On Tuesday, Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX)’s shares inclined 2.91% to $9.19.
Grupo Financiero Santander Mexico, S.A.B. de C.V. (BSMX) one of the leading financial groups in Mexico, declared recently that to align its reporting date with its parent company, Banco Santander S.A., it will release its fiscal second quarter 2015 financial results before market open on Thursday, July 30, 2015, which is after the reporting deadline of July 28, 2015 established by the Mexican National Banking and Securities Commission (“CNBV”).
Grupo Financiero Santander Mexico, S.A.B. de C.V., through its auxiliaries, provides a range of financial services to individuals, private banking clients, small and medium-sized enterprises, government institutions, and corporate and institutional customers primarily in Mexico. It operates through Retail Banking and Global Wholesale Banking segments. The company offers various deposit products, such as current accounts, savings accounts, and time deposits, in addition to certificates of interbank deposit; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.
Whirlpool Corporation (NYSE:WHR)’s shares gained 1.94% to $166.34.
Whirlpool Corporation (WHR) declared second-quarter GAAP net earnings of $177 million, or $2.21 per diluted share, contrast to $179 million, or $2.25 per diluted share, stated for the same preceding-year period. Ongoing business earnings per diluted share(1) totaled a second quarter record $2.70, contrast to $2.62 in the same preceding-year period. The benefit of cost and capacity-reduction initiatives, favorable price/mix and benefits from the acquisition integration activities offset unfavorable currency and a weakened demand environment in Brazil.
Net sales in the quarter were a second-quarter record $5.2 billion contrast to $4.7 billion during the same preceding-year period, an enhance of over 11 percent. Not taking into account the impact of foreign currency, sales raised over 25 percent, primarily driven by the acquisitions.
Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company’s principal products comprise laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. I
At the end of Tuesday’s trade, Dynegy Inc. (NYSE:DYN)‘s shares dipped -4.17% to $27.10.
Dynegy Inc. (DYN) declared that its Board of Directors declared a dividend of $1.34375 per share on the outstanding 5.375% Series A Mandatory Convertible Preferred Stock that will be paid on August 3, 2015 to stockholders of record of the Mandatory Convertible Preferred Stock on July 15, 2015. The dividend is for the dividend period starting on May 1, 2015 and ending on July 31, 2015.
Dynegy Inc., through its auxiliaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 15 power plants in 5 states totaling about 13,000 megawatts of generating capacity.
SUPERVALU INC. (NYSE:SVU), ended its Tuesday’s trading session with -0.64% loss, and closed at $7.73.
Supervalu Inc.(SVU) paid Sam Duncan, its president and CEO, 40 percent more in fiscal 2015 than it did in the previous year, boosting his total compensation to $6.92 million, up from $4.95 million in 2014.
Duncan, 63, has been CEO and president of the grocery wholesaler and retailer since February 2013, when he took over for Wayne Sales, who had been CEO for just seven months. Sales remains a member of Supervalu’s board of directors. The CEO turnover at Supervalu drew a lot of attention to the company’s high compensation for executives and directors.
Duncan’s jump in pay this year was mainly a result of a large stock award he received for the company’s continued positive turnaround, which comprises improved same-store-sales, adjusted earnings and shareholder returns, among others metrics, according to the company’s proxy. Supervalu’s total market capitalization grew from $1.59 billion at the end of fiscal 2014 to $2.59 billion at the end of fiscal 2015.
Former Target Corp. executive Gerald Storch has been nominated by the Supervalu board to continue as non-executive chairman, a position he’s held since January 2014. Since this January, Storch also has been CEO of Hudson’s Bay Co., a retail business group based in Brampton, Ontario.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. As of February 28, 2015, this segment operated about 1,825 stores with a network spanning 41 states.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
