On Monday, Shares of Citigroup Inc. (NYSE:C), lost -0.09% to $53.97, following reports that the bank may plead guilty to an antitrust charge, according to Reuters.
Citigroup has been under investigation by the Department of Justice for its dealings in foreign exchange markets.
The company is one of six major banks that have been under investigation by global authorities, for trying to manipulate rates in the $5 trillion a day foreign exchange market, Reuters added.
The related fine for Citigroup would likely not exceed $1 billion, according to Bloomberg.
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).
Shares of Calpine Corp. (NYSE:CPN), inclined 1.38% to $21.32, during its last trading session.
Calpine Corporation, stated first quarter 2015 Adjusted EBITDA of $338 million, contrast to $446 million in the preceding year period, and Adjusted Free Cash Flow of $25 million, or $0.07 per diluted share, contrast to $130 million, or $0.31 per diluted share, in the preceding year period. Net Loss for the first quarter of 2015 was $10 million, or $0.03 per diluted share, contrast to $17 million, or $0.04 per diluted share, in the preceding year period. Net Loss, As Adjusted, for the first quarter of 2015 was $62 million contrast to Net Income, As Adjusted, of $56 million in the preceding year period. The decreases in Adjusted EBITDA, Adjusted Free Cash Flow and Net Income, As Adjusted, were primarily due to lower Commodity Margin driven largely by the impacts of the polar vortex in the first quarter of 2014, which resulted in significantly higher power and natural gas prices in our East region during that period, in addition to by the sale of six power plants in July 2014 and lower regulatory capacity revenue in PJM.
Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines.
At the end of Monday’s trade, Shares of Archer-Daniels-Midland Company (NYSE:ADM), gained 0.68% to $51.60.
Archer-Daniels-Midland Company, declared three administration appointments. Gregory Morris has been named senior vice president and president, Global Oilseeds. Vince Macciocchi has been named senior vice president and president, WILD Flavors and Specialty Ingredients. Mark Bemis, senior vice president and president, North America, has been named to the additional role of chief risk officer, and Chris Cuddy, president of ADM’s Corn Processing business unit, has been named a senior vice president of the company. The appointments are effective right away.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals.
Finally, McDonald’s Corp. (NYSE:MCD), ended its last trade with -0.73% loss, and closed at $97.51.
According to MarketWatch, McDonald’s Corp. is moving ahead with plans to simplify its menu and revamp prices as it tries to turn around its struggling U.S. operations.
The company plans to display only the top-selling items from its drive-through business on the outside menu boards as a way to speed up orders, executives told U.S. franchisees during a webcast on Monday, according to people familiar with the matter.
In an effort to appeal to a broader range of customers, executives said, McDonald’s also will beef up mid-priced menu items with products that cost between $1.50 and $3, more than those on the Dollar Menu but less than the more premium-priced products.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages.
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