On Wednesday, Shares of eBay Inc (NASDAQ:EBAY), lost -0.61% to $26.20.
This month marks the 20th anniversary of eBay, the iconic global brand and vibrant marketplace where the world goes to shop, sell, and give. Founded over Labor Day weekend in 1995, the e-commerce pioneer revolutionized the way people connected 20 years ago and remains a leading technology innovator. With the release of eBay 4.0, a new app for iOS and Android, eBay continues to innovate by creating an easier, more personalized way to shop and sell, and enabling its global community to discover a singular selection of things that inspire them – anytime, anywhere.
“The new eBay mobile app reflects our commitment to designing great experiences for our buyers and enabling continued growth for our sellers. Our success is driven by our extraordinary global community – and we are driven by our purpose to empower people and create opportunity through connected commerce,” said Devin Wenig, eBay Chief Executive Officer. “As we celebrate the 20th anniversary of our amazing company, our marketplace has never been larger, never had more choice for consumers around the world, and never been more vibrant than recently. We’re just getting started.”
“eBay 4.0 is a noteworthy step for the company and underscores our commitment to the mobile commerce world we live in recently,” said RJ Pittman, eBay Chief Product Officer. “Inspired by customer feedback, the new app introduces a simplified user experience and personalization that learns from your interests, and delivers a tailored shopping and selling experience based on activity. This release represents an exciting new starting point from which we aim to drive big innovation across all devices at once.”
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of Phillips 66 (NYSE:PSX), inclined 0.96% to $80.56, during its last trading session.
Phillips 66 (PSX) and Spectra Energy (SE), 50/50 joint venture owners in DCP Midstream, LLC, have reached a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is predictable to provide DCP Midstream with a stronger balance sheet and raised financial flexibility, and positions DCP to grow through commodity price cycles.
Spectra Energy has agreed to contribute its ownership interest in both the Sand Hills and Southern Hills NGL pipelines. Phillips 66 has agreed to contribute $1.5 billion in cash, which is predictable to be used to pay down a portion of the DCP Midstream revolving credit facility. The transaction, anticipated to close in the fourth quarter of this year, is subject to the parties entering into a definitive agreement and customary consents, counting approval by Spectra Energy Partners’ board of directors and regulatory approvals.
The projected transaction complements efforts at DCP Midstream to reduce operating costs, sell certain non-core assets, and convert certain contracts from commodity price sensitive to fee-based.
“DCP Midstream is a valuable portion of our NGL value chain and part of our plans to grow,” said Greg Garland, chairman and CEO of Phillips 66. “This infusion of cash and operating assets by the joint venture owners will enhance the credit profile of DCP Midstream, provide stability to the existing business and allow pursuit of growth opportunities.”
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States.
Finally, Dollar General Corp (NYSE:DG), ended its last trade with -1.46% loss, and closed at $71.98.
Dollar General Corp, declared that the Company’s Board of Directors has declared a quarterly cash dividend of $0.22 per share on the Company’s common stock. The dividend will be payable on September 30, 2015 to shareholders of record at the close of business on September 16, 2015.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables compriseing of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which comprise pet supplies and pet food; and tobacco products.
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