On Thursday, Shares of Paypal Holdings Inc (NASDAQ:PYPL), lost -2.19% to $31.67.
PayPal, has been named one of the world’s most valuable brands for 2015, according to Interbrand, the world-leading brand consultancy.
PayPal, the world’s leading digital payments platform, achieved this recognition just two months after becoming an independent, public company. Ranked 97, Interbrand cited PayPal as one of five new entrants this year.
“We are a newly independent public company, and so we’re especially honored to be recognized as one of the world’s most valuable brands. At PayPal, we aim to reimagine money for millions of people every single day all over the world,” said Christina Smedley VP, Global Brand and Communications of PayPal. “We value the trust our customers have in our brand, so it’s great to see Interbrand recognize it too, as we seek to build a future that will enable the safer movement and administration of money for everyone.”
Interbrand publishes the ranking of the top 100 brands based on a unique methodology analyzing the many ways a brand touches and benefits an organization, from attracting top talent to delivering on customer expectation. Three key aspects contribute to a brand’s value; the financial performance of the branded products or services, the role of brand in the purchase decision process and the strength of the brand has to command a premium price, or secure earnings for the company.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
Shares of Exelon Corporation (NYSE:EXC), inclined 2.49% to $30.88, during its last trading session.
PECO customers have reduced their electric use by more than 2 million megawatt hours (MWh) with PECO Smart Ideas, the company’s highly successful suite of energy efficiency programs for residential and business customers. That’s about the same amount of electricity it takes to power all of New York City for about two weeks, more than 186,000 typical homes for a year, or the entire Internet for about four days. Since launching in 2009, PECO Smart Ideas has saved customers more than $463 million through energy efficiency rebates, incentives and energy savings on their monthly bill.
“Our customers are saving energy and money every day with PECO Smart Ideas,” said Craig Adams, PECO president and CEO. “We look forward to identifying even more programs and initiatives that transform how we use energy.”
Based in Philadelphia, PECO is an electric and natural gas utility partner of Exelon Corporation (EXC).
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities. The company also sells renewable energy and other energy-related products and services; and engages in the natural gas and oil exploration and production activities, in addition to sells electricity and natural gas to wholesale and retail customers.
Finally, Cliffs Natural Resources Inc (NYSE:CLF), ended its last trade with 6.12% gain, and closed at $3.12.
Cliffs Natural Resources, declared that, effective October 5, 2015, it has terminated its Pellet Sale and Purchase Agreement with Essar Algoma. Cliffs’ decision was made as a result of Essar Algoma’s multiple and material breaches under the agreement. While the agreement has been terminated, Cliffs remains open to discussing supplying Essar with pellets on commercially reasonable terms consistent with a just-in-time iron ore supply arrangement.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
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