On Thursday, U.S. Bancorp (NYSE:USB)’s shares declined -0.73% to $40.76.
U.S. Bank has named Rich Erario head of it global treasury administration division. Erario succeeds Jeffrey Jones, who was recently promoted to president of the bank’s corporate payment systems division.
“We set out several years ago to grow our global treasury administration business on the foundation of understanding and advocating for our clients. Rich has been integral to this initiative and we’re happy to be able to promote from within the division,” said Leslie Godridge, executive vice president for national corporate specialized industries and global treasury administration for U.S. Bank.
Based in New York City, Erario joined U.S. Bank five years ago as a senior vice president in the division. During that time he’s been a leader in developing and implementing its “Working Capital DNA” engagement program, a consultative, client-focused approach that was named best in the industry this year by Global Finance.
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking partner, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, counting lending and depository services, cash administration, capital markets, and trust and investment administration services.
Texas Instruments Incorporated (NASDAQ:TXN)’s shares gained 0.36% to $46.75.
Texas Instruments Incorporated was the target of a noteworthy growth in short interest in September. As of September 15th, there was short interest totaling 26,258,471 shares, a growth of 11.4% from the August 31st total of 23,572,024 shares, Marketbeat.com reports. Presently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 7,444,022 shares, the days-to-cover ratio is presently 3.5 days.
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Company’s Analog segment comprises the following product lines: High Volume Analog & Logic, Power Administration, High Performance Analog and Silicon Valley Analog.
At the end of Thursday’s trade, Cablevision Systems Corporation (NYSE:CVC)‘s shares dipped -0.12% to $33.09.
Credit Suisse upgraded shares of Cablevision Systems (CVC) from an underperform rating to a neutral rating in a research report published on Friday, Marketbeat.com reports. Credit Suisse presently has $34.90 price target on the stock, up from their prior price target of $20.00.
The business also recently revealed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Wednesday, August 19th.
Cablevision Systems Corporation (Cablevision) through its partner CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their auxiliaries operates cable operations business in the United States.
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