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Stock Market & Financial Investment News

News Breaks
March 7, 2013
11:32 EDTNQ, MTG, SANM, ASTX, CIENHigh option volume stocks: NQ ASTX MTG CIEN SANM
News For NQ;ASTX;MTG;CIEN;SANM 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 15, 2015
07:46 EDTCIENEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 14, 2015
11:55 EDTCIENCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:01 EDTSANMOn The Fly: Analyst Downgrade Summary
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08:17 EDTSANMSanmina downgraded at Longbow
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08:01 EDTSANMSanmina downgraded to Neutral from Buy at Longbow
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April 9, 2015
09:58 EDTCIENCiena management to meet with UBS
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April 8, 2015
11:17 EDTNQNQ Mobile jumps 7.5% to $4.00
07:25 EDTCIENCiena management to meet with UBS
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April 7, 2015
06:31 EDTSANMCiti sees currency driving guidance cuts in technology supply chain
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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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