On Friday, Shares of First Horizon National Corp (NYSE:FHN), gained 0.06% to $15.85.
Donations to benefit the families of the four Marines and one sailor killed in the July 16 attack on a military operations center in Chattanooga will be matched by the First Tennessee Foundation, up to a total of $15,000. Donations to the Community Foundation of Greater Chattanooga brought to any First Tennessee Bank branch throughout Tennessee by Aug. 14 will be eligible for the match.
“Our community has come together to support our military service members who put themselves in harm’s way for us,” said Keith Sanford, First Tennessee’s Chattanooga market president. “We urge the public to generously assist the families of these heroes who paid the ultimate price.” Bank employees will accept checks or cash contributions to be deposited in a dedicated account.
“At First Tennessee we have strong ties to our communities, and this is one way we honor that commitment,” said David Popwell, president of banking for First Horizon National Corp. (FHN), First Tennessee’s parent company. “The outpouring of solidarity and support in Chattanooga has been amazing, and we hope this matching gift gives people across Tennessee a tangible way to show they care for our friends and neighbors to the southeast.”
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally.
Shares of Garmin Ltd. (NASDAQ:GRMN), declined -0.66% to $41.91, during its last trading session.
Garmin Ltd., declared that it will open new brick-and-mortar stores in the greater Miami area. These Garmin showcases will offer the company’s most popular products, combined with renowned customer service and in-depth, hands-on product demonstrations.
“The Garmin stores are located in high volume traffic areas that draw a mix of locals and travelers from around the globe,” said Dan Bartel Garmin vice president of worldwide sales. “Customers can engage with a team of knowledgeable Garmin associates who can answer questions, demonstrate products, and assist select the perfect device. It’s another way to demonstrate that Garmin has a very diverse product portfolio with devices that can benefit virtually anyone who leads an active lifestyle.”
Garmin Ltd., together with its auxiliaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide.
At the end of Friday’s trade, Shares of ITT Corp (NYSE:ITT), gained 0.50% to $38.00.
ITT Corporation, stated 2015 second-quarter financial results, counting stronger operating margins and earnings per share growth, that reflected net operating productivity, restructuring savings from proactive actions and effective cost containment in a challenging macroeconomic environment.
On a GAAP basis, the company delivered revenue of $628 million in the second quarter, reflecting a 5 percent decline, primarily due to unfavorable foreign exchange. GAAP segment operating margins expanded 90 basis points to 14.3 percent. Second-quarter GAAP EPS raised to $1.56, contrast with $0.44 in the preceding year, primarily due to the recognition of a $101 million pre-tax benefit, or $0.70 per share, associated with implementing a new single-firm asbestos defense strategy.
ITT Corporation manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies.
Finally, Weingarten Realty Investors (NYSE:WRI), ended its last trade with 0.60% gain, and closed at $35.18.
Weingarten Realty declared the results of its operations for the quarter ended June 30, 2015. The supplemental financial package with additional information can be found on the Company’s website under the Investor Relations tab.
Second Quarter Operating and Financial Highlights
- Recurring Funds from Operations Attributable to Common Shareholders (“FFO”) for the quarter raised to $0.54 per diluted share from $0.51 per diluted share a year ago;
- Same Property Net Operating Income raised 4.1% over the same quarter of the preceding year;
- Occupancy raised 0.7% over the same quarter of the preceding year to 95.5%;
- Rental rates on new leases and renewals were up 16.8% and 10.9%, respectively;
- Senior unsecured bonds totaling $250 million were issued at an all-in cost of 3.77%; and
- Acquisitions totaling $81 million were accomplished during the quarter.
Weingarten Realty Investors is a publically owned equity real estate investment trust. The firm invests in the real estate markets of United States. The firm engages in ownership, administration, acquisition, development, and redevelopment.
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