On Wednesday, Shares of Wells Fargo & Company (NYSE:WFC), lost -0.57% to $56.08.
Wells Fargo & Company, declared donations totaling $500,000 to seven local nonprofits to assist strengthen and revitalize Tucson neighborhoods through the Wells Fargo NeighborhoodLIFT® program.
The local grant recipients were identified in close partnership with Tucson Mayor Jonathan Rothschild to support five key areas: Support services for the homeless, neighborhood beautification and improvement, education and workforce programs, food access, and economic growth.
Wells Fargo has presented $500,000 in grants to the following Tucson nonprofits:
- Community Food Bank of Southern AZ — $25,000 to support nutritional health and assist Tucson residents overcome hunger and poverty.
- Pima Council on Aging — $50,000 to support senior housing assistance to assist at-risk seniors remain in their own homes for as long as possible.
- Tucson Clean and Beautiful-Trees for Tucson — $50,000 to support neighborhood beautification and build environmental stewardship to make neighborhoods safer and more livable.
- Tucson Urban League — $75,000 to support the Career Yes workforce development and education program.
- Old Pueblo Community Services — $100,000 to support permanent supportive housing for homeless veterans.
- Our Family Services — $100,000 to support transitional housing for homeless adults who come from backgrounds of severe abuse and neglect.
- Pima Community College Foundation — $100,000 to support workforce development and education.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Kinder Morgan, Inc. (NYSE:KMI), declined -0.63% to $42.59, during its last trading session.
Kinder Morgan, declared it received notification that the Georgia Department of Transportation (Georgia DOT) declined its application for a Certificate of Public Convenience and Necessity associated with the projected Palmetto Pipeline.
The projected Palmetto Pipeline will enable refined petroleum products to be transported from Baton Rouge, Louisiana, Collins and Pascagoula, Mississippi, and Belton, South Carolina, to North Augusta, South Carolina, Savannah, Georgia, and Jacksonville, Florida. The system will have a design capacity of up to 167,000 barrels per day and will comprise of a segment of expansion capacity that Palmetto will lease from Plantation Pipe Line Company between Baton Rouge, Louisiana, and Belton, South Carolina. A new 360-mile pipeline from Belton, South Carolina, to Jacksonville, Florida, will also be constructed as part of the system. Kinder Morgan companies have an 80-year history of doing business in Georgia, safely operating more than 3,000 miles of pipelines across 85 Georgia counties, and employing 300 people within the state. When approved, this about $1 billion project will generate about 1,200 temporary construction jobs, 28 permanent full-time positions, and result in projected revenue to state and local taxing bodies of over $12 million annually.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
At the end of Wednesday’s trade, Shares of Yum! Brands, Inc. (NYSE:YUM), gained 0.60% to $94.88, hitting its highest level.
YUM! Brands, declared the Company will present at the Bernstein Thirty-First Annual Planned Decisions Conference on Wednesday, May 27, 2015 in New York, NY at about 10:00 a.m. ET.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
Finally, Janus Capital Group, Inc. (NYSE:JNS), ended its last trade with 1.71% gain, and closed at $17.86.
INTECH Investment Administration (INTECH) has declared the hiring of Andreea M. Georgiu and J. Bret Young to fill the newly created positions of managing director, business development. In this role, Georgiu and Young, who joined the firm on May 11, 2015, are responsible for developing and managing new business opportunities, with the aim of establishing new client relationships for INTECH. They report directly to John F. Brown, executive vice president, head of global client development.
Mr. Young expressed his interest in working with a global manager that recognizes the value of disciplined risk administration. “Many plan sponsors are still feeling the effects of the global financial crisis. I am looking forward to providing investors with actively managed portfolios that concentrate on generating alpha over the long term, within a risk-managed framework,” Young explained.
INTECH is an independently managed partner of Janus Capital Group Inc. (JNS), based in Denver.
Janus Capital Group, Inc. is a publicly owned asset administration holding company with about $167.7 billion in assets under administration. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients.
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