On Monday, Shares of Hertz Global Holdings Inc (NYSE:HTZ), lost -2.89% to $16.80.
Alexandria Marren is joining Hertz Global Holdings (HTZ) as Executive Vice President, North American Rental Car Operations. Marren is a travel-industry veteran with more than 30 years of experience and leadership in operations and customer service functions.
Hertz also named Dewayne Kirkham as Senior Vice President and General Manager of Hertz Local Edition (HLE). A 19-year veteran of Hertz, Kirkham will have responsibility for Hertz’s off-airport operation, which comprises more than 3,000 locations in the U.S.
“Alex is an exceptional leader who brings to Hertz a track record of results across a broad range of operational and customer service roles,” said John Tague, Hertz president and chief executive officer. “As an executive, she has demonstrated that she can compriseently deliver high-quality service combined with efficiency, effectiveness and exceptional financial performance.
Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Shares of Broadcom Corporation (NASDAQ:BRCM), declined -1.92% to $47.50, during its last trading session.
Broadcom Foundation and Society for Science & the Public, declared the selection of 300 students as semifinalists in the fifth annual Broadcom MASTERS — the nation’s most prestigious Science, Technology, Engineering and Math (STEM) competition for middle school students.
The Broadcom MASTERS (Math, Applied Science, Technology, and Engineering for Rising Stars) rewards sixth, seventh and eighth grade students who have followed their personal passions in science or engineering and inspires them to continue their studies in math and science throughout high school. As the students focus on Project-Based Learning, the scientific method and the engineering process through hands-on challenges and competitions, they are taught the 21st century skills of critical thinking, collaboration, communication and creativity.
“Broadcom MASTERS enables middle school students to harness their potential as future scientists, engineers and innovators to solve problems and create inventions that will impact their world,” said Paula Golden, President and Executive Director, Broadcom Foundation and Director, Community Affairs, Broadcom Corporation. “We are extremely proud of the many thousands of young men and women who were nominated to compete because of their amazing science fair projects and congratulate 300 semifinalists from around the United States who have reached this exciting stage of the competition.”
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.
Finally, Willbros Group Inc (NYSE:WG), ended its last trade with 13.11% gain, and closed at $0.850.
Willbros Group, declared that it received notification on August 11, 2015 from the New York Stock Exchange that the price of Willbros common stock has fallen below the NYSE’s continued listing standard, which requires the average closing price of a listed company’s common stock to be at least $1.00 per share over a successive 30-day trading period.
Willbros intends to respond to the NYSE within 10 business days with a plan to cure the deficiency. The Company has six months, or in certain circumstances, until it can take shareholder action at its next annual meeting, to regain compliance with the NYSE continued listing requirements. During the cure period, Willbros common stock will continue to be listed and traded on the NYSE, subject to compliance with the other listing standards. The NYSE notification does not conflict with or violate any of the Company’s credit or debt obligations.
John T. McNabb, II, Chairman and Chief Executive Officer, commented, “The current share price does not reflect the intrinsic value of Willbros. Our share price has been under pressure due to macro events, which have affected the global energy industry in addition to events specific to Willbros’ financial performance. Over the last 11 months, at the direction of the Board of Directors, administration has taken aggressive actions to reduce G&A costs, exit non-performing businesses, and sell non-core assets in order to reduce debt, bolster operating staff and administration, and streamline operations. Our formerly revealed plan to sell our Professional Services segment remains on track and we believe we should have a contract in place to sell the segment by the end of the third quarter, with the potential to significantly reduce our debt levels in the fourth quarter of 2015. We believe all these actions will restore confidence in the company and translate into a higher valuation for our shareholders.”
Willbros Group, Inc., together with its auxiliaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally.
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