On Monday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -0.73% to $14.89, after analysts at Goldman Sachs downgraded the company to “neutral” from “buy” last morning.
Goldman analysts also lowered their price target to $16 from $19.
The firm cited its reduced commodity price outlook that could pressure Chesapeake’s balance sheet, given increasing operating leverage to commodity prices and minimum volume contracts.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.
Shares of JPMorgan Chase & Co. (NYSE:JPM), inclined 0.82% to $66.42, during its last trading session, hitting its highest level.
Recently, Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], and Avios Group (AGL) Limited declared a multi-year extension to the co-branded credit card, British Airways Visa Signature® Card. The agreement strengthens a more than 20-year legacy between the companies, providing exclusive benefits and rewards for international and domestic travel.
The British Airways Visa Signature Card continues to deliver a valuable portfolio of rewards and first-rate travel perks:
- Three Avios earned for every $1 spent on British Airways, Iberia and Openskies Purchases and one Avios earned for every $1 spent everywhere else
- First major airline credit card in the United States to offer no foreign transaction fees
- Every calendar year $30,000 in purchases made on the British Airways Visa Signature card will earn a Travel Together Ticket, good for two years
- Card is enabled with new smart chip and signature technology that allows easy use for chip-based purchases in Europe and beyond.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
At the end of Monday’s trade, Shares of Mondelez International, Inc. (NASDAQ:MDLZ), lost -1.11% to $40.
Today, Mondelez International, declared its $400 million Cocoa Life program is fully operational in Indonesia, the world’s third largest cocoa origin and the biggest cocoa origin in Asia. By the end of 2015, Cocoa Life will be operating in more than 100 Indonesian communities and will have trained 8,000 farmers in agricultural and business skills to assist improve cocoa yields, protect the environment and boost farmer incomes. By 2022, the program plans to train 50,000 farmers and in turn benefit about 200,000 people in local communities, promoting women’s empowerment and education for children.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
Finally, MGM Resorts International (NYSE:MGM), ended its last trade with 1.08% gain, and closed at $19.68.
MGM Resorts International, urged its shareholders to follow the recommendation of the leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), which advised MGM’s shareholders to vote the WHITE proxy card FOR the reelection of all eleven of MGM’s director nominees. MGM’s 2015 Annual Meeting will be held on May 28, 2015.
The Company also responded to a report by proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”): “While MGM notes Glass Lewis’ positive comments about the Board and administration, we firmly believe that they have reached the wrong conclusion in recommending in favor of one L&B nominee. Oversight of a complex global gaming organization requires a Board with a diverse set of skills and expertise, and replacing any of the targeted directors would alter the balanced and cohesive approach so vital to our continued success. The Board has made a firm commitment to ongoing to conduct a thorough analysis of all of MGM’s planned options and we believe our directors have the necessary expertise to execute this comprehensive evaluation. MGM’s Board has three directors representing 23% of MGM’s stock as of the record date and we believe this aligns our Board very clearly with the aims of delivering optimal performance and maximizing value for shareholders. We urge shareholders to discard any gold proxy cards from L&B.”
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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