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Wednesday 17 June 2015
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Pre-Market News Buzz on: Barrick Gold Corporation, (NYSE:ABX), UnitedHealth Group Incorporated, (NYSE:UNH), Fifth Third Bancorp, (NASDAQ:FITB)

On Tuesday, Shares of Barrick Gold Corporation (NYSE:ABX), lost -2.53% to $11.18, as Gold slipped on Tuesday as the dollar firmed as the U.S. Federal Reserve policy meeting got underway, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets.

Spot gold fell 0.4 percent to $1,181.45 an ounce by 2:59 p.m. EDT (1959 GMT), while U.S. gold futures for August delivery settled down $4.90 an ounce at $1,180.90.

“Gold is weaker because people are still thinking that the U.S. economy is recovering,” Citi strategist David Wilson said.

Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.

Shares of UnitedHealth Group Incorporated (NYSE:UNH), inclined 2.16% to $121.55, during its last trading session.

Rhode Island Family Shelter received a $20,000 grant from UnitedHealthcare that will focus on providing shelter, education and resources to underprivileged families and children in the community. The grant will also assist expand and support shelter programs needed for local residents to avoid becoming homeless again.

According to the Rhode Island Coalition for the Homeless, in 2013 there were 4,447 homeless people in Rhode Island, counting 631 families, 1,117 children and 264 veterans. The Rhode Island Family Shelter houses about 300 people per year, more than half of them children.

“We appreciate this donation from UnitedHealthcare that will assist support housing and shelter services for local residents throughout Rhode Island, ensuring high-quality services,” said Patti Macreading, executive director of the Rhode Island Family Shelter. “Additionally, this grant will enable us to continue to expand and support educational services and programs needed for less fortunate families to get back on their feet in the community.”

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.

Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with 0.40% gain, and closed at $21.23.

Fifth Third Bancorp, declared cash dividends on its common shares, Series H preferred shares, and Series I preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) recently declared a cash dividend on its common shares of $0.13 for the second quarter of 2015. The dividend is payable on July 21, 2015 to shareholders of record as of June 30, 2015.

Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to about $25.50 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on June 30, 2015 to shareholders of record as of June 26, 2015.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash administration, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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