On Thursday, Visa Inc (NYSE:V)’s shares declined -0.33% to $68.67.
Visa Inc (V) declared that its Board of Directors has elected Lloyd A. Carney as a new independent director, effective June 11, 2015. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.
Mr. Carney was designated Chief Executive Officer (CEO) and a director of Brocade Communications Systems, Inc., a global supplier of networking hardware and software, in January 2013. Prior to this role, he was CEO and a director of Xsigo Systems, an information technology and hardware company, from 2008 to 2012. He also served as CEO and chairman of the board of directors of Micromuse, Inc., a networking administration software company, attained by IBM, from 2003 to 2006. During his career, Mr. Carney held senior leadership roles at Juniper Networks, Inc., Nortel Networks Inc., and Bay Networks, Inc. He was formerly a director of Cypress Semiconductor Corporation and Technicolor S.A.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. It owns and operates VisaNet that is involved in the authorization, clearing, and settlement of payment transactions; and provision of fraud protection for account holders and assured payment for merchants.
Union Pacific Corporation (NYSE:UNP)’s shares dropped -1.33% to $96.97.
Invited to Union Pacific Corporation (UNP) second quarter 2015 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, July 23, 2015, at 8:45 a.m. Eastern Time.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
At the end of Thursday’s trade, LendingClub Corp (NYSE:LC)‘s shares dipped -1.20% to $16.07.
At CGI America, President Bill Clinton declared a Commitment to Action between Lending Club (LC), the world’s largest online marketplace connecting borrowers and investors, and Opportunity Fund, a national leader in community-based lending to small businesses.
This pilot program is intended to provide up to $10 million in loans to small businesses in underserved areas of California, assisting an estimated 400 businesses create 1,000 jobs, based on historical impact data collected by Opportunity Fund. The partnership was developed as part of the Community Investment Working Group.
Access to capital for entrepreneurs plays a key role in economic mobility, job creation, and the health of the middle-class, but bank lending to small businesses has failed to recover from the 2008 recession. According to FDIC data[1], while bank commercial loans of $1 million or more have raised by 47% from 2007 to 2014, loans of $100,000 or less have actually fallen by 9%. According to Opportunity Fund, minority communities and women entrepreneurs are particularly underserved, exacerbating disparities in wealth and opportunity.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
Edison International (NYSE:EIX), ended its Thursday’s trading session with -0.12% loss, and closed at $56.00.
Edison International (EIX) declared a quarterly common stock dividend of $0.4175 per share, payable on July 31, 2015, to shareholders of record on June 30, 2015.
Additionally, the Board of Directors of Southern California Edison Company recently declared the following dividends:
- A quarterly dividend of $1.0325 per share on the Series A preference stock, payable on July 31, 2015, to shareholders of record on July 2, 2015.
- A semi-annual dividend of $31.25 per share on the Series E preference stock, payable on August 1, 2015, to shareholders of record on July 2, 2015.
Edison International, through its auxiliaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, agricultural and other, industrial, and public authorities through transmission and distribution networks.
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