On Friday, Men’s Wearhouse Inc (NYSE:MW)’s shares inclined 0.88% to $62.21.
The Men’s Wearhouse (MW) declared it has signed a 10-year agreement with Macy’s, Inc. to operate men’s tuxedo rental shops inside 300 Macy’s stores. No other terms were revealed.
The new Macy’s Tuxedo Shop is predictable to be located in or near the Men’s Department and will have dedicated space staffed by our formalwear professionals. The Men’s Wearhouse will start operating 17 pilot tuxedo shops in fall 2015, then start the rollout of the remaining shops with the expectation that 300 shops will be open by fall 2016. Macy’s and Men’s Wearhouse will also collaborate to develop a digital tuxedo rental shop on macys.com.
The Men’s Wearhouse, Inc. operates as a specialty apparel retailer in the United States, Puerto Rico, and Canada. The company operates in two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, sportswear, outerwear, dress shirts, dress pants, overcoats, ties, shoes, and accessories for men in classic, modern, and slim fits in various sizes; and a selection of tuxedo rental products. It also offers ladies’ career apparel, sportswear, shoes, and accessories; children’s apparel; alteration services; and retail dry cleaning, laundry, and heir looming services.
Glu Mobile Inc. (NASDAQ:GLUU)’s shares dropped -0.76% to $6.50.
Glu Mobile Inc. (GLUU) At the Annual Meeting, Glu’s stockholders (1) elected three persons as Class II directors to Glu’s Board of Directors, each to serve until Glu’s annual meeting of stockholders to be held in 2018 and until his or her successor is elected and qualified, or until his or her death, resignation or removal; (2) approved the amendment and restatement of Glu’s 2007 Equity Incentive Plan; and (3) ratified the appointment of PricewaterhouseCoopers LLP as Glu’s independent registered public accounting firm for the fiscal year ending December 31, 2015. The proposals are described in Glu’s proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 21, 2015, as supplemented by a Form 8-K filing on May 27, 2015.
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games.
At the end of Friday’s trade, Embraer SA (ADR) (NYSE:ERJ)‘s shares surged 1.75% to $30.76.
Embraer SA (ADR) (ERJ) hereby declares that it has priced an offering of US$1.0 billion notes due 2025 with yield of 5.091% per annum, issued through its wholly-owned partner Embraer Netherlands Finance B.V. The notes will be fully and unconditionally guaranteed by Embraer. The notes have been registered under the U.S. Securities Act of 1933 and are predictable to be listed on the New York Stock Exchange.
The notes will bear a coupon rate of 5.050% per annum payable semi-annually. The notes will mature on June 15, 2025 and will be issued and sold at 99.682% of the principal amount.
Embraer will use a portion of the net proceeds to repay outstanding indebtedness and the remainder for general corporate purposes.
Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments. The Commercial Aviation segment engages in the development, production, and sale of commercial jets; and rendering of support services, primarily in the regional aviation segment, in addition to operating leasing of aircraft.
Fluor Corporation (NEW) (NYSE:FLR), ended its Friday’s trading session with -0.67% loss, and closed at $55.06.
Fluor Corporation (NEW) (FLR) declared that the U.S.-China Business Council (USCBC) has elected Fluor’s Chief Operating Officer, Peter Oosterveer, to its board. As a USCBC board member, Oosterveer will work to advance the commercial relationship between the two countries to support trade and investment opportunities.
Active in China since 1978, Fluor has successfully accomplished more than 280 projects across 20 provinces and municipalities for multinational companies and China’s state-owned enterprises, delivering a full range of project administration, engineering, procurement, fabrication and construction services.
Fluor Corporation, through its auxiliaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project administration services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. The Oil & Gas segment offers a range of design, engineering, procurement, construction, and project administration services to upstream oil and gas production, liquefied natural gas, downstream refining, offshore production, pipeline, chemicals, and petrochemicals industries. It also provides consulting services comprising feasibility studies, process assessment, and project finance structuring and studies.
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