On Friday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.39% to $68.25.
JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA will come face to face with the European Union antitrust officials who accused them of rigging the Euribor benchmark at hearings this week, according to Bloomberg.
France’s third-biggest bank was first up Monday and will be followed by JPMorgan and HSBC as the trio seek to expose faults in the EU case that’s been beset with difficulties, said two people familiar with the three-day hearing, who asked not to be identified because it will take place behind closed doors.
“It’s unusual that a case would be completely turned around” at a hearing, said John Temple Lang, a former antitrust official who’s now a consultant at Cleary Gottlieb Steen & Hamilton LLP in Brussels. If their arguments are convincing, “it’s more likely that the case would be modified,” which may lower any fines. Bloomberg Reports.
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of LeapFrog Enterprises Inc. (NYSE:LF), declined -25.60% to $1.54, during its last trading session, hitting its lowest level.
LeapFrog Enterprises, declared financial results for the fiscal fourth quarter and full year 2015. The company’s fiscal year covers the twelve-month period ending March 31, 2015.
Summary of financial results for the fiscal year ended March 31, 2015 contrast to the full year ended March 31, 2014:
- Merged net sales were $339.1 million, down 36%. U.S. segment net sales were down 37%, and international segment net sales were down 33%.
- Net loss per basic and diluted share was $3.12 and comprised of a net non-cash charge of $0.22 per share for goodwill impairment, $0.52 per share for impairment of long-lived assets and $1.30 per share for additional deferred tax asset valuation allowance. In the preceding year period, net income per diluted share was $1.07 and comprised of $0.89 per share non-cash benefit from the reduction of deferred tax asset valuation allowance.
- Adjusted net loss per basic and diluted share1, which excludes goodwill impairment, impairment of long-lived assets and the deferred tax asset valuation allowance adjustment, was $1.08, contrast to adjusted net income per diluted share of $0.18 a year ago.
- Cash and cash equivalents were $127.2 million as of March 31, 2015, down 45% contrast to $232.0 million as of March 31, 2014.
LeapFrog Enterprises, Inc. designs, develops, and markets technology-based learning products and related proprietary content for children worldwide. The company offers multimedia learning platform products, counting LeapPad2 Power, LeapPad Ultra, and LeapReader learning tablets for children ages three to nine with camera, and on-board content and utilities; and the Leapster family of handheld learning game systems for children ages four to nine.
Finally, Goldcorp Inc. (NYSE:GG), ended its last trade with -0.71% loss, and closed at $16.85, hitting its lowest level.
Goldcorp, has been named one of Canada’s 50 Most Socially Responsible Corporations by Sustainalytics, an independent provider of environmental, social and governance (ESG) research to institutional investors and financial institutions around the world. The annual list recognizes companies with an outstanding commitment to social and environmental responsibility.
“Operating in a transparent and socially responsible manner is a commitment that is absolutely fundamental to the way we do business,” said Chuck Jeannes, Goldcorp’s President and CEO. “We’re proud of the strides we’ve made incorporating best practices into everything from land reclamation to ensuring we hire local workers and source from local suppliers where possible. We believe that every community we work with should prosper. This acknowledgment from Sustainalytics validates the work we’re doing.”
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
