During Wednesday’s Current trade, Shares of T. Rowe Price Group Inc (NASDAQ:TROW), lost -0.59% to $68.65.
T.Rowe Price Group, Inc. (TROW) declared that its board of directors has elected H. Lawrence “Larry” Culp, Jr. and Alan D. Wilson to be independent directors of the company.
Mr. Culp was chief executive officer and president of Danaher Corporation from 2001 to 2014 and is now a senior advisor to the company. He serves as chair of the Board of Visitors and Governors for Washington College and as a member of the Board of Trustees of Wake Forest University. Mr. Culp recently joined the faculty of the Harvard Business School as a senior lecturer and in 2014 he ranked 38th on Harvard Business Review’s list of the 100 best-performing CEOs in the world.
Mr. Culp holds a Bachelor of Arts degree from Washington College and an M.B.A from Harvard Business School.
Mr. Wilson is chairman and chief executive officer of McCormick & Company, Incorporated, a position he has held since 2008. He serves on the boards of directors of WestRock Company, the Grocery Manufacturers Association, the National Association of Manufacturers, and the Greater Baltimore Committee. Mr. Wilson also serves on the Board of Visitors of the University of Maryland, Baltimore County (UMBC) in addition to the Advisory Council for the University of Tennessee’s Haslam College of Business. He was named the 2013 Business Leader of the Year by Loyola University Maryland’s Sellinger School of Business and Administration.
T.Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. Through its auxiliaries, it launches and manages equity and fixed income mutual funds. The firm also launches balanced mutual funds and private equity funds.
Shares of Edison International (NYSE:EIX), declined -0.21% to $60.72, during its current trading session.
Zamansky LLC declares its investigation of Edison International Inc. (EIX)(“Edison”) and the Edison 401(k) Savings Plan (the “Plan”) for possible violations of the federal Employee Retirement Securities Act of 1974 (“ERISA”). ERISA imposes fiduciary duties to prudently manage and invest the assets of the Plan. These duties were potentially violated by Edison’s continued offering of its company stock while it allegedly knew that the stock price was artificially inflated.
On July 6, 2015, a securities fraud complaint was filed against Edison and two officers in U.S. District Court, Southern District of California, 15-CV-1478. The complaint alleges that Edison’s stock price was artificially inflated from July 31, 2014, through June 24, 2015, from material non-disclosure about problems with its $3.3 billion “SONGS” settlement between Edison’s partner, Southern California Edison, and the California Public Utility Commission (“CPUC”). The “SONGS” settlement relates to SCE’s allegedly over-billing of utility customers for the costs of closing its San Onofre Nuclear Generating Station in 2012.
Edison International, through its auxiliaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, agricultural and other, industrial, and public authorities through transmission and distribution netoperates.
Praxair, Inc.(NYSE:PX), during its Wednesday’s current trading session decreased -0.82% to $102.59.
Praxair, Inc. (PX) has priced $300 million of 2.25% notes due September 24, 2020 and $450 million of 3.20% notes due January 30, 2026. The notes are being offered under its shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Mitsubishi UFJ Securities (USA), Inc.
The offering is predictable to close on September 24, 2015. The company anticipates using the proceeds of the offering for general corporate purposes, counting the repayment of outstanding indebtedness. Proceeding to their application, the net proceeds may be used to repay short-term debt and/or invested in short-term investments.
Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, in addition to surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
Finally, Hartford Financial Services Group Inc(NYSE:HIG), gained 0.48%, to $44.35.
As benefits increasingly move from employer-paid to employee-paid, The Hartford expanded its benefits education platform to assist consumers understand their options and make informed decisions. Leveraging several years of proprietary research, the employee benefits provider now offers an interactive experience using decision-tree logic that assists consumers choose and finalize benefits purchases.
The Hartford’s interactive MyTomorrow® platform walks consumers through specific benefit options offered by their employer and makes suggestions about coverage amounts based on their answers to questions. At the end of the experience, they receive a synopsis of the online conversation and a detailed summary of their benefit choices, which can be printed or emailed for later use. The educational program is supported by additional resources, counting new light-hearted videos.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The company’s Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverages, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverages. Its Personal Lines segment provides standard automobile, homeowners, and personal umbrella coverages to individuals.
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