On Wednesday, Shares of Host Hotels & Resorts, Inc. (NYSE:HST), gained 2.17% to $20.73.
Host Hotels & Resorts, declared that its board of directors authorized a regular quarterly cash dividend of $0.20 per share on the Company’s common stock. The dividend is payable on July 15, 2015, to stockholders of record on June 30, 2015.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland.
Shares of Xerox Corporation (NYSE:XRX), declined -2.31% to $10.99, during its last trading session.
Xerox Corporation, declared the appointment of Rohit Philip as corporate treasurer. Philip joined the company effective June 22, reporting directly to Kathy Mikells, chief financial officer. He succeeds Rhonda Seegal, who will leave Xerox at the end of the year to pursue other interests.
Philip comes to Xerox from Anand Automotive Limited, a leading auto component supplier in India, where he served as president and group chief financial officer during the last two years. Preceding to Anand, Philip spent 17 years at United Continental Holdings, Inc. (UAL) in a variety of roles responsible for corporate strategy, mergers and acquisitions, treasury and enterprise risk administration.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
Finally, Starbucks Corporation (NASDAQ:SBUX), ended its last trade with -0.75% loss, and closed at $53.71.
Starbucks Corp. plans to sell cookies made by a French bakery at some of its coffee shops in New York, part of a test that could be expanded, according to Bloomberg.
Cookies from Michel & Augustin, a company based in the Paris area, will be offered at 25 Starbucks locations in Manhattan. The partnership was signed on Friday after officials from the French company visited Starbucks Chief Executive Officer Howard Schultz in Seattle, according to Charlotte Cochaud, Michel & Augustin’s brand content manager. The rollout may extend to coffee shops in France and the U.K. later this summer, she said.
Haley Drage, a spokeswoman for Starbucks, confirmed that the products would be sold at the 25 locations. Bloomberg Reports.
The deal with Michel & Augustin comes less than a week after Starbucks declared plans to close all 23 of its La Boulange bakery cafes by the end of September. Starbucks attained La Boulange and its recipes for $100 million in 2012 to make its food offerings more upscale. Bloomberg added.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
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