On Wednesday, Shares of General Motors Company (NYSE:GM), gained 0.68% to $31.20.
Federal prosecutors are set to declare a settlement with General Motors that resolves a criminal investigation into how the Detroit automaker concealed a deadly problem with small-car ignition switches, according to three people briefed on the case, according to AP.
Under the deal, GM will pay a fine of around $900 million in a deferred prosecution agreement on a wire fraud charge. That means any charges would be dismissed if GM complies with oversight and other terms for three years, said one of the people. All of the people asked not to be identified because the agreement isn’t planned to be formally declared until later Thursday. AP Reports
A spokeswoman for Manhattan U.S. Attorney Preet Bharara wouldn’t comment on the case, nor would GM spokesman Patrick Morrissey. The deal was first stated Wednesday by the Wall Street Journal.
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 American Airlines Group Inc. (NASDAQ:AAL), inclined 0.98% to $43.06, during its last trading session.
The CEO of American Airlines says travel demand is strong, explaining why airline profits are up even as fares have fallen because of cheaper jet fuel, according to AP.
Fuel was American’s biggest expense, accounting for nearly one-third of all expenses, until oil prices began plunging last year.
“If it gets cut in half, that’s a pretty big change to your economic model,” CEO Doug Parker said Tuesday.
Through the first half of 2015, fuel savings at parent American Airlines Group Inc. were $2.2 billion, or 40 percent, contrast with the same period last year. That’s assisted the company earn almost as much in the first six months of this year as it did in all of 2014 despite a modest 3 percent improvement in revenue. Analysts expect American to soar past last year’s profits.
Parker said travel demand is strong in the U.S. and weaker on international routes, especially in Brazil, a key market for American. AP Reports
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Shares of American Electric Power Co., Inc. (NYSE:AEP), inclined 1.45% to $54.63, during its last trading session.
A Kroger Co. energy expert says regulators should be wary of a utility company’s proposal for a power purchase agreement, according to bizjournals.com.
Meanwhile, a group that promotes the expansion of renewable energy says the plan should be boosted by 1,000 megawatts worth of renewable energy.
Ohio’s power companies say these types of deals provide a valuable long-term hedge against future variable price improvements. American Electric Power Company Inc. (NYSE:AEP), the utility for large swaths of the state, counting Central Ohio, starts hearings at the end of September for its plants that generate a combined 3,100 megawatts. The company’s CEO, Nick Akins, says the plants would likely be sold if the Public Utilities Commission of Ohio does not approve. bizjournals.com Reports
“This is not some abstract concept, some coal plant somewhere else,” AEP Ohio President Pablo Vegas told me last year about a smaller, similar proposal in southeastern Ohio. “This is a power plant in southeastern Ohio, with this money, this many employees, this many customers, this many dollars of tax revenue they create.”
American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources.
Finally, Express Scripts Holding Company (NASDAQ:ESRX), ended its last trade with -0.69% loss, and closed at $84.44.
Express Scripts Holding Company declared Eric Slusser has joined the company as Executive Vice President and Chief Financial Officer, effective September 9, 2015.
Mr. Slusser joins Express Scripts with noteworthy experience as a financial executive in healthcare, bringing executive-level and functional experience in all aspects of finance counting strategy, capital markets, mergers and acquisitions, financial reporting, planning and investor relations. Mr. Slusser was most recently Chief Financial Officer of Gentiva Health Services, Inc., a leading provider of home health, hospice and community care services. Before joining Gentiva in 2009, Mr. Slusser held executive roles with Centene Corporation, a healthcare services company providing specialty and managed care health plan coverage, counting serving as Executive Vice President and Chief Financial Officer, Executive Vice President of International Development, and Treasurer. Mr. Slusser also served as Executive Vice President of Finance and Chief Accounting Officer of Cardinal Health, Inc.
Before his career in healthcare, Mr. Slusser, who is a certified public accountant, spent 10 years in a variety of finance roles within the telecommunications industry, and 12 years in public accounting.
Jim Havel, the company’s former interim Chief Financial Officer, will continue with Express Scripts as Executive Vice President of Finance for an indeterminate period of time to assist with the transition.
Express Scripts Holding Company operates as a pharmacy benefit administration (PBM) company in the United States and Canada. The company operates through two segments, PBM and Other Business Operations. The company’s PBM segment’s services comprise clinical solutions to enhance health outcomes, such as adherence, case coordination, and personalized medicine; specialized pharmacy care; home delivery pharmacy; specialty pharmacy, counting the distribution of fertility pharmaceuticals that require special handling or packaging; and retail network pharmacy administration.
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