On Monday, Shares of National Bank of Greece S.A. (NYSE:NBG), lost -1.65% to $1.20, despite of the news fact that in Sunday’s Eurozone summit meeting, leaders agreed to offer the country a third bailout.
After seemingly unending negotiation talks between debt strapped Greece and it international creditors the country’s much debated exit from the eurozone has been prevented.
Greece must pass reforms demanded by its creditors by Wednesday, BBC.com reports. Reforms comprise increasing taxes, streamlining pensions and loosening restrictions on the labor market.
National Bank of Greece S.A., together with its auxiliaries, provides diversified financial services. The company is involved in retail and commercial banking, asset administration, investment banking, brokerage, and insurance activities.
Shares of The Procter & Gamble Company (NYSE:PG), inclined 1.19% to $81.91, during its last trading session.
The Procter & Gamble Company, declared the signing of a definitive agreement to merge 43 of its beauty brands with Coty Inc. in a Reverse Morris Trust transaction. The transaction comprises P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, together with select hair styling brands.
P&G Chairman, President and Chief Executive Officer, AG Lafley, commented: “This represents a noteworthy step forward in the work to focus our portfolio on 10 categories and 65 brands that best leverage P&G’s core competencies. We have leading global brand positions in these categories, consumer preferred products and leading brands in the largest markets. These businesses and brands have historically grown faster and have been more profitable than the balance. We expect these ten categories to grow and create value as we focus the energy and resources of the company exclusively on them.”
“The merger with Coty, a planned acquirer, will provide an excellent new home for these businesses and brands, in addition to for the talented people who are operating them. We look forward to a successful transition and we will work together to maximize value for the shareholders of both companies,” said Mr. Lafley.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Finally, Carnival Corporation (NYSE:CCL), ended its last trade with 2.47% gain, and closed at $51.83, hitting its highest level.
Carnival Corporation, marked the starting of construction of Princess Cruises’ third new generation of ships with the official keel laying ceremony at the Fincantieri shipyard in Monfalcone, Italy. As the keel – the bottommost part of the ship – was ceremoniously lowered into position, and shipyard officials celebrated the occasion with a traditional Chinese lion dance. This, yet to be named ship, will be customized to appeal to the China market when it debuts in summer 2017.
Following the lion dance and a traditional blessing by a priest, the ship’s keel – which weighs about 500 tons – was moved into position by crane onto the keel blocks. The computer-guided maneuver took only minutes, belying the more than two million man-hours that will ultimately go into building the vessel. The 3,600-passenger, 141,000-ton ship will remain in the building dock until float out next summer.
“The lion dance has been part of the Chinese culture for thousands of years and is performed on various auspicious occasions and celebrations. According to traditional Chinese belief, the lion signifies courage, wisdom, and good fortune and brings happiness, longevity, and good luck. We believe this special ceremony will bring prosperity and good fortune to Princess Cruises and our guests in China,” said Cherry Wang, country director of Carnival China, who also traveled to Italy for the ceremony.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships.
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