On Monday, Best Buy Co Inc (NYSE:BBY)’s shares declined -0.20% to $34.13.
Best Buy Co Inc (BBY)’s Geek Squad recently declared the launch of the ninth Geek Squad Academy summer program. This grassroots tech experience inspires under-served teens to consider technology careers and assist address the nation’s widely-anticipated professional labor shortage.
According to the Change the Equation, a group of Fortune 500 companies that encourages students to pursue STEM (science, technology, engineering and math) careers, the American workforce is still failing to pursue different fields. The lack of broad representation in these high-demand areas threatens the U.S. economy by creating a competitive advantage for other countries.
Conducted in partnership with non-profit organizations such as the Boys & Girls Clubs of America, Junior Achievement and Young Adult Library Services Association, Geek Squad Academy classes are designed by Geek Squad Agents to demystify technology and ignite a passion for technology through fun and inspiring hands-on learning. At this year’s sessions, students will explore the ins and outs of technology through subjects like digital citizenship, film production, computer programming and robotics, in addition to 3D printing and circuitry.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
Capital One Financial Corp. (NYSE:COF)’s shares dropped -0.09% to $87.49.
Capital One Financial Corp. (COF) declared it has launched Capital One Escrow ExpressSM, a self-service, sub-accounting platform that allows escrow agents to manage escrow and tenant security accounts online. The new platform transforms the client experience by digitizing a highly cumbersome manual process and enabling greater control and efficiency through online account administration. It also offers convenient online access to a variety of reports and statements, the ability to calculate and post interest at the sub-account level, and to manage any associated 1099 reporting.
Capital One Escrow ExpressSM clients benefit from:
- Around-the-clock access to a virtual sub-accounting platform through Intellix®, Capital One’s treasury administration portal
- The ability to open and close sub-accounts online without having to go through the bank
- The automatic calculation and credit of interest payments and a final payout when accounts are closed
- Detailed, up-to-date reporting, in addition to account summaries and statements
- System-generated 1099 statements at year end
“Managing escrow funds is typically a time-consuming chore that takes attention away from more planned activities. This innovative service saves our clients time, relieves their operational burdens and ensures they meet the compliance requirements related to handling escrow monies,” said Taylor.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada.
At the end of Monday’s trade, PNC Financial Services Group Inc (NYSE:PNC)‘s shares dipped -0.60% to $97.83.
PNC Financial Services Group Inc (PNC) Motorcar Parts of America, Inc. (MPAA) declared it has reached a $125 million credit facility with PNC Bank National Association (PNC) comprising of a $100 million revolver and $25 million term loan.
Loans outstanding under the new credit facility bear interest, at the company’s option, at the domestic rate or at the LIBOR rate plus, in each case, an applicable per annum margin. The current applicable LIBOR interest rate for both the revolver and the term loan is 2.94%, comprising of LIBOR of 0.19% plus a margin of 2.75%. The new credit facility replaces a previous credit facility, comprised of an outstanding $82.4 million term loan and an undrawn $40 million revolver. The applicable LIBOR interest rate for the previous term loan was 6.75%, comprising of a LIBOR floor of 1.50% plus a margin of 5.25%. Post-closing, the company had a $25 million term loan outstanding, in addition to $15 million of borrowings on the revolving credit facility.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Administration Group, Residential Mortgage Banking, BlackRock, and Non-Planned Assets Portfolio. The Retail Banking segment offers deposit, lending, brokerage, investment administration, and cash administration services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels.
Emerson Electric Co. (NYSE:EMR), ended its Monday’s trading session with -1.56% loss, and closed at $58.70.
Emerson Electric Co. (EMR) is all set to assist India in mitigating its growing energy demand. The company’s business unit, Emerson Process Management, lately secured a contract from National Thermal Power Corporation (‘NTPC’) Limited. The contract requires Emerson to provide automation expertise and technologies for two newly build 800-megawatt supercritical energy generating units at Darlipali Super Thermal Power Station, located in Sundergarh District of Odisha in India. The deal would serve to satisfy the region’s growing energy requisites.
In the contemporary era of ‘reverse innovation’, emerging economies like India are considered to be the primary hubs of industrial growth and research stations, since increasing rate of employment, literacy and social development in these countries call for greater energy demand. NTPC Limited is the biggest power utility corporation in India, which has pioneered automation of national power stations like Sipat, Simhadri, and Tanda and is also guiding certain similar projects at present.
As per terms of the order, Emerson would install, engineer and charge Ovation systems for monitoring and controlling each supercritical boiler of the two new energy generating units. The company would also provide continuous emissions monitoring system and Rosemount Analytical online steam water analysis system, level transmitters, Rosemount pressure and certain extra instrumentation in the generators. Commissioning of Unit 1 generator is anticipated to start in Dec 2017, while the same for Unit 2 would commence 3 months later.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Administration segment offers products and technology, and engineering, project administration, and consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants.
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