During Friday’s Morning trade, Shares of Southwest Airlines Co (NYSE:LUV), lost -1.20% to $43.00.
Southwest Airlines (LUV) and Points (PTS.TO) (PCOM), the global leader in loyalty currency administration, celebrate the launch of a donation program that allows Southwest Rapid Rewards Members to donate their unused points to featured charities and nonprofit organizations.
The new website donation system was developed on the Points Loyalty Commerce Platform by Vigorate Digital Solutions, one of North America’s leading digital marketing companies, and gives Rapid Rewards Members the ability to support featured charities year-round. Rapid Rewards points donated under this program can be used by the participating charities to support their extensive travel needs.
“Southwest Rapid Rewards members are some of the airline industry’s most loyal Customers and we want all of our Members to get the most out of their loyalty points,” said Jonathan Clarkson, director, Rapid Rewards program and Partnerships at Southwest Airlines. “Introducing a program that provides more opportunities to use rewards is the perfect complement to our culture. These charities represent causes that are important to our company and our Members, and we’re excited to offer them the chance to give back just in time for the holidays.”
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Shares of Ascena Retail Group Inc (NASDAQ:ASNA), declined -0.82% to $9.69, during its current trading session.
ascena retail group, inc. (ASNA) (the “Company”) recently declared that its Board of Directors has authorized a $200 million stock repurchase program. Purchases made under this program are authorized to be made by the Company from time to time when market conditions warrant, subject to any approvals required under the Company’s existing loan documents. The program authorizes the purchase of ascena common stock through open market purchases and/or privately negotiated transactions, and is subject to applicable SEC rules. This program replaces the existing stock repurchase program amended in Fiscal 2011, which had a remaining authorization of about $90 million. This stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion.
David Jaffe, President and Chief Executive Officer commented, “This new authorization demonstrates our Board’s confidence in ascena’s operating model and predictable cash flows, and creates additional flexibility to enhance stockholder value. We remain focused on commitments we’ve made to the rating agencies and our debt holders to de-lever our balance sheet, and will act in an opportunistic manner with excess cash.”
Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of clothing, shoes, and accessories for missy, plus-size women, and tween girls in the United States, Canada, and Puerto Rico. The company operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines.
Finally, Williams Partners LP (NYSE:WPZ), lost -0.18%, and is now trading at $22.81.
Energy Transfer Equity, L.P. (ETE) (“ETE”) and The Williams Companies, Inc. (WMB) (“WMB” or “Williams”) declared that they have reached a contract (the “Timing Agreement”) with the staff of the Federal Trade Commission (“FTC”) in connection with Energy Transfer Corp LP’s projected acquisition of WMB. As formerly revealed in Energy Transfer Corp LP’s registration statement on Form S-4 filed on November 24, 2015 with the Securities and Exchange Commission, ETE and WMB received a request for additional information and documentary material (the “Second Requests”) from the FTC following the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). ETE and WMB are targeting compliance with the Second Requests in January 2016.
Under the terms of the Timing Agreement, ETE and WMB have agreed (1) not to consummate the projected acquisition before 60 days after substantial compliance with the Second Requests, and (2) not to consummate the projected acquisition before March 18, 2016. ETE and WMB continue to work cooperatively with the staff of the FTC as it conducts its review of the projected acquisition.
Completion of the projected transaction remains subject to regulatory review, counting the approval of the projected transaction by the Federal Energy Regulatory Commission. Completion of the projected transaction also remains subject to the approval of WMB stockholders and other customary closing conditions.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments.
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