On Wednesday, General Growth Properties Inc (NYSE:GGP)’s shares inclined 0.57% to $26.64.
General Growth Properties, Inc. (GGP) declared Fabletics, the online activewear and accessories line co-founded by award-winning actress Kate Hudson, will open its first brick-and-mortar stores at five GGP locations this fall to build off the success of its e-commerce platform. Launched in 2013, Fabletics offers premium fashion-forward activewear for women, and recently launched a versatile and high-performance athletic wear line for men, FL2.
GGP Fabletics locations opening this fall comprise: Bridgewater Commons (Bridgewater, N.J.); Christiana Mall (Wilmington, Del.); Kenwood Towne Centre (Cincinnati); The Mall in Columbia (Columbia, Md.) and Saint Louis Galleria (St. Louis). The stores will feature an assortment of amenities to provide an elevated experience for shoppers, counting mobile points of sale, free shipping from warehouses for out-of-stock items, in-store fitting appointments, buy online and pick-up in store (BOPUS), in addition to a virtual shopping cart to assist customers complete their shopping online after their in-store visit.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
Energy Transfer Partners LP (NYSE:ETP)’s shares dropped -1.90% to $49.57.
Sunoco intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to fund the cash consideration for its acquisition of 100% of Susser Holdings Corporation from Energy Transfer Partners, L.P. (ETP).
The offering of the notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, the notes may not be offered or sold in the United States except following an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system. This segment owns and operates about 7,700 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates about 12,800 miles of interstate natural gas pipeline; and has interests various natural gas pipelines. The company’s Midstream segment gathers, compresses, treats, blends, processes, and markets natural gas in various basins and shales in Texas, New Mexico, West Virginia, and Louisiana.
At the end of Wednesday’s trade, General Employment Enterprises, Inc. (NYSEMKT:JOB)‘s shares dipped -16.12% to $0.671.
General Employment Enterprises, Inc. (JOB) provider of specialty staffing services and solutions, recently declared the pricing of an underwritten public offering of 11,200,000 shares of its common stock at a price of $.70 per share. The Company has also granted to the underwriters a 30-day option to acquire up to an additional 1,680,000 shares to cover over-allotments.
The Company estimates that the net proceeds from this offering, after deducting underwriting discounts and commissions and before offering expenses payable by the Company, will be about $7.3 million. If the underwriters exercise their over-allotment option in full, net proceeds from the offering are predictable to be about $8.4 million. The offering is predictable to close on July 27, 2015, subject to customary closing conditions. The Company intends to use the proceeds from this offering for acquisitions, working capital and general corporate purposes.
General Employment Enterprises, Inc. provides staffing services in the United States. The company offers professional placement services comprising placement of information technology, engineering, and accounting professionals on regular placement basis or a temporary contract basis; and weekly temporary staffing for light industrial clients. It markets its services under the General Employment Enterprises, Omni One, Business Administration Personnel, Ashley Ellis, Triad Personnel Services, Triad Staffing, Generation Technologies, BMCH, and BMCHPA trade names.
United Rentals, Inc. (NYSE:URI), ended its Wednesday’s trading session with -1.41% loss, and closed at $77.66.
United Rentals, Inc. (URI) declared financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.220 billion, contrast with $1.399 billion and $1.179 billion, respectively, for the same period last year. On a GAAP basis, the company stated second quarter net income of $86 million, or $0.88 per diluted share, contrast with $94 million, or $0.90 per diluted share, for the same period last year.1
Adjusted EPS2 for the quarter was $1.95 per diluted share, contrast with $1.65 per diluted share for the same period last year. Adjusted EBITDA3 was $706 million and adjusted EBITDA margin was a second quarter company record at 49.4%, an enhance of $43 million and 200 basis points, respectively, from the same period last year.
Second Quarter 2015 Highlights
- Rental revenue (which comprises owned equipment rental revenue, re-rent revenue and ancillary items) raised 3.5% year-over-year.4Within rental revenue, owned equipment rental revenue raised 3.7%, reflecting year-over-year enhances of 2.8% in the volume of equipment on rent and 1.5% in rental rates.
- Return on invested capital was 8.9% for the 12 months ended June 30, 2015, an enhance of 0.8 percentage points from the 12 months ended June 30, 2014.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions. The company offers about 3,300 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers. Its fleet of rental equipment comprises general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms compriseing of boom lifts and scissor lifts; and general tools and light equipment, counting pressure washers, water pumps, and power tools.
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