On Wednesday, Shares of General Electric Company (NYSE:GE), gained 2.56% to $25.20.
General Electric Company declared recently that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings, Inc., and its remaining railcar leasing business, General Electric Railcar Services LLC, to Wells Fargo & Co. (WFC). Terms of the transactions are not being revealed.
GE Railcar Services leases a broad range of railcars in addition to locomotives to shippers and railroads across North America.
As formerly declared, GE is embarking on a strategy to focus on its high-value industrial businesses and is selling most GE Capital assets. GE and its Board of Directors have determined that market conditions are favorable to pursue disposition of these assets. GE Capital will retain the financing “verticals” that relate to GE’s industrial businesses.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.
Shares of Citigroup Inc (NYSE:C), inclined 1.20% to $49.59, during its last trading session.
Citigroup - The C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard MLP Fundamental IndexTM (NYSE Arca: MLPC) will pay a quarterly coupon of $0.2908 per note on October 2, 2015 to holders of record as of the close of business on October 1, 2015. This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
Based on their closing price on September 25, 2015 and the declared quarterly coupon, the annualized indicated yield of the ETN is 6.99%. The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on September 25, 2015.
The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN. Holders of the ETN are not guaranteed a coupon. Moreover, the annualized indicated yield does not take into account the effect of changes in the closing price of the ETN on the total return realized by an investor in the ETN. The total return realized by an investor in the ETN will depend on the coupons paid, if any, in addition to on fluctuations in the price of the ETN. The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.
Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, counting consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth administration.
Shares of Mast Therapeutics Inc (NYSEMKT:MSTX), inclined 25.00% to $0.590, during its last trading session.
Mast Therapeutics declared that it signed an amendment to the Company’s existing Loan and Security Agreement with Hercules Technology Growth Capital, Inc. (HTGC). The agreement provides for a $15 million debt facility, $5 million of which was funded to the Company on August 11, 2015. Before the amendment, the Company was only able to access the second advance of $10 million if it achieved certain clinical development and financial milestones by December 31, 2015, which comprised receipt of $15 million in net cash proceeds from a planned partnership and/or equity financing. The amendment removed those funding conditions and the Company drew the second advance on September 28, 2015. Under the amended agreement, the net cash proceeds condition is deferred until April 30, 2016, a date which is predictable to follow top-line data from EPIC, and this requirement would be eliminated entirely upon achievement of positive data from EPIC. If the clinical and updated financial conditions are not met, the second advance of $10 million would be repaid on April 30, 2016, without any prepayment penalty.
Mast Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company develops therapies for serious or life-threatening diseases with unmet needs. The Company leverages its Molecular Adhesion and Sealant Technology (MAST) platform, to develop MST-188 (vepoloxamer) Injection, the Company’s lead product candidate.
Finally, CBS Corporation (NYSE:CBS), ended its last trade with 2.39% gain, and closed at $39.90.
CBS Corporation - CBS EcoMedia recently declared the launch of the “Volunteering With The Stars” (VWTS) program as part of the new “Viewers To Volunteers” (V2V) app. This bold new digital initiative is designed to connect viewers to their favorite stars and some of the country’s leading nonprofits in the shared experience of giving back.
At the heart of the campaign is the “Viewers To Volunteers” platform, declared in March 2015, which gives the public the chance to support the causes and nonprofits they love best, without spending their own money. V2V’s new website and digital social impact app for smartphones and tablets will reward each user’s engagement with points that will become real dollars for the organizations and causes selected by the user, all funded by participating sponsors.
The “Viewers To Volunteers” website and app will display inspiring videos, stories and articles, while encouraging users to share them. The program will then connect users to more than a dozen of the country’s most prominent nonprofit organizations, promoting outreach and engagement. For every video watched, story clicked, or for participating in volunteer activities in their local communities, users can generate points they can use to support causes or specific participating nonprofits, which will be translated into actual contributions from sponsors.
As a part of this new platform, CBS EcoMedia is collaborating with award-winning writer and documentary filmmaker Morgan Spurlock to create original content to stream on the app and website.
CBS Corporation is a mass media company. The Company operates through segments, counting Entertainment, Cable Netoperates, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films.
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