On Monday, PG&E Corporation (NYSE:PCG)’s shares declined -1.11% to $50.79.
PG&E Corporation (PCG) will be looking for a new director as the man who led the company through a deadly 2010 pipeline explosion in the San Francisco Bay Area is retiring.
Christopher P. Johns has declared plans to retire at the end of the year.
In announcing the retirement of Johns in a statement Tuesday, the utility praised his leadership and service.
PG&E Chairman and CEO Tony Earley said the board of directors is likely to talk about a replacement plan before Johns’ last day, December 31.
Johns joined PG&E in 1996 as vice president and controller, becoming president of the state’s largest utility in August 2009.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. The company’s electricity distribution network comprises of 141,700 circuit miles of electric distribution lines, 55 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises 18,100 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system comprises of about 42,700 miles of distribution pipelines, about 6,400 miles of backbone and local transmission pipelines, and various storage facilities.
ConAgra Foods Inc (NYSE:CAG)’s shares gained 0.72% to $37.69.
ConAgra Foods Inc (CAG) and the ConAgra Foods Foundation mark their sixth year of supporting Feeding America’s Hunger Free Summer initiatives ranging from grants to consumer engagement. This year’s program features a first of its kind Tell-A-Thon kicking off on June 10 and co-hosted by YouTube sensation Kid President, designed to call attention to the raised instance of child hunger in summer and inspire people to take action in their communities. The program also comprises 26 grants funded by the ConAgra Foods Foundation to assist local Feeding America food banks provide meals to kids when they need them most, when school is out for summer.
ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The Consumer Foods segment provides branded food products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts to various retail channels, such as grocery and convenience stores across frozen, refrigerated, and shelf-stable temperature classes.
At the end of Monday’s trade, Equity Residential (NYSE:EQR)‘s shares dipped -0.49% to $71.14.
Equity Residential (EQR) declared that the company’s President and CEO, David J. Neithercut, will take part in a roundtable talk about at the NAREIT REIT Week 2015 Conference on Tuesday, June 9, 2015 at 3:00 p.m. ET. The event will be web cast live. A link to the web cast will be accessible in the Presentations section of Investor section of the company’s website at www.equityapartments.com.
Equity Residential is an S&P 500 company focused on the acquisition, development and administration of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 389 properties comprising of 108,681 apartment units. For more information on Equity Residential, please visit our website at www.equityapartments.com.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and administration of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia comprising of 152,821 units.
Sears Holdings Corp (NASDAQ:SHLD), ended its Monday’s trading session with -4.25% loss, and closed at $39.01.
Sears Holdings Corp (SHLD) declared that the transaction originally declared on March 11, 2015 , for the sale and leaseback of three of its properties to Concord Pacific Group of Companies (“Concord”), has closed for total proceeds of $140 million . The after-tax proceeds, counting adjustments, are presently estimated to be about $130 million. The locations comprise store space and adjacent property located at the Metropolis at Metrotown in Burnaby, British Columbia , Cottonwood Mall in Chilliwack, British Columbia and North Hill Shopping Centre in Calgary , Alberta. Sears will continue to operate the stores located at these shopping centres under long-term leases and there is no impact on customers or Sears team members in these locations.
Although the Company believes that the forward-looking information presented with respect to this declarement is reasonable, such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, and undue reliance should not be placed on such information. The forward-looking statements in this release are made as of the date hereof. The Company does not undertake any obligation to update publicly or to revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, counting consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.
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