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Saturday 6 June 2015
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Pre-Market News Report on: Citigroup, (NYSE:C), Medtronic, (NYSE:MDT), Caesars Entertainment Corporation, (NASDAQ:CZR), Career Education, (NASDAQ:CECO)

On Thursday, Shares of Citigroup Inc. (NYSE:C), lost -0.54% to $55.33.

James Forese, President of Citigroup and Chief Executive Officer of the Institutional Clients Group, will present at the 2015 Morgan Stanley Financials Conference on Wednesday, June 10, 2015. The presentation is predictable to start at about 12:05 PM (Eastern).

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Shares of Medtronic plc (NYSE:MDT), declined -1.03% to $76.04, during its last trading session.

Medtronic, and Samsung Electronics, a world leader in consumer electronics committed to transformative mobile health and wellness solutions, declared a partnership to improve diabetes administration for the millions of people at risk and presently living with the disease. People with diabetes want convenient access to effectively manage their health from anywhere and at any time. Medtronic and Samsung Electronics are combining their respective strengths to develop a range of future solutions that will enhance the way people with diabetes live their lives, from remotely viewing diabetes data to ultimately integrating mobile and wearable devices into diabetes administration systems.

The partnership, declared at the American Diabetes Association 75th Scientific Sessions, will combine Samsung`s deep understanding of consumer mobile technology to deliver secure, convenient, and discreet access to information within Medtronic`s integrated diabetes administration systems that provide clinically-proven outcomes. Managing diabetes effectively requires daily ongoing administration to keep blood sugar levels under control. People with diabetes interact with their insulin pump and continuous glucose monitoring (CGM) system throughout the day and are looking for solutions that are easy to use and fit into their lifestyle.

Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group.

At the end of Thursday’s trade, Shares of Caesars Entertainment Corporation (NASDAQ:CZR), lost -9.14% to $7.16.

Caesars Entertainment Corporation’s Total Rewards Air, the gaming industry’s largest domestic charter service, is enhancing its commercial operation by entering into long-term agreements with Sun Country and Via Airlines.

In addition, new technology by Total Rewards Air will allow for ease of booking flight and hotel packages beyond its traditional passenger base of Total Rewards members. The planned charter flights to Atlantic City, Laughlin, Nevada, Tunica and Biloxi, Mississippi, will comprise both invited members of the company’s award-winning loyalty program in addition to retail guests seeking an escape to the leisure destinations.

The expanded service will comprise more than 1,800 flights annually to the Total Rewards Air primary destination hubs of Atlantic City, Laughlin, Nevada, Tunica and Biloxi, Mississippi. Total Rewards Air flies more than 100,000 passengers per year. Sun Country Airlines and Via Airlines will serve as the main operating partners for Total Rewards Air and will service more than 100 origin cities across the United States counting major North American markets such as Dallas, Atlanta, Chicago, Detroit, Los Angeles, Denver, Edmonton and Toronto, in addition to smaller regional markets such as Monterrey, California, Bismarck, North Dakota, Midland, Texas and Colorado Springs, Colorado. Starting this summer, Sun Country Airlines will operate one Boeing 737-700 while Via Airlines will operate five Embraer 145 regional jets on behalf of Total Rewards Air. Via’s regional jets will operate from private aviation terminals (Fixed Based Operators) affording guests the opportunity to experience a true, VIP private jet experience eliminating the long lines and early check-in associated with commercial airline terminals.

Caesars Entertainment Corporation, through its auxiliaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in four segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, Caesars Interactive Entertainment, and Caesars Entertainment Operating Company.

Finally, Career Education Corp. (NASDAQ:CECO), ended its last trade with -0.52% loss, and closed at $3.81.

Career Education Corporation (CECO) declared that David W. Devonshire has presented his resignation from its Board of Directors, citing health concerns. Mr. Devonshire, 69, has served on the company’s board since March 2008 and served as Chairman of the Board from May 2013 until June 2014 and is presently a member of the board’s Audit and Compensation Committees.

Mr. Devonshire served as Executive Vice President and Chief Financial Officer of Motorola, Inc., from March 2002 through his retirement in March 2007. From December 1998 until joining Motorola, Mr. Devonshire was Executive Vice President and Chief Financial Officer of Ingersoll-Rand Company, a global diversified industrial firm. From July 1993 until joining Ingersoll-Rand, he served as Senior Vice President and Chief Financial Officer of Owens Corning, a global producer of residential and commercial building materials.

Mr. Devonshire’s resignation is effective right away preceding to the company’s 2015 Annual Meeting of Stockholders on May 19, 2015. Proxy votes already returned by stockholders will remain valid and will be voted at the company’s 2015 Annual Meeting unless revoked, except that votes will not be cast for Mr. Devonshire because he has resigned from the Board and is no longer standing for re-election. Effective upon his resignation, the size of the board has been reduced by one, to eight directors. Each of the eight nominees is named in the company’s 2015 Proxy Statement.

Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, on-ground, and hybrid learning program offerings in the United States.

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