enterprise-readiness.
Tenet Healthcare Corp (NYSE:THC), during its Wednesday’s current trading session -0.47% loss and closed at $51.18.
Tenet Healthcare Corporation (THC) has accomplished its formerly declared joint venture transaction with Welsh, Carson, Anderson & Stowe that combines the short-stay surgery and imaging center assets of Tenet and United Surgical Partners International (“USPI”) to create the leading U.S. short-stay surgery platform.
As contemplated in the original agreement declared on March 23, 2015, Tenet contributed its interest in 49 ambulatory surgery centers and 20 imaging centers to the joint venture and refinanced about $1.5 billion of existing USPI debt, which will be allocated to the joint venture through an intercompany loan. Tenet also made an about $404 million payment to pre-existing USPI shareholders to align the respective valuations of the assets contributed to the joint venture. Tenet owns 50.1% of the new USPI and will consolidate USPI’s financial results. Welsh Carson and the other existing shareholders in USPI own the remaining 49.9%. A pre-determined put-call structure provides a path to full ownership of USPI by Tenet over the next five years. Bill Wilcox will continue to lead USPI as chief executive officer and Brett Brodnax, president and chief development officer of USPI, will lead the company’s strategy and growth efforts. Kyle Burtnett, senior vice president for outpatient services at Tenet, will join USPI as president of ambulatory services and take on the additional role of chief integration officer for the new venture.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
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