On Wednesday, Nordstrom, Inc. (NYSE:JWN)’s shares inclined 1.80% to $71.71.
Seattle-based Nordstrom, Inc. (JWN) declared plans to relocate its Rack store from 280 Metro Center to the redeveloped Serramonte Center in Daly City, California. The about 40,000-square-foot store is planned to open in fall 2017. The redeveloped property is owned by Equity One, Inc.
Nordstrom will join fellow anchors Target, JC Penney, Macy’s and Dick’s Sporting Goods. The new location is just across Highway 280 from the current Nordstrom Rack, and remains conveniently located south of where Pacific Coast Highway meets 280.
Recently, there are 13 Rack stores in Northern California, with an additional location recently declared in Santa Rosa, opening in fall 2016. Nordstrom has been serving customers in the state since it first opened at South Coast Plaza in 1978.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30 to 70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com, in addition to specially purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit.
PennyMac Mortgage Investment Trust (NYSE:PMT)’s shares gained 0.72% to $15.47.
The Board of Trustees of PennyMac Mortgage Investment Trust (PMT) declared a cash dividend of $0.47 per common share of beneficial interest for the third quarter of 2015. This dividend will be paid on October 29, 2015 to common shareholders of record as of October 15, 2015.
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company operates through two segments, Correspondent Production and Investment Activities.
At the end of Wednesday’s trade, Tesoro Logistics LP(NYSE:TLLP)‘s shares surged 11.22% to $45.00.
Tesoro Corporation (TSO), together with Savage and BNSF Railway, gave local business leaders an opportunity to observe and learn about the improved safety features of Tesoro’s new DOT 120 crude oil rail cars at the Port of Vancouver USA.
In addition to showcasing the rail cars, officials with Tesoro and Savage, who are joint venture partners in the projected Vancouver Energy terminal at the Port of Vancouver USA, presented new public opinion research results showing strong support for the terminal by voters in Clark County.
The event focused on crude oil-by-rail safety in Washington state; the safe operations and handling of crude oil at the Port of Vancouver USA and projected Vancouver Energy crude oil-by-rail to marine loading terminal; and the DOT 120 rail cars’ additional features that make them safer and better equipped to transport crude oil than previous models. The rail cars meet the safety requirements of the new U.S. Department of Transportation standard with a thicker tank shell, full-height head shields, a tank jacket and upgraded bottom outlet valve handle. Features that exceed the new standard comprise a thicker tank head than required; both thermal protection and a high-flow pressure relief valve; protective housing for the manway; and two times the rated tank test pressure.
Tesoro began working with Union Tank Car Company in February 2014 – more than a year ahead of new federal safety regulations – to develop the safety-improved rail cars compriseent with Tesoro’s commitment to continually improve its fleet and be a leader in the safe transportation of crude oil-by-rail.
Tesoro Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. It operates in three segments: Gathering, Processing, and Terminalling and Transportation.
Gogo Inc (NASDAQ:GOGO), ended its Wednesday’s trading session with 3.66% gain, and closed at $15.28.
Gogo (GOGO), the global leader in providing broadband connectivity solutions and wireless in-flight entertainment to the aviation industry, is partnering with Ultramain Systems, a developer of airline operational software, to connect its industry leading aircraft maintenance applications.
This partnership between Gogo and Ultramain Systems highlights the value of the connected aircraft. The robust connectivity services offered by Gogo will enable Ultramain’s advanced applications to be connected in real-time, which will give airline personnel the ability to assess aircraft maintenance issues as soon as they are detected.
Ultramain Systems has developed many notable aircraft maintenance applications. Applications that can now be connected using Gogo broadband connectivity comprise: efbTechLogs, which allow flight crews to transmit accurate data about problems on the aircraft; eReporting, an integrated flight crew reporting software that replaces paper Air Safety Reports; and eCabin, which provides passenger information such as special needs for passengers.
Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation.
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