On Friday, Capital One Financial Corp. (NYSE:COF)’s shares declined -0.08% to $72.87.
According to Capital One’s most recent Spark Business Barometer survey, minority-owned businesses in San Francisco are more than twice as likely to face challenges related to securing a line of credit. San Francisco-based Kiva.org—best known for crowd funding 1.7 million entrepreneurs globally—is now going local with the launch of “Kiva San Francisco.” In partnership with Capital One, this initiative will bring 0% interest crowd funded loans to hundreds of San Francisco small business owners who are socially impactful and financially excluded from mainstream lending options.
Visitors to kiva.org/SF can choose the entrepreneur they want to assist crowd fund with a loan of $25 or more. And starting recently, Capital One will match every dollar lent to small businesses via Kiva San Francisco, up to $75,000. Loans requests average $5,000 and are offered at 0% interest and no fees. As the entrepreneur repays, lenders can relend to another person on Kiva.org/SF or withdraw their money and put it back in their pocket.
Kiva San Francisco represents a dramatic expansion of Kiva’s work in the Bay Area. Kiva has already connected thousands of small dollar lenders to nearly 400 entrepreneurs, counting businesses owned by immigrants, neighborhood shops working to stay in their community, and businesses founded to hire at-risk youth or to support local food ecosystems.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Companhia de Saneamento Basico (ADR) (NYSE:SBS)’s shares gained 9.02% to $4.23.
Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), following CVM Instruction 358 of January 3, 2002, Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP hereby declares that, on this date, signed a 30-year Water and Sewage Service Contract with the Municipality of Santos, the third largest municipality operated by the Company.
The main highlights of the negotiation are:
- Agreement to settle the municipality’s debt with Sabesp;
- Share of ICMS tax as guarantee for receivables from service offered to municipal owned properties;
- Commitment to invest about R$450 million in Santos;
- Transfer of funds to the municipality, in order to execute investments in environmental sanitation and infrastructure operates in the city. The funds will be transferred in the following way:
- R$130 million, in five annual installments; and
- 0.53% of the revenue obtained by the Company by proving service in Santos, net of Cofins and Pasep taxes, to be transferred on a quarterly basis and for the duration of the agreement.
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of Sao Paulo. The company operates through two segments, Water and Sewage.
At the end of Friday’s trade, Public Service Enterprise Group Inc. (NYSE:PEG)‘s shares surged 2.44% to $42.35.
Through a grant from the PSEG Foundation, Idealist will offer nonprofit organizations in New Jersey and Connecticut free job and internship postings for the month of October. The $30,000 grant will allow nonprofits to post an unlimited number of job and internship placements free of charge. Job postings on Idealist are usually $80 and internship postings are $25.
Individuals seeking jobs and internships can sign up at idealist.org/signup for free daily email alerts matching their location and interests, and they can follow @idealist_nj or @idealist_ct on Twitter so they never miss an opportunity.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
Prudential Financial Inc (NYSE:PRU), ended its Friday’s trading session with -1.22% loss, and closed at $75.37.
Prudential Short Duration High Yield Fund, Inc. (ISD), a diversified, closed-end administration investment company, declared recently its unaudited investment results for the quarter ended August 31, 2015.
The Fund files its annual and semi-annual stockholders reports on Form N-CSR, in addition to complete plan of investments with the Securities and Exchange Commission (the “Commission”) for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are accessible on the Commission’s website at http://www.sec.gov. The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation and location of the Public Reference Room may be obtained by calling (202) 551-8090. To obtain information on Form N-Q or annual and semi-annual stockholder reports, shareholders can call (800) 451-6788 (toll-free). You may also call this number to request additional information or to make other inquiries pertaining to the Fund.
Data and commentary offered in this press release are for informational purposes only. Prudential Investments LLC, the Investment Manager of the Fund, and its associates do not engage in selling shares of the Fund. The Fund is sub-advised by Prudential Fixed Income, a business unit of Prudential Investment Administration Inc. and an associate of the investment manager.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally.
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