On Friday, in the course of current trade, Shares of Citigroup Inc. (NYSE:C), dropped -0.44%, and is now trading at $54.31.
On May 20, Citi declared that it has reached settlements with the United States Department of Justice (DOJ) and the Board of Governors of the Federal Reserve System (Fed) to resolve investigations into Citi’s foreign exchange business.
The settlement with the DOJ comprises a guilty plea by Citicorp, a partner of Citigroup Inc., to a violation of the Sherman Antitrust Act and fine of $925 million. The settlement with the Fed comprises the entry of a cease and desist order and a civil money penalty of $342 million. Citi also declared that it has reached a separate agreement to settle related private U.S. class action claims for a payment of $394 million, subject to court approval.
Citi anticipates to maintain its licenses and does not expect a material impact on its operations or ability to serve its clients. The payments required by each of the settlements Citi declared recently are covered by existing legal reserves and will not require a charge to earnings in the second quarter of 2015.
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).
In an opening trade, Shares of Halliburton Company (NYSE:HAL), gained 0.90%, and is now trading at $45.76, as oil prices rose on Friday, assisted by a drop in U.S. inventories and a weaker dollar, ahead of next week’s OPEC meeting.
The June 5 meeting of the Organization of the Petroleum Exporting Countries comes at a pivotal time for the oil market. Prices have shot up by around 40% in the past two months on expectations that U.S. oil production will slow. But the rally has sputtered recently and prices are heading for a second successive weekly loss.
While many market watchers expect OPEC will stick to its decision not to cut output, the meeting will be closely watched for clues about the organization’s next moves. WSJ Reports.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, counting stimulation services and sand control services; and cementing services that comprise bonding the well and well casing, and casing equipment.
Shares of Wal-Mart Stores Inc. (NYSE:WMT), during its Friday’s current trading session fell -0.33%, and is now trading at $74.59.
Wal-Mart and the Walmart Foundation declared donations totaling $500,000 to organizations assisting with relief efforts for those affected by the floods in Texas and Oklahoma. The amount donated comprises cash along with in-kind donations such as food, water, cleaning supplies, baby and personal care products. When flooding began earlier this week, Walmart right away donated and delivered 75,000 bottles of water to affected areas in the Texas communities of Henderson and San Marcos. The company has also donated cleaning products, diapers, work gloves and other supplies to support flood relief efforts and supply shelters in Houston, Wimberley and San Marcos. These donations are in addition to the $80,000 the Walmart Foundation committed to the America Red Cross to provide relief assistance in Texas and Oklahoma when severe storms hit those states earlier this month.
For Walmart, assisting communities in need during times of tragedy is personal, with associates living and working in communities affected. The company has sent people into the field to aid in relief efforts, and associates at Walmart store #404 in San Marcos have volunteered their time to assist clean and repair homes of fellow associates and customers after the flood.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sams Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, NXP Semiconductors NV (NASDAQ:NXPI), gained 0.65% Friday.
NXP Semiconductors, and Stora Enso have reached joint development of intelligent packaging solutions. The development will focus on integrating RFID (Radio frequency identification) into packages for consumer engagement and supply chain purposes. The partnership will also focus on brand protection and the development of tamper evidence applications. These solutions will benefit both consumers and brand owners.
By using NXP RFID technology such as near field communication (NFC) and ultra-high frequency (UHF), Stora Enso smart packages can be easily tracked and traced through the entire supply chain providing full end-to-end transparency. The integrated technology is also able to detect if the smart package has been tampered with en route to the consumer and, once in the hands of the consumer, can provide additional information and interaction through (the tap of) an NFC-enabled smart phone. This visibility and insight is critical for brands and major manufacturers to ensure their products are being shipped and handled correctly. For consumers the benefits are two-fold; the smart packaging can verify the authenticity of the product and also provide care, usage and other important information via the NFC-enabled tag.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide.
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