On Friday, Shares of AT&T, Inc. (NYSE:T), gained 0.59% to $34.33.
AT&T, declared that it has reached tentative agreements with the Communications Workers of America in wireline contract negotiations covering nearly 17,000 employees.
The tentative agreements were reached with AT&T Midwest and AT&T Corp. (CWA Telecommunications and Technologies unit). The AT&T Midwest contract covers about 12,000 employees in Illinois, Indiana, Michigan, Ohio and Wisconsin. The AT&T Corp. contract covers about 4,500 employees spread across the country.
The agreements will be presented to the union’s membership for ratification votes in the coming days. Out of respect for the union membership, AT&T will not comment on details of the tentative agreements until they have been presented to them for a vote by their leadership.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of Southern Company (NYSE:SO), inclined 1.25% to $43.72, during its last trading session.
Georgia Power this week started construction on new solar projects at Georgia Army bases Fort Gordon near Augusta and Fort Stewart near Savannah. At groundbreaking events at the bases Thursday and Friday, leadership from the company, the Georgia Public Service Commission (PSC), the U.S. Army, the U.S. Army Office of Energy Initiatives (OEI) and the General Services Administration (GSA) gathered with community leaders and others to tour the site and mark the starting of development.
Georgia Power and the U.S. Army first declared the Georgia 3×30 solar project in 2014. The project comprises of the development of three 30 megawatt (MW) solar generation facilities at three separate Army bases throughout the state. The projects, each of which may cover more than 200 acres, are planned to be accomplished and start delivering power to the state’s electric grid by the end of 2016.
Georgia Power is the largest partner of Southern Company (SO), one of the nation’s largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.4 million customers in all but four of Georgia’s 159 counties.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
At the end of Friday’s trade, Shares of Starwood Property Trust, Inc. (NYSE:STWD), lost -0.45% to $24.27.
Starwood Property Trust, declared operating results for the fiscal quarter ended March 31, 2015. The Company’s first quarter 2015 Core Earnings were $123.7 million, or $0.55 per diluted share, an enhance of over 10% from the $112.1 million, or $0.50 per diluted share, stated for the fourth quarter of 2014.
Real Estate Lending Segment
The Lending Segment primarily represents the Company’s on-balance sheet loan origination business. During the first quarter of 2015, the Lending Segment contributed Core Earnings of $109.9 million, or $0.49 per diluted share, an enhance of 3% from the $106.5 million, or $0.47 per diluted share, contributed for the fourth quarter of 2014. GAAP earnings during the first quarter of 2015 were $114.5 million, or $0.50 per diluted share, contrast to $109.1 million, or $0.48 per diluted share, contributed for the fourth quarter of 2014.
The Lending Segment originated and/or attained $721.4 million of new investments during the quarter, of which $658.7 million was funded at closing. During the quarter, the Company also funded an additional $130.4 million of pre-existing loan commitments. The Company’s activity during the quarter comprises:
- Originated a $111.6 million first mortgage and mezzanine loan for the acquisition of a 129-acre office park in Boca Raton, Florida.
- Attained a $105.6 million mezzanine loan secured by a 6,530-room, 24-property U.S. hotel portfolio.
- Originated a $73.3 million first mortgage and mezzanine loan for the acquisition of a 367-room full service hotel in New Orleans, Louisiana.
- Originated a $61.6 million first mortgage and mezzanine loan for the acquisition of a 499-room full service hotel in Indianapolis, Indiana.
- Originated a $58.9 million first mortgage and mezzanine loan for the acquisition of an 11-building office portfolio in Sonoma County, California.
- Originated a $48.4 million first mortgage and mezzanine loan for the acquisition of a portfolio of 29 bank branch properties located primarily in Phoenix, Arizona.
Starwood Property Trust, Inc. originates, acquires, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States and Europe.
Finally, Globalstar Inc. (NYSEMKT:GSAT), ended its last trade with -1.16% loss, and closed at $2.56.
Globalstar, declared that it will take part in the 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference May 18-20 in Boston, Massachusetts. Jay Monroe, Chairman and CEO of Globalstar, and John Dooley, Founder and Managing Director of Jarvinian Ventures, will speak on behalf of the Company, however, there will not be formal presentation materials.
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
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