On Thursday, Shares of Ford Motor Co. (NYSE:F), lost -0.22% to $13.84.
On Wednesday, Sept. 16, Jim Farley, Ford Motor Company, executive vice president and president Europe, Middle East and Africa, will take part in the Deutsche Bank Access IAA Cars 2015 Conference in Frankfurt.
The presentation will start at about 8 a.m., EDT, 2 p.m. CEST. A question and answer session will be comprised in the 50-minute presentation.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of The Bank of New York Mellon Corporation (NYSE:BK), inclined 0.67% to $39.28, during its last trading session.
The funded status of the typical U.S. corporate pension plan declined in August, dropping by 2.5 percentage points to 84.2 percent. While liabilities fell slightly due to widening credit spreads, the decline was driven by a larger drop in asset values, according to BNY Mellon Fiduciary Solutions. Public plans, foundations, and endowments also failed to meet targets due to declining asset values.
For the typical U.S. corporate plan, funded status dipped as low as 81.2 percent on August 24 but has since rebounded. Liabilities fell by 0.9 percent during the month, with the Aa Corporate discount rate rising by 9 basis points to 4.44 percent.
Plan liabilities are calculated using the yields of long-term investment grade bonds. Higher yields on these bonds result in lower liabilities.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, Spectra Energy Corp. (NYSE:SE), ended its last trade with 0.68% gain, and closed at $28.24.
PennEast Pipeline Company LLC (PennEast) declared awards of $50,000 through its Community Connector Grant Program, bringing the program’s investment in Pennsylvania and New Jersey communities to $240,000 to date.
Projects benefitting from the Community Connector Program comprise a rain garden for sedimentation control; funding for environmental educational programs; and hydraulic rescue equipment, to name a few. The following area not-for-profit organizations have been selected to receive the grants:
- Carbon County Environmental Center
- Dimmick Memorial Library (Jim Thorpe, PA)
- Franklin Township Volunteer Fire Company (Lehighton, Pa.)
- Lehigh Township Emergency Administration
- Lehigh Township Volunteer Fire Company #1
- Lehighton Shade Tree Commission
- Penn Kidder Library Center
- Quakertown Volunteer EMS (Pittstown, NJ)
- Shavertown Volunteer Fire Department
- Wildlife Information Center (Slatington, PA)
“PennEast is committed to being a good neighbor, putting safety, environmental conservation and the livelihood of local communities at the forefront of our project,” said Alisa Harris, who oversees government and community affairs for PennEast. “Despite PennEast still being in the early, voluntary pre-filing phase of the Project, we’re proud to have contributed $240,000 to organizations making a difference in their communities. We look forward to ongoing the PennEast Community Connector Grant Program and encourage others along PennEast’s projected route to apply.”
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
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