On Tuesday, Shares of Exelon Corporation (NYSE:EXC), lost -3.35% to $27.69.
More than 100 District of Columbia residents and community groups turned out at a hearing recently to tell the Public Service Commission of the District of Columbia (PSC) that they support the merger of Pepco Holdings Inc. (POM) and Exelon Corporation (EXC) for the noteworthybenefits it will bring to the region.
The PSC called the hearing as a forum for individuals and organizations in the District to comment on the merger settlement the companies reached with the Government of the District of Columbia and others on Oct. 6, 2015. The Commission on Oct. 28 reopened the record to consider the settlement with the District Government and others, and set a plan for the reconsideration of the merger application that would allow it to issue a decision in the first quarter of 2016.
The merger settlement comprises numerous commitments to the District, counting providing $72.8 million in direct customer benefits, counting bill credits, assistance for low-income customers, fewer and shorter power outages, and investment in a cleaner and greener D.C.
“Efficiency, reliability and sustainability – those are the things that drove me to be here recently,” said Ellen Jefferson, a District resident who attended the hearing to voice her support. “As a business owner, I know what it means when you don’t have power – it means thousands of dollars of lost revenue. I understand that it takes lots and lots of resources to ensure continuity of power, but I think that the Pepco-Exelon merger will create some synergies that were not there before.”
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Shares of Charles Schwab Corp (NYSE:SCHW), inclined 0.68% to $32.81, during its last trading session.
A new survey from Compliance Solutions at Charles Schwab finds the role of the compliance officer is evolving and growing in scope across corporate America. Among those compliance professionals surveyed, 80 percent feel their role is valued within their firm and nearly two-thirds (62%) believe they have influence over corporate decisions. The survey also reveals a need for more tools designed to assist compliance officers do their jobs more efficiently and effectively.
“The role of the compliance officer has changed dramatically over the past decade as technology has allowed businesses to operate at lightning speed, and as the regulatory environment evolves at a breakneck pace,” said Scott Rister, vice president and general manager, Compliance Solutions. “As a result, many more companies consider the compliance officer an asset than ever before. Businesses have an opportunity to use compliance to demonstrate a commitment to transparency and trustworthiness to their clients and a robust compliance plan is central to strengthening a firm’s brand value.”
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, Shares of SouFun Holdings Ltd (NYSE:SFUN), ended its last trade with -2.30% loss, and closed at $7.45.
SouFun Holdings Limited, declared its unaudited financial results for the three months ended September 30, 2015.
Third Quarter 2015 Highlights
- Total Revenue raised by 30.4% year-on-year to $248.5 million. Revenue from e-commerce services raised by 111.0% year-on-year to $142.6million.
- Operating loss was $31.8 million. Non-GAAP operating loss was $30.6 million. A description of the adjustments from GAAP to non-GAAP operating income is set forth below.
- Net income attributable to SouFun’s shareholders was $1.4 million.
- Non-GAAP net loss attributable to SouFun’s shareholders was $31.9 million, a $0.08 loss per fully-diluted earnings ADS.
- GMV raised by 56% from $6.8 billion in the second quarter of 2015 to $10.6 billion in the third quarter. The following table shows GMV by quarter for the nine months of 2015.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.