Shares of Communications Sales & Leasing Inc (NASDAQ:CSAL) ended Thursday session in green amid volatile trading. The shares closed up +0.13 points or 0.42% at $31.33 with 2.93 million shares getting traded. Post opening the session at $31.11, the shares hit an intraday low of $30.93 and an intraday high of $31.59 and the price vacillated in this range throughout the day. The company has a market cap of $4.91 billion and the numbers of outstanding shares have been calculated to be 153.91 million shares.
Communications Sales & Leasing Inc (CSAL) on Aug. 31, 2016 announced the completion of its acquisition of Tower Cloud, Inc. (“Tower Cloud”). The Company used cash on hand and borrowings under its revolving credit facility to fund the $185 million cash portion of the purchase price and transaction costs, and issued 1.9 million common shares.
Kenny Gunderman, President and Chief Executive Officer of CS&L, commented, “We are pleased to announce the closing of this transaction and the combination of Tower Cloud and PEG Bandwidth into a unified organization. Uniti Fiber is the new brand name of our combined fiber infrastructure group. As previously announced, Ron Mudry leads the combined business as President of Uniti Fiber. Mike Friloux, previously CEO of PEG, has been named Chief Technology Officer of CS&L.”
Shares of BB&T Corporation (NYSE:BBT) ended Thursday session in red amid volatile trading. The shares closed down -0.18 points or -0.47% at $38.32 with 3.89 million shares getting traded. Post opening the session at $38.60, the shares hit an intraday low of $37.97 and an intraday high of $38.65 and the price vacillated in this range throughout the day. The company has a market cap of $31.35 billion and the numbers of outstanding shares have been calculated to be 814.50 million shares.
On Aug. 30, 2016 As students begin the 2016-17 school-year, BB&T announced the expansion of its Financial Foundations program, powered by EverFi, from 10 to 15 states. The web-based program successfully teaches high school students how to comprehend and work with the principles of personal finance at no cost to schools or taxpayers.
Since its implementation in 2010, more than 326,000 students have taken the BB&T Financial Foundations course. It is used in more than 1,000 schools where students have logged more than 914,300 hours of learning. After taking the BB&T Financial Foundations course, students on average increased their test score to 88 percent from 47 percent, or improved to a B+ from an F. In addition, students’ understanding of how to maintain a positive credit score nearly doubled, and their comprehension of how to apply for financial aid to help pay for college increased 85 percent.
The state-of-the-art, web-based learning platform consists of 3-D gaming and simulated environments, avatars, Twitter-like messaging tools and videos. The program, which is incorporated into existing school curriculum, teaches high school juniors and seniors financial concepts integrated in nine basic online modules.
“Throughout the year, we have all learned lessons that we will carry throughout our lives. From starting college, having children, and starting 401(k) plans,” said Aida Siegal, a 2016 Stranahan High School Senior in Ft. Lauderdale, Fla. “Through BB&T Financial Foundations, we now have a base of financial literacy education.”