On Friday, Shares of Delta Air Lines, Inc. (NYSE:DAL), lost -0.05% to $42.90.
Delta Air Lines, has named Peter Carter Executive Vice President and Chief Legal Officer, effective July 13. He will replace Richard “Ben” Hirst who will retire in February 2016.
Carter, who will report to Delta’s CEO Richard Anderson, joins the airline from the international law firm of Dorsey & Whitney in Minneapolis where he served as chairman of the board and as a trial partner. He also formerly led a trial group of more than 100 lawyers. Carter has handled complex litigation issues for top Fortune 500 companies and has managed a wide range of legal matters counting governance issues, regulatory affairs, securities matters and international affairs.
At Dorsey & Whitney, Carter played a noteworthy role in leading the firm’s planned direction as the chair of the board and co-chair of its Securities Litigation & Enforcement practice group. He has substantial trial experience and extensive experience in advising boards of directors.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Shares of Morgan Stanley (NYSE:MS), inclined 1.52% to $39.29, during its last trading session, hitting its highest level.
Morgan Stanley, declared the completion of the seventh annual U.S. Strategy Challenge, a ten-week program in which top-performing Morgan Stanley employees provide pro-bono planned advice to nonprofit organizations on mission critical challenges. This year, nine nonprofits took part in the program and Morgan Stanley teams presented final planned recommendations for each nonprofit in a competition at Morgan Stanley’s New York headquarters on June 3.
The winner of the seventh annual U.S. Strategy Challenge was The Headstrong Project, an organization that assists post- 9/11 combat veterans recover from post-traumatic stress disorder (PTSD) and related conditions. New York-based The Headstrong Project challenged its Morgan Stanley team to evaluate whether the organization should expand to another city and to identify the best location and process to implement that expansion. After performing extensive analysis, the Morgan Stanley team recommended expansion to San Diego, and presented an implementation plan for the coming year.
The Morgan Stanley Strategy Challenge was developed to tap into the talented minds of our employees and put their analytical and planned thinking to work in our communities through pro-bono volunteering with key nonprofit partners. Since its launch in 2009, the program has cumulatively delivered more than 56,000 hours of service to 90 non-profit organizations, providing charities with noteworthy assistance in bringing true value and lasting change to our communities, while giving valuable skills training to 474 Morgan Stanley employees.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The companys Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
At the end of Friday’s trade, Shares of Archer-Daniels-Midland Company (NYSE:ADM), lost -0.74% to $51.01.
Archer-Daniels-Midland Company, declared that it has attained tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds, adding critical processing capacity on top of ADM’s existing West Coast nut operations in Lodi and Stockton. Under the terms of the deal, ADM is acquiring the lease to the brand-new Modesto processing plant, and taking ownership of assets—counting processing equipment—at the facility.
The Modesto plant is capable of steam pasteurizing, roasting, dicing, slicing, milling and packaging. Like ADM’s plants in Lodi and Stockton, the facility can process a range of nuts, counting almonds, cashews, Brazil nuts, pecans, pistachios, hazelnuts, walnuts and macadamias.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals.
Finally, Rexnord Corporation (NYSE:RXN), ended its last trade with -0.27% loss, and closed at $25.68.
Rexnord Corporation, was downgraded to “neutral” from “outperform” at Wedbush.
The firm said it lowered its rating on the multi-platform industrial company as it sees fewer catalysts over the next year given the company’s guidance and weakness in its PMC sales, theflyonthewall.com reports.
Wedbush cut its price target on Rexnord to $27 from $32.
Rexnord Corporation designs, manufactures, markets, and services process and motion control, and water administration products worldwide. The company operates in two segments, Process & Motion Control Platform and Water Administration Platform.
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