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Stock Market & Financial Investment News

News Breaks
March 4, 2013
10:55 EDTWSM, MTG, TRP, NS, BPIHigh option volume stocks: BPI NS WSM TRP MTG
News For BPI;NS;WSM;TRP;MTG From The Last 14 Days
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April 17, 2015
17:08 EDTMTGMGIC Investment expects MGIC to be in compliance with PMIERs
We expect that Mortgage Guaranty Insurance Company, which is the principal subsidiary of MGIC Investment Corporation, will be in compliance with the PMIERs, including their revised financial requirements, when they become effective. We estimate that as of March 31, MGIC's Available Assets are approximately $5.12B and its Minimum Required Assets are approximately $5.35B, resulting in a shortfall of approximately $230M. Our shortfall estimates are based on our interpretation of the PMIERS and assume that the risk in force and assets of MGIC's MIC subsidiary will be repatriated to MGIC. Our shortfall estimates do not include any benefits from MGIC's existing reinsurance transaction or the anticipated restructure of the existing reinsurance transaction, capital contributions from MTG to MGIC, or the transfer of other assets from regulated insurance affiliates of MGIC that subject to regulatory approval could increase the Available Assets of MGIC. As we have previously disclosed, we would not have received full credit under the PMIERs for our existing reinsurance transaction. Therefore, we have reached agreement to restructure that transaction in a way that we believe will result in MGIC receiving the maximum benefit under the PMIERs. The effectiveness of this restructured transaction will be subject to approval by the Wisconsin Office of the Commissioner of Insurance and the GSEs. In addition, in April, we received regulatory approval to transfer $45M of assets from regulated insurance affiliates of MGIC that will increase the Available Assets of MGIC. Furthermore, we believe a portion of MTG's $491M of cash and investments at December 31, 2014, may be available for future contribution to MGIC.
April 16, 2015
09:16 EDTTRPTransCanada says NEB recommends approval for North Montney mainline project
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April 14, 2015
16:09 EDTTRPMagellan Midstream, TransCanada to pursue Houston pipeline connection
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08:31 EDTTRPErickson wins Mexico pipeline construction contract
Erickson Incorporated (EAC) has contracted with Group Desarrollo Infaestructura, SA de CV who is contracted with Transcanada Corporation’s (TRP) Mexican Subsidiary, Transportadora de Gas del Noreste for a new rural infrastructure pipeline project that will bring clean-burning natural gas to businesses and citizens in Mexico. The agreement will guarantee the use of an S-64 E Aircrane to assist in the external load transport of more than 1,000 natural gas pipeline segments that will complete the 329 mile long Topolobampo Project. This project is a first for Erickson within the construction services market in Mexico. The terrain surrounding the project is rugged and mountainous with minimal ground access. The work will be completed early in Q2.
April 13, 2015
06:22 EDTWSMGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 10, 2015
18:37 EDTNSNuStar Energy, PMI announce expansion of existing naphtha agreement
NuStar Energy L.P., and PMI, an affiliate of Petróleos Mexicanos, announced that the companies have expanded operations in which NuStar transports and stores naphtha, a gasoline blending component, for PMI. Under the terms of the 10-year agreement, which extends a previous 10-year agreement between the two companies that went into effect in 2005, naphtha produced at Pemex’s Reynosa-Burgos Complex in northern Mexico is transported via the NuStar Burgos-Valley pipeline system to NuStar’s terminal in Edinburg, Texas. From Edinburg, the naphtha is delivered into Transmontaigne’s terminal in Brownsville, Texas. NuStar invested in the construction of a new 50,000-barrel naphtha storage tank at the Edinburg Terminal to augment the project’s original 80,000-barrel storage capacity, to accommodate the additional grades and volumes of naphtha. The services under this revised agreement, which also includes a slight increase in throughput commitment from PMI, commenced on April 1. The agreement and related capital investment provides a more efficient, safe and economical method of delivery as it replaces truck deliveries that were moving the naphtha from Mexico to Brownsville.
April 6, 2015
10:09 EDTMTGHigh option volume stocks
High option volume stocks: DBA DLPH OUTR PNK TROW SLCA MTB EMR MTG IVZ

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