On Wednesday, Shares of eBay Inc. (NASDAQ:EBAY), gained 0.92% to $28.57.
eBay Inc. - Most Americans will receive a gift that was just not the right fit for them this year, making it the perfect time to sell items that are no longer needed. Instead of letting those gifts linger at home – which more than a third of us have done in the past1 – eBay has teamed up with select Westfield shopping centers across the country to repurpose Boxing Day for Americans, giving them a variety of simple selling solutions, and turning it into a time to earn money to put towards the things they really want.
Last year, eBay saw a spike in both new sellers and new listings in the days after Christmas, peaking the first Sunday in January. During the holidays, consumers who sold popular items on eBay got top dollar for their previous generation smartphones, counting the iPhone 5s (16GB) in gold for $253 as contrast to competitors2. On Boxing Day in 2014, the most popular listing times on eBay were 5-7 p.m. MT.
So this year, during “Boxing Weekend” from Dec. 26 (Boxing Day) to Dec. 27, pop-up selling stations in select Westfield shopping centers will be equipped with everything you need to return gifts to the North Pole, giving shoppers multiple ways to sell. They will be able to list items themselves or enlist professional sellers from the eBay Valet service. eBay Valet handles everything from estimating the price to taking pictures, listing the item and safely shipping it to a new buyer. During Boxing Weekend, eBay Valet fees will be waived. Customers who print an eBay Valet label will get to keep 100% of the profits after their items are sold.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of TerraForm Power, Inc. (NASDAQ:TERP), inclined 6.54% to $13.20, during its last trading session.
TerraForm Power, declared the closing of its acquisition of 832 megawatts (net) of wind power plants from Invenergy Wind LLC (“Invenergy”), the largest independent wind owner in the United States. A second closing for an additional 98 MW (net) of power plants is predictable by April 2016. This acquisition adds a sizeable, high-quality contracted power plant portfolio to the TerraForm Power fleet.
In connection with the acquisition TerraForm Power was offered with committed financing by a syndicate of banks in the form of a $500 million non-recourse term loan that is secured by the equity interests in the Invenergy assets and certain other drop-down assets from SunEdison. The term loan bears interest at LIBOR plus 5.50%, subject to a 1.00% LIBOR floor, and has a final maturity of January 2019 upon the execution of extension options at TerraForm Power’s sole discretion. This new term loan can be fully prepaid at par.
Once all projects are operational, the first year adjusted EBITDA (before minority ownership) is predictable to be $147 million, and unlevered CAFD (before all project and HoldCo debt payments) is predictable to be $139 million.
TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio comprised of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt.
Finally, Shares of Spirit Airlines, Inc. (NASDAQ:SAVE), ended its last trade with -3.78% loss, and closed at $41.47.
Spirit Airlines declared recently the addition of Lania Rittenhouse as Vice President, Inflight Experience. Lania brings nearly two decades in the travel/hospitality industry to Spirit and will lead the company’s Inflight Organization. Starting her new role on December 1, Lania complements Spirit’s leadership team and reinforces its ability to achieve its 2016 planned growth plans.
“We are very happy to bring Lania’s tremendous experience in customer satisfaction and organizational leadership to Spirit Airlines,” said John Bendoraitis, Spirit Airlines’ Senior Vice President and Chief Operating Officer. “Her wealth of knowledge will assist transform our Inflight customer experience, redefining our service level standards while focusing on the development, growth and success of our Inflight Team.”
Before joining Spirit, Lania served as Vice President, Product Development at Carnival Cruise Line and Vice President of Hotel Operations at Norwegian Cruise Line. Most recently, Lania served as President of FleetPro Ocean, a leading independent passenger ship administration company. During her career, Lania also held senior positions with Fraser Yachts, Renaissance Cruises and the Cayman Islands Government as Director of Tourism. Lania holds an MBA from the Thunderbird School of Global Administration, and a Political Science degree from the University of Florida.
Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.