On Tuesday, Shares of Citigroup Inc (NYSE:C), gained 0.07% to $58.48.
Investor demand for Depositary Receipts (DRs) remained strong during the first half of 2015, according to the findings of Citi’s Depositary Receipt Services 2015 Midyear Report. Citi’s World ex-U.S. Liquid DR Index, which offers insight into international investor sentiment toward non-U.S. markets, rose 4% in the first six months of 2015. Additionally, DR trading volumes raised 3% in the first half of 2015 to 81.3 billion shares, up from 78.7 billion shares during the same period last year.
Non-U.S. companies raised $4.6 billion in DR form during the first half of 2015, according to Citi’s report. Initial public offerings in DR form represented $1.6 billion – or 36% – of the total, driven by emerging growth companies accessing the U.S. capital markets as a result of the JOBS Act. Follow-on offerings in DR form represented about $3 billion – or 64% – of the total.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide.
Shares of Office Depot Inc (NASDAQ:ODP), declined -1.46% to $7.78, during its last trading session.
Office Depot, declared results for the second quarter ended June 27, 2015.
“In the second quarter we significantly improved operating income as compared to last year, primarily due to continued excellent execution on our merger integration, synergies and efficiencies, and positive same-store sales growth,” said Roland Smith, chairman and chief executive officer for Office Depot. “While total company sales declined contrast to preceding year, driven primarily by planned store closures and foreign currency translation, continued success in the consolidation of our U.S. retail store portfolio and raised operational effectiveness drove positive quarterly same-store sales growth for the first time in many years. We are especially happy with our performance in light of the inherent disruption associated with the pending acquisition by Staples. We continue to focus on executing our Critical Precedingities and remain on track with the Office Depot/OfficeMax merger integration and our European restructuring.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
Finally, Newpark Resources Inc (NYSE:NR), ended its last trade with 0.14% gain, and closed at $7.08.
Newpark Resources, declared results for its second quarter ended June 30, 2015. Total revenues for the second quarter of 2015 were $163.6 million contrast to $208.5 million in the first quarter and $272.5 million in the second quarter of 2014. Net loss for the second quarter of 2015 was $4.3 million, or $0.05 per share, contrast to net income of $1.0 million, or $0.01 per diluted share, in the first quarter, and $20.3 million, or $0.21 per diluted share, in the second quarter of 2014.
Second quarter 2015 results comprised of a $1.7 million ($0.02 per share) charge to provision for income taxes to impair formerly-recorded deferred tax assets in Australia.
Newpark Resources, Inc. provides various products and services primarily to the oil and gas exploration industry. The company operates in two segments, Fluids Systems, and Mats and Integrated Services.
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