On Monday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 1.55% to $68.09.
Inner-City Scholarship Fund and JPMorgan Chase & Co. declared a $1 million scholarship endowment in memory of Jimmy Lee, the former Vice Chairman of JPMorgan Chase & Co. and former head of its Investment Bank, who passed away at the age of 62 in June. Jimmy was a devoted supporter of Inner-City’s mission to provide a quality Catholic school education to the children of New York.
The endowment, known as the “Jimmy Lee Fund,” will be used to assist cover tuition for eligible low-income students attending inner-city Catholic high schools within the Archdiocese of New York. Established by a $1 million donation from JPMorgan Chase’s foundation, the scholarship will be offered through Inner-City, New York City’s leading non-profit organization providing tuition assistance for students going to these schools. The endowment builds on donations already offered by Jimmy’s friends, family and colleagues to the Inner-City Scholarship Fund following his death.
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 Walgreens Boots Alliance, Inc. (NASDAQ:WBA), inclined 1.47% to $94.48, during its last trading session, hitting its highest level.
Walgreens Boots Alliance, declared financial results for the third quarter and first nine months of fiscal year 2015 that ended 31 May 2015.
Executive Vice Chairman and CEO Stefano Pessina said, “In just six months since the planned combination that formed Walgreens Boots Alliance, we are startning to make progress in our operations, as we were able to deliver another strong quarter. Our Retail Pharmacy USA division produced a solid enhance in comparable prescriptions filled in the quarter, together with improved retail front-end margins and very good cost control. Our other divisions continued to perform as we predictable. Of course, there is more work to be done as we move forward. The fourth quarter is typically the slowest quarter because of seasonality in the business, while prescription reimbursement pressure continues to impact our pharmacies, making retail margin expansion and cost control as important as ever.”
The company also declared recently that its board of directors has named Stefano Pessina as CEO, effective right away. Pessina had been serving as acting CEO since January. In his capacity as CEO, he will continue reporting to Executive Chairman James Skinner.
Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online.
Finally, Jabil Circuit Inc. (NYSE:JBL), ended its last trade with -0.73% loss, and closed at $20.36.
Jabil Circuit, has signed a memorandum of understanding (MOU) with the administration board of Saigon Hi-Tech Park in Vietnam. The agreement will allow the company to expand its current operation in the hi-tech park.
Vietnamese governmental officials joined the Saigon Hi-Tech Park administration board and Senior Jabil administration at Jabil’s new Blue Sky Center in San Jose, CA for the signing. The memorandum will allow for additional investments to expand Jabil’s existing operations in Vietnam. The new facility, slated for groundbreaking in 2017, will focus on high-volume production of computing, storage, networking, telecommunications, automotive, digital home, mobility, point of sale, printing, industrial and energy sectors.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries.
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