On Friday, Shares of General Motors Company (NYSE:GM), gained 0.50% to $30.15.
The General Motors Foundation declared grants totaling $1 million to fund Hispanic education and science, technology, engineering and math initiatives to assist empower young Latinos to join the workforce of the future.
Grace Lieblein, General Motors vice president of Global Quality, declared the grants during a press conference at the National Press Club, where she was joined by GM Foundation Vice President Lori Wingerter, Chief Diversity Officer Ken Barrett, U.S. Rep. Tony Cárdenas, D-Calif., and representatives from Hispanic organizations.
“Hispanics represent an important facet of our business as the next generation of leaders and innovators, and also our customers,” Lieblein said. “At GM, we want to assist fund vital programs aimed at increasing opportunities for Latinos to pursue STEM careers and strengthen their skills to compete for jobs.”
The grants benefit the nation’s leading Hispanic organizations, counting the League of United Latin American Citizens (LULAC), the National Council of La Raza (NCLR), the Congressional Hispanic Caucus Institute (CHCI), the Hispanic Association on Corporate Responsibility (HACR), the United States Hispanic Leadership Institute (USHLI), the Congressional Hispanic Leadership Institute (CHLI) and Service Employment Redevelopment (SER) National.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of KeyCorp. (NYSE:KEY), declined -0.44% to $13.51, during its last trading session.
KeyCorp. will declare third quarter 2015 earnings on Thursday, October 15, 2015, before the market opens. A conference call will be held at 9:00 a.m. ET to review financial results, strategy and outlook.
KeyCorp. operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Finally, NextEra Energy Partners, LP (NYSE:NEP), ended its last trade with -0.73% loss, and closed at $25.99.
NextEra Energy Partners declared that it has agreed to sell $700 million of equity units to Barclays, Mizuho Securities, and Wells Fargo Securities. The transaction is predictable to close on Sept. 16, 2015.
Each equity unit will be issued in a stated amount of $50. Each equity unit will comprise of a contract to purchase NextEra Energy common stock in the future and a 5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due Sept. 1, 2020, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc. Total annual distributions on the equity units will be at the rate of 6.371 percent, comprising of interest on the debentures and payments under the stock purchase contracts.
Each stock purchase contract will require the holder to purchase NextEra Energy common stock for cash, based on a per-share price range of $95.35 to $114.42. The higher end of this price range reflects a premium of 20 percent over the New York Stock Exchange closing price of NextEra Energy common stock on Sept. 10, 2015, which was $95.35. The holders must complete the stock purchase by no later than Sept. 1, 2018, and their purchase obligations may be satisfied with proceeds raised from remarketing the debentures that comprise part of their equity units.
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America with a portfolio of about 1,923 MW of contracted, clean energy projects.
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