On Friday, Shares of Banco Bradesco SA (ADR)(NYSE:BBD), added 0.44% and closed at $9.07 in the last trading session. The last trading range of the stock ranges between $9.02 and $9.22. Rail technology leader Bombardier Transportation declared recently that it has signed a new contract with the Southern California Regional Rail Authority (SCRRA) of Los Angeles, California to provide eight years of maintenance services for SCRRA`s Metrolink commuter rail fleet. The contract is valued at about $23 million US ($30 million CAD, 21 million euro) per year and is subject to adjustment based on any changes to the current service plan. The agreement includes a single four-year option.
While the new contract will take effect on January 1, 2017, Bombardier has been providing maintenance services for Metrolink under previous contracts since 1998. Among its responsibilities, Bombardier ensures the availability and reliability of Metrolink`s fleet of locomotives and passenger cars, counting BOMBARDIER BiLevel coaches. Bombardier`s maintenance on-time performance average over the past 12 months is 99.87 percent.
Metrolink is the third leading commuter rail agency in the United States based on directional route miles and the eighth leading based on annual ridership, serving Los Angeles, Orange, Riverside, San Bernardino and Venture Counties. Working together with Metrolink and its other partners, Bombardier contributes to the improved mobility, cleaner air, and improved quality of life that public transportation brings to this fast-growing, increasingly congested region.
Bank of New York Mellon Corp (NYSE:BK), jumped 2.10% and closed at $39.88 in the last trading session. The last trading range of the stock ranges between $39.30 and $40.08. The company’s Market capitalization is $43.47 Billion with the total Outstanding Shares of 1.07 Billion. BNY Mellon, a global leader in investment administration and investment services, declared recently that its Board of Directors has elected Elizabeth Robinson, the former Global Treasurer of The Goldman Sachs Group, Inc., as an independent director, effective right away. With the addition of Robinson, BNY Mellon’s Board will have 12 directors, 11 of whom are independent. Robinson will also be included in BNY Mellon’s slate of nominees for election to the Board at the 2017 Annual Meeting of Shareholders.
“We are delighted to welcome Liz to our Board,” said BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell. “Liz will be a great asset to BNY Mellon as we continue to execute on our planned and regulatory programs.”
Robinson will join the Finance and Risk Committees of BNY Mellon’s Board of Directors.
Robinson, 47, joined Goldman Sachs in 1990 in the Investment Banking Division. She became the Global Treasurer in 2005 and a partner in 2006. As Treasurer, Robinson managed Goldman Sachs’ liquidity risk, balance sheet, and capital, funded the firm’s global businesses and worked with external stakeholders. Robinson stepped down as Treasurer at the end of 2015 and, until August 2016, served as an Advisory Director and a member of the Board of Directors of Goldman Sachs Bank USA.