On Friday, Ford Motor Company (NYSE:F)’s shares declined -0.18% to $13.70.
The Board of Directors of Ford Motor Company (NYSE:F) approved a three-year extension of Ford’s current tax benefit preservation plan, which is designed to preserve Ford’s substantial tax assets. The current plan, originally adopted in September 2009 and amended in September 2012, was planned to expire on September 30, 2015. The extension approved by the Board of Directors extends the final expiration date of the plan to September 30, 2018.
The purpose of the plan is to protect shareholder value by safeguarding noteworthy tax assets. It is similar to tax benefit preservation plans adopted by many other public companies with noteworthy tax attributes.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names. This sector markets and sells its products through distributors and dealers, in addition to through dealerships to fleet customers, counting commercial fleet customers, daily rental car companies, and governments.
Rite Aid Corporation (NYSE:RAD)’s shares gained 1.29% to $8.61.
Rite Aid Corporation (RAD) said recently that it will release financial results for its Fiscal 2016 Second Quarter, which ended Aug. 29, 2015, on Thursday, Sept. 17, 2015. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid’s administration team. The call will be broadcast via the Internet and can be accessed through the websites www.riteaid.com and www.StreetEvents.com.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
At the end of Friday’s trade, Citigroup Inc (NYSE:C)‘s shares surged 0.06% to $51.10.
John Gerspach, Chief Financial Officer of Citigroup, will present at the Barclays Global Financial Services Conference on Wednesday, September 16, 2015. The presentation is predictable to start at about 7:30 AM (Eastern). A live webcast and presentation materials will be accessible at www.citigroup.com/citi/investor. A replay and transcript of the webcast will be accessible shortly after the event.
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). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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