On Wednesday, Shares of Hudson City Bancorp, Inc. (NASDAQ:HCBK), gained 7.05% to $10.17.
Hudson City Bancorp, Inc. (NASDAQ: HCBK) and M&T Bank Corporation (NYSE: MTB) (“M&T”) declared recently that M&T has received regulatory approval from the Federal Reserve to complete the merger with Hudson City.
The transaction is predictable to be accomplished on or about November 1, 2015, pending approval by the New York State Department of Financial Services and the satisfaction of customary closing conditions.
Hudson City operates 135 branches, which are located in New Jersey (97 branches), downstate New York (29 branches) and Fairfield County, Connecticut (9 branches). Hudson City’s branches will continue to operate under the Hudson City name, as a division of M&T Bank, until they are converted to M&T’s network, which is predictable to occur in the first quarter of 2016. Customers will receive additional information after the merger has been finalized.
Hudson City Bancorp, Inc. serves as the holding company of its partner, Hudson City Savings Bank (the Bank). The Bank is a federal stock savings bank. The Company is a community and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans.
Shares of Exxon Mobil Corporation (NYSE:XOM), inclined 1.75% to $74.25, during its last trading session.
Exxon Mobil Corporation has reached a contract with PBF Energy, Inc. for the sale and purchase of its refinery in Torrance, California, a lubricants distribution center at Vernon, products terminals at Vernon and Atwood, and associated California pipelines and other logistics assets, counting facilities at the Southwest terminal.
About 700 employees and 700 contractors work at the refinery and associated facilities. Employees are predictable to be offered positions with PBF and existing third-party supply agreements, obligations, terms and conditions remain unchanged.
Subject to repairs to the refinery’s electrostatic precipitator and regulatory approval, change-in-control is anticipated to take place by mid-2016.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products.
Shares of AES Corp (NYSE:AES), inclined 3.49% to $9.79, during its last trading session.
Dayton Power and Light (DP&L), a partner of The AES Corporation (AES), is presenting Wright-Patterson Air Force Base (WPAFB) with an energy efficiency rebate of $1 million in total for energy upgrades that are improving the environment. With guidance from DP&L, the base implemented several initiatives over successive years resulting in the cumulative savings.
WPAFB has improved the energy efficiency at 100 buildings on-base through a variety of enhancements, counting upgraded lighting, energy efficient building design and construction and installing high-efficiency motors, and heating/air conditioning systems.
By making these changes, WPAFB will realize 16,471,946 kilowatt hours per year in energy savings.
Additionally, the environmental impact is equivalent to powering 1,562 homes, taking 2,391 cars off the road and preserving 9,310 acres of forest. The federal government will save $1 million a year in energy costs.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Planned Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia.
Finally, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with 2.90% gain, and closed at $8.52.
Cypress Semiconductor Corporation declared the debut of a regular blog by its president and chief executive officer, T.J. Rodgers. Once or twice a month, Rodgers will post on business, technology and administration topics. Current posts and a blog repository will be available in the “From the CEO” section of Cypress.com, under the “About Us” navigation tab on the Cypress home page (http://www.cypress.com). The blogs will also be available via the company’s Core & Code quarterly online magazine and technical blog at core.cypress.com and directly via core.cypress.com/ceoblog.
Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings comprise PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, counting industrial, mobile handsets, consumer, computation, data communications, automotive and military.
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