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Wednesday 26 August 2015
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Latest Update

Current Trade News Alert on: Hindustan Construction Company Ltd(NSE:HCC), Nuance Communications (NASDAQ:NUAN), DryShips (NASDAQ:DRYS), Domtar Corp (NYSE:UFS)

During Monday’s Current trade, Shares of Hindustan Construction Company Ltd (NSE:HCC), lost -14.18% to $17.55.

HCC Insurance Holdings, Inc. (HCC) declared its 78th successive quarterly cash dividend.

HCC’s Board of Directors has declared a regular cash dividend of $0.295 per share on the Company’s shares of $1.00 par value common stock. The dividend is payable to stockholders of record on October 1, 2015 and will be paid on or about October 15, 2015.

HCC Insurance Holdings, Inc. underwrites non-correlated specialty insurance products worldwide. The company operates in five segments: U.S. Property & Casualty, Professional Liability, Accident & Health, U.S. Surety & Credit, and International. The U.S. Property & Casualty segment provides aviation, primary and excess casualty, small account errors and omissions (E&O) liability, employment practices liability (EPLI), disability, contingency, public risk, technical and construction property, title and mortgage reinsurance, residual value, and brown water marine products in the United States. The Professional Liability segment offers directors’ and officers’ (D&O) liability, large account E&O liability, fiduciary liability, fidelity and bankers’ blanket bonds, EPLI, transactional insurance, and cyber liability in the United States and internationally. The Accident & Health segment provides medical stop-loss, and short-term domestic and international medical coverages in the United States.

Shares of Nuance Communications Inc. (NASDAQ:NUAN), declined -5.09% to $16.23, during its current trading session.

Nuance Communications, Inc. (NUAN) declared that the Australian Taxation Office (ATO) has accomplished its two-phased deployment of Nuance’s voice biometrics solutions in its call center in an effort to build stronger customer relationships with taxpayers and enhance authentication by replacing intrusive security questioning. With the introduction of its voice biometrics systems, ATO becomes the first organization in Australia to deploy voice biometrics in this manner.

The ATO receives about nine million calls per year from the community, with around 75 percent of these calls requiring an ATO agent to verify the caller’s identity. In addition, the ATO anticipates to receive more than half (4.3) million of these calls within its three-month peak tax period between July and October 2015. Preceding to voice biometrics, when a customer called to conduct a transaction with the ATO, the authentication process involved several steps, putting pressure not only on customers to provide personal details or have the correct documentation in front of them, but also on the ATO’s call center agents, who collectively spent about 75,000 hours each year just trying to verify customers over the phone.

Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.

DryShips Inc. (NASDAQ:DRYS), during its Monday’s current trading session decreased -4.59% to $0.335.

DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its associate, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, recently declared its unaudited financial and operating results for the second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights

  • For the second quarter of 2015, the Company stated a net loss of $1.44 billion, or $2.17 basic and diluted loss per share.

    Comprised of in the second quarter 2015 results are:

    • A one-time non-cash loss of $1.35 billion, or $2.03 per share, as a result of the deconsolidation of Ocean Rig.
    • Impairment charge on one drybulk vessel, of $83.9 million, or $0.13 per share.

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. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services.

Finally, Domtar Corp (USA) (NYSE:UFS), decreased -4.15%, to $37.16.

Domtar Corporation’s (UFS) (UFS) short documentary, A Portrait on Paper, earned three Telly Awards. The 36th annual Telly Awards honor the finest film and video productions, attracting more than 12,000 entries from five continents. Domtar’s inspirational short video received a Silver Award for Best Corporate Image; a Bronze Award for Best Creative Director; and a Bronze Award for Best Editing.

Domtar’s short documentary, A Portrait on Paper, highlights the life of a 20-year employee from the company’s Marlboro Mill in Bennettsville, South Carolina. Part of Domtar’s Paper Made Here program, this film demonstrates how North American paper companies, like Domtar, positively impact the lives of North American workers, their families, and their local communities.

Domtar Corporation designs, manufactures, markets, and distributes communications papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company provides business papers, including copy and electronic imaging papers that are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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