On Thursday, Shares of General Electric Company (NYSE:GE), gained 0.53% to $24.68.
General Electric Company declared that it has reached a contract to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
“With the sale of our Transportation Finance business to BMO, we have again found a buyer with a customer centric culture who is committed to the industry and growing this business with the assist of our tenured and practiced team,” said Keith Sherin, GE Capital chairman and CEO. “We continue to execute on our asset sales and are on track to reduce our ending net investment (ENI) by US$100 billion by the end of 2015 and expect to be substantially done with our exit strategy by the end of 2016,” he added.
GE Capital, Transportation Finance provides wholesale and commercial end-user financing to OEMs, dealers and end users for heavy and medium duty commercial trucks and trailers. BMO will retain the Transportation Finance administration team and employees.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of eBay Inc. (NASDAQ:EBAY), declined -0.19% to $26.15, during its last trading session.
This month marks the 20th anniversary of eBay, the iconic global brand and vibrant marketplace where the world goes to shop, sell, and give. Founded over Labor Day weekend in 1995, the e-commerce pioneer revolutionized the way people connected 20 years ago and remains a leading technology innovator. With the release of eBay 4.0, a new app for iOS and Android, eBay continues to innovate by creating an easier, more personalized way to shop and sell, and enabling its global community to discover a singular selection of things that inspire them – anytime, anywhere.
“The new eBay mobile app reflects our commitment to designing great experiences for our buyers and enabling continued growth for our sellers. Our success is driven by our extraordinary global community – and we are driven by our purpose to empower people and create opportunity through connected commerce,” said Devin Wenig, eBay Chief Executive Officer. “As we celebrate the 20th anniversary of our amazing company, our marketplace has never been larger, never had more choice for consumers around the world, and never been more vibrant than recently. We’re just getting started.”
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Finally, MGM Resorts International (NYSE:MGM), ended its last trade with -1.89% loss, and closed at $20.72.
MGM Resorts International employee volunteers build a house from the ground up, and hand over the keys to an elated single mother and her children. Tens of millions of dollars are spent conducting business with minority- and women-owned enterprises, supporting the company’s planned objectives and commitment to diversity. MGM Resorts and NRG Renew partner to install one of the nation’s largest rooftop solar arrays at Mandalay Bay Resort and Casino, stretching a massive 20 acres.
These are just a few of the powerful displays of corporate citizenship chronicled in MGM Resorts’ 2014 Annual Corporate Social Responsibility Report. Themed “Inspiration Starts With Us!”, the report features the company’s accomplishments in corporate social responsibility (CSR), which comprises Diversity and Inclusion, Philanthropy and Community Engagement, and Environmental Sustainability initiatives.
“MGM Resorts continues to integrate CSR best practices at all levels of our company’s operations and throughout our culture,” said Jim Murren, Chairman & CEO of MGM Resorts International. “We firmly believe that our CSR efforts make us both a better company and a better corporate citizen, as we strive to uplift the communities in which we operate and work,” continued Murren, a CR Magazine 2013 winner of the Responsible CEO of the Year Award.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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