During Thursday’s Morning trade, Shares of Verizon Communications Inc. (NYSE:VZ), gained 0.72% to $47.61.
Verizon Wireless network crews and disaster response teams are on alert as Tropical Storm Bill enters the Gulf of Mexico. In the event of severe storms, the Verizon Wireless network throughout the region stands ready to deliver reliable wireless coverage and service to customers.
Verizon Prepares by Investing
The company prepares year-round for severe weather with extensive investments and efforts to ready its network for emergencies and provide the most reliable wireless service for residents and businesses in the greater Houston area, counting Galveston, Beaumont and the Golden Triangle. During last year, Verizon invested more than $173 million dollars in this region to strengthen and enhance its wireless network.
“Preparing the network for inclement weather is a year-round, deliberate process at Verizon and a key component in our network reliability,” said Krista Bourne, president of the Houston/Gulf Coast region for Verizon Wireless. “Our relentless focus on reliability and severe weather preparedness ensures our network stays strong and calls go through when and where they are needed most. We are prepared for Tropical Storm Bill, alert and ready to respond.”
These intensive investments and preparations proved critical during and after previous storm seasons. In the aftermath of even the most devastating hurricanes, like Hurricane Ike, the Verizon network in Houston remained strong while many other wireless communication networks struggled to serve emergency response officials and residents reaching out to insurance providers, family, friends and co-workers.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Fifth Third Bancorp (NASDAQ:FITB), declined -0.64% to $20.83, during its current trading session.
Fifth Third Bancorp, received the prestigious Community Service Award from the Illinois Bankers Association (IBA) for its many efforts to assist the communities it serves, especially through its “Honoring Our Veterans” campaign. The IBA is a trade association dedicated to fostering a favorable business climate for the banking industry in Illinois. The award declarement came during the IBA’s Annual Conference at the Peoria Civic Center and Peoria Marriott Pere Marquette.
Utilizing an integrated mix of public relations, marketing, earned media relations, social media and internal communications, Fifth Third Bank’s efforts to assist provide veterans and military families with college scholarships, care packages, house remodeling, free pet adoptions, and training for support dogs, culminated on Veterans Day, when more than 200 veterans received either jobs or solid job leads at the Bank’s *first-of-its-kind* Hiring Fair for veterans.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash administration, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.
Finally, American Realty Capital Properties, Inc. (NASDAQ:ARCP), gained 1.95%, and is now trading at $8.65.
American Realty Capital Properties, declared the appointment of Mark S. Ordan as an Independent Director and a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Company’s Board of Directors (the “Board”) effective 18th June.
“I am very happy to have Mark join the Board of Directors, establishing a diverse and practiced reconstituted Board,” said Glenn J. Rufrano, Chief Executive Officer of ARCP. “His knowledge of the real estate and retail industries, coupled with his impressive track record of leading and managing highly complex workouts and restructurings of public companies, will be a tremendous asset to our Board. This appointment demonstrates the success of our efforts in building credibility through proper corporate governance by adding strong board members with appropriate backgrounds and core competencies.”
Mr. Ordan presently serves as Executive Chairman of WP Glimcher, the surviving entity following the closing of Washington Prime Group’s acquisition of Glimcher, and will transition to Non-Executive Chairman effective January 1, 2016. WP Glimcher is a retail real estate investment trust (“REIT”) and a recognized leader in the ownership, administration, acquisition and development of mixed use, open-air and enclosed regional malls in addition to community centers. Additionally, Mr. Ordan has been CEO and held various senior-level positions during his 30-year career counting leadership positions at Sunrise Senior Living, The Mills Corporation, Balducci’s gourmet food store chain and Fresh Fields Markets. Mr. Ordan presently serves on the boards of the following nonprofit organizations: the U.S. Chamber of Commerce; the National Endowment for Democracy; the Seed School Foundation; and the Economic Club of Washington, D.C. He received his undergraduate degree from Vassar College and his MBA from Harvard University.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. As of June 20, 2012, its portfolio compriseed of 118 properties. American Realty Capital Properties, Inc. was founded in 2010 and is based in Phoenix, Arizona.
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