On Tuesday, Shares of Crestwood Equity Partners LP (NYSE:CEQP), lost -4.84% to $2.36.
Alerian, declared that Crestwood Equity Partners (CEQP) is predictable to be added to the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (CME:AMZE), replacing Crestwood Midstream Partners (CMLP) in a special rebalancing.
Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions comprise, but are not limited to, mergers, delistings, and bankruptcies. Pending unitholder approval, CMLP will cease to trade on the NYSE due to its merger with CEQP. If approved, the rebalancing will take place one full trading session after the constituent’s issuance of a press release indicating all needed merger votes have passed.
Crestwood Equity Partners LP provides midstream solutions to customers in the crude oil, natural gas liquids (NGLs), and natural gas sectors of the energy industry in the United States. It operates through three segments: Gathering and Processing; Storage and Transportation; and NGL and Crude Services.
Shares of Incyte Corporation (NASDAQ:INCY), inclined 4.66% to $99.59, during its last trading session.
Nasdaq, declared that Incyte Corporation (INCY), will become a component of the NASDAQ-100 Index (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) preceding to market open on Wednesday, October 7, 2015. Incyte Corporation will replace Altera Corporation (ALTR).
Incyte Corporation is headquartered in Palo Alto, California, and has a market capitalization of about $19 billion. For more information about the company, go to www.incyte.com.
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics primarily for oncology. It offers JAKAFI, an oral janus associated kinase (JAK) inhibitor for the treatment of patients with intermediate or high-risk myelofibrosis (MF), counting primary MF, post-polycythemia vera MF, and post-essential thrombocythemia MF.
At the end of Tuesday’s trade, Shares of General Mills, Inc. (NYSE:GIS), gained 0.27% to $55.56.
The General Mills Board of Directors, declared a quarterly dividend at the prevailing rate of $0.44 per share, payable Nov. 2, 2015, to shareholders of record Oct. 12, 2015. General Mills (GIS) and its predecessor firm have now paid dividends without reduction or interruption for 117 years.
In actions at General Mills’ 87th annual meeting held in Minneapolis, shareholders elected the 11 directors nominated, cast an advisory vote approving the company’s executive compensation, and ratified the appointment of KPMG LLP as the company’s independent auditor.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.
Finally, Avis Budget Group Inc. (NASDAQ:CAR), ended its last trade with -0.05% loss, and closed at $42.31.
Avis Budget Group, declared that more than 3,000 dealers have registered to date to take part in Avis Direct, the Company’s used-car sales program designed exclusively for licensed automobile dealers. Launched in February 2014, Avis Direct provides dealers with a dedicated website which offers for purchase a wide selection of late-model, off-rental vehicles from Avis, Budget, Payless and Zipcar — with no enrollment or purchase fees.
“Avis Direct was designed to provide dealers with a direct, easy, fast and no-fee way to purchase our high-quality used vehicles, while providing us with a way to maximize the financial return from our vehicle sales and minimize our fleet costs,” said Michael Schmidt, senior vice president of fleet services, Avis Budget Group. “We’re excited that, in less than two years, more than 3,000 dealers have enrolled in the program. The initiative is proving to be a great alternative distribution channel for vehicle disposition, and a success in terms of our planned aim of driving efficiency throughout the organization.”
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental.
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