On Tuesday, in the course of current trade, Shares of Goldman Sachs Group Inc (NYSE:GS), climbed 0.12%, and is now trading at $209.98.
Goldman Sachs Group, declared that it will discontinue, effective right away, any further issuances of its GS Connect S&P GSCI Improved Commodity Total Return Strategy Index ETN due 2037 (NYSE Arca:GSC), part of its Medium-Term Notes, Series B. The ETN holders’ option to require The Goldman Sachs Group, Inc. to repurchase the ETNs on a weekly redemption date (subject to the terms and conditions set forth in the prospectus, as amended or supplemented from time to time, regarding the ETN) will not be affected by this discontinuation of new issuances.
Investors should be aware that the discontinuation of additional issuance may cause an imbalance of supply and demand in the secondary market for the ETN, which may cause the ETN to trade at a premium or discount in relation to its intraday indicative value. Paying a premium purchase price over the intraday indicative value of the ETN could lead to a loss on the investment even if the index to which the ETN is linked enhances in value. In addition, if investors elect to redeem their ETN, any redemption would be at the redemption value and would not comprise any premium above that value.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment administration company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Administration.
During an Afternoon trade, Shares of Royal Dutch Shell plc (ADR) (NYSE:RDS.B), climbed 0.06%, and is now trading at $ 58.38.
Royal Dutch Shell plc, declared the following changes to the membership of its Board Committees:
AUDIT COMMITTEE
Euleen Goh, a Non-executive Director, has been designated Chairman of the Audit Committee in succession to Guy Elliott with effect from January 1, 2016. Mr Elliott to continue as a member of the Committee.
CORPORATE AND SOCIAL REPONSIBILITY COMMITTEE
Hans Wijers, Deputy Chairman and Senior Independent Director, has been designated Chairman of the Corporate and Responsibility Committee in succession to Charles O. Holliday with effect from May 20, 2015.
NOMINATION AND SUCCESSION COMMITTEE
Charles O. Holliday has been designated Chairman of the Nomination and Succession Committee following his appointment as Chairman of the Board.
REMUNERATION COMMITTEE
Patricia A. Woertz, a Non-executive Director, has been designated a member of the Remuneration Committee in succession to Charles O. Holliday with effect from May 20, 2015.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also converts natural gas to liquids to provide fuels and other products; markets and trades natural gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
Shares of ONEOK, Inc. (NYSE:OKE), during its Tuesday’s current trading session raised 0.11%, and is now trading at $39.50.
ONE Gas, held its first Annual Meeting of Shareholders recently, May 21, 2015, at company headquarters in Tulsa, Okla.
ONE Gas President and Chief Executive Officer, Pierce H. Norton II, discussed the accomplishments and highlights of 2014 – the company’s first year as an independent company. Norton also took time to thank the board of directors, the company’s 3,300 employees and its retirees.
Norton shared that ONE Gas’ focus on safety, investing in system integrity, customer service, and operating efficiently and responsibly were driving factors for the strong results delivered to shareholders in 2014.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
Finally, Iron Mountain Inc (NYSE:IRM), lost -1.38% Tuesday, hitting its highest level.
Iron Mountain, declared that Ellen Hall, formerly of Prologis, has joined the company as its Global Head of Real Estate Investment. Hall will report directly to Iron Mountain’s Chief Financial Officer Rod Day.
In this newly created role, Hall will be responsible for refining and executing an optimal global real estate investment and portfolio strategy, thereby enhancing Iron Mountain’s position within the real estate investment trust (REIT) community. Working in close partnership with Iron Mountain’s corporate real estate team responsible for leasing, project delivery and facility administration for the global real estate portfolio, the Investment Leader will provide input and guidance to drive a strategy to deliver growth, drive value, support enterprise financial performance, and capitalize on the Company’s REIT status.
Iron Mountain Incorporated, together with its auxiliaries, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, and International Business segments.
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