On Friday, J C Penney Company Inc (NYSE:JCP)’s shares declined -1.87% to $7.34.
With styles so bright and gifts so right, JCPenney is where giving begins this holiday season. From the gadget gurus to the glitzy trendsetters, there`s something for every personality and wish list. The Company is making shopping effortless by showcasing the best collection of holiday gifts to inspire ideas for discovering the best presents to place underneath the Christmas tree.
“Shoppers will spend the entire month of December preparing their homes for the holidays and shopping for a long list of family, friends and social activities,” said John Tighe, executive vice president and chief merchant for JCPenney. “We understand the demands on her time and wallet, so JCPenney is going to make shopping convenient and fun by offering a curated selection of top Christmas gifts that help remove some of the stress and guesswork out of holiday shopping.”
Whether the list is long or short, JCPenney is the one-stop-shop for discovering an array of gifts that fit every hobby, interest or passion. Below is a list of the season`s must-haves that will make dashing through the store a great holiday adventure.
- C. Penney Company, Inc. (JCPenney) is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices.
Delphi Automotive PLC (NYSE:DLPH)’s shares dropped -2.88% to $81.99.
Three months after its introduction at CES 2015, Delphi’s automated vehicle accomplished the longest automated drive in North America — traveling from San Francisco to New York. For CES 2016, Delphi is taking active safety and automated driving to the next level incorporating vehicle-to-everything – V2E™ – capabilities.
Using advanced software and hardware, Delphi’s vehicle can communicate with streets, signs, traffic lights, other cars and even pedestrians.
“We imagine a world with zero traffic accidents,” said Jeff Owens, Delphi chief technology officer. “To get there we will need a convergence of active safety, sensor fusion, connectivity platforms and advanced software. Delphi has proven we are the only company that has the right mix of all of these.”
During CES, Delphi’s automated vehicle will demonstrate V2E™ counting:
- Vehicle-to-vehicle: Delphi’s car can see all the cars in the immediate vicinity and can detect when an adjacent car abruptly decides to get into the same lane as the Delphi car.
- Vehicle-to-pedestrian: Leveraging a special chip in a smart phone, the vehicle is alerted to pedestrians who are not paying attention to traffic as they use their phone.
- Vehicle-to-traffic light: With Dedicated Short Range Communications (DSRC), Delphi’s vehicle knows the status of traffic lights around Vegas and will anticipate yellow and red lights.
- Blind Corners:Delphi’s vehicle manages for situations when streets intersect at strange angles that prevent the driver from seeing opposing traffic.
- Ride Sharing: The driver’s friends and family can be notified of the driver’s location so that a ride can be requested.
While the future of truly automated driving is a long-term development, Delphi presently engineers and manufactures advanced systems that integrate cameras, radars, sensors and software to enhance road safety. Next year, Delphi’s industry-first original-equipment V2V technology will appear on the Super Cruise system on the 2017 Cadillac CTS. At CES, Delphi will unveil another industry-first with an aftermarket V2V unit that will enable all equipped vehicles to talk with one another – not just those built with the technology in the factory.
Delphi Automotive PLC, together with its auxiliaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide.
At the end of Friday’s trade, Kinder Morgan Inc (NYSE:KMI)‘s shares dipped -2.00% to $16.67.
Kinder Morgan Inc (NYSE:KMI) declared that its Board of Directors has approved a plan following which it anticipates to pay quarterly dividends of $.125 per share to its common stockholders ($.50 annually), down from its current quarterly level of $.51, starting with the fourth quarter 2015 dividend payable in February 2016. This dividend enables the company to use a noteworthy portion of its large cash flow to fund the equity portion of its expansion capital requirements, eliminate any need to access the equity market for the foreseeable future and maintain a solid investment grade credit rating. KMI anticipates enough retained internally generated cash flow to fund all of the required equity contribution projected for 2016 and a noteworthy portion of its debt requirements. The company has reviewed its predictable investments in 2017 and 2018 and believes that its stable and growing internally generated cash flow will allow it to continue to fund the equity portion of its capital budget without the need to access the equity market. It anticipates meeting all of the rating agencies’ requirements to remain investment grade, and anticipates a net debt/EBITDA ratio of 5.5 for 2016 and anticipates reducing that ratio in subsequent years.
“We evaluated numerous options, counting noteworthy asset sales, but ultimately concluded that these other options were uneconomic to our investors in the long run. This decision was not made lightly, but we believe it is in the best interests of the company, its shareholders and employees,” said Rich Kinder, executive chairman of the KMI board. “It will allow us to continue to maintain and grow our outstanding set of midstream energy assets without being required to issue equity at valuations prevalent in market while maintaining a solid investment grade rating on our debt obligations. We are directly addressing concerns about our investment grade rating and concerns about the need to issue additional equity. We believe recently’s action is beneficial to our shareholders.”
The company has accomplished its budget process for 2016 and anticipates DCF accessible to its equity holders of slightly over $5 billion, an enhance of about 8 percent over 2015. “We grew our DCF per share in 2015 and we expect to grow again in 2016, despite a very difficult environment in the energy sector. We believe we have the best set of assets in the midstream energy business and the cash generated by those assets is fee based and growing. Recent action is not a reflection of our underlying business – our business is strong and growing. Recent decision is about finding the most economic way to fund our set of attractive return expansion projects,” said Kean.
Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.