On Friday, Shares of Rite Aid Corporation (NYSE:RAD), gained 1.29% to $8.61.
During the month of September, Rite Aid associates nationwide will honor 274 students who have been named recipients of Folds of Honor educational scholarships offered by The Rite Aid Foundation’s KidCents program. The $1.3 million donation to Folds of Honor, a nonprofit organization based in Owasso, Okla., dedicated to providing educational scholarships to children of fallen or disabled veterans, was first declared in May during Folds of Honor’s annual Patriot Cup Invitational.
Rite Aid CEO of Stores and President of Rite Aid Corporation Ken Martindale, who also serves as president of The Rite Aid Foundation, and Major Dan Rooney, CEO and Founder of Folds of Honor, will kick off the month of recognition by presenting 18 students from the greater Virginia Beach area with scholarships totaling $90,000. The presentation will take place recently at the Rite Aid store located at 897 Lynnhaven Parkway in Virginia Beach at 10 a.m.
“There’s no better place for us to start our month-long recognition of the KidCents scholarships recipients than Virginia Beach, a community that holds the men and women who serve our country, and their families, in the highest regard,” said Martindale. “I know I speak for Rite Aid associates everywhere when I say that to have an opportunity to meet the young scholars and their families, and to hear their stories and listen to them talk about their educational aspirations, is truly an honor. The Rite Aid Foundation is proud to be able to support these students and we look forward to celebrating their continued successes through our partnership with Folds of Honor.”
Folds of Honor was founded in 2007 by Major Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq. Since its inception, Folds of Honor has raised more than $70 million and awarded nearly 8,000 scholarships to the family members of fallen or disabled veterans.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of XPO Logistics, Inc. (NYSE:XPO), inclined 6.65% to $32.25, during its last trading session.
XPO Logistics and Con-way Inc. declared that they have reached a definitive agreement for XPO Logistics to acquire Con-way. The transaction will enhance XPO`s range of supply chain solutions by making XPO the second largest less-than-truckload (LTL) provider in North America, and will expand the company`s global contract logistics platform. XPO will also capitalize on synergies from the combination with Con-way`s managed transportation, truckload and freight brokerage businesses.
Headquartered in Ann Arbor, Mich., Con-way is a Fortune 500 company with a transportation and logistics network of 582 locations and about 30,000 employees serving over 36,000 customers. For the full year 2015, consensus analysts` estimates for Con-way are $5.7 billion of revenue and $528 million of adjusted EBITDA. The transaction is predictable to be substantially accretive to XPO`s earnings in the first 12 months.
All of the attained operations - Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal - will be rebranded as XPO Logistics.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics.
Finally, Cablevision Systems Corporation (NYSE:CVC), ended its last trade with 1.87% gain, and closed at $27.80.
Cablevision Systems Corporation and Tribune Media Company (TRCO) declared a broad-based multi-year content and media agreement. Specific financial terms were not revealed.
Under the agreement, Cablevision’s Optimum TV customers will continue to receive Tribune Media’s television stations in New York (WPIX-TV), Hartford (WTIC-TV and WCCT-TV), and Philadelphia (WPHL-TV). In addition, Cablevision will launch Tribune Media’s general entertainment cable network, WGN America, to its New York, New Jersey, and Connecticut video customers starting in January of 2016.
Cablevision also renewed its use of TV listings and movie data offered by Gracenote, Tribune Media’s digital data and entertainment company. Gracenote data is used to provide programming information on the Optimum interactive programming guide, DVR recordings and VOD content on set-top boxes and the Optimum app.
“Cablevision is a tremendous distribution partner and we are looking forward to bringing WGN America’s new original dramas such as “Underground” and “Outsiders” and exclusive syndicated programming like “Elementary” and “Person of Interest” to new audiences in the nation’s #1 market,” said Dana Zimmer, president of distribution for Tribune Broadcasting. “In addition, reaching agreement to extend Cablevision’s retransmission of WPIX and our stations in Hartford and Philadelphia ensures that millions of people in the tri-state area will continue to enjoy Mets and Yankees baseball games alongside high-quality local news, sports and entertainment programming for years to come.”
“We are happy to extend our long-standing relationship with Tribune Media on both the programming and media side and look forward to providing more compelling content with the addition of WGN America in 2016,” said Tom Montemagno, executive vice president of programming for Cablevision.
Cablevision Systems Corporation, together with its auxiliaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, counting programming, local broadcast network associates and independent television stations, other news, information, sports and entertainment channels, regional sports networks, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name.
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