On Tuesday, Shares of Ford Motor Co. (NYSE:F), lost -1.93% to $14.70.
All-new Ford F-650/F-750 medium-duty trucks roll off the line recently for the first time in the United States. Production of the trucks at Ohio Assembly Plant, formerly built in Mexico, assists secure more than 1,000 hourly UAW jobs and a $168 million plant investment in the United States.
2016 F-650/F-750 trucks, the toughest, smartest, best-value medium-duty trucks ever, anchor Ford’s commercial vehicle lineup – America’s best-selling commercial trucks for 30 straight years. Ford is the only truck manufacturer that provides vocational customers an unmatched one-stop shop to meet their needs – from the Class 1 Transit Connect cargo van to the Class 7 F-750 tractor rig.
Offered in Regular Cab, SuperCab and Crew Cab body styles and in straight-frame, dock-height and an all-new dedicated tractor model for heavy towing applications, the 2016 F-650/F-750 line features a bold new look inside and out.
Ford is the only medium-duty truck manufacturer that designs and builds its own diesel engine and transmission combination – ensuring the powertrain will work seamlessly with all chassis components and vehicle calibrations.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
Shares of American International Group, Inc. (NYSE:AIG), declined -1.06% to $63.31, during its last trading session.
American International Group declared that its mortgage insurance business United Guaranty Corporation (UGC) obtained $298.9 million of indemnity reinsurance from Bellemeade Re Ltd., a Bermuda-domiciled special purpose insurer, for a portfolio of mortgage insurance (MI) policies issued from 2009 through the first quarter of 2013.
Bellemeade Re is funding its reinsurance obligations through the issuance to investors of three classes of 10 year notes. This insurance-linked securities (ILS) transaction closed July 29, 2015 and provides UGC with fully collateralized coverage from Bellemeade Re for potential losses on its MI portfolio.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, Medtronic plc (NYSE:MDT), ended its last trade with -0.30% loss, and closed at $77.39.
Medtronic declared the launch of its Entrust(TM) delivery system in the United States. The new Entrust delivery system enables physicians to place Medtronic`s EverFlex(TM) self-expanding peripheral stent, while maintaining a low profile and providing the ease of a one-handed device.
The Entrust delivery system deploys the EverFlex stent to re-open narrowed (stenotic) regions of the superficial femoral and proximal popliteal arteries that supply blood to the legs. Narrowing of these arteries is associated with a condition known as peripheral arterial disease (PAD), where plaque builds along lining of the arteries, blocking blood flow to the legs.
Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, and peripheral vascular intervention products.
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