On Wednesday, Guess?, Inc. (NYSE:GES)’s shares inclined 2.10% to $22.39.
Paul Marciano, Co-Founder and Chief Executive Officer of Guess?, Inc. (GES), announced today that Victor Herrero will be his successor and new CEO of Guess?, Inc. in August 2015. Paul Marciano will replace Maurice Marciano as Executive Chairman of the Board and will continue serving as Chief Creative Officer. Maurice Marciano will remain a director, and has been named Chairman Emeritus by the Board of Directors.
Victor Herrero joins Guess? with over twenty years of global experience spanning Europe and Asia. Victor served as the head of Asia Pacific for Inditex Group, the world’s largest fashion retailer with brands including Zara, Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. In the past 10 years, Victor was responsible for building Inditex’s multi-billion dollar business in Asia.
Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities. It operates through North American Retail, Europe, Asia, North American Wholesale, and Licensing segments. The company’s clothing collection comprises jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel. It also grants licenses to manufacture and distribute various products that complement its apparel lines, such as eyewear, watches, handbags, footwear, kids and infants apparel, outerwear, swimwear, fragrance, jewelry, and other fashion accessories.
Genesee & Wyoming Inc (NYSE:GWR)’s shares gained 0.43% to $64.74.
Genesee & Wyoming Inc. (G&W) (GWR) stated traffic volumes for July 2015.
Based on G&W’s noteworthy enhance in operations in the U.K. and continental Europe resulting from the acquisition of the London-based Freightliner Group Limited (Freightliner) in March 2015, G&W is now presenting traffic information in three reportable segments: North American Operations, Australian Operations and U.K./European Operations.
Historically, G&W has found that traffic information may be indicative of freight revenues on its railroads. Freight revenues are revenues for which G&W is paid on a per car, per container or per ton basis to move freight. Activities such as railcar switching, port terminal shunting, traction services and other similar freight-related services are excluded from our traffic information as the resulting revenues are not classified as freight revenue. Traffic information may not be indicative of total operating revenues, operating expenses, income from operations or net income.
G&W’s three reportable segments are summarized as follows:
- The North American Operations segment is comprised of nine operating regions in the U.S. and Canada. This segment represents about 57% of G&W’s total operating revenues and about 75% of G&W’s total income from operations.
- The Australian Operations segment is comprised of G&W’s existing operations in Australia and the newly-attained Freightliner Australia operations. This segment represents about 12% of G&W’s total operating revenues and about 14% of G&W’s total income from operations. Revenues from Freightliner’s Australia operations are not stated as freight revenues and therefore are not comprised of in this traffic report.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads, and provides railcar switching and other rail-related services. It operates in two segments, North American & European Operations and Australian Operations. The company transport various commodities, counting agricultural products, chemicals and plastics, metals, metallic ores, coal and coke, minerals and stones, pulp and paper, intermodal commodities, petroleum products, food and kindred products, autos and auto parts, wastes, and other commodities.
At the end of Wednesday’s trade, Baker Hughes Incorporated (NYSE:BHI)‘s shares surged 0.66% to $54.74.
Baker Hughes Incorporated (BHI) Chairman and Chief Executive Officer Martin S. Craighead declared that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable September 23, 2015 to holders of record on September 2, 2015.
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company’s 49,000 employees recently work in more than 80 countries assisting customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
Medical Properties Trust, Inc. (NYSE:MPW), ended its Wednesday’s trading session with 0.18% gain, and closed at $11.33.
Medical Properties Trust, Inc. (MPW) declared that it has signed a definitive agreement to acquire Capella Holdings, Inc. (“Capella”), a privately-owned hospital company headquartered in Franklin, Tennessee. Capella is one of the ten largest for-profit acute care hospital operators in the U.S. based on revenue. The $900 million total value of the transactions will be comprised of a $600 million investment in Capella’s real estate and an approximate $300 million investment in Capella’s operating entities, which is predictable to be owned jointly by MPT and Capella administration. The transaction will be right away accretive to MPT’s Normalized FFO (“FFO”) per share by $0.04 in the first year after closing.
MPT and Capella’s senior administration have agreed subject to execution of definitive documentation, to form a joint venture (“JV”) that will become the acquirer of Capella’s operating entities for a total consideration of about $300 million, counting a loan or other investment by MPT of about $290 million that will earn a fixed coupon in line with our initial lease rate. In addition, the JV agreement will provide for distributions to MPT that are predictable to result in additional returns under certain conditions. No such anticipated additional returns are comprised of in the estimated initial year accretion of $0.04 per share.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.
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