On Tuesday, Shares of Mack Cali Realty Corp (NYSE:CLI), gained 1.63% to $19.98.
Mack-Cali Realty Corporation, declared a comprehensive three-year planned initiative entitled 20/15 that represents a major step in the transformation of the Company’s portfolio. The Company’s new executive leadership, which took over operations just 100 days ago, will outline the directional shift at a meeting and webcast for investors and analysts later recently, and in a detailed form 8-K filed with the SEC last evening. Under the direction of chief executive officer Mitchell Rudin, and president Michael DeMarco, Mack-Cali will transform itself into an owner of waterfront and transit-oriented office properties and a regional owner of luxury multi-family properties.
“Our team is committed to unlocking value for our stakeholders by refocusing the Company to take advantage of our class A assets and expanding our luxury multi-family holdings,” said Mitch Rudin. “People recently want to live, work, and play in the same area. They want transit options – how they get to work is almost as important as where they work. Changes we are making to our portfolio and improvements we are making in our efficiency will create a sleeker, more responsive company that is better able to achieve its long-term aims and meet the future needs of our tenants and residents.”
Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, administration, acquisition, development, and construction of commercial real estate properties in the United States.
Shares of Synopsys, Inc. (NASDAQ:SNPS), inclined 0.78% to $48.05, during its last trading session.
Synopsys, declared it will host a webcast for investors on Thursday, Sept. 17, 2015. Aart de Geus, Synopsys chairman and co-CEO, Andreas Kuehlmann, senior vice president and general manager of the Software Integrity Group, and Dave DeMaria, vice president of corporate marketing, will provide an update on Synopsys’ technology vision and new products, in addition to give an operational update and discuss the go-forward strategy for Synopsys’ new total available market - software quality and security.
Synopsys, Inc. provides electronic design automation (EDA) software products used to design and test integrated circuits and electronic systems in the United States, Europe, Japan, and the rest of Asia Pacific.
Finally, AutoNation, Inc. (NYSE:AN), ended its last trade with 0.62% gain, and closed at $58.88.
AutoNation, declared a policy to not sell, lease or wholesale any new or used vehicle that has an open safety recall. This will apply to everyone of AutoNation’s 293 vehicle franchises across the United States and stands as a confirmation of the company’s commitment to delivering a peerless customer experience.
“There’s no way to expect that customers would or should know of every safety recall on every vehicle they might purchase, so we will ensure that our vehicles have all recalls accomplished,” said Mike Jackson, Chairman, CEO and President of AutoNation. “We make it our responsibility as a retailer to identify those vehicles and remove them from the market until their safety issues have been addressed.”
A blanket commitment not to sell vehicles subject to a safety recall is not without cost, as adequate parts are not always right away available, and AutoNation must hold the vehicles in inventory until they are repaired. The company insists that their customers’ protection is worth the investment in the process. They believe that the decision to do so is ultimately the right one, and economic considerations must take a back seat to safety concerns.
AutoNation, Inc., through its auxiliaries, provides new and used automotive and spare parts retail services in the United States. The company operates in three segments: Domestic, Import, and Premium Luxury.
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