On Tuesday, Shares of eBay Inc (NASDAQ:EBAY), lost -0.25% to $24.08.
eBay declared the appointment of Paul Pressler to its board of directors. As a director on eBay’s Board, Mr. Pressler will serve on the Audit Committee in addition to the Corporate Governance and Nominating Committee.
Mr. Pressler is a partner at the private equity firm Clayton, Dubilier & Rice, LLC. He presently serves as Chairman of David’s Bridal, Inc. and SiteOne Landscape Supply, Inc. and serves on the board of The DryBar, Inc. Formerly, Mr. Pressler served as the President and CEO of Gap Inc. He spent 15 years in senior leadership roles at The Walt Disney Company, counting Chairman of the global theme park and resorts division, President of Disneyland and President of The Disney Stores. Mr. Pressler served as Chairman of AssuraMed and is a former director of Avon Products Inc., Oveture Acquisition Corporate and OpenTable, Inc. He earned a B.S. in Business Economics from the State University of New York at Oneonta.
eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce.
Shares of Regions Financial Corp (NYSE:RF), inclined 0.45% to $8.84, during its last trading session.
Regions Bank on Tuesday declared the launch of a new web channel dedicated exclusively to sharing information on the company’s culture.
Optimized for both desktop and mobile viewing, Regions.com/culture serves as a central location for articles, videos and personal stories describing how Regions conducts business and the company’s approach to community involvement and support.
Regions.com/culture covers topics ranging from the company’s Code of Business Conduct and Ethics to Regions’ efforts to recruit and retain professionals who are dedicated to carrying out the company’s mission. The site also details a recent survey from the research and advisory firm Reputation Institute and American Banker magazine showing Regions earned the best reputation among top U.S. banks in 2015.
Further, the site shares how Regions is committed to achieving results for its shareholders while recognizing that how those results are achieved is just as important as the results themselves.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management.
Shares of Spectra Energy Corp. (NYSE:SE), declined -4.23% to $25.34, during its last trading session.
Spectra Energy Corp. Chief Executive Officer Greg Ebel spoke at the Raymond James 11th Annual North American Equities Conference on Tuesday, September 22, 2015. Ebel also serves as chief executive officer of Spectra Energy Partners (SEP).
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions.
Finally, Valero Energy Corporation (NYSE:VLO), ended its last trade with 1.50% gain, and closed at $58.75.
Valero Energy Corporation declared that the board of directors of its general partner has approved the Partnership’s acquisition of the Corpus Christi Terminal Services Business from a partner of Valero Energy Corporation (NYSE: VLO, Valero) for total consideration of $465 million. The transaction is predictable to close effective October 1, 2015.
The business to be attained comprises two terminals that support Valero’s Corpus Christi East and West refineries. The assets comprise of 134 tanks with 10.1 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products.
The Partnership anticipates to finance the acquisition with $395 million in borrowings under a subordinated loa contract with Valero, in addition to the issuance of additional common units and general partner units to Valero auxiliaries, valued collectively at about $70 million. The newly issued units will be allocated in a proportion allowing the general partner to maintain its 2 percent general partner interest.
Upon closing, the Partnership plans to enter into a 10-year terminaling agreement with a partner of Valero. The business to be attained is predictable to contribute about $50 million of EBITDA in its first full year of operation.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products.
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