On Wednesday, Nielsen NV (NYSE:NLSN)’s shares declined -0.04% to $45.31.
According to “Sold in China: Transitioning to a consumer-led economy,” a new report released recently by The Demand Institute, a non-advocacy think tank jointly operated by The Conference Board and Nielsen, China could generate an incremental $15 trillion in consumer spending over the next decade through a combination of business strategies that comprise raised communication to the Chinese public about products and services, better access to those products and services, and innovations that expand the range of financial services that typically enable higher levels of domestic consumption.
History will demonstrate, and most economists would agree, that a successful transition to a consumption-led economy is essential for continued robust economic growth in China. The report concludes that for the transition to be maximally successful and enduring, not only must the government provide the requisite policies and incentives, but the business community must make parallel investments to facilitate consumption. Consumer credit services—such as credit cards, mortgages, and auto loans—and life, health and property insurance are just a few product and service categories poised for growth should the right innovations, communications, access and payments infrastructure be employed.
Nielsen N.V. operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch and listen. Its Buy segment provides data on retail measurement services, such as market share and competitive sales volumes; insights into distribution, pricing, merchandising, and promotion; consumer panel measurement, which offers insight into shopper behavior and customer segmentation; and consumer intelligence and analytical services for decision making in development and marketing cycles.
VimpelCom Ltd (ADR) (NASDAQ:VIP)’s shares dropped -0.38% to $5.18.
VimpelCom Ltd. (VIP), a leading global provider of telecommunications services headquartered in Amsterdam and serving over 218 million customers, has further demonstrated its commitment to the Dutch information technology economy through its move to join Nederland ICT.
Nederland ICT is the trade association for more than 550 information technology, telecom and internet companies in the Netherlands. It represents a business community with a turnover of almost USD 30 billion and over 250,000 employees, making it the foremost advocate and representative of the Dutch ICT sector. Membership of Nederland ICT allows VimpelCom to engage and develop relationships with its Dutch peers, in addition to take part in the association’s initiatives to grow talent and foster innovation in the Netherlands.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
At the end of Wednesday’s trade, Express, Inc. (NYSE:EXPR)‘s shares surged 1.47% to $18.70.
EXPRESS, Inc. (EXPR) declares Karlie Kloss as the face of the EXPRESS fall 2015 denim collection. The American supermodel stars in the retailer’s ‘Fit for You’ advertising campaign photographed by Lachlan Bailey and styled by Claire Richardson. The official campaign launches July 2015 in print, digital, in-store, and on social media.
Accessible in-store and online at express.com startning this month, the EXPRESS fall denim collection focuses on the best-fitting fashion jeans that are built to last. The collection features an assortment of updated washes and innovative fabrics counting the new Performance Stretch jean made from a breakthrough fabric that retains its shape throughout the day. Customers can check out the hottest trends and find their perfect fit on express.com, in-store and by following #ExpressJeans on Instagram (@ExpressRunway), Twitter (@ExpressLife) and Facebook (EXPRESS).
Express, Inc. operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, counting work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com, in addition to franchisees Express locations in Latin America, the Middle East, and South Africa.
DiamondRock Hospitality Company (NYSE:DRH), ended its Wednesday’s trading session with -0.29% loss, and closed at $13.63.
DiamondRock Hospitality Company (DRH) declared that it repaid the mortgage loan secured by the JW Marriott Denver at Cherry Creek (the “Hotel”) and reached a new $65 million mortgage loan secured by the Hotel. The new ten-year loan bears interest at a fixed rate of 4.33%, will amortize on a 30-year amortization plan after a one-year interest only period, and will mature in 2025.
The new interest rate is 214 basis points lower than the rate of the preceding mortgage loan, which reduced the Company’s weighted average interest rate to 4.6%. The Company used a portion of the $65 million of proceeds from the new loan to repay the $38.1 million balance on the maturing mortgage loan and anticipates to utilize the balance to address near-term debt maturities.
DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado.
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