On Thursday, JPMorgan Chase & Co. (NYSE:JPM)’s shares declined -0.66% to $60.24.
Chase recently declared that the Chase Lounge at the Epcot International Food & Wine Festival will return for the fourth year with exciting new features. The festival, running from September 25 through November 16, 2015, will welcome celebrity chefs, debut new marketplaces and tastes from around the world and celebrate guests’ favorite dining traditions. As the sponsor of the festival, Chase aims to create a unique experience for all its credit and debit cardmembers to enjoy.
The Chase Lounge, which is open exclusively to Chase debit and credit cardmembers,1 is an inviting place to relax, refresh, and be entertained. It is located on the third floor of the American Adventure Pavilion within World Showcase at Epcot and is open daily during the Festival from 11 a.m. to park close. The Lounge features complimentary amenities, counting non-alcoholic refreshments and a charging station. Enhancements to the Lounge this year comprise a dedicated Festival Information desk, social media photo booth, and a station where guests can email recipes from the festival. In addition, periodically throughout the festival, the lounge will host animation sketch classes and caricature artists.
“Cardmembers have told us that the Chase Lounge is a welcome retreat on their journey through the Epcot International Food & Wine Festival,” said B.J. Mahoney, general manager, Chase Card Services. “In celebration of the 20th celebration of the festival, we are delighted to bring these new experiences to the lounge to add to their enjoyment.”
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset administration. JPMorgan Chase’s activities are organized into four business segments.
Transocean LTD (NYSE:RIG)’s shares dropped -4.76% to $13.01, after the company was mentioned during the investigation of Petrobras, the Brazilian state-owned oil company allegedly involved in a corporate corruption scandal, Bloomberg reports.
Eduardo Musa, a former Petrobras executive, said he was offered payments in exchange for a rig-operation contract allegedly from Transocean.
“Transocean has a long-standing commitment to and upholds the highest standards for corporate ethics and compliance,” Transocean told Bloomberg. “Our employees — and everyone conducting business on our behalf — are required to adhere to our high standards for integrity, honesty, financial discipline and legal and regulatory compliance.”
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services.
At the end of Thursday’s trade, Hudson City Bancorp, Inc. (NASDAQ:HCBK)‘s shares surged 3.83% to $9.63.
Federal officials reached a settlement with Hudson City Bancorp Inc. over allegations that the Paramus, N.J., lender intentionally withheld mortgages from minorities, signaling renewed interest in an area that drew focus decades ago, according to WSJ.
The Justice Department said Thursday there could be more cases to come against banks over a practice known as “redlining,” which was barred after an outcry in the 1960s and ‘70s that banks were discriminating against minorities.
If the settlement is approved by the U.S. District Court in New Jersey, Hudson City will pay nearly $33 million, counting about $27 million for loan subsidy and outreach programs to minorities and a $5.5 million penalty. WSJ Reports
Hudson City Bancorp, Inc. serves as the holding company of its partner, Hudson City Savings Bank (the Bank). The Bank is a federal stock savings bank. The Company is a community and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans.
Seadrill Ltd (NYSE:SDRL), ended its Thursday’s trading session with -1.55% loss, and closed at $6.22.
Seadrill has received a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the company, Analyst Ratings Network.com reports. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.29.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, in addition to benign and harsh environments.
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