On Monday, SunTrust Banks, Inc. (NYSE:STI)’s shares inclined 0.41% to $43.92.
SunTrust Banks, Inc. (NYSE:STI) appointed Kevin Blair as Corporate Treasurer, effective July 1.
Blair will report to SunTrust Chief Financial Officer Aleem Gillani and oversee the company’s liquidity, capital management, investment portfolio and balance sheet strategy.
Most recently, Blair was head of SunTrust’s commercial specialty segments. In this capacity, he led several businesses for the organization including auto dealer, insurance premium financing and small business administration lending. In addition, he oversaw the development and implementation of additional industry-based specialties within the commercial and business banking line of business. Previously, he served as the head of the Georgia/North Florida region for SunTrust and has held roles in corporate strategy, line management, strategic finance and credit risk management. Blair began his financial services career with Signet Bank in Richmond in 1995, and joined SunTrust in June 1998.
Blair has been a director on the Georgia Chamber of Commerce Board, where he also served as vice chair of the Tax and Finance Committee. He volunteers on the board of America’s Second Harvest for the Coastal Region, and is active in a number of civic and community activities.
Blair holds a bachelor’s degree in Management and Economics from James Madison University in Harrisonburg, Virginia, and he earned an MBA from George Washington University with a concentration in Financial Management.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking.
Zayo Group Holdings Inc (NYSE:ZAYO)’s shares gained 5.56% to $28.50.
Zayo Group Holdings Inc (ZAYO) declared plans to extend its long haul dark fiber network between Atlanta and Washington, D.C. The network expansion will add more than 800 route miles to Zayo’s owned long haul network, which spans more than 19,000 route miles. Zayo will break ground starting the third calendar quarter of this year and anticipates to complete the route in the fourth calendar quarter of 2017.
Through this new route, Zayo will be able to further support high bandwidth demands for customers in the southeast extending into the northeast. The long haul fiber expansion will provide direct access to carrier hotels and data centers across six key markets, counting Atlanta, Charlotte, N.C., Raleigh, N.C., Richmond, Va., and Ashburn, Va., and Washington, D.C. Zayo will offer its full product suite of dark fiber, wavelengths, Ethernet and IP services across this route.
Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States and Europe. The company operates in three segments: Physical Infrastructure, Lit Services, and Other. The Physical Infrastructure segment provides dark fiber, fiber-to-the-tower and small cell mobile infrastructure, and colocation and interconnection services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.
At the end of Monday’s trade, HD Supply Holdings Inc (NASDAQ:HDS)‘s shares surged 1.81% to $34.40.
HD Supply Holdings Inc (HDS) continues to execute above peers in a challenging environment this year for industrial distributors, plagued by pricing, oil & gas and FX headwinds, Barclays noted.
“HD Supply has emerged as the lone outperformer driven by strong operational execution and capital structure changes,” analysts at Barclays added.
Stock performance suggests relief around concerns that oil & gas and weather would have an outsized impact in the second quarter and core average daily sales growth came in at 6.5%, according to the analyst note.
HD Supply is an industrial distributor that operates in four segments: facilities maintenance, waterworks, power solutions and construction & industrial-white cap.
HD Supply Holdings, Inc. operates as an industrial distributor in North America. The company’s Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, in addition to heating, ventilating, and air conditioning products.
Xenia Hotels & Resorts Inc (NYSE:XHR), ended its Monday’s trading session with 1.69% gain, and closed at $23.42.
Xenia Hotels & Resorts Inc (XHR) declared that its Board of Directors has authorized a cash dividend of $0.23 per share of the Company’s common stock for the second quarter of 2015. The dividend will be paid on July 15, 2015 to all holders of record of the Company’s common stock as of the close of business on June 30, 2015.
The Board of Directors also authorized a cash dividend for a partial six month period of $61.11 per share of the Company’s 12.5% Series A Cumulative Non-Voting Preferred Stock for the first six months of 2015. The dividend will be paid on June 30, 2015 to all holders of record of the preferred stock as of the close of business on June 15, 2015.
Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered REIT that invests in full service hotels in the United States. As of December 31, 2014, it owned 46 hotels comprising 12,636 rooms across 19 states and the District of Columbia. The company is based in Orlando, Florida.
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