On Friday, Enbridge Inc (USA) (NYSE:ENB)’s shares declined -1.41% to $42.54.
Enbridge Inc. (ENB) declared second quarter adjusted earnings of $505 million or $0.60 per common share. Accessible cash flow from operations (ACFFO) raised to $808 million, or $0.96 per common share, from $516 million, or $0.63 per common share for the second quarter of 2014.
Commencing with the second quarter results, Enbridge is reporting ACFFO as a supplemental metric to assess the performance of its business. Enbridge recently declared full year ACFFO guidance of $3.30 to $4.00 per share.
During the second quarter, Enbridge declared a contract to transfer its Canadian Liquids Pipelines business and Canadian renewable energy assets to Enbridge Income Fund (the Fund) for units of the Fund and its auxiliaries valued at $30.4 billion, plus incentive distribution and temporary performance distribution rights (the Transaction). The Transaction is on track to close in the third quarter of 2015, subject to regulatory approvals and a vote of the public shareholders of Enbridge Income Fund Holdings Inc. (ENF), at a special meeting to be held on August 20, 2015.
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The companys Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, in addition to in Quebec and New Brunswick.
CBRE Group Inc (NYSE:CBG)’s shares dropped -0.21% to $37.46.
London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Group Inc (CBG)’s semi-annual Global Prime Office Occupancy Costs survey.
The study also found that the real estate recovery in the Emerald Isle (Ireland) remained on track, with Dublin (26.1 percent) and Belfast (13.3 percent) showing the largest and fourth-largest year-over-year prime occupancy cost enhances, respectively among the 127 cities surveyed. In North America real estate fundamentals remained strong with Seattle (Downtown), San Francisco (Peninsula) and Vancouver (Suburban) among the 10 markets with the fastest growing prime occupancy costs.
The change in prime office occupancy costs mirrored the gradual recovery of the global economy. Global prime office occupancy costs rose 2.0 percent year-over-year, with the Americas up 2.9 percent, EMEA rising 1.5 percent and Asia Pacific up 1.4 percent.
CBRE tracks occupancy costs for prime office space in 127 markets around the globe. Of the top 50 “most expensive” markets, 19 were in EMEA, 20 were in Asia Pacific and 11 were in the Americas.
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Administration; and Development Services segments. It provides advisory services, such as planned advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, counting market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, and property condition and environmental consulting, in addition to originates and services commercial mortgage loans.
At the end of Friday’s trade, KAR Auction Services Inc (NYSE:KAR)‘s shares dipped -0.08% to $38.96.
KAR Auction Services Inc (KAR) declared it has expanded the company’s Digital Services Group with the acquisitions of Autoniq and MobileTrac, which is doing business as instaVIN.
Autoniq provides real-time information such as vehicle pricing, history reports and market guides to dealers. Its mobile app allows used-car dealers to scan VINs on mobile devices, view auction run lists and access vehicle history reports and market value reports instantly. Autoniq offers access to valued resources such as CARFAX and AutoCheck, in addition to Black Book Daily, NADAguides, Kelley Blue Book and Galves pricing guide information. It also comprises a comprehensive wholesale and retail market reports for all markets in the United States.
MobileTrac provides retail and wholesale car buyers with instaVIN’s vehicle history reports in addition to the instaLEAD and instaDEAL technology through which automotive dealers can attract and structure retail transactions with consumers online.
KAR Auction Services, Inc., together with its auxiliaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, and analytical services. This segment sells its products and services through vehicle manufacturers, rental car companies, and finance companies.
Costco Wholesale Corporation (NASDAQ:COST), ended its Friday’s trading session with -0.81% loss, and closed at $145.26.
Costco Wholesale Corporation ( COST) declared that its Board of Directors declared a quarterly cash dividend on Costco common stock of $.40 per share. The quarterly dividend is payable August 28, 2015, to shareholders of record at the close of business on August 14, 2015.
Costco presently operates 679 warehouses, counting 479 in the United States and Puerto Rico, 89 in Canada, 36 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, seven in Australia and one in Spain. The Company plans to open up to an additional seven new warehouses proceeding to the end of its fiscal year on August 30, 2015. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico.
Costco Wholesale Corporation, together with its auxiliaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. It provides dry and institutionally packaged foods; snack foods, candy, tobacco, alcoholic and nonalcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, garden and patio, and office supplies; meat, bakery, deli, and produce; and apparel, small appliances, and home furnishings.
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