On Friday, Shares of Citigroup Inc. (NYSE:C), lost -1.95% to $58.70.
Citi declared the launch of Citi Mobile Challenge in Asia Pacific, part of Citi’s drive to foster digital and mobile innovation in banking.
Citi Mobile Challenge is a next-generation accelerator that combines a virtual hackathon with an incubator, a worldwide network of FinTech experts and Citi’s unparalleled global sponsors and clients to discover solutions across more than 100 markets. Developers from Asia Pacific and around the world are invited to build innovative solutions that are capable of running on Citi’s digital platform globally.
Registration for the Challenge will start on August 19, and selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney.
“From credit cards to ATMs, Citi has a history of embracing new technologies to transform how it serves clients. In Asia, recent examples of Citi’s legacy of innovation comprise the launch of Citi Smart Banking and the Citibank Express – new innovations that have since been rolled out globally. Asia is home to a fast growing FinTech community, and this initiative will assist accelerate and uncover new and exciting opportunities for Citi to develop transformational approaches to banking,” said Francisco Aristeguieta, Citi’s Asia Pacific CEO.
“Through Citi’s Digital Acceleration program we have been unleashing the power of the tech community, developing new solutions and challenging ourselves on how we reimagine banking,” said Heather Cox, Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking at Citi. “Citi Mobile Challenge has assisted us connect with top developers across the world, and we are excited to bring this opportunity to Asia Pacific.”
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 CSX Corp. (NYSE:CSX), declined -0.13% to $30.81, during its last trading session.
Applications are now being accepted for the 2015 Grant Program for Transporting Healthy Food, presented in partnership by CSX and The Conservation Fund.
According to the United States Department of Agriculture more than 23 million Americans have limited or no access to fresh and healthy food. Many producers and retailers lack the resources and equipment needed to sustain food quality and safety as they sell, store, package and distribute fresh produce and other food to the surrounding communities they serve.
Now in its second year, the Grant Program for Transporting Healthy Food is designed to support and strengthen local transportation and distribution infrastructure for healthy food to communities in need. The program enhances delivery capabilities of producers and distributors and improves the availability of healthy food for nearby consumers. In 2014, the recipient organizations used the grants to purchase refrigeration and delivery trucks, acquire portable food chests and expand local food supply and capacity to provide nearly 118 million pounds of nutritious food to about six million people annually.
In 2015, grants ranging from $2,500 to $10,000 will be made accessible to charitable entities that distribute fresh produce and perishable food in 22 states where CSX operates—Alabama, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
Finally, Extended Stay America, Inc. (NYSE:STAY), ended its last trade with -2.56% loss, and closed at $17.91.
The Boards of Directors of Extended Stay America, Inc. and its paired-share REIT, Extended Stay America declared that they have designated Gerardo (Gerry) Lopez to serve as the next President and Chief Executive Officer of both companies, effective August 24, 2015. Concurrently with the appointment of Mr. Lopez, the Company’s current President and CEO, Jim Donald, will transition to the role of Senior Advisor through December 31, 2015.
Mr. Lopez, 56, has deep public-company experience across diverse consumer-focused industries and most recently has been the President and Chief Executive Officer of AMC Entertainment Holdings, Inc. since 2009. At AMC, Mr. Lopez transformed the world’s second largest movie exhibitor, returned the company to the public market through its initial public offering in December 2013 and delivered exceptional returns to shareholders since the IPO. Preceding to joining AMC, Mr. Lopez served in a variety of senior and executive roles at Starbucks Corporation (SBUX), Handleman Company, and PepsiCo Inc. (PEP). Mr. Lopez serves on the board of directors of Brinker International (EAT).
Extended Stay America, Inc. develops, owns, and operates hotels in the United States and Canada. As of December 31, 2014, the company had 682 hotels with about 76,000 rooms comprising of 632 hotels with about 69,600 rooms under the Extended Stay America brand; 3 hotels with 500 rooms under the Extended Stay Canada brand; and 47 hotels with about 5,900 rooms under the Crossland Economy Studios brand.
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