National Bank of Greece (ADR)(NYSE:NBG) announces that it has launched an offer to purchase for cash up to 22,500,000 of the outstanding 25,000,000 American Depositary Shares (ADS CUSIP 633643507) (each, an “ADS” and collectively, the “ADSs”), each representing one of its Non-Cumulative Preference Shares, Series A, nominal value €0.30 per share (the “Preference Shares”), upon the terms and subject to the conditions set forth in the Offer to Purchase dated May 31, 2013 (the “Offer to Purchase”) and the accompanying Letter of Transmittal (the “Letter of Transmittal”), which, as each may be amended and supplemented from time to time, constitute the offer (the “Offer”). National Bank of Greece (ADR) (NYSE:NBG) net profit margin is 11.10% and weekly performance is 11.18%. On last trading day company shares ended up $3.58. Analysts mean target price for the company is $4.65. National Bank of Greece (ADR) (NYSE:NBG) distance from 50-day simple moving average (SMA50) is -17.14%.
Barclays PLC (ADR) (NYSE:BCS) the UK’s second-biggest bank by assets, will start eliminating 100 jobs across its Asia-Pacific investment-banking and markets businesses this week, Bloomberg reported, citing a person with knowledge of the matter. Barclays PLC (ADR) (NYSE:BCS) shares fell -0.18% in last trading session and ended the day on $16.49. BCS gross Margin is – and its return on assets is 0.10%.Barclays PLC (ADR) (NYSE:BCS) quarterly performance is -0.72%.
Late last month Linn Energy (NASDAQ:LINE) announced it would swap 25,000 acres of its horizontal drilling position in the Permian Basin in exchange for 500,000 gas-producing acres in the Hugoton Basin in Kansas. Linn, following its acquisition of Berry Petroleum, inherited a good bit of Permian acreage well-suited for horizontal drilling. Linn Energy LLC (NASDAQ:LINE) shares moved up 0.52% in last trading session and was closed at $29.20, while trading in range of $28.88 – $29.23. Linn Energy LLC (NASDAQ:LINE) year to date (YTD) performance is -1.35%.
3M Co (NYSE:MMM) Electronics Materials Solutions Division announced the launch of its new 3M™ LED Chip Packaging Substrate that provides a cost-effective alternative to ceramic substrates. The new substrate, constructed of copper and polyimide, is able to meet the electrical and thermal performance required of high-power LED chips at a competitive price compared to high performance ceramic substrates. 3M Co (NYSE:MMM) ended the last trading day at $142.32. Company weekly volatility is calculated as 0.66% and price to cash ratio as 33.09.3M Co (NYSE:MMM) showed a positive weekly performance of 0.84%.
Dieter Zetsche, the CEO of Daimler AG (USA) (OTCMKTS:DDAIF) is optimistic that the company’s Smart subsidiary will post a profit for the first time ever thanks to the upcoming ForFour city car. On last trading day company shares ended up $94.44.
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