On Wednesday, Shares of Sysco Corporation (NYSE:SYY), gained 3.09% to $38.75.
Sysco Corporation, issued the following statement from President and Chief Executive Officer Bill DeLaney after the U.S. District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction to block Sysco’s projected merger with US Foods. DeLaney said:
“While we respect the Court’s decision, we are profoundly disappointed with this outcome. We diligently pursued this transaction for nearly two years because we strongly believed the merger of Sysco and US Foods would be procompetitive and good for customers, associates and shareholders. Nevertheless, we certainly understood this outcome to be possible and have been developing plans for the business moving forward. We will take a few days to closely review the Court’s ruling and assess our legal and contractual obligations, counting the merits of terminating the merger agreement. This work will be conducted in close partnership with Sysco’s Board of Directors and the primary owners of US Foods. We will provide additional clarity in the coming days.”
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; and fresh produce.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), declined -1.18% to $20.90, during its last trading session.
JetBlue Airways Corporation, declared plans to enhance service at Logan International Airport as part of its long-term commitment to serve both business and leisure travelers who have made the airline the city’s top carrier.
As part of the expansion, JetBlue will introduce Mint, its highly acclaimed take on premium travel, to Boston customers traveling to San Francisco and Los Angeles. JetBlue will also add Nashville as its 60thnon-stop destination from Boston and will enhance service frequency on more than a dozen existing routes to U.S. and Caribbean destinations.
“JetBlue’s continued growth as the Commonwealth’s largest airline is great news for our economy, thousands of JetBlue’s hardworking crewmembers and millions of travelers flying in and out of Boston’s Logan International Airport” said Massachusetts Governor Charlie Baker. “Recent expansions and partnerships in markets foreign and domestic, counting Haiti and Tel Aviv, and the launch of JetBlue’s Mint service further connecting us to the West Coast, continue to attract businesses and create jobs by putting all Massachusetts has to offer on the world stage.”
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Aéropostale, Inc. (NYSE:ARO), ended its last trade with -3.24% loss, and closed at $1.79.
Aéropostale, declared that Emilia Fabricant is leaving the Company. Effective right away, the Company’s senior merchandising team will report to Julian R. Geiger, Chief Executive Officer. There are no plans to seek a replacement for Ms. Fabricant at this time.
Julian R. Geiger, Chief Executive Officer, said, “Over the past ten months, we have carefully instituted structural changes to our organization that enabled us to balance levels of responsibility and to run our business more effectively. In conjunction with these changes, I believe that the strength of our senior design and merchandising teams positions us well on our path to profitability. We wish Emilia well in her future endeavors.”
Mr. Geiger continued, “As I said on our most recent earnings call, I continue to believe that the merchandising, organizational and operational changes we have made since last year will change the trajectory of our business in the Back-To-School and Holiday periods.”
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing. The company also offers casual clothing and accessories focusing on kids between the ages of 4 to 12 year olds.
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