On Wednesday, Shares of SunEdison, Inc. (NYSE:SUNE), lost -7.57% to $11.96.
SunEdison together with institutional investors advised by J.P. Morgan Asset Administration – Global Real Assets, recently declared a planned partnership to fund renewable energy projects in both operating and construction stages. Under the partnership commitment, J.P. Morgan’s clients are predictable to provide equity to purchase renewable energy projects developed or purchased by SunEdison. Remaining project costs are predictable to be funded with traditional, non-recourse commercial bank debt and tax equity.
This partnership, which will be majority owned by J.P. Morgan’s clients, and may be expanded with the agreement of both partners, is initially predictable to fund the purchase of a 33 percent interest, valued at $300 million, in a 425 megawatt (MW) AC portfolio of solar assets owned by Dominion (NYSE:D). Both KeyBank N.A. and Santander Bank, N.A. have committed to provide project debt financing, subject to certain conditions.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of Delta Air Lines, Inc. (NYSE:DAL), declined -1.24% to $46.01, during its last trading session.
Delta Air Lines presented at the Cowen and Company 8th Annual Global Transportation Conference at 3:30 p.m. ET on Wednesday, Sept., 9, 2015.
The online replay will be available at the same site shortly after the webcast is complete until Dec. 8, 2015.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, Office Depot, Inc. (NASDAQ:ODP), ended its last trade with -2.09% loss, and closed at $7.48.
Office Depot, a leading global provider of office products, services and solutions and parent company of Office Depot and OfficeMax, found that small- and medium-sized businesses (SMBs) cite office supplies as their top investment for the second half of 2015. SMB owners believe office supplies fuel business operations and produce feelings of productivity and control, assisting them “gear up for great.”
According to Office Depot’s Small Business Index, the top three SMB investments for the second half of 2015 are:
- Office gear (31%),
- Payroll and salaries (25%), and
- Advertising and marketing (22%).
“At Office Depot, we realize it’s important for SMBs to make the right investments to stay nimble and lean,” said Steve Calkins, executive vice president, business solutions division for Office Depot, Inc. “Whether it’s paper and pens or computers, we make it easy to equip SMBs with tools that maximize efficiency and assist them achieve success.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
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