On Tuesday, Shares of LPL Financial Holdings Inc (NASDAQ:LPLA), lost -0.13% to $39.45.
Succession Resource Group, declared its selection for inclusion in LPL Financials new Vendor Affinity Program. The program is a new initiative designed to assist advisors reduce the complexity and costs of running their businesses by offering a central repository of vendors who have been reviewed by LPL, the nation’s largest independent broker-dealer. LPL advisors can access the tools and expertise offered by SRG to leverage practice acquisition and succession planning as short and long-term growth tools.
SRG’s solutions can assist LPL advisors value, refine, protect, grow, and eventually transition their most valuable asset — their business. SRG’s solutions compliment LPL’s internal consulting team to enable LPL advisors to receive comprehensive industry expertise/perspective and provide access to SRG’s growing pool of customized valuation and succession tools. “At LPL, we remain committed to developing smarter and simpler ways to do business,” said Dan Arnold, President of LPL. “The Vendor Affinity Program is a tangible way that LPL’s scale can directly impact our clients’ bottom line and further underscores the value in affiliation with LPL.”
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States.
Shares of Spirit Airlines Incorporated (NASDAQ:SAVE), declined -4.50% to $51.54, during its last trading session.
The “Hot” in “Hotlanta” refers to the many wonderful activities to do in Atlanta. Los Angeles is world renowned for its nightlife, beaches, and beautiful people. Now, more people can live it up in Atlanta and Los Angeles while saving money because, starting recently, Spirit Airlines (SAVE) is offering convenient nonstop service that makes traveling between Atlanta and Los Angeles more affordable than ever.
“Spirit continues to grow in Atlanta and Los Angeles, liberating these cities from their high airfares,” said Mark Kopczak, Spirit Airlines’ Vice President of Network Planning. “We like to listen to what our customer want and make it happen.”
As part of the planned growth in these cities, Spirit will also start new service from Atlanta to/from Boston and Fort Myers on September 10, 2015. Spirit will also offer nonstop service from Los Angeles to/from Oakland starting on November 12, 2015. This expansion will allow more travelers to take advantage of Spirit’s Bare Fare(TM) with Frill Control(TM).
Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America.
At the end of Tuesday’s trade, Shares of American Campus Communities, Inc. (NYSE:ACC), lost -4.09% to $33.74.
American Campus Communities declared that it is celebrating its 100th student housing development with the construction of U Club Sunnyside, an off-campus community serving students attending West Virginia University (WVU).
Since its starting in a 720-square-foot student suite atop Austin’s Dobie Center in 1993, American Campus has developed 100 student communities across the country for universities and for its own portfolio, totaling $4.6 billion and containing 65,000 beds. Starting with its first development in 1996 at Prairie View A&M University and now commencing its 100th development, American Campus has once again achieved a major milestone.
“For us, developing student housing is not just about the bricks and the mortar but about creating communities conducive to academic success, healthy living and personal growth,” said Bill Bayless, American Campus CEO. “Breaking ground on our 100th development at WVU where I started my career as a resident assistant is so special because that experience shaped the foundation of what ACC has become and has positively influenced how college students all across America live recently.”
American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities.
Finally, Darden Restaurants, Inc. (NYSE:DRI), ended its last trade with 0.07% gain, and closed at $66.82.
Darden Restaurants, declared that Bill Lenehan has been named CEO of Four Corners Property Trust, Inc., the real estate company that is predictable to be separated from Darden later this year in a spin-off, split-off or similar transaction. Four Corners is predictable to elect to be subject to tax as a real estate investment trust (REIT) effective January 1, 2016.
“The Board and I have been incredibly impressed with Bill’s leadership, knowledge, and skill related to the Four Corners transaction,” said Darden CEO Gene Lee. “We have also been impressed with his vision and capability, which gives us confidence he will be able to lead and transform Four Corners into a leading growth company. We are extremely happy to have a leader with Bill’s level of expertise for this very exciting new company.”
Because of this appointment, Lenehan, who presently sits on Darden’s Board of Directors and is running for reelection at the company’s 2015 Annual Meeting of Shareholders, will resign from the Board when the separation of Four Corners occurs. He also will no longer serve on any of the independent committees of Darden’s Board effective right away.
Darden Restaurants, Inc., through its auxiliaries, owns and operates full-service restaurants in the United States and Canada. As of July 8, 2015, it owned and operated about 1,500 restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House brand names.
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