On Wednesday, Shares of Discover Financial Services (NYSE:DFS), lost -0.93% to $54.62.
For the sixth year in a row, Discover has been selected by the The News Journal as a top 10 workplace in Delaware. Discover’s customer care center joins the list of other companies highly valued by their employees. Discover ranked sixth out of 14 in the large company category.
The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, counting Alignment, Execution, and Connection, just to name a few.
“Our employees are what make Discover a truly great place to work,” said Jim Roszkowski, President of Discover Bank. “We strive to be a company that provides ample opportunities to assist our employees advance and achieve their career objectives. Everyone wants to be part of a company that values their employees. I am proud to say that Discover is providing this culture for our employees and will continue to look for ways to assist them develop as professionals.”
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services.
Shares of Fortress Investment Group LLC (NYSE:FIG), declined -1.03% to $5.79, during its last trading session.
Fortress Investment Group, declared that it will close the Fortress Macro Funds and managed separate accounts (“FMF” or “the Funds”) and return all capital to investors by the end of the year. Fortress Principal Michael Novogratz, who founded the firm’s Liquid Markets business in 2002, is predictable to retire from the firm and its Board of Directors at year end.
In conjunction with recently’s declarement, Fortress will redeem all of Mr. Novogratz’ Fortress Operating Group Units, representing beneficial ownership of about 56.8 million class A or equivalent shares as of September 30, 2015. The company will repurchase Mr. Novogratz’ ownership interests at a price of $4.50, equivalent to a 17% discount to the closing price of Fortress Class A shares on October 12, 2015. As a result of this transaction, Fortress’s dividend-paying share count will be reduced by about 13%. Fortress will fund the transaction through a combination of available cash and a note issued to Mr. Novogratz. The transaction is subject to completion of definitive documentation and customary Board approvals.
“After careful consideration and analysis, we have decided to close the Fortress Macro Funds and return cash to our investors,” said Fortress Principal and Macro CIO Mike Novogratz. “This was a difficult decision given my confidence in both the research positions we hold and the talent of our team. But we have had an extremely challenging two years, and I do not believe the current environment is conducive to achieving our best results. The recent past does not negate years of hard work and achievement. It has been a rare privilege to lead the Macro team and to serve as a Principal at Fortress.”
Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities.
Finally, Public Service Enterprise Group Inc. (NYSE:PEG), ended its last trade with 0.33% gain, and closed at $42.67.
PSEG Solar Source, declared that it has finished the construction of the PSEG Waldorf Solar Energy Center. The facility is located 22 miles southeast of Washington, DC and has a capacity of 13.1 MW-dc. The project was originally developed by juwi Inc. and has a 20-year power purchase agreement with Southern Maryland Electric Cooperative (SMECO).
The completion of this project improvements the capacity of PSEG Solar Source’s portfolio to 148 MW-dc.
“With the completion of the PSEG Waldorf Solar Center, our portfolio now has 11 plants in nine states, each providing customers with safe, clean and reliable energy,” said Diana Drysdale, president of PSEG Solar Source. “It was great to partner with SMECO on a project that will assist the electric cooperative achieve its sustainability aims.”
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States.
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