On Thursday, Shares of eBay Inc. (NASDAQ:EBAY), gained 2.19% to $60.10.
eBay, which is in the process of separating eBay and PayPal to create two independent publicly traded companies, recently declared the directors who will serve on the boards of each standalone company following the separation. Each director was re-elected to the eBay Inc. Board at the 2015 Annual Meeting of Stockholders in May 2015.
As formerly declared, the new eBay Board will be chaired by current eBay Inc. director Thomas Tierney. Following the separation, the eBay Board of Directors will comprise of the following additional directors:
- Fred Anderson— Has served as a director of eBay since July 2003. Anderson has been a Managing Director of Elevation Partners, a private equity firm focused on the media and entertainment industry, since July 2004.
- Edward Barnholt— Has served as a director of eBay since April 2005. Barnholt served as President and Chief Executive Officer of Agilent Technologies, Inc., a measurement company, from May 1999 until his retirement in March 2005.
- Anthony Bates— Has served as a director of eBay since March 2015. Bates has served as President of GoPro, Inc. since June 2014.
- Bonnie Hammer— Has served as a director of eBay since January 2015. Hammer has been Chairman of NBCUniversal Cable Entertainment, a division of NBCUniversal, since November 2010.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of StemCells Inc. (NASDAQ:STEM), declined -1.61% to $0.61, during its last trading session.
StemCells, declared that Dr. Armin Curt, principal investigator, will present a summary of the safety and preliminary efficacy data from the Phase I/II study investigating Human Central Nervous System Stem Cell (HuCNS-SC) intramedullary transplantation in thoracic spinal cord injury. The summary will be presented recently at 10:15 a.m. EDT at the 4th Joint International Spinal Cord Society (ISCoS) and American Spinal Injury Association (ASIA) meeting being held in Montreal, Canada. The abstract was selected as one of the top six platform submissions for the conference.
StemCells, Inc., a biopharmaceutical company, researches, develops, and commercializes cell-based therapeutics and related technologies for stem cell-based research and drug discovery and development. It engages in clinical development of its platform technology, HuCNS-SC, a purified human neural stem cells used as a potential treatment for disorders of the central nervous system.
At the end of Thursday’s trade, Shares of FuelCell Energy Inc. (NASDAQ:FCEL), gained 1.61% to $1.26.
FuelCell Energy, declared the execution of a power purchase agreement (PPA) with the City of Riverside, California to install a 1.4 megawatt combined heat and power (CHP) Direct FuelCell(R) (DFC(R)) power plant at the Riverside Regional Water Quality Control Plant. The fuel cell power plant will convert biogas from the wastewater treatment process into a continuous supply of ultra-clean electricity to power the facility and two electric vehicle charging stations, in addition to provide thermal energy for the water treatment process. The City of Riverside is forecasting cost savings under the PPA, paying only for power produced and advancing their sustainability initiatives. FuelCell Energy will install, operate and maintain the plant under a long-term service agreement for a term of 20 years. The plant is predictable to be operational in 2016.
The City will reduce its power costs and avoids the need to directly invest in the power generation equipment by utilizing the PPA structure and retaining FuelCell Energy to operate and maintain the power plant. The City found that retrofitting existing internal combustion biogas engines for compliance with clean air permitting regulations, specifically South Coast Air Quality Administration District Rule 1110.2, was a more expensive option. This illustrates a key advantage of DFC plants as they eliminate clean air permitting challenges. The fuel cells utilize chemistry rather than combustion to generate power, resulting in the virtual absence of criteria pollutants counting nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx) that contributes to acid rain, and particulate matter that can aggravate asthma.
FuelCell Energy, Inc., together its auxiliaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company is also involved in the development, design, production, and sale of fuel cell products under the Direct FuelCell name.
Finally, Melco Crown Entertainment Limited (NASDAQ:MPEL), ended its last trade showing no change to $19.01, hitting its lowest level.
Today, Melco Crown Entertainment Limited, officially launched a three-day Studio City Experience China Roadshow at Xintiandi South Block Piazza in Shanghai, the second event in its China roadshow initiative.
Envisioned by Mr. Lawrence Ho, the US$3.2 billion Studio City is a thrilling new cinematically-themed entertainment and leisure destination in Macau that is set to become Asia’s Entertainment Capital and to take Macau’s entertainment destination proposition to unprecedented new levels.
The Shanghai showcase provides an opportunity for the media and consumers to discover for themselves the new entertainment attractions to be practiced at Studio City. They were introduced to the entertainment and leisure destination lifestyle experiences of Studio City on an epic scale, unmatched in Macau or indeed across Asia.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
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