On Wednesday, Shares of Bank of America Corporation (NYSE:BAC), gained 1.56% to $16.93.
A new study from Manta, the company exclusively dedicated to assisting small businesses, and sponsored by Bank of America, one of the world’s largest financial institutions, reveals the vital role online communities play in assisting small businesses succeed.
The study, which polled 24,723 small business owners, found that of 30 percent of entrepreneurs presently participating in professional online forums, 74 percent of them attribute their success to active involvement in these online communities. Within online communities, small business owners openly talk about business challenges, offer advice to colleagues, and benchmark best practices.
“You get to become known as an expert. It assists build my credibility,” says Bonnie Armstrong, Owner, Marketing Alliance. Small business owners trust the recommendations and advice more when it comes from peers who have relevant experience. Online forums are alive with entrepreneurs who are willing and eager to answer questions and give advice in the hopes of cultivating mutually beneficial relationships.
Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.
Shares of SeaDrill Limited (NYSE:SDRL), declined -0.16% to $12.34, during its last trading session, as oil prices maintained losses Wednesday after weekly U.S. inventory data showed that crude stockpiles shrank but production rose to a new record.
Light, sweet crude for July delivery recently fell 91 cents, or 1.5%, to $60.35 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.27, or 1.9%, to $64.22 a barrel on ICE Futures Europe.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
At the end of Wednesday’s trade, Shares of Wal-Mart Stores Inc. (NYSE:WMT), gained 0.48% to $74.89.
Wal-Mart Stores, U.S. CEO Greg Foran and COO Judith McKenna outlined associate-focused steps to drive greater simplicity, provide associates the tools they need to serve customers and continue to listen to and act upon associate ideas. The Walmart U.S. leaders spoke to nearly 3,000 associates from around the country as part of the week-long events surrounding Walmart’s annual shareholders meeting.
“The best part of my job is getting out in stores and learning from associates. There is nothing I like better than hearing about your jobs, your ideas, your hopes and dreams, your frustrations and listening to how we can make your lives easier,” said Foran.
Remembering one of his early days in retail, Foran ended his shift full of ideas about how things could be done better. “One of the most important parts of my job is to listen to our associates. You are closest to the customer and you make a difference for our customers every day. I learned very early on that you have great ideas.”
In February, Walmart declared a $1 billion investment in its U.S. workforce, counting raising its minimum wage to $9 an hour, implementing new training programs and giving associates more control over their plans. In addition, the company’s U.S. leadership has committed that stores will be cleaner, faster, and friendlier and have better in stock by the start of the holiday season. The U.S. business has recorded three successive quarters of positive comp sales and solid growth in store traffic, which has been positive the past two quarters. Shoppers are also starting to take notice, over the last quarter, customer experience scores improved across all Walmart formats.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, AerCap Holdings N.V. (NYSE:AER), ended its last trade with 0.82% gain, and closed at $50.34, hitting its highest level.
AerCap Holdings, declared the pricing of the secondary public offering of 71,184,686 of its ordinary shares by American International Group, Inc. (the “Selling Shareholder”), which has been upsized from 50,000,000 ordinary shares, at a price to the public of $49.00 per share. The Selling Shareholder has also granted the underwriters a 30-day option to purchase up to an additional 10,677,702 ordinary shares. AerCap will not receive any proceeds from the sale of the ordinary shares offered. AerCap will also repurchase 15,698,588 of its ordinary shares from the Selling Shareholder for $750 million, at an approximate price per share of $47.77. Upon the closing of the offering and the share repurchase, and assuming the exercise in full of the underwriters` option to purchase additional shares, it is predictable that the selling shareholder will no longer beneficially own any AerCap ordinary shares.
Citigroup and Goldman, Sachs & Co. are serving as global coordinators and joint book running managers, and J.P. Morgan, Morgan Stanley & Co. LLC and UBS Investment Bank are serving as joint book running managers for the underwritten offering.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines. The company provides aircraft asset administration and corporate services, counting remarketing aircraft; collecting rental and maintenance payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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