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Wednesday 6 May 2015
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Dipping Stocks News Recap - MGIC Investment, (NYSE:MTG), Assured Guaranty, (NYSE:AGO), PG&E Corporation, (NYSE:PCG), TECO Energy, (NYSE:TE)

On Monday, Shares of MGIC Investment Corp. (NYSE:MTG), dropped -1.67% to $10.60.

MGIC Investment, shareholders have elected the company’s current eleven directors to an additional one-year term.

Other actions taken during the annual meeting comprised of:

  • Approval, on advisory basis, of the company’s executive compensation,
  • Approval of the MGIC Investment Corporation 2015 Omnibus Incentive Plan, and
  • Ratification of the appointment of PricewaterhouseCoopers LLP as MTG’s independent registered public accounting firm for 2015.

MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.

Shares of Assured Guaranty Ltd. (NYSE:AGO), declined -1.66% to $26.71, during its last trading session.

Assured Guaranty, declared that it will issue its financial results press release for the first quarter ended March 31, 2015 after 4:00 p.m. Eastern Time (5:00 p.m. Atlantic Time) on Thursday, May 7, 2015. The Company will host a conference call for investors at 8:00 a.m. Eastern Time (9:00 a.m. Atlantic Time) on Friday, May 8, 2015.

Assured Guaranty Ltd., through its auxiliaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally.

At the end of Monday’s trade, Shares of PG&E Corporation (NYSE:PCG), dwindled -1.65% to $51.87.

PG&E Corporation, placed No. 2 among all utilities and No. 58 overall on the list of 100 Best Corporate Citizens according to Corporate Responsibility (CR) Magazine.

Companies that made the list were evaluated on more than 300 data points across seven categories: environment, climate change, employee relations, governance, philanthropy/community support, human rights and finance. Those selected successfully demonstrated, through publicly accessible data, their robust efforts to drive disclosure, policy and performance in these categories. PG&E ranked among the top 50 companies in environment and climate change; among the top 20 in employee relations; and among the top 10 in philanthropy/community support.

All data was collected and analyzed by IW Financial, a Portland, Maine-based financial analysis firm serving the Environmental, Social, Governance (ESG) investment community. The full list of 100 Best Corporate Citizens is posted on CR Magazine’s website.

PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.

Finally, TECO Energy, Inc. (NYSE:TE), ended its last trade with -1.63% loss, and closed at $19.34.

TECO Energy, declared that on April 17, 2015, it reached a fourth amendment of its agreement with Cambrian Coal Corp., a member of the Booth Energy group, to modify the terms of the Securities Purchase Agreement (SPA) dated as of Oct. 17, 2014, related to the sale of TECO Coal. This fourth amendment extends the closing date to June 5, 2015. The total sales price remains $140 million counting future contingent consideration of $60 million if certain coal benchmark prices reach certain levels over the next five years. The $80 million cash base purchase price is subject to post-closing adjustments.

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. It generates, purchases, transmits, distributes, and sells electric energy to retail customers, in addition to to utilities and other resellers of electricity in West Central Florida; and has electric generating plants with a winter peak generating capacity of 4,668 megawatts.

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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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