On Monday, Shares of SunPower Corporation (NASDAQ:SPWR), gained 4.92% to $30.04.
The following statement is from Tom Werner, SunPower president and CEO, on congressional approval of the Solar Investment Tax Credit (ITC) extension:
“With Congressional approval on a five-year extension of the Solar Investment Tax Credit (ITC), we have a fresh runway that will only accelerate the global energy transformation to clean, sustainable sources such as solar. The ITC extension provides a sense of certainty that allows for new investments that might not have been possible in its absence.
“Every day, we see increasing numbers of homeowners, public agencies and businesses taking advantage of the benefits of solar power. Beyond our industry, this is good for families and for the bottom line of every sector, and will assist achieve environmental and economic aims well into the future.
Sun Power Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.
Shares of Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), inclined 0.23% to $48.70, during its last trading session.
Ctrip.com International, declared that, at its 2015 annual general meeting of shareholders held recently, shareholders of the Company adopted the following resolution as a special resolution projected by the Company:
THAT the second amended and restated memorandum and articles of association of the Company (“New M&AA”) is hereby approved and adopted to
(i) improvement the authorized share capital of the Company from ‘US$1,000,000 divided into 100,000,000 ordinary shares of a nominal or par value of US$0.01 each’ to ‘US$1,750,000 divided into 175,000,000 ordinary shares of a nominal or par value of US$0.01 each; and
(ii) incorporate the amendments to the presently effective amended and restated memorandum and articles of association of the Company adopted by the shareholders of the Company on October 17, 2006 and October 26, 2012 (the “Historical Amendments”), respectively, into the New M&AA, and further amend and restate the relevant articles involved in Historical Amendments
to
’80. There shall be a Board of Directors (the “Board”) compriseing of not more than nine (9) Directors, offered that the Company may from time to time by Ordinary Resolution improvement or decrease the number of Directors on the Board. Three (3) Directors (each, a “Founder Director”) shall be designated by the Company’s founders compriseing of James Jiangzhang Liang, Neil Nanpeng Shen, Qi Ji and Min Fan (collectively, the “Founders”), subject to the approval of a majority of the Independent Directors (as such term is defined under applicable NASDAQ marketplace rules). One (1) Director shall be the then current Chief Executive Officer of the Company. The remaining Directors (each, an “Ordinary Director”) shall be elected or designated by the Board in accordance with Article 83 or by the Members at general meeting. The Members may by Ordinary Resolution appoint any person to be an Ordinary Director, and may in like manner remove any Ordinary Director and appoint another person in his place.
- [Intentionally omitted.]
- Subject to Article 117, each Director shall hold office until the expiration of his term and until his successor shall have been elected and qualified following Article 80.
- Newly created directorships resulting from any improvement in the authorized number of Directors or any vacancies in the Board resulting from death, resignation, retirement, disqualification, removal from office or other cause may be filled by a majority vote of the Directors then in office even though less than a quorum, or by a sole remaining director. In the event of any improvement or decrease in the authorized number of Directors, each Director then serving as such shall nevertheless continue as a Director until the expiration of his or her current term or his or her death, retirement, removal or resignation. In the event of a vacancy in the Board, the remaining Directors may exercise the powers of the full Board until the vacancy is filled. No decrease in the number of directors constituting the Board shall shorten the term of any incumbent Director.’
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
Finally, Franklin Resources, Inc. (NYSE:BEN), ended its last trade with 0.70% gain, and closed at $35.24.
Franklin Limited Duration Income Trust (NYSE MKT: FTF), a closed-end investment company managed by Franklin Advisers, Inc., declared a dividend of $0.0620 per share, payable January 15, 2016, to shareholders of record on December 31, 2015 (Ex-Dividend Date: December 29, 2015).
Dividends may vary based on the Fund’s net investment income. Past dividends are not indicative of future trends.
Franklin Resources, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its auxiliaries.
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