On Tuesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.79% to $66.80.
JPMorgan Chase & Co., declared that its US-based employees can now expense Uber rides for work travel. The move will give over 100,000 employees from locations across the country access to Uber’s expanding presence and seamless experience when traveling for business purposes or going home after a late night in the office.
“Allowing our employees to use Uber for business travel just makes sense,” said Trish Wexler, Chase’s Chief Communications Officer. “It’s cost efficient for the company, and convenient for our employees.”
“JPMorgan Chase is a recognized leader in financial services, and we are thrilled they are choosing Uber for Business as a recommended transportation option for employees,” said Emil Michael, SVP of Business at Uber. “Over 70% of the United States is within 10 minutes or less of an Uber, and we look forward to connecting JPMorgan Chase employees with a safe, reliable and affordable ride whenever and wherever they need one.”
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Broadcom Corp. (NASDAQ:BRCM), declined -0.30% to $51.42, during its last trading session, after analysts at Oppenheimer downgraded the company to “perform” from “outperform.”
“Our Asia and Valley visits last month uncovered limited momentum heading into 2H15 as slower PC, handset, wireless comms and mixed industrial data conspire to keep a lid on growth/upside,” analysts said.
In addition, channel inventory appears generally okay and lead times remain relatively short, according to the analyst note.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
Finally, NRG Yield, Inc. (NYSE:NYLD), ended its last trade with 1.18% gain, and closed at $22.36.
NRG Yield, declared that, in connection with its formerly declared offering of $250 million in aggregate principal amount of its 3.25% convertible senior notes due 2020 (the “Notes”), the underwriters of the offering have exercised in full their option to purchase an additional $37.5 million in aggregate principal amount of the Notes, bringing the total aggregate principal amount of Notes sold in the offering to $287.5 million. The closing of the offering was predictable to occur on June 29, 2015, subject to customary closing conditions.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
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