Shares of CBL & Associates Properties, Inc. (NYSE:CBL) ended Friday session in red amid volatile trading. The shares closed down -0.08 points or -0.63% at $12.68 with 4.70 million shares getting traded. Post opening the session at $12.65, the shares hit an intraday low of $12.43 and an intraday high of $12.77 and the price vacillated in this range throughout the day. The company has a market cap of $2.04 billion and the numbers of outstanding shares have been calculated to be 170.79 million shares.
CBL & Associates Properties, Inc. (CBL) on September 1, 2016 announced that it closed on the assignment of 100% of the partnership ownership interest in High Pointe Commons in Harrisburg, PA to Unison Realty Partners. High Pointe Commons is a 355,000-square-foot community center anchored by Target and JCPenney. The partnership received total consideration of $33.8 million. Proceeds from the transaction were used to retire existing secured loans aggregating $17.4 million with CBL’s share of net proceeds used to reduce outstanding balances on the Company’s lines of credit.
“This transaction is the latest example of our ability to raise attractively priced capital through dispositions of high-quality community centers,” said Stephen D. Lebovitz, president & CEO. “The excess proceeds from these asset sales furthers our progress reducing leverage, improving our credit metrics and strengthening our balance sheet.”
Shares of SLM Corp (NASDAQ:SLM) ended Friday session in red amid volatile trading. The shares closed down -0.10 points or -1.34% at $7.39 with 4.69 million shares getting traded. Post opening the session at $7.41, the shares hit an intraday low of $7.19 and an intraday high of $7.54 and the price vacillated in this range throughout the day. The company has a market cap of $3.08 billion and the numbers of outstanding shares have been calculated to be 428.10 million shares.
On September 16, 2016 Four Salt Lake City area teens who acted quickly to help a single mother and her two young sons after a terrifying car accident received a deserving surprise on Wednesday’s episode of “Steve Harvey.” Sallie Mae, the nation’s saving, planning, and paying for college company, helped Krystal Brown, the mother involved in the accident, thank the four good Samaritan teens, Myia Deherrera, Kiara Kirton, Coltin McClain, and Jenica Pender of Roy, Utah, each of whom is a high school senior who aspires to attend college, by giving each $5,000 to help make their dreams of higher education a reality.
“On the worst night of my life, these four teenagers made a choice to do something they didn’t have to do. They chose to stop and help my sons and me, and they did it with heart and ease and compassion, and they even stayed with us for more than four hours until the tow trucks were gone,” said Krystal Brown. “I haven’t seen these heroes since the accident, and I’m especially grateful to Sallie Mae and Steve Harvey for giving me this opportunity to show my appreciation by helping each of them achieve their dream of attending college.”
Myia, Kiara, Coltin, and Jenica have broad career aspirations, ranging from medicine to psychology to cosmetology. Each of them expects college to be the ticket to their future and they have already begun researching and applying at colleges and universities in Utah.
“We immediately pulled over when we saw the accident. We knew we wanted to help — it was just the right thing to do,” said Myia Deherrera. “We did what we hope any person would do if they see someone who needs help. We certainly didn’t expect this thank you and we were just floored when Steve brought out those large checks. We are touched that Krystal went out of her way to show her appreciation and that Sallie Mae stepped up to help us pay for college.”
“Every day heroes are all around us, whether first responders, teachers, nurses, or four teenagers who make a critical decision to help a mom and her children,” said Martha Holler, senior vice president, Sallie Mae. “The actions of Myia, Kiara, Coltin, and Jenica on that day inspired us. They have big plans and bright futures ahead of them. Those futures start with college, and we are thrilled to help them on that journey.”