On Thursday, Apartment Investment and Management Co (NYSE:AIV)’s shares inclined 1.52% to $37.50.
Apartment Investment and Management Co (AIV) declared that Fitch Ratings (“Fitch”) has upgraded Aimco to BBB-, with a stable outlook from BB+, with a positive outlook.
Terry Considine, President and Chief Executive Officer, commented, “Aimco’s balance sheet strategy focuses on the use of non-recourse, amortizing, fixed rate property debt and perpetual preferred stock. This strategy provides for lower entity risk, lower refunding risk and lower re-pricing risk. Also, as we undertake occasional development, we consider unfunded development risk in calculating our leverage and typically secure a commitment of property debt to fund 50% or more of the construction cost of new building. We are happy that this strategy has resulted in our balance sheet being recognized as investment grade by Fitch.”
Apartment Investment and Administration Company is a real estate investment trust. The firm engages in the acquisition, ownership, administration, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties. Apartment Investment and Administration Company was founded on January 10, 1994 and is headquartered in Denver, Colorado.
Kansas City Southern (NYSE:KSU)’s shares gained 1.95% to $94.76.
Kansas City Southern (KSU) declared it reached a contract with Sasol Chemicals USA LLC for the construction and long-term lease of a storage-in-transit rail yard to support the Houston-based company’s new ethane cracker and derivative project in Lake Charles, La. Kansas City Southern Railway Co. also will replace and expand its existing rail car classification yard in Mossville, La., a release from the company said.
In a release, Mike Thomas, senior vice president of U.S. operations for Sasol, said Kansas City Southern has worked with Sasol Ltd. (NYSE: SSL) for decades and the company is happy to extend the relationship with the railway company as it enhances its output at the Lake Charles facility.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States.
At the end of Thursday’s trade, Time Inc (NYSE:TIME)‘s shares surged 0.77% to $23.54.
Time Inc (TIME) declared that it will host its 4th annual Festival October 17th-18th at the Jacob Javits Center in New York City. The two-day event, which is taking place in New York for the first time, has become one of the most-anticipated celebrations of Hispanic culture in the country.
This year’s program will feature interviews, performances and autograph signings with recently top Hispanic celebrities, in addition to expert panel talk about and family-fun activities; all free and open to the public. The star-studded lineup will comprise music powerhouses Emilio and Gloria Estefan, actresses Angelica Vale,Maite Perroni and many more to be declared. Actress Angelica Maria will be presented with the Icono de PEOPLE en Espanol.
PEOPLE en Espanol is collaborating with the City of New York to mount Festival as the largest celebration in the tri-state area during Hispanic Heritage Month, inviting tens of thousands of consumers to nearly two dozen events and activities over two days This year’s theme -“Your Voice, Your Power, Your Festival”- invites families to come together and experience a one of a kind celebration that will entertain, inspire and unite.
Time Inc., together with its auxiliaries, operates as a media company that publishes magazines in the United States, the United Kingdom, and internationally. It publishes magazines under People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune, and Food & Wine names in the United States, in addition to about 50 diverse titles in the United Kingdom, such as Decanter and Horse & Hound.
Dominion Resources, Inc. (NYSE:D), ended its Thursday’s trading session with 0.63% gain loss, and closed at $67.27.
Dominion Resources, Inc. (D) has named Keith Windle general manager of Dominion Carolina Gas Transmission.
Windle, who began his new position June 1, will be based in Columbia and oversee 120 employees at Dominion Carolina Gas Transmission. The company owns and operates nearly 1,500 miles of federally regulated interstate natural gas pipeline in South Carolina and southeastern Georgia.
Windle first worked for Dominion as an intern in 2001. After earning a degree in accounting from Christopher Newport University, he joined Dominion Virginia Power’s Electric Distribution group. He became director-Financial Administration for Dominion Virginia Power in 2011 and moved to the same position in 2013 for Dominion Energy.
Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. The DVP segment engages in regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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