Shares of Unilever N.V. (ADR) (NYSE:UN) ended Monday session in green amid volatile trading. The shares closed up +0.49 points or 1.07% at $46.11 with 1.28 billion shares getting traded. Post opening the session at $45.59 the shares hit an intraday low of $45.52 and an intraday high of $46.20 and the price vacillated in this range throughout the day. The company has a market cap of $137.39 billion and the numbers of outstanding shares have been calculated to be 1.28 billion shares.
On August 26, 2016 Unilever US announced it joins 29 companies in signing the White House Equal Pay Pledge. Unilever believes that business plays a critical role in reducing the pay gap. By signing the pledge, Unilever US commits to conducting an annual company-wide gender pay analysis, reviewing hiring and promotion processes and procedures to reduce unconscious bias and structural barriers, and embedding equal pay efforts into broader equity initiatives. The pledge reaffirms the company’s commitment to the advancement of women’s economic inclusion as a business priority and Unilever will continue to conduct comprehensive analyses of rewards and compensation across the organization.
As part of The Unilever Sustainable Living Plan, which is the company’s strategy for sustainable growth, Unilever created a framework for fair compensation across the organization. The “Framework for Fair Compensation” outlines how the various existing elements of the company’s compensation packages deliver fair compensation to employees and is supported by a methodology that monitors employee’s benefits.
“Unilever continues to be vocal about the equality of women in the workplace,” said Mike Clementi, Unilever North America Vice President of Human Resources. “By signing the White House Equal Pay Pledge, we remain committed to reviewing our policies and ensuring Unilever is a leader in providing benefits that empower women at work.”
Shares of PACCAR Inc (NASDAQ:PCAR) ended Monday session in green amid volatile trading. The shares closed up +1.06 points or 1.89% at $57.17 with 350.53 million shares getting traded. Post opening the session at $55.72 the shares hit an intraday low of $55.54 and an intraday high of $57.26 and the price vacillated in this range throughout the day. The company has a market cap of $19.56 billion and the numbers of outstanding shares have been calculated to be 350.53 million shares.
On July 26, 2016 “PACCAR (PCAR) achieved good quarterly net income in the second quarter of 2016,” said Ron Armstrong, chief executive officer. “PACCAR’s financial results reflect favorable truck markets and good aftermarket parts and financial services results worldwide. I am very proud of our 23,000 employees who have delivered outstanding products and services to our customers.”
Second quarter net sales and financial services revenues were $4.41 billion, compared to $5.08 billion in the second quarter of 2015. PACCAR earned adjusted net income (non-GAAP)1 of $371.7 million ($1.06 per diluted share) in the second quarter of 2016, excluding a favorable $109.6 million adjustment to the non-recurring charge established in the first quarter this year for the European Commission (EC) investigation of all European truck manufacturers. On July 19, 2016 the EC concluded its investigation by reaching a settlement with DAF. Including the favorable adjustment to the EC charge, which is not taxable, PACCAR reported net income of $481.3 million ($1.37 per diluted share) in the second quarter of 2016. The company earned net income of $447.2 million ($1.26 per diluted share) in the second quarter last year.
For the first six months of 2016, PACCAR reported adjusted net income (non-GAAP) of $719.7 million ($2.05 per diluted share), excluding the $833.0 million non-recurring charge for the EC investigation. The company earned $825.6 million ($2.32 per diluted share) in the first six months of 2015. Including the non-recurring charge, PACCAR reported a net loss of $113.3 million ($.32 per diluted share) in the first six months of 2016. PACCAR’s regular quarterly dividend will not be impacted by the EC charge. Net sales and financial services revenues for the first six months of 2016 were $8.71 billion compared to $9.91 billion last year.