On Wednesday, Shares of General Electric Company (NYSE:GE), gained 0.73% to $27.53.
General Electric Company, unveiled Bright StikTM LED, a redesigned, entry point 60-watt replacement LED, accelerating consumers’ transition from CFL to LED lighting—according to GE industry estimates. With an LED 3-pack for under $10 every day MSRP, Bright Stik is accessible at www.homedepot.com recently and in-store at The Home Depot locations nationwide starting in mid-summer.
Industry estimates show that of the U.S.’s 4 billion residential light bulb sockets, less than 10 percent are filled with LED lighting; but by 2020, more than 50 percent will be LED. This year alone, the consumer lighting market is anticipated to more than double with LED while CFL will decrease, and GE is driving further LED adoption with the introduction of Bright Stik.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Interxion Holding NV (NYSE:INXN), declined -5.86% to $29.09, during its last trading session.
InterXion Holding, declared that after the closing of the NYSE on Tuesday 2 June 2015, Lamont Finance N.V. and Baker Communications Fund II, L.P. requested that Interxion instruct its Transfer Agent, American Stock Transfer & Trust Company, to remove the restrictive legend on all of the 18,657,592 Interxion shares held by Lamont Finance N.V. and Baker Communications Fund II, L.P.
Baker Capital has informed Interxion that it intends to make a pro rata distribution-in-kind of these shares right away to the partners of Baker Communications Fund II (Cayman) L.P. and Baker Communications Fund II L.P., which funds had made their initial acquisition of Interxion shares in 2000. Under the terms of the undertaking executed by Baker Capital in support of the projected transaction between Interxion and Telecity Group plc, it was contemplated that Baker Capital would make a full distribution of its shares to its partners upon the closing of the transaction. The distribution is being made now following the termination of the projected transaction with Telecity Group plc and the related undertaking executed by Baker Capital. Following the distribution, Baker Capital will own shares constituting less than 1% of the outstanding ordinary shares of Interxion.
InterXion Holding N.V. provides carrier and cloud neutral colocation data center services in Europe. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.
At the end of Wednesday’s trade, Shares of E*TRADE Financial Corporation (NASDAQ:ETFC), lost -0.61% to $30.34, hitting its highest level.
E*TRADE Financial Corporation, declared it topped $50 billion in retirement assets under administration as of the end of May 2015. Retirement assets have more than doubled since May 2010 — up from $24 billion — as investors increasingly turn to E*TRADE to take control of their retirement, investing, and savings.
In the first quarter of this year, roughly one-fourth of net new assets were in retirement accounts. Assets in managed accounts reached $3.2 billion in Q1 2015, up an impressive 24 percent from a year ago.
“Investors continue to choose E*TRADE to assist secure their retirement and grow their nest eggs,” said Navtej S. Nandra, President of E*TRADE Financial. “Customer retirement assets accelerated in the last three years by $18 billion, underscoring the faith investors place in the E*TRADE retirement offering. We provide an experience defined by comprehensive educational resources, useful and intuitive tools, and professional guidance on our customers’ terms.”
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.
Finally, Penn National Gaming Inc. (NASDAQ:PENN), ended its last trade with 0.24% loss, and closed at $16.55.
Penn National Gaming, declared that Richard St. Jean has been named General Manager of Hollywood Casino Jamul-San Diego. Mr. St. Jean, who presently serves as General Manager of Hollywood Casino Toledo, will also assume an oversight role at Zia Park Casino Hotel & Racetrack in Hobbs, New Mexico. The Company also named Frank Quigley, until recently the interim General Manager of Casino Rama in Orillia, Ontario, as General Manager of Hollywood Casino Toledo. Both appointments are subject to customary regulatory approvals and are predictable to be effective in early June 2015.
Mr. St. Jean will have full responsibility for the opening and administration of the planned $360 million Hollywood Casino Jamul-San Diego, which will be owned by the Jamul Indian Village of California and managed by Penn National Gaming. The new property, situated about 20 miles east of downtown San Diego off State Route 94, is planned to open in mid-2016 and is predictable to feature 1,700 slot machines and 43 live table games together with multiple food and beverage options. Mr. St. Jean will also oversee the Company’s efforts to recruit and train about 1,000 employees who will serve at the property upon its opening. In addition, he will assume an oversight role at the Company’s Zia Park Casino Hotel & Racetrack, where he will work closely with recently named General Manager Hussain Mahrous to drive continued growth at the property, which saw the addition of a new 154-room hotel in August 2014.
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations.
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