On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 0.06% to $86.77.
Cainiao, the logistics associate of Alibaba Group, unveiled a swift delivery service in five Chinese cities, counting Beijing, Shanghai, Guangzhou, Hangzhou and Tianjin, that will deliver products to consumers within three hours after they place their orders. The logistics service will initially cover healthcare products ordered from Tmall.com but will be gradually expanded to cover other product categories. By the end of 2015, Cainiao plans to expand this service to 14 other major cities counting Shenzhen, Nanjing, Chongqing, Wuxi, Qingdao, Shenyang and Xi’an, bringing the total number of cities covered by this innovative service to 19.
At the initial launch, Cainiao has teamed up with more than 1,500 drugstores from five pharmacy chains that have flagship storefronts on Tmall.com. Two more pharmacy chains will join the scheme in Wuhan and Chengdu in late May.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Spectra Energy Corp. (NYSE:SE), inclined 0.69% to $36.28, during its last trading session.
Spectra Energy, stated first quarter 2015 distributable cash flow of $354 million, contrast with $324 million in the preceding-year quarter. Distributions per limited partner unit for first quarter 2015 were $0.60125, contrast with $0.55625 per limited partner unit in 2014.
For the quarter, stated earnings before interest, taxes, depreciation and amortization (EBITDA) were $436 million, contrast with $413 million in the preceding-year quarter. Ongoing EBITDA was $445 million, contrast with $413 million in the preceding-year quarter.
Stated net income from controlling interests was $293 million for first quarter 2015, contrast with $242 million in first quarter 2014. Ongoing net income from controlling interests was $302 million for the quarter contrast with $265 million in the preceding-year quarter.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
At the end of Tuesday’s trade, Shares of Valero Energy Corporation (NYSE:VLO), lost -1.27% to $57.53.
Valero Energy Corporation, declared that Joe Gorder, Chairman, President and Chief Executive Officer of Valero Energy Corporation will attend the Morgan Stanley Refining Corporate Access Day on Thursday, May 14.
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, product supply and distribution, and transportation operations.
Finally, KB Home (NYSE:KBH), ended its last trade with -1.45% loss, and closed at $14.27.
KB Home, declared the grand opening of its Creekside Park community in San Jose. Located close to Silicon Valley in an established neighborhood, Creekside Park is convenient to employment centers as well as beautiful parks and many other San Jose attractions.
Creekside Park is near major Silicon Valley employers like Facebook, Google, Salesforce and Tesla, and is just a short drive to Westfield Valley Fair Mall and Santana Row. With easy access to the 101 and 280 freeways, Creekside Park is also close to San Jose International Airport, San Jose State and Santa Clara University. Residents can enjoy picnic areas, bike paths and other outdoor recreation at Kelley Park, or activities at Happy Hollow Park and Zoo and the Japanese Friendship Garden nearby.
The attractive two- and three-story home designs accessible at Creekside Park range in size from 1,763 to 2,317 square feet, with up to four bedrooms and three-and-a-half baths. Creekside Park’s three distinctive floor plans feature open layouts, second-story decks, and built-in storage spaces, and can be personalized to suit each homebuyer’s individual preferences. Pricing starts in the high-$700,000s.
All KB homes, counting those at Creekside Park, are ENERGY STAR® certified with energy- and water-saving features that have the potential to significantly lower utility bills for KB homeowners contrast to typical new or resale homes.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
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