On Wednesday, Pepco Holdings, Inc. (NYSE:POM)’s shares inclined 0.31% to $22.71.
Exelon Corporation (EXC) and Pepco Holdings Inc. (POM) issued the following statement in response to the Public Service Commission of the District of Columbia’s order on the companies’ projected merger.
“We have now received the Commission’s order, and we remain convinced the decision fails to recognize the substantial immediate and long-term benefits of our merger proposal to citizens, businesses and communities in the District of Columbia. We believe our merger proposal is in the public interest, and we will continue working to complete the merger, which all other jurisdictions have approved. Not concluding our merger would deny customers in the District of Columbia – in addition to Delaware, Maryland and New Jersey – hundreds of millions of dollars in direct financial benefits, improved reliability and storm response, renewable energy projects, and commitments that will preserve their local utility’s role as a strong community partner and contributor to economic growth. We want to deliver these benefits to customers and will strive to make that happen.”
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers. Further, it provides underground transmission, and distribution construction and maintenance services for electric utilities in North America; and steam and chilled water services under long-term contracts through systems owned and operated primarily to hotels and casinos in Atlantic City, New Jersey. Pepco Holdings, Inc. was founded in 1896 and is based in Washington, the District of Columbia.
Anthem Inc (NYSE:ANTM)’s shares dropped -0.57% to $145.60.
Anthem, Inc. (ANTM) declared that senior administration is planned to present at the Morgan Stanley Global Healthcare Conference on September 17, 2015, at 10:35 a.m. Eastern Daylight Time (EDT).
Anthem, Inc., through its auxiliaries, operates as a health benefits company in the United States. It operates through three segments: Commercial and Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small employer, individual, Medicaid, and senior markets. Its managed care plans comprise preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.
At the end of Wednesday’s trade, Dunkin Brands Group Inc (NASDAQ:DNKN)‘s shares dipped -2.81% to $48.05.
Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, recently unveiled its new digital video campaign “Camp Commitment,” starring New York Giants teammates Eli Manning and Odell Beckham Jr. The program emphasizes the brand’s commitment to making every guest’s cup of coffee just right, every time.
With football season kicking off this week, the humorous video features Manning and Beckham Jr. in a series of activities that take place at the fictional Camp Commitment, counting 3-legged races and pottery class, showcasing their commitment to being the best teammates possible. The campaign video and outtakes are featured exclusively online at www.CampCommitment.com. The Camp Commitment program was crafted and executed by creative agency Sapient Nitro and will be supported with a digital media campaign in the Metro New York market that runs through October 10th.
Commitment is the main focus of Dunkin’ Donuts’ new operations and marketing campaign called the “DD Commitment.” The campaign highlights the brand’s pledge to deliver comprising great coffee with every cup. The DD Commitment emphasizes Dunkin’ Donuts’ long-standing mission to make guests’ coffee just right, every time, or make it again on the spot.
Dunkin Brands Group, Inc., together with its auxiliaries, develops, franchises, and licenses quick service restaurants under the Dunkin Donuts and Baskin-Robbins brands worldwide. The company operates through four segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins U.S., and Baskin-Robbins International. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard-serve ice cream, soft serve ice cream, frozen yogurt, shakes, malts, and floats. As of December 27, 2014, the company had about 19,000 points of distribution.
Manulife Financial Corporation (USA) (NYSE:MFC), ended its Wednesday’s trading session showed no change, and closed at $15.45.
Standard Chartered and Manulife are happy to declare that they have reached a 15-year distribution partnership providing Manulife the exclusive right to offer its Mandatory Provident Fund (“MPF”) product to Standard Chartered’s customers in Hong Kong. As part of the arrangement, Manulife will acquire Standard Chartered’s existing MPF and Occupational Retirement Schemes Ordinance (“ORSO”) businesses, and the related investment administration entity.
The partnership further enhances Standard Chartered’s wealth offering and the bank’s position as a leading distributor of wealth administration products in Hong Kong . It will provide Standard Chartered’s individual and business customers in Hong Kong with greater investment choice, access to market leading technology platforms and high-quality customer service. This arrangement significantly expands Manulife’s pension business in Hong Kong , and strengthens its position as the #2 MPF provider as measured by assets under administration and the #1 MPF provider as measured by net cash flows.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing. The company also provides annuities, pension contracts, and mutual fund products and services; various retirement products to group benefit plans; deposit and credit products to Canadian customers; and non-guaranteed, partially guaranteed, and fully guaranteed investment options through general and separate account products.
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