On Thursday, Shares of Wells Fargo & Company (NYSE:WFC), gained 0.67% to $58.17, hitting its highest level.
Wells Fargo & Company, Commercial Banking’s National Food and Agribusiness has expanded its Philadelphia-based team to better serve the Northeast – the nation’s fifth-largest agriculture production market. The bank has tapped company veteran Michael Shea as a new relationship manager to serve growers, processors, and distributors in 12 states from Maryland to Maine.
Strong growth in the poultry sector is among the leading factors in Wells Fargo’s decision to expand its National Food and Agribusiness Division in the Northeast, according to James Trankle, region head for Northeast U.S. and Eastern Canada Food and Agribusiness. Pennsylvania poultry companies have benefitted from higher demand for all-natural and organic poultry. Meanwhile, Pennsylvania egg producers have benefited by taking up the slack from lower production in the Midwest, hard-hit by avian flu.
“We’re working hard to better serve our customers throughout the Northeast, New England, and beyond,” said Trankle. “With Michael Shea in their corner, our customers can reinvest in new product development, additional capacity, and acquisitions.”
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of SLM Corporation (NASDAQ:SLM), inclined 2.36% to $9.97, during its last trading session.
SLM Corporation, declared its rates for both 12- and 36-month certificates of deposit now rank No. 1 nationally for 5-star-rated banks on Bankrate.com. Sallie Mae Bank recently raised both its 12-month certificate of deposit rate to 1.25 percent annual percentage yield (APY) with an interest rate of 1.24 percent, and its 36-month certificate deposit rate to 1.60 percent APY with an interest rate of 1.59 percent.
The Sallie Mae Bank 12-month certificate of deposit and 36-month certificate of deposit carry no fees and no maximum balance. The accounts require a minimum deposit of $2,500. Sallie Mae Bank also offers a high-yield savings account, a competitively priced 60-month certificate of deposit at 2.10 percent APY and a money market deposit account with an interest rate at least nine times the Bankrate.com national average rate as of July 2, 2015.
Sallie Mae Bank, member FDIC, is a partner of SLM Corporation, commonly known as Sallie Mae.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States.
Finally, Groupon, Inc. (NASDAQ:GRPN), ended its last trade with 3.40% gain, and closed at $5.17.
Blue Calypso, Inc. (BCYP) (OTCQB:BCYPD), developer of patented mobile consumer shopping engagement solutions for retailers and product manufacturers, declared a favorable set of Claim Construction or “Markman” rulings from the United States District Court for the Eastern District of Texas in its ongoing patent infringement case against Groupon (GRPN), Foursquare, Yelp (YELP) and IZEA.
On July 14, 2015, the Court entered its Memorandum Opinion and Order regarding claim construction. In that Order, the Court analyzed eleven (11) claim terms. The Court agreed with Blue Calypso’s proffered construction as to seven (7) terms, chose its own construction as to three (3) terms and agreed with Defendants’ proffered construction as to only one (1) term. The Court also expressly rejected Defendants’ argument that the term “testimonial tag” was indefinite.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
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