On Friday, La Quinta Holdings Inc (NYSE:LQ)’s shares inclined 1.13% to $23.29.
La Quinta Holdings Inc (LQ) declared the appointment of Scott Bergren, former Chief Executive Officer of Pizza Hut and Yum Innovation, effective June 9, 2015, to its Board of Directors. Mr. Bergren is assuming the board seat of Michael B. Nash, initially selected by associates of The Blackstone Group L.P., who has resigned.
Mr. Bergren, 68, served as Chief Executive Officer (CEO) of both Pizza Hut (Global) and Yum! Innovation until his retirement in December 2014. Prior to becoming CEO at Pizza Hut (Global) at the end of 2013, Mr. Bergren served as CEO of Pizza Hut (U.S.) since 2011. He also had served as CEO of Yum! Innovation since 2011. Mr. Bergren has held many roles across Yum! Brands, Inc. since 2002, counting, President and Chief Concept Officer of Pizza Hut Inc., Chief Marketing & Food Innovation Officer for Kentucky Fried Chicken and Yum! Brands in Louisville and Chief Concept Officer of Yum! Restaurants International in Dallas.
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras. The company was founded in 1968 and is headquartered in Irving, Texas.
AES Corp (NYSE:AES)’s shares dropped -0.52% to $13.46.
AES Distributed Energy, a partner of The AES Corp (AES), declared the commissioning of a 4 megawatt (MW) solar PV project located in the town of Dublin, in the County of Laurens, Georgia. This system is the first of two solar PV projects being developed by AES Distributed Energy and its partners, collectively predictable to supply 20 MW to the Georgia Power utility grid. The second, 16 MW project, is under development and is predictable to be operational in the first half of 2016.
Georgia Power, a partner of Southern Company, will purchase 100% of the energy production from both projects from AES Distributed Energy following 20-year Power Purchase Agreements (PPAs). These projects will be among the first utility-scale solar installations for Georgia Power. Their development rights were awarded as part of the 2013 Georgia Power Advanced Solar Initiative (GPASI) solicitation for 60 MW of utility-scale solar generation.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels to generate electricity, counting natural gas, coal, hydro, wind, energy storage, oil, diesel, petroleum coke, biomass, landfill gas, and solar.
At the end of Friday’s trade, Commercial Metals Company (NYSE:CMC)‘s shares surged 3.16% to $17.29.
Commercial Metals Company (CMC) declared financial results for its third quarter ended May 31, 2015. Net earnings attributable to CMC for the three months ended May 31, 2015 were $56.7 million ($0.49 per diluted share) on net sales of $1.5 billion. This compares to net earnings attributable to CMC of $23.6 million ($0.20 per diluted share) on net sales of $1.7 billion for the third quarter ended May 31, 2014.
Earnings from ongoing operations for the third quarter of fiscal 2015 were $67.1 million ($0.58 per diluted share), contrast with earnings from ongoing operations of $24.5 million ($0.21 per diluted share) for the third quarter of fiscal 2014.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 29 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
Con-way Inc (NYSE:CNW), ended its Friday’s trading session with 1.36% gain, and closed at $39.51.
Con-way Inc. (CNW) declared this year’s winners of the CEO Constellation Award, presented annually to select employees for exceptional achievement, performance and leadership.
Chosen from hundreds of peer-nominated employees across the company’s 30,000-person workforce, this year’s winners join an elite group of past recipients who exemplify the company’s lean culture, purpose and core values of Safety, Integrity, Commitment and Excellence.
Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload. The Freight segment offers day-definite regional, inter-regional, and transcontinental less-than-truckload freight services with a fleet of line-haul, and pickup-and-delivery tractors and trailers.
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