On Thursday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.06% to $16.73.
Bank of America Corporation, Chief Executive Officer Brian Moynihan will take part in the Bernstein Planned Decisions Conference on Wednesday, May 27 at 8 a.m. Eastern Time.
On May 19, Bank of America Merrill Lynch has been rated the nation’s most successful 401(k) plan provider, according to a study by the National Association of Retirement Plan Participants (NARPP), a nonprofit organization and advocate for individual savers in these plans. Findings from NARPP’s second annual Participant FELT Study™ are based on interviews with more than 4,300 active retirement plan participants.
FELT – which stands for Financial Empowerment, Literacy and Trust – is a pioneering study that identifies key drivers of savings rates and other behaviors of 401(k) plan participants, and explores how and where service providers have been successful in assisting employees engage with their plans and improve financial literacy and outcomes.
Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.
Shares of CVS Health Corporation (NYSE:CVS), inclined 2.39% to $103.69, during its last trading session.
CVS Health Corporation, and Omnicare, Inc. (OCR) declared that they have reached a definitive agreement for CVS Health to acquire Omnicare, the leading provider of pharmacy services to long term care facilities, for $98.00 per share in cash, for a total enterprise value of about $12.7 billion, which comprises about $2.3 billion in debt. In total, Omnicare has about 13,000 employees at 160 locations in 47 states across the U.S.
With the acquisition of Omnicare, CVS Health will significantly expand its ability to dispense prescriptions in assisted living and long term care facilities, serving the senior patient population. CVS Health will also expand its presence in the rapidly growing specialty pharmacy business. Omnicare’s complementary specialty pharmacy platform and clinical expertise will augment CVS Health’s capabilities and enable CVS Health to continue to provide innovative and cost-effective solutions to patients and payors.
The boards of directors of both companies have approved the transaction, which is subject to approval by the holders of Omnicare’s common stock, in addition to other customary closing conditions, counting applicable regulatory approvals. The transaction is predictable to close near the end of 2015.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. The Pharmacy Services segment offers pharmacy benefit administration services, such as plan design and administration, formulary administration, Medicare Part D services, mail order and specialty pharmacy services, retail pharmacy network administration services, prescription administration systems, clinical services, disease administration programs, and medical pharmacy administration services.
At the end of Thursday’s trade, Shares of American Express Company (NYSE:AXP), lost -0.25% to $80.76.
Leading chefs and restaurateurs from around the country will convene at the 26th annual American Express Restaurant Trade Program from June 19-21, 2015. An exclusive feature of the FOOD & WINE Classic in Aspen, the program provides attendees a forum to share strategies and exchange ideas for achieving growth and spurring innovation in the restaurant industry.
This year’s program will feature three panels that offer insights from the industry’s brightest culinary stars, in addition to valuable networking opportunities. For the first time, American Express will also award $1,000 to one restaurateur as part of the New Restaurant Concept Pitch Contest, which allowed program pass holders to submit their idea for a new restaurant concept.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
Finally, Rowan Companies plc (NYSE:RDC), ended its last trade with 5.23% gain, and closed at $23.34.
Rowan Companies, declared that its report of drilling rig status and contract information has been updated as of May 19, 2015.
Notable events in the current report comprise:
- Rowan Gorilla V: Awarded a two-well extension estimated for an additional year with Total in the U.K. Sector of the North Sea. The day rate is revised to $170,000 from $274,000 effective January 1, 2015, and will enhance to $175,000 on January 1, 2016, for the remainder of the term which is predictable to end in August 2016. The retroactive adjustment to day rate revenue was comprised of in Rowan’s first quarter financial results.
- Rowan Stavanger: Awarded an extension estimated for 30 days to June 2015 with Talisman at the current day rate of $150,000.
- Rowan EXL III: Awarded a one-well contract estimated for 40 days with ExxonMobil in the Gulf of Mexico at a day rate of $75,000, which commenced startning of May 2015.
- Ralph Coffman: Awarded an extension estimated for 30 days startning mid-May 2015 with BG at a day rate of $170,000.
Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 30 self-elevating mobile offshore jack-up drilling units, in addition to 3 ultra-deepwater drill ships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia, and Trinidad. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.
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