On Monday, Shares of Ford Motor Co. (NYSE:F), gained 0.13% to $15.13.
Ford Motor Company celebrated its commitment to southeast Michigan with the Ford Fireworks in Detroit on Monday, June 22, counting a special salute to the nation’s military with a flyover by World War II-era airplanes.
Ford was title sponsor of the Ford Fireworks in Detroit through a multiyear partnership with The Parade Company. Featuring more than 10,000 pyrotechnic effects visible for miles along the Detroit River, the fireworks event, now in its 57th year, started at 10:06 p.m.
As part of the celebration, Ford Motor Company Fund, the company’s philanthropic arm, collaborated with Yankee Air Museum in Belleville, Mich., to host Focus on Freedom. This special event honored 250 current and former members of the military and their families with a reception at the Detroit/Wayne Port Authority building, and an up-close view of the fireworks.
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.
Shares of MetLife, Inc. (NYSE:MET), inclined 1.97% to $57.34, during its last trading session.
On Monday, MetLife, officially celebrated the grand opening of its Global Technology campus in the Research Triangle area of North Carolina. The new 26.5 acre campus represents a major investment in digital initiatives that will assist MetLife transform customer experiences around the world.
In March 2013, MetLife declared plans to create more than 2,600 jobs and invest $125.5 million in North Carolina by the end of 2015 between the new campus in Cary and its U.S. Retail headquarters in Charlotte. Recently, MetLife Chairman, President and Chief Executive Officer Steve Kandarian said the company has met its jobs and investment commitment to the state six months ahead of plan.
“Our hiring has moved faster than we predictable because of the rich talent pool and business friendly environment we have found in North Carolina,” Kandarian said. “We are more convinced than ever that we made the right decision in choosing Cary and Charlotte as hubs for our global technology and operations organization and U.S. retail business. We look forward to strengthening our ties to these communities and to the state as a whole in the years to come.”
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, U.S. Bancorp (NYSE:USB), ended its last trade with 0.76% gain, and closed at $44.98, as financial stocks posted strong gains Monday with the NYSE Financial Sector Index climbing nearly 1.2% and the S&P Financial 100 Index adding almost 0.8%.
On June 17, The U.S. Department of the Treasury awarded U.S. Bank’s community development entity, USBCDE LLC, the authority to raise $55 million in financing for low-income communities.
The award is part of a $3.5 billion New Markets Tax Credit (NMTC) allocation authority package declared this week by the Treasury’s Community Development Financial Institutions Fund. USBCDE is one of only 76 community development entities among 263 applicants that received allocation authority.
CDEs use allocation authority to attract private sector investments in disadvantaged communities that lack access to the long-term investment needed to support and grow businesses and create jobs. The program is an efficient and effective mechanism for infusing up-front capital in areas that need it most.
In addition to being an efficient tool for driving capital to underserved markets, the program also spurs economic development. Since its inception, the NMTC program has created or retained nearly 600,000 jobs and supported the construction of more than 160 million square feet of manufacturing, office and retail space in low-income communities across the country.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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