On Thursday, Shares of Twitter, Inc. (NYSE:TWTR), lost -0.03% to $35.84, after the company declared its CEO Dick Costolo is stepping down.
Costolo will step down from the position effective July 1, while co-founder Jack Dorsey will act as interim CEO to take his place.
Analysts at Jefferies issued a note saying Twitter’s next CEO should focus on user growth and product improvements, and not on monetization.
The firm noted that investors are worried about Twitter’s inability to enhance its logged in user base.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of U.S. Bancorp (NYSE:USB), inclined 0.09% to $44.85, during its last trading session.
U.S. Bank Access® Online Mobile, a dynamic productivity tool that gives users anytime access to information about their commercial cards, has been expanded to comprise more features of Access Online Payment Plus, the bank’s electronic payment administration system. Users can now request virtual card accounts and have them delivered right to their mobile devices to make payments.
This new functionality makes the Access Online Mobile app an ideal payment solution when card issuance is not possible or practical; for example, with infrequent business travelers, field technicians, property managers and others who make occasional purchases. Users can request and receive a virtual account number through their smartphone quickly and easily, no matter where they are. The account can be limited to one-time use for a capped amount to ensure complete spend control.
“With these enhancements to Access Online Mobile, U.S. Bank strengthens its commitment to corporate clients who want faster and more secure payments,” said Nicole Tackett, head of Emerging Markets and Strategy for U.S. Bank Corporate Payment Systems. “We are dedicated to providing high-value functionality through real-time, intuitive solutions that assist our customers manage and grow their businesses.”
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, AerCap Holdings N.V. (NYSE:AER), ended its last trade with -1.37% loss, and closed at $47.69.
On June 1, AerCap Holdings, declared that it has reached a contract with American International Group, Inc. the beneficial owner of 46% of AerCap`s ordinary shares outstanding as of March 31, 2015, to repurchase $750 million of the Company`s ordinary shares at a price per share equal to the price per share being paid by the underwriters to the selling shareholder in the formerly declared secondary offering of AerCap ordinary shares by AIG, subject to certain adjustments and limitations. Consideration for the share repurchase will comprise of the issuance of $500 million of junior subordinated notes to AIG and $250 million of cash on hand. The closing of the share repurchase transaction is contingent on all conditions precedent to the closing of the formerly declared secondary offering and certain other customary conditions. The Company anticipates the closing of the share repurchase to occur right away preceding to the closing of the secondary offering. The closing of the secondary offering is not contingent on the closing of the share repurchase.
Following the share repurchase agreement, AerCap Global Aviation Trust, a wholly-owned partner of AerCap, will issue to AIG $500 million in junior subordinated notes due 2045.
The 30 year Notes will initially accrue interest at a fixed interest rate for a period of ten years whereupon the Notes will convert to a floating rate. The Issuer will have the right to defer any interest payment on the Notes for up to five successive years per deferral period. The Notes will be guaranteed by AerCap Holdings N.V. and certain of its auxiliaries.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines. The company provides aircraft asset administration and corporate services, counting remarketing aircraft; collecting rental and maintenance payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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