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Stock Market & Financial Investment News

News Breaks
March 6, 2013
11:28 EDTEXAS, NDAQ, AT, EQR, MTGHigh option volume stocks: NDAQ MTG AT EXAS EQR
News For NDAQ;MTG;AT;EXAS;EQR From The Last 14 Days
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April 24, 2015
10:22 EDTMTGOptions with decreasing implied volatility
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10:00 EDTNDAQOn The Fly: Analyst Downgrade Summary
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06:40 EDTNDAQNASDAQ downgraded to Sector Perform from Outperform at Portales
April 23, 2015
07:06 EDTNDAQNASDAQ raises quarterly dividend to 25c from 15c
NASDAQ declared a regular quarterly dividend of 25c per share on the company's outstanding common stock, an increase of 67% from the prior 15c per share quarterly dividend. The dividend is payable on June 26, to shareowners of record at the close of business on June 12.
07:05 EDTNDAQNASDAQ lowers operating expense guidance to $1.085B-$1.11B
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07:04 EDTNDAQNASDAQ reports Q1 EPS 80c, consensus 78c
Reports Q1 revenue $507M, consensus $516.59M. . On an organic basis, excluding the impact of foreign exchange rates and acquisitions, non-trading segment organic growth was 3%. NASDAQ said a restructuring effort eliminated $17M-$19M in annualized expenses. The company will incur related charges of $63M, of which $31M was realized in Q1. In addition, restructuring charges included a non-cash charge of $119M related to global rebranding initiatives.
April 22, 2015
15:50 EDTNDAQNotable companies reporting before tomorrow's open
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April 21, 2015
09:22 EDTMTGOn The Fly: Pre-market Movers
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07:04 EDTMTGMGIC Investment reports Q1 EPS 32c, consensus 21c
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April 20, 2015
15:37 EDTMTGNotable companies reporting before tomorrow's open
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10:00 EDTMTGOn The Fly: Analyst Upgrade Summary
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06:30 EDTMTGMGIC Investment upgraded to Neutral from Underperform at Credit Suisse
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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.
06:09 EDTNDAQBATS seeks to gain maket share in options trading, ETFs, WSJ reports
BATS Global Markets (BATS) is planning to launch an options market, EDGX Options, in November, which will compete directly with options exchanges run by Nasdaq OMX Group (NDAQ) and International Securities Exchange, The Wall Street Journal reports. In other BATS moves, the stock exchange operator has hired Laura Morrison, a senior NYSE (ICE) officer to run its global exchange-traded funds business. Reference Link
April 13, 2015
08:01 EDTEXASExact Sciences says Cologuard receives coverage by several health plans in Q1
Since the start of 2015, several insurers began covering Cologuard as a noninvasive colon cancer screening test. In addition to several smaller regional providers, insurance plans covering the test now include: Anthem Blue Cross and Blue Shield, a leading national health plan with more than 37 million members across 14 states, Tufts Health Plan, with more than 1 million members across Massachusetts and Rhode Island and ranked the number one health plan for quality in the country for its Commercial plans and its Medicaid plans, CareFirst BlueCross BlueShield PPO, with 2.3 million eligible members across Maryland, District of Columbia and Northern Virginia, Excellus BCBS WNY, with more than 1.4 million members across Western New York and Dean Health Plan, insuring more than 272,037 members across Central Wisconsin.

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