On Tuesday, Radian Group Inc (NYSE:RDN)’s shares inclined 0.86% to $18.76.
Radian Group Inc (RDN) accomplished its formerly declared underwritten public offering of $350 million principal amount of 5.250% Senior Notes due 2020 (the “Notes,” and the offering, the “Offering”). In connection with the Offering, on June 16, 2015, the Company reached an underwriting agreement (the “Underwriting Agreement”) with Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc., as representatives of the several underwriters named on Plan A thereto (the “Underwriters”), regarding the sale by the Company of its Notes. The Underwriting Agreement contains other terms and conditions, counting indemnification rights and obligations of the parties thereto, that are generally customary for transactions of this nature.
The net proceeds from the sale of the Notes, after underwriting discounts and commissions and estimated offering expenses, were about $343,503,000. The Company is using a portion of the net proceeds from the Offering, together with shares of its common stock, to purchase an aggregate of $389 million principal amount of its 3.000% Convertible Senior Notes due 2017 (the “2017 Convertible Notes”) and thereafter, to repurchase some of the common stock the Company will issue in connection with such purchases, and otherwise for general corporate purposes.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES). The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, in addition to facilitates the sale of these mortgage loans in the secondary mortgage market. It offers primary mortgage insurance coverage on residential first-liens.
Netflix, Inc. (NASDAQ:NFLX)’s shares gained 1.75% to $656.94.
There’s a powerful connection that comes from bonding with your kids over the stories you loved growing up. According to new research* from Netflix, 85% of dads around the world have already or plan to introduce their kids to the cartoons they grew up watching. Not only does it let them feel like a kid again (75%) and assist them teach life lessons (76%), but dads take seriously the role of keeping alive the pop culture references from their childhood. And two-thirds of them (66%) are turning to internet TV services like Netflix for this new family tradition.
The survey asked dads what shows they’re most looking forward to passing down. Superheroes ranked high around the world with shows like Spider-man, Teenage Mutant Ninja Turtles and Marvel’s Avengers. The survey also revealed a few key cultural differences between countries:
- Dads in the U.S. ‘Go, Go Gadget Go’ for Inspector Gadget
- Tom and Jerry earned the top spot among dads in Brazil
- British dads are loyal to Danger Mouse
- Canadians find the Smurfs…well, Smurfy
- Asterix is king with French dads
- Dads in Germany have a soft spot for Pippi Longstocking
- Mexican dads favor the Pink Panther
Families can find these and other shows on Netflix at netflix.com/heirloom.
And while this rite of passage creates inside jokes and even a secret code between families, the time spent watching together is also one of the reasons 90% of dads love watching with their children. But not all dads are created equal…or so they say about themselves:
- Dads in the U.S. are most likely to let the kids stay up late
- Brazilian dads take pride in making the best snacks
- British dads let the fun of watching together extend even after the show is over
- Canadian dads give themselves the most credit for liking the same shows as their kids
- French dads think they choose the coolest shows
- German dads rank themselves among the top snugglers and silliest viewing partners
- Mexican dads say they let their kids be king of the remote
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. It also provides DVDs-by-mail membership services.
At the end of Tuesday’s trade, Tyco International PLC (NYSE:TYC)‘s shares surged 0.42% to $38.48.
Tyco International plc (TYC) will issue a press release reporting its results for the third fiscal quarter of 2015 before trading starts on Friday, July 31, 2015. A conference call for investors will start at 8:00 a.m., Eastern time (ET), and can be accessed in the following ways:
- Live via webcast – through the Investor Relations section of Tyco’s website at http://investors.tyco.com,
- Live via telephone (for “listen-only” participants and those who would like to ask a question) – by dialing 800-857-9797 (in the United States) or 517-308-9029 (outside the United States), passcode “Tyco”,
- Replay via telephone – by dialing 866-353-3070 (in the United States) or 203-369-0090 (outside the United States), passcode 4999, from 10:00 a.m. (ET) on July 31, 2015, until 11:59 p.m. (ET) on August 7, 2015, and
- Replay via webcast – through the “Presentations & Webcasts” link on the Investor Relations section of Tyco’s website: http://investors.tyco.com.
Tyco International Ltd. designs, sells, installs, and services security, fire detection, suppression, and life safety products worldwide. It operates in three segments: North America Installation & Services, Rest of World Installation & Services, and Global Products. Its electronic security systems comprise detection devices; asset protection and security administration systems; anti-theft systems; access control solutions, such as integrated security administration systems, access control solutions applications, alarm administration panels, door controllers, readers, keypads, and cards; video system solutions, such as digital video administration systems, matrix switchers and controllers, digital multiplexers, programmable cameras, monitors, and liquid crystal interactive displays; and burglar alarms and interactive security systems, such as alarm control panels, keypads, sensors, and central station receiving equipment for homes and businesses.
Energy Transfer Partners LP (NYSE:ETP), ended its Tuesday’s trading session with 0.35% gain, and closed at $52.15.
Energy Transfer Partners, L.P. (ETP) offered further details on its formerly declared Revolution Project that will significantly enhance its operations in the growing Marcellus and Upper Devonian production areas of Western Pennsylvania. ETP has reached long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased about twenty miles of high pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionators and additional gas gathering pipelines.
ETP plans to construct about 100 miles of high pressure 24- and 30-inch rich gas pipeline providing a total gathering system capacity in excess of 440 million cubic feet per day. The Revolution Pipeline originates in Butler County, Pennsylvania and will extend to ETP’s Revolution Plant, a new cryogenic gas processing plant to be constructed in Western Pennsylvania. The Revolution Plant is predictable to be in-service by the second quarter of 2017 and will allow for future processing growth for additional third party gas.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system. This segment owns and operates about 7,700 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas. Its Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates about 12,800 miles of interstate natural gas pipeline; and has interests various natural gas pipelines.
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