During Tuesday’s Current trade, Shares of Bank of America Corp (NYSE:BAC), gained 0.35% to $15.74.
China’s yuan may have further to fall after the nation shocked markets in August by devaluing its currency, according to David Woo, Bank of America Corp.’s head of global rates and currencies research, according to Bloomberg.
“My gut tells me it could be as much as 10 percent,” Woo said in an interview on Bloomberg Television. “Letting the currency go is going to be part of a package of monetary easing, let’s call it Chinese quantitative easing.”
Woo likened China’s monetary policy to QE programs in Japan and the euro area, which prompted the yen and euro to depreciate. Financial markets aren’t prepared for a big slide in the Chinese currency, he said.
Chinese markets are closed for national holidays. The yuan was little changed at 6.3571 per dollar on Sept. 30. The currency’s trading band limits onshore yuan moves to 2 percent on either side of the reference rate. Bloomberg Reports
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset administration and other financial and risk administration products and services.
Shares of FleetMatics Group PLC (NYSE:FLTX), declined -2.23% to $52.91, during its current trading session.
FleetMatics Group, declared that Steve Lifshatz, the Company’s Chief Financial Officer, is planned to present at the RBC Technology Conference on Tuesday, November 10, 2015 in New York. The Company will webcast the presentation live at about 11:20 a.m. Eastern Time.
Fleetmatics Group PLC is a holding company. The Company is a provider of fleet administration solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles.
SolarCity Corp (NASDAQ:SCTY), during its Tuesday’s current trading session lost -0.49% to $46.99.
SolarCity Corp, and Temecula Valley Unified School District (TVUSD) are together installing a six megawatt solar and energy storage project across 19 schools and the district’s administrative office. The project, which comprises energy storage systems at five sites, required no upfront investment and is predictable to save the district more than $520,000 within the first year of operation alone, and $35 million over 25 years by providing affordable power at a discount to utility rates.
The project comprises 18 solar carports and two ground mount solar arrays. The carports incorporate SolarCity’s ZS Beam technology, which is safer, faster and more cost efficient to install than formerly possible. Carports also provide shade for parking and even the district’s students during break and lunch hours. Five of the project’s sites will also be equipped with DemandLogic™, SolarCity’s smart energy storage system for businesses. Together, the DemandLogic systems will have 2,600 kilowatt hours of energy storage capacity that can later be intelligently dispatched during times of highest demand. TVUSD will reduce energy costs by using stored electricity to lower peak demand, further contributing to the district’s overall cost savings.
SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales, engineering, installation, monitoring, maintenance and financing of its distributed solar energy systems.
Finally, Metlife Inc (NYSE:MET), lost -1.05%, to $47.29.
Metlife, declared it has earned the top spot among insurers on the Dave Thomas Foundation for Adoption’s 2015 Best Adoption-Friendly Workplaces List. This is the eighth year in a row MetLife has been recognized for its employee adoption benefits, parental leave policies and flexible work culture.
Since 2008, the Dave Thomas Foundation for Adoption has compiled an annual list of the 100 Best Adoption-Friendly Workplaces to recognize employers that offer the best adoption benefits in the United States. The rankings, compiled from an annual survey of U.S. employers, are determined by an analysis of each company’s adoption benefits, counting the maximum financial reimbursement and the amount of paid leave offered for employees who adopt.
MetLife offers reimbursement of eligible adoption-related expenses to adopting parents, in addition to the same benefits enjoyed by all working families at MetLife, counting:
- Flexible work arrangements such as compressed work weeks, part-time work, job-sharing, flextime, virtual work and telecommuting.
- Parental leave coaching to assist employees and managers prepare for parental leave and return to work confidently.
- Back-up child care for up to 15 days per child per year when regular care is unavailable, in addition to up to 10 percent in child care discounts.
MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset administration. The Company’s segments comprise Retail; Group, Voluntary & Operatesite Benefits, and Corporate Benefit Funding.
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