On Tuesday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.36% to $16.43.
Bank of America Merrill Lynch 401(k) wellness scorecard reveals automation, mobility and advice enhances employees’ participation in Workplace Benefit Plans.
In 2014, 78 percent of active 401(k) participants who made a change to their plan made a positive one, by either starting or increasing their contributions. Contrast to 2013, the number of participants who contributed to their 401(k) account raised by 18 percent, according to the latest Bank of America Merrill Lynch 401(k) Wellness Scorecard.1 This growth can be attributed in part to millennials’ increasing focus on savings, as 64 percent more employees in this generation started contributing to a 401(k) account in 2014 contrast to 2013.
The report also found health savings accounts (HSA) are experiencing tremendous growth, with a 36.7 percent enhance in new accounts from 2013 to 2014, as more plan sponsors offering high-deductible health plans also offer HSAs and employees start to better understand the tax-advantaged vehicle as a way to save for qualified medical expenses now and in the future.
Bank of America Corporation, through its auxiliaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.
Shares of MannKind Corp. (NASDAQ:MNKD), inclined 0.55% to $3.65, during its last trading session, hitting its lowest level.
MannKind Corporation, declared that it will present at the Bank of America Merrill Lynch 2015 Healthcare Conference on Wednesday, May 13, 2015 at 12:00 pm Pacific Time at the Encore at the Wynn Hotel in Las Vegas, Nevada.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes. MannKind Corporation was founded in 1991 and is headquartered in Valencia, California.
At the end of Tuesday’s trade, Shares of The AES Corporation (NYSE:AES), gained 0.22% to $13.71.
The AES Corporation, declared the launch of a registered secondary public offering of about 60 million shares of AES common stock (the “Offering”), all of which will be offered by Terrific Investment Corporation (the “Selling Stockholder”), a partner controlled by China Investment Corporation (“CIC”). AES will not receive any of the proceeds from the Offering.
Morgan Stanley is acting as the underwriter for the offering. As part of the Offering, at the Selling Stockholder’s instruction, the underwriter has reserved 20 million shares to be sold to AES at a price per share equal to the price paid by the underwriter to the Selling Stockholder in the Offering. AES will use cash on hand, and may supplement with borrowings under its revolving credit facility, to fund the purchase. AES anticipates to repay any revolver borrowings upon receipt of dividends from certain of its auxiliaries predictable by fiscal year end. The number of shares of common stock accessible for sale to the general public will be reduced by such reserved shares. AES has $381 million accessible for common stock repurchases under the Company’s current authorization.
Following completion of the Offering, it is predictable that the Selling Stockholder will have fully sold its stake in AES common stock.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
Finally, QUALCOMM Incorporated (NASDAQ:QCOM), ended its last trade with -0.38% loss, and closed at $68.79.
On April 28, Qualcomm Technologies Inc., a partner of QUALCOMM Incorporated declared due to the increasing popularity of LTE-Advanced Carrier Aggregation among mobile operators in China, that there are 40 designs in the pipeline for premium tier and high-volume mobile devices in China. Qualcomm Technologies continues to extend its technology leadership position in connected mobile user experiences with integrated X10, X8 and X5 LTE modems featuring support for LTE-A Carrier Aggregation across all tiers of Qualcomm® Snapdragon™ processors. LTE-A Carrier Aggregation provides the latest advancements in connectivity, such as fast download speeds, swift connected application response, reliable connections and exceptional battery life. With LTE-A Carrier Aggregation, devices can connect to advanced LTE networks with up to triple the wireless bandwidth, allowing users to load rich web pages, take part in video conferencing, and back up photos and videos, in addition to access files, in the cloud without unnecessary delay.
Additionally, LTE-A Carrier Aggregation support allows operators to maximize accessible spectrum and offer improved user experiences to consumers. Mobile users in China can look forward to new devices featuring support for LTE-A Carrier Aggregation in the coming months from companies such as Xiaomi, Motorola, ZTE, OPPO, Tianyu, LeTV, Vivo, Nubia, Smartisan Technology, Coolpad and Hisense.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
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