On Friday, Following U.S. Stocks were among the “Top Losers”: American Realty Capital Properties, Inc. (NASDAQ:ARCP), Avis Budget Group, Inc. (NASDAQ:CAR), Flowserve Corp. (NYSE:FLS), Endurance International Group Holdings, Inc. (NASDAQ:EIGI)
American Realty Capital Properties, (NASDAQ:ARCP), with shares declined -2.99%, closed at $9.72.
Avis Budget Group, (NASDAQ:CAR), with shares dropped -2.95%, settled at $58.23.
Flowserve, (NYSE:FLS), with shares dipped -2.94%, and closed at $56.38.
Endurance International Group Holdings, (NASDAQ:EIGI), plummeted -2.91%, and closed at $18.00.
Latest NEWS regarding these Stocks are depicted underneath:
American Realty Capital Properties, Inc. (NASDAQ:ARCP)
Cole Capital, declared that William C. Miller will join the Corporation as Senior Vice President and Chief Sales Officer effective Monday, March 16, 2015. In this leadership role, Mr. Miller will lead all internal and external sales efforts, in addition to oversee broker-dealer relationship administration. He will work closely with Michael Ezzell, Cole Capital’s CEO and President, and Terry Mullen, Senior Advisor to the Corporation, on strategy, business development and distribution, drawing on his nearly 20 years of proven experience in the financial services industry.
“Our ability to attract someone of Bill’s caliber with a demonstrated track record of success to lead our Sales and National Accounts teams is a testament to the Cole Capital platform and its leadership position in the alternative investment industry,” said William Stanley, interim Chairman and CEO of American Realty Capital Properties, Inc. (ARCP), the parent corporation of Cole Capital. “Bill will be able to leverage his industry experience and proven ability to effectively manage and grow sales organizations. Our team is very excited to work with him as we focus on normalizing relationships with our broker-dealer partners and financial advisor network.”
Mr. Miller was most recently with American Funds, where he served as Senior Vice President/Director of National Accounts. In this role, he led teams responsible for relationship administration, contract negotiations, selling contracts and business development with wirehouses, regional broker-dealers and global banks, and also served on the leadership team that successfully built, launched and executed a new operating model for the firm’s North American distribution. Additionally, he has held senior leadership roles at Realty Capital Securities, LLC (Executive Vice President/Managing Director, National Products), AXA Equitable Distributors, LLC (Executive Vice President/Chief Sales Officer) and Lincoln Financial Distributors (Senior Vice President and Channel President). In these roles, his accomplishments comprise reorganizing and rebuilding sales teams, significantly increasing selling contracts, expanding distribution networks and generating considerable sales raises.
Cole Capital is the private capital administration business of American Realty Capital Properties, Inc. (ARCP). As an industry leading non-listed REIT sponsor, Cole Capital creates innovative net lease real estate products that serve individual investors and financial professionals.
American Realty Capital Properties, Inc. owns and attains single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants.
Avis Budget Group, Inc. (NASDAQ:CAR)
Avis Budget Group, Inc. (CAR), declared that its wholly-owned partner, Avis Budget Car Rental, LLC, has accomplished an offering of $375 million aggregate principal amount of 5.25% senior notes due 2025.
The Corporation intends to use the net proceeds from this offering for general corporate purposes, counting to redeem all $223 million of its outstanding 9.75% senior notes due 2020, and to finance a portion of its planned attainment of Maggiore Group, a leading vehicle rental corporation in Italy.
The newly-issued notes are senior unsecured obligations of Avis Budget Car Rental, LLC, were issued at par and will be guaranteed on a senior basis by Avis Budget Group and certain of its domestic auxiliaries.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company have more than 10,000 rental locations in about 175 countries around the world, and through its Zipcar brand, which is the world’s leading car sharing network, with more than 900,000 members.
Flowserve Corp. (NYSE:FLS)
Flowserve Corp. (FLS), a leading provider of flow control products and services for the global infrastructure markets, declared that it has priced an underwritten public offering of €500.0 million aggregate principal amount of 1.250% Senior Notes due 2022, at a price equal to 99.336% of the aggregate principal amount of the Notes. The corporation anticipates that the offering will close on or around March 17, 2015, subject to customary closing conditions.
The corporation anticipates to receive net proceeds of about €491.8 million from the offering, after deducting discounts to the underwriters and estimated offering fees and expenses. The corporation intends to use the net proceeds of the offering to repay the current balance on the corporation`s revolving credit facility, which was the predominant source of funds for the attainment of SIHI Group B.V. in January 2015, and use the remainder for general corporate purposes, which may comprise attainments.
J.P. Morgan Securities plc and Merrill Lynch International are acting as joint book running managers for the offering.
Flowserve Corp. is one of the world`s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the corporation produces engineered and industrial pumps, seals and valves in addition to a range of related flow administration services.
Endurance International Group Holdings, Inc. (NASDAQ:EIGI)
Endurance International Group Holdings, Inc. (EIGI), unveiled Instant AppMachine, its first product partnership with Netherlands-based technology developer AppMachine. Instant AppMachine enables users to create a professional mobile application in minutes from a smartphone, tablet or desktop, with no coding required. Designed around a simple, easy-to-use interface, Instant AppMachine makes having a unified mobile presence within reach for small businesses and individuals who don’t have the time, money, or resources to develop their own mobile application. Endurance CEO Hari Ravichandran and AppMachine CEO Siebrand Dijkstra together unveiled Instant AppMachine at a lunch kicking off the start of SXSW Interactive 2015 in Austin, Texas.
Instant AppMachine is the next generation in DIY (“do-it-yourself”) for small businesses looking to more meaningfully engage with their customers by giving them one place to learn, engage, and transact with their business. For small businesses, Instant AppMachine can connect all aspects of a business’s current web presence into a unified HTML5 mobile site, syncing up with their desktop presence in addition to with social media and other content published online. Instant AppMachine can also seamlessly migrate that mobile site into a native mobile application for both iOS and Android operating platforms. The product is presently accessible in a limited beta version and will be widely accessible to consumers in the summer of 2015. To see Instant AppMachine in action, watch how The National Parks, a Utah-based rock band, used it to connect with and grow their fan base: http://youtu.be/w3fM_-QLuPo.
On Tuesday, Endurance released Small Business Perspectives on Mobile, the results of a 2015 survey of its U.S.-based small business customers. The survey found that a majority of respondents (68%) believe having a mobile app would assist them sell more and engage better with their customers. However, more than three quarters of respondents (78%) said they do not presently have a mobile solution or mobile app for their business.
Endurance International Group Holdings, Inc., together with its auxiliaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. As a leading provider of cloud-based platform solutions to assist small and medium-sized business owners succeed online, Endurance, through its family of brands – counting Bluehost, HostGator, iPage, Domain.com, A Small Orange, MOJO Marketplace and ResellerClub – supports about 4.1 million subscribers and is able to tailor solutions for small businesses at every stage and level of sophistication. Endurance is headquartered in Burlington, Massachusetts, has a presence in Asia and the Americas, and employs over 2,500 people.
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