In other markets, U.S. oil prices dropped down sharply. Light, sweet crude for April delivery, the front-month contract, dipped $1.15, or 2.3%, at $49.61 a barrel on the New York Mercantile Exchange.
Gold prices dropped down, with the front-month contract, for March delivery, dipping $31.80, or 2.7%, to close at $1,164.10 a troy ounce on the Comex division of Nymex.
Insights about U.S. Stocks that landed in the Active-Zone during Friday’s trade, are depicted underneath:
U.S. Bancorp (NYSE:USB)’s shares picked up 0.20%, and traded at $44.67. The Stock is active as 7.19M shares changed hands versus its average volume of 6.14M shares.
U.S. Bancorp (USB), revealed a summary of its Dodd-Frank Act Stress Test (“DFAST”) results. The disclosure comprises U.S. Bancorp’s projected stressed minimum and end-of-period capital ratios for the period from the fourth quarter of 2014 through the fourth quarter of 2016. The projections assume annual ordinary stock dividends equal to the quarterly average dollar amount of ordinary stock dividends that the corporation paid in the previous year and no redemption or repurchase of any capital instrument, in addition to estimates of losses, proceeds, net revenue before taxes and loan losses by type of loan over the same time period. The projections were made under the Supervisory Severely Adverse Scenario defined by the Federal Reserve. This hypothetical stressed economic scenario is designed to assess the overall strength and resilience of the banking industry and does not necessarily represent future economic conditions predictable by the Corporation.
Minneapolis-based U.S. Bancorp (USB), with $403 billion in assets as of Dec. 31, 2014, is the parent corporation of U.S. Bank National Association, the fifth largest commercial bank in the United States. The corporation operates 3,176 banking offices in 25 states and 5,022 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
Kroger Co (NYSE:KR), raised 0.05%, and traded at $74.35. The Stock is active as 7.16M shares changed hands versus its average volume of 4.59M shares.
Formerly on February 27, The Kroger Co. (KR), declared its succession plan for senior vice president of human resources. Kathleen Barclay, 59, Kroger’s senior vice president of human resources, will retire in the fall of 2015.
Timothy Massa, 48, Kroger’s group vice president of human resources and labor relations, will succeed Ms. Barclay in leading these functions, effective upon her retirement.
Katy Barclay to Retire as Senior Vice President, Human Resources:
Ms. Barclay joined Kroger in 2010 in her current position. During her time at Kroger, she has strengthened the HR function to more strongly support and connect the corporation’s family of associates with Kroger’s growing and changing business.
Before joining Kroger in 2010, Katy served as the vice president of global human resources for the General Motors Corp. During her time with GM, she led the automaker’s global human resources organization with a strong focus on building the corporation’s planned HR capability worldwide while focusing on building a strong footprint in emerging and growth markets.
Ms. Barclay is a member of board of directors of American Family Insurance. She serves as chair of the National Academy of Human Resources, and a board member of the Human Resource Policy Association.
Kroger, one of the world’s largest retailers, employs more than 375,000 associates who serve customers in 2,631 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names counting Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s.
Abbott Laboratories (NYSE:ABT), declined -1.98%, and traded at $46.50. The Stock is active as 7.26M shares changed hands versus its average volume of 6.16M shares.
Formerly on February 27, Mylan N.V. and Mylan Inc. (MYL) declared the successful completion of the attainment of Abbott Laboratories (ABT), non-U.S. developed markets specialty and branded generics business.
Executive Chairman Robert J. Coury commented, “Recently marks the startning of the next exciting chapter of growth for Mylan. With the completion of this transaction, we will benefit from significantly improved financial flexibility, an optimized global tax structure and greater balance sheet capacity, all of which position us exceptionally well for future opportunities.”
Under the formerly declared terms of the transaction contract, Abbott received 110 million shares of Mylan N.V., resulting in former Mylan Inc. shareholders now owning about 78% of Mylan N.V. and Abbott now owning about 22% of Mylan N.V. Mylan Inc. and Abbott’s non-U.S. developed markets specialty and branded generics business have been reorganized under Mylan N.V., a new public corporation organized in the Netherlands. Mylan N.V. will be led by the former Mylan Inc. executive team. The corporation will trade on NASDAQ under the ticker symbol MYL.
Abbott Laboratories manufactures and sells health care products worldwide. Its Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome.
PPL Corporation (NYSE:PPL), dipped -3.93%, and traded at $31.74. The Stock is active as 7.07M shares changed hands versus its average volume of 4.70M shares.
PPL Corporation (PPL), declared a quarterly ordinary stock dividend on Friday (2/27) of $0.3725 per share, payable April 1, 2015, to shareowners of record as of March 10, 2015.
PPL Corporation, with 2014 proceeds of $11.5 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and United Kingdom. In June 2014, PPL declared a contract to combine its competitive generation business with the competitive generation business of Riverstone Holdings LLC to form Talen Energy Corporation, an independent power producer.
