On Monday, Shares of CBS Corporation (NYSE:CBS), dropped -1.63% to $61.70.
CBS Corporation, joins the Sports Channel Pack on the FiOS Custom TV lineup starting May 1. FiOS Custom TV offers customers more freedom and flexibility to choose the perfect TV plan for their home or small business, with content they can customize from a menu of choices.
Customers can purchase a package of programming that comprises their choice of channel packs from seven different genres: Kids, Pop Culture, Lifestyle, Entertainment, News & Info, Sports and Sports Plus.
“While consumer choice is at the heart of our Custom TV product, when customers make their choices we want them to have the best experience and the most robust package possible,” said Terry Denson vice president, content acquisition and strategy at Verizon. “The addition of CBS Sports Network does just that, with a whole suite of programming that will satisfy a sports-lover’s craving for games, features and analysis.”
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
Shares of PPL Corporation (NYSE:PPL), declined -1.62% to $34.02, during its last trading session.
PPL Corporation, and Riverstone Holdings LLC have been notified by the U.S. Department of Justice that the agency has closed its review under the Hart-Scott-Rodino Antitrust Improvements Act of the projected spinoff transaction involving PPL Energy Supply, which is PPL’s competitive generation business, and RJS Power Holdings, which is Riverstone’s competitive generation business.
This action is the final regulatory decision needed to close the transaction, and keeps PPL and Riverstone on track to close the transaction during the second quarter of 2015.
The transaction, when closed, will form Talen Energy Corporation, which will be an independent, publicly traded company listed on the New York Stock Exchange operating the combined competitive power generation businesses of PPL Energy Supply and RJS Power Holdings.
PPL Corporation, an energy and utility holding company, generates, transmits, distributes, and sells electricity to wholesale and retail customers in the United States and the United Kingdom. It operates in four segments: U.K. Regulated; Kentucky Regulated; Pennsylvania Regulated; and Supply.
At the end of Monday’s trade, Shares of DTE Energy Company (NYSE:DTE), dwindled -1.62% to $81.47.
DTE Energy, stated first quarter 2015 earnings of $273 million, or $1.53 per diluted share, contrast with $326 million, or $1.84 per diluted share, in 2014.
Operating earnings for the first quarter 2015 were $294 million, or $1.65 per diluted share, contrast with 2014 operating earnings of $300 million, or $1.69 per diluted share.
“DTE Energy’s solid first quarter performance sets us squarely on the path to achieve our financial and operational aims for 2015,” said Gerard Anderson, DTE Energy chairman and CEO.
Anderson added that while he is proud of the company’s year-to-date 2015 financial results, he also is happy with other recent developments that are beneficial to DTE customers.
- DTE Gas reduced natural gas prices charged to customers by 17 percent in the first quarter. Savings from a combination of reduced natural gas costs and DTE’s purchasing strategy is passed along to customers. The new gas cost is 57 percent lower than the April 2008 cost.
- DTE Electric reduced electric rates by 6 percent early in 2015, following a similar 6 percent reduction in early 2014.
- DTE Gas was recognized as highest in customer satisfaction in its peer group for both residential and business customer satisfaction.
- DTE Energy was recently recognized by the Gallup organization as a Gallup Great Workplace for the third successive year – an award given to a handful of companies worldwide for their extraordinary ability to create an engaged workplace culture.
DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to about 2.1 million residential, commercial, and industrial customers in southeastern Michigan.
Finally, East West Bancorp, Inc. (NASDAQ:EWBC), ended its last trade with -3.76% loss, and closed at $85.69.
East West Bancorp, stated its financial results for the first quarter of 2015. For the first quarter of 2015, net income was $100.0 million or $0.69 per diluted share.
First Quarter Highlights
- Strong First Quarter Earnings – For the first quarter of 2015, net income raised to $100.0 million or $0.69 per diluted share. Contrast to the fourth quarter of 2014, net income raised $4.5 million or 5% and earnings per diluted share raised $0.03 or 5%.
- Contrast to the first quarter of 2014, net income for the first quarter of 2015 raised $25.9 million or 35% and earnings per diluted share raised $0.17 or 33%.
- Solid Loan Portfolio – Total loans receivable as of March 31, 2015 totaled $21.6 billion, contrast to $21.8 billion as of December 31, 2014. Not taking into account the impact of $668.8 million in loan sales during the first quarter, the loan portfolio grew $467.0 million or 9% annualized during the first quarter of 2015. Not taking into account the impact of the loan sales, loan growth was broad based and all loan categories grew during the first quarter of 2015. Specifically, commercial real estate, consumer and single family loans were the loan categories that contributed the most to the organic loan growth during the quarter.
- Strong Deposit Growth – Total deposits as of March 31, 2015 reached a record $25.2 billion, an enhance of $1.2 billion or 5% from December 31, 2014. This growth was primarily due to an enhance in noninterest-bearing demand deposits of $739.6 million or 10% and time deposits of $263.6 million or 4%.
- Solid Capital Ratios – Capital levels for East West remained solid. As of March 31, 2015, East West’s common equity Tier 1 (“CET1”) capital ratio was 10.5% and its total risk based capital ratio was 12.3%. Total risk weighted assets (“RWA”) raised from $21.9 billion as of December 31, 2014 to $23.4 billion as of March 31, 2015. This enhance in RWA was largely due to the change in the risk weighting of the commercial loans attained from the FDIC assisted acquisition of United Commercial Bank (“UCB”) and the impact of Basel III, both effective January 1, 2015.
- Continued Strong Asset Quality – The nonperforming assets to total assets ratio as of March 31, 2015 was 0.40%, an improvement of six basis points from 0.46% as of December 31, 2014, reflecting a decrease in nonperforming assets of $11.9 million or 9% to $120.5 million as of March 31, 2015.
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals.
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