On Monday, Shares of NiSource Inc. (NYSE:NI), lost -0.88% to $16.84.
NiSource, declared that on July 3, 2015 its Board of Directors elected Kevin T. Kabat to the Board. He will also serve on the Board’s Audit and Finance committees.
Mr. Kabat presently serves as chief executive officer of Fifth Third Bancorp, a position he has held since April 2007, and vice chairman. Before becoming CEO, he served as president since 2006 after leading both retail and associate banking. He was formerly vice chairman and president of Old Kent Bank, which was attained by Fifth Third Bancorp in 2001.
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations.
Shares of Southern Company (NYSE:SO), inclined 0.54% to $43.12, during its last trading session.
In a continuous effort to support wildlife protection and natural resource conservation, Southern Company and the National Fish and Wildlife Foundation (NFWF) declared $4.6 million in grants to establish and enhance more than 173,000 acres of longleaf pine. Among the grants are 11 projects within the Southern Company system service area in Alabama, Florida, Georgia and Mississippi.
The 2015 grants will support 22 projects that are a part of NFWF’s Longleaf Stewardship Fund, a landmark public-private partnership that comprises the U.S. Department of Agriculture’s Forest Service and Natural Resources Conservation Service; the U.S. Department of Defense; the U.S. Fish and Wildlife Service; Southern Company; International Paper’s Forestland Stewards Initiative; and Altria Group.
These projects are designed to establish more than 11,600 acres and enhance more than 163,000 additional acres of longleaf pine habitat across the historic longleaf range. The 11 projects within the Southern Company system service territory are predictable to impact more than 132,000 acres. Two of these projects are also receiving funding through the company’s Power of Flight program, in partnership with NFWF.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Finally, KBR, Inc. (NYSE:KBR), ended its last trade with -2.59% loss, and closed at $18.80.
KBR, declared that on June 30, 2015 it finalized the sale of its Building Group partner to Pernix Building Group, LLC, a partner of Pernix Group, Inc. The sale of the Building Group completes a major aspect of the business transformation strategy KBR declared at its Investor Day last December.
“This represents a major step forward in our commitment to make KBR a more streamlined and focused organization,” said Stuart Bradie, KBR President and CEO. “We are happy to continue to deliver on the promises we made to our customers and shareholders when we declared our business transformation strategy in December.”
The transaction`s price is $22 million, and KBR anticipates to record a pre-tax gain of about $28 million in its second quarter 2015 financial results.
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
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