On Monday, Shares of Alcoa Inc. (NYSE:AA), lost -1.42% to $11.76, hitting its lowest level.
Alcoa, declared that its innovative products and transformation strategy are delivering strong sustainability results. The achievements are highlighted in Alcoa’s 2014 Sustainability Report.
Over the last year, the Company expanded its multi-material value-add portfolio and introduced innovations across its end markets enabling customers to produce more environmentally friendly products. Alcoa also continued to reshape its commodity business to become more globally competitive by closing and curtailing high-cost, less efficient facilities, reducing its overall emissions.
“Alcoa’s transformation is driving profitable growth, advancing sustainability and delivering innovative products to meet the demands of a more energy-efficient world,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “From trucks to cars to airplanes and beyond, our innovations in lightweight metals are increasingly being used by our customers and their consumers to create a more sustainable global society.”
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Shares of J. C. Penney Company, Inc. (NYSE:JCP), inclined 0.82% to $8.57, during its last trading session.
In accordance with the New York Stock Exchange rules regarding equity inducement awards, J. C. Penney Company, Inc. (JCP) declared that on June 11, 2015, an equity inducement award of 78,358 stock options and 31,437 restricted stock units (RSUs) was granted to Andrew Drexler, the Company`s Senior Vice President, Chief Accounting Officer and Controller, in connection with the commencement of his employment. The Company formerly revealed this award in connection with the declaration of Mr. Drexler`s appointment in May.
The options and RSUs will vest in thirds on the first, second and third anniversaries, respectively, of the grant date, offered Mr. Drexler remains continuously employed with the Company through those dates.
J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Finally, BB&T Corporation (NYSE:BBT), ended its last trade with 0.41% gain, and closed at $41.19.
BB&T Corporation, declared it has accomplished its acquisition of The Bank of Kentucky Financial Corporation. Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened recently (Monday) under the BB&T name.
The acquisition, which was declared in September 2014, comprises 32 retail branches in northern Kentucky and Cincinnati. The merger comprises $1.6 billion in deposits, $1.3 billion in loans and total assets of $1.9 billion based on March 31, 2015, balances. BB&T received the required regulatory approvals for the acquisition earlier this year.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
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