On Monday, Summit Hotel Properties Inc (NYSE:INN))’s shares declined -1.52% to $14.28.
American Realty Capital Hospitality Trust, Inc. declared that it has reached a commitment letter with Deutsche Bank AG New York Branch and Deutsche Bank Securities Inc. to provide up to $450 million in financing for the Company’s formerly declared acquisitions of separate, independent hotel portfolios from associates of each of Summit Hotel Properties (INN), Noble Investment Group, LLC and Wheelock Street Capital, LLC. The three hotel portfolios are predictable to be attained for an aggregate purchase price of $743.9 million in seven separate closings tentatively planned over the next nine months, and encompass 44 hotels totaling 5,271 rooms in 18 states.
Summit Hotel Properties, Inc., a hotel investment company, engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States lodging industry. As of August 3, 2012, the company operated 74 hotels with a total of 7,586 guestrooms located in 20 states. Summit Hotel Properties, Inc. was founded in 2004 and is based in Sioux Falls, South Dakota.
PACCAR Inc(NASDAQ:PCAR)’s shares gained 0.64% to $64.89.
PACCAR Inc’s (PCAR) Board of Directors declared a nine percent enhance to the regular quarterly cash dividend to twenty-four cents ($.24) per share from twenty-two cents ($.22), payable on September 4, 2015, to stockholders of record at the close of business on August 14, 2015.
PACCAR Inc, together with its auxiliaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment offers its trucks for use in the over-the-road and off-highway hauling of freight, petroleum, wood products, and construction and other materials to independent dealers under the Kenworth, Peterbilt, and DAF nameplates.
At the end of Monday’s trade, Marsh & McLennan Companies, Inc. (NYSE:MMC)‘s shares surged 0.14% to $58.45.
Mercer declared Denise LaForte joins its Talent business as North American HR Transformation Practice Leader. In her new role, Ms. LaForte will be responsible for leading the growth of the firm’s HR Transformation Practice by delivering integrated HR transformation solutions counting HR strategy, HR service delivery, and broad planned change administration to improve the performance and outcomes of clients’ HR functions. Additionally, she will work closely with Mercer’s Workday practice to link full scale implementation capabilities to these transformation solutions.
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk administration services, such as risk advice, risk transfer, risk control, and mitigation solutions, in addition to insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services.
Celanese Corporation (NYSE:CE), ended its Monday’s trading session with 0.76% gain, and closed at $66.27.
Celanese Corporation (CE), a global technology and specialty materials company, recently stated record second quarter 2015 adjusted earnings per share of $1.58 as compared to $1.47 in the preceding year quarter and $1.72 in the preceding quarter.
Second quarter 2015 financial highlights:
- Continued alignment of two complementary value drivers - Materials Solutions and the Acetyl Chain: Designated presidents to drive value creation across core businesses
- Achieved record second quarter adjusted earnings of $1.58 per share, 7 percent higher than the preceding year quarter and 8 percent lower than the preceding quarter
- Delivered record second quarter adjusted free cash flow of $176 million driven by strong earnings and working capital administration
- Generated adjusted EBIT margin of 22.0 percent, 340 basis points higher than the preceding year quarter and 210 points below the preceding quarter
- Achieved GAAP earnings of $1.34 per share contrast to $1.66 per share in the preceding year quarter and $1.53 per share in the preceding quarter
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company’s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for use in automotive, medical, electronics, and other consumer and industrial applications. Its Consumer Specialties segment provides cellulose acetate flakes, films, and tows for use in filter products applications; Sunett, a sweetener for use in various beverages, confections, and dairy products; Qorus, a sweetener system designed for low-to no-calorie carbonated and non-carbonated beverages, flavored waters, energy drinks, and milk and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acids for use in foods, beverages, and personal care products.
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