On Wednesday, Shares of Regions Financial Corp (NYSE:RF), lost -1.27% to $9.34.
Regions Bank declared that Rosie Garcia, branch manager in Hialeah, Fla., is the September 2015 recipient of the Regions Bank Better Life Award. The Better Life Award is the top honor given to a Regions associate for outstanding dedication and job performance, in addition to exemplary involvement and commitment to the community. Garcia oversees operations at Regions’ Gratigny branch located at 1794 W. 68th Street.
In addition to the recognition, Regions donates $1,000 in the name of the recipient to a nonprofit organization of the winner’s choice. Garcia chose the Miami-Dade chapter of the American Heart Association. She has supported the organization for several years and served as a team captain for last year’s Miami-Dade Heart Walk. A video of Garcia is available on the Regions Financial YouTube channel.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of CBS Corporation (NYSE:CBS), declined -0.32% to $43.53, during its last trading session.
CBS Corporation and TEGNA Inc., have declared a comprehensive deal that renews station affiliation agreements for 10 TEGNA Media markets nationwide. The markets renewed cover over nine percent of the U.S. and serve more than 10 million households.
The new deal also comprises TEGNA’s participation in CBS All Access, the company’s digital subscription, video on demand and Nielsen-measured live streaming service. The addition of all TEGNA CBS-associated stations will expand the live linear feed coverage of CBS All Access to 85 percent of U.S. households by year-end.
“TEGNA is an important and valued broadcasting partner,” said Ray Hopkins, President, Television Networks Distribution, CBS Corporation. “We are happy that in extending this deal, our largest associate station group realizes the value CBS programming provides to their stations. The broad launch of CBS All Access by every TEGNA CBS-associated station is indicative of our strong partnership with TEGNA, which we look forward to ongoing to build upon for many years to come.”
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
Finally, Flextronics International Ltd. (NASDAQ:FLEX), ended its last trade with 2.46% gain, and closed at $10.81.
Flextronics International Ltd., has reached a definitive agreement to acquire NEXTracker, a leader in smart solar tracking solutions. NEXTracker designs and manufactures one of the world’s most advanced single-axis photovoltaic (PV) trackers that orients PV panels to maximize energy output. The acquisition will augment the Flex Energy business and contribute to its more than $1 billion in sales, and is predictable to be accretive to Flex’s growth, margin, EPS and cash flow generation.
NEXTracker has achieved noteworthy industry breakthroughs in smart and connected tracking solutions that deliver high performance and flexibility for solar power plants of all sizes. It delivers a cost-effective solution to maximize solar project returns for its range of global customers that comprise developers, energy procurement construction companies, and system owners of ground-mounted solar power plants.
“This acquisition aligns well with our strategy of acquiring technologies that deliver innovative, value-added solutions to our customers in industries with strong growth rates and higher margins,” said Mike McNamara, CEO of Flex. “Together with our existing Energy capabilities, the NEXTracker solutions will enable Flex to further enhance our sketch-to-scale™ solar offerings. Our strong, free cash flow generation enables margin-accretive acquisitions like this to be accomplished, while at the same time allowing us to remain committed to maximizing shareholder value through returning over 50% of free cash flow to our shareholders.”
Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.
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