On Thursday, Shares of CST Brands, Inc. (NYSE:CST), surged 1.03% to $44.24.
On March 27, CST Brands, and CrossAmerica Partners LP (CAPL) declared that Joe Topper, the Chief Executive Officer and President of CrossAmerica, has decided to retire as CEO effective September 30, 2015. In order to ensure a smooth leadership transition, Topper will resign as President of CrossAmerica effective right away and Jeremy Bergeron, who served as CST Brands` Senior Vice President of Integration and Development Operations, has been named CrossAmerica`s President.
Topper will continue the day-to-day administration of CrossAmerica until September 30th. Bergeron will report to Topper until Topper retires as CEO. Topper will also continue to serve on the boards of both CrossAmerica and CST Brands after he formally steps down as CEO.
CST Brands, Inc., through its auxiliaries, operates as an independent retailer of motor fuel and convenience merchandise items in North America. The companys retail operations comprise sale of motor fuel at convenience stores, commission agents, and cardlocks; merchandise items and services at convenience stores; and heating oil to residential customers, in addition to heating oil and motor fuel to small commercial customers.
Shares of American Airlines Group Inc. (NASDAQ:AAL), gained 1.03% to $48.24, during the last trading session on Thursday.
Airline trade group Airlines for America honored American Airlines Group’s executive David Seymour recently with the Engineering, Maintenance and Materiel Council 2015 Nuts and Bolts Award, which recognizes exceptional service contributions in commercial aviation engineering or maintenance.
Seymour, American’s senior vice president, Technical Operations, received the award, now in its 49th year, at the annual MRO Americas Conference in Miami Beach, Fla. Seymour was this year’s winner in the individual airline category.
Seymour brings more than two decades of logistics and operational experience to American Airlines. He is a graduate of the United States Military Academy at West Point and Northwestern University and served in the U.S. Army as an infantry officer before starting his aviation career with America West Airlines in 1999. He held several administration positions at US Airways after its merger with America West in 2005.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
At the end of Thursday’s trade, Shares of Linear Technology Corporation (NASDAQ:LLTC), gained 1.02% to $46.64.
Linear Technology Corporation, stated financial results for the fiscal quarter ended March 29, 2015. Quarterly revenues of $372.0 million for the third quarter of fiscal year 2015 raised $24.0 million or 6.9% over the $348.0 million stated in the third quarter of fiscal year 2014 and raised $19.4 million or 5.5% over the previous quarter’s revenue of $352.6 million. Net income of $135.2 million raised $17.6 million or 15.0% over the third quarter of fiscal year 2014 and raised $11.6 million or 9.4% over the second quarter of fiscal year 2015. The Company had no interest expense contrast with $12.4 million of interest expense in the third quarter of the preceding fiscal year as a result of the extinguishment of the Convertible Senior Notes at the end of fiscal 2014. Diluted earnings per share of $0.55 per share in the third quarter of fiscal year 2015 raised $0.07 per share or 15% over the third quarter of fiscal year 2014 and raised $.04 per share or 8% over the second quarter of fiscal year 2015.
Cash, cash equivalents and marketable securities raised by $62.4 million over the second quarter of fiscal year 2015 to $1,135 million. A cash dividend of $0.30 per share will be paid on May 27, 2015 to stockholders of record on May 15, 2015. During the third quarter the Company generated positive cash flows from operations of $153.2 million or 41% of total revenues. The Company has historically generated strong cash flows from its operations. During the third quarter of fiscal year 2015 the Company returned $96.6 million to shareholders in the form of dividends of $73.4 million, representing $0.30 per share and stock purchases of $23.2 million.
Linear Technology Corporation, together with its auxiliaries, designs, manufactures, and markets a line of analog integrated circuits (ICs) worldwide. It produces power administration, data conversion, signal conditioning, radio frequency (RF), and interface ICs; µModule subsystems; and wireless sensor network products.
Finally, Advanced Semiconductor Engineering Inc. (NYSE:ASX), ended its Thursday’s trading session with 1.01% gain, and closed at $7.01.
Advanced Semiconductor Engineering, hosted the ASE Group 2014 Best Supplier Awards ceremony, an event specially organized to recognize and honor suppliers integral to ASE’s ongoing success. Representatives from 126 companies, supplying equipment, raw material, information technology, logistics, and various other products and services to ASE, were in attendance. A total of 28 awards were presented to the 34 suppliers who had demonstrated extraordinary performance in their support to ASE throughout 2014.
Over the past year, ASE administration has relentlessly focused on corporate sustainability within its supply administration, resulting in the following developments:
- Membership in the Electronic Industry Citizenship Coalition (EICC): ASE became a member of the EICC in February 2015, and this membership underscores the noteworthy strides ASE has taken to enhance its commitment to environmental and social governance, both within ASE operations in addition to throughout its broader supply chain.
- Launch of the ASE Guidelines for Supply Excellence – ‘SMILE 2ART’: Creation of a framework that is Sustainable, Manageable, Innovative, Lean and Ethical, to build an Advanced, Resilient and Trusted supply chain network.
- Commitment to work with suppliers to comply with the framework for internal controls guided by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in addition to to adhere to the standards set by the Global Reporting Initiative (GRI) G4 sustainability reporting.
Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments.
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