On Friday, Banco Bradesco SA (ADR) (NYSE:BBD)’s shares declined -0.75% to $5.30.
On December 10, Banco Bradesco was down by 5.78% to $5.47 in midday trading on Thursday, as some stocks traded in the U.S. but based in Brazil tumble as the South American country could have its credit rating cut to junk at Moody’s Investor Services.
On Wednesday, Moody’s cut all ratings for Brazil-based state-run energy company Petrobras (PBR, PBR.A) to Ba3 from Ba2.
“These rating actions reflect Petrobras’ elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales,” Moody’s said, according to the Financial Times.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.
Ally Financial Inc (NYSE:ALLY)’s shares dropped -2.29% to $19.23.
Ally Financial is reentering the mortgage business just two years after it stopped making new home loans, according to Bloomberg.
Ally, whose defunct GMAC Mortgage unit was one of the biggest lenders of subprime mortgages in the run-up to the 2008 housing bust, will inch back into direct home loan originations next year, the bank’s Chief Executive Officer Jeffrey Brown said this week at a Goldman Sachs Group Inc. financial conference in New York.
“Don’t think of this as Ally going down the road of the old GMAC,” Brown said, referring to the home lending unit that brought Ally to the brink of collapse.
The bank has no plans to securitize its originations, and it won’t keep any servicing rights or build out a servicing operation, Ally spokeswoman Gina Proia said in an e-mail. The bank will detail new product offerings, including a new credit card, at its investor conference in February. Bloomberg Reports
Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market.
At the end of Friday’s trade, Aramark (NYSE:ARMK)‘s shares dipped -2.98% to $32.54.
The holidays can be chock full of delicious dishes and desserts…and decisions about how to navigate the season’s food frenzy in a healthier way. As part of their Healthy for Life® 20 By 20 initiative, Aramark and the American Heart Association have created a series of smart tips to assist families and friends make healthier food choices.
Aramark (ARMK), a global leader in food, facilities administration and uniforms, and one of the largest employers of registered dietitians in the world, and the American Heart Association, the nation’s largest voluntary organization dedicated to fighting heart disease and stroke, joined forces earlier this year to create Healthy for Life® 20 By 20, a five-year initiative dedicated to empowering Americans to make better food choices every day.
The holidays can be a particularly difficult time for people to maintain healthy habits, but Aramark and AHA’s experts are encouraging families to make a few small changes to make meals festive and nutritious.
Start by making little changes for a big difference
Making a few small changes in the kitchen can assist make dishes more nutritious, but still delicious. To reduce the fat and calories in classic holiday foods:
- Try replacing cream in recipes with regular or low fat milk.
- Use healthy oils, like olive or canola, instead of butter, for sautéing.
- Top roasts with fruit chutneys or glazes.
- Replace traditional potatoes with seasonal turnips or sweet potatoes – they’re easy to bake, boil, steam or mash.
- Use herbs and spices, like rosemary and cloves, to flavor dishes, instead of salt or butter.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company’s managed services comprise dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.