On Wednesday, Shares of DryShips Inc. (NASDAQ:DRYS), lost -5.17% to $0.570.
DryShips Inc., through its majority owned partner, Ocean Rig UDW Inc., of off-shore contract drilling oil services, declared that further to its previous press release dated March 31, 2015, entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, have exercised their unconditional acceptance to acquire the Company’s six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments.
Shares of Progressive Corp (NYSE:PGR), inclined 2.19% to $28.44, during its last trading session.
The Cleveland Cavaliers’ hard-working guard Matthew Dellavedova—affectionately known as “Delly”—has emerged as a star of the 2015 NBA Finals. His grit and determination on the court has proven that, when you play with heart, people notice. So recently, Progressive Insurance introduced “Delly All Heart Coverage.”
With “Delly All Heart Coverage,” Progressive will make a $1,000 donation to the Boys & Girls Clubs of Cleveland for each free-throw Delly makes.
The donations run through the rest of the 2015 NBA finals, which Delly’s Cavaliers presently lead 2-1 over the Golden State Warriors. The teams meet for Game 4 at Cleveland’s Quicken Loans Arena on Thursday night.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States.
Finally, XL Group plc (NYSE:XL), ended its last trade with 2.04% gain, and closed at $37.96.
XL Group plc, declared the appointment of Brendan Plessis to the newly created role of Head of Emerging Markets. In this new position, Mr. Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore and assess both current and new opportunities for continued growth around the world and expansion into new markets.
Mike McGavick, XL Group CEO commented: “As the global ambitions of our clients expand, so will our efforts to serve them where they operate. In this role, Brendan will assist bring together the various emerging market strategies across XL Catlin, determining the best planned opportunities for the company, and where we can achieve the greatest relevance for our clients. We are confident that with Brendan’s leadership and expertise, he’ll be able to assist drive us towards new opportunities around the world.”
Mr. Plessis will report directly to Greg Hendrick, XL Catlin’s Chief Executive, Reinsurance. Commenting, Mr. Hendrick said: “In order to continue on a path of meaningful growth, we need to have a focused, planned approach into new markets across the organization, and through creating this position, we’re making it a top priority. Brendan has extensive industry experience and valuable knowledge of international markets, and we look forward to having him on the team.”
XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide.
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