On Monday, Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), lost -1.15% to $8.63.
BBVA Compass, in a nod to the increasing use of prepaid debit cards across all ages and income levels, is debuting its ClearSpend card with a mobile budgeting app to give users better control of their financial lives.
The app for the BBVA Compass ClearSpend prepaid Visa debit card assists customers track and manage everyday spending. The card, a replacement of the bank’s SafeSpend card, is the latest product to embody the bank’s new “banking on a brighter future” brand platform, which conveys its desire to put consumers in better control of their finances through trusted advice and personalized, fast and convenient services.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
Shares of Iridium Communications Inc (NASDAQ:IRDM), declined -1.46% to $6.76, during its last trading session.
MiX Telematics, declared its global partnership with Iridium Communications Inc. (IRDM), a market leader in mobile satellite communications, and provider of the world’s farthest reaching network comprised of 66 low-earth satellites, at BAUMA CONEXPO, an exhibition being held this September 15-18, in Johannesburg, South Africa. The relationship extends MiX Telematics’ mobility offering to comprise a reliable, cost-effective and complimentary global satellite communication alternative, to terrestrial solutions.
While mobile coverage across the globe is growing strongly, it is still largely immature in many rural/under-developed areas. And given that road transport is still a prominent - if not leading - mode of goods transportation, the need for full visibility of vehicle fleets at all times is higher than ever. Thus, a network that covers the entire earth’s surface, such as Iridium, is needed.
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide.
At the end of Monday’s trade, Shares of Time Warner Cable Inc (NYSE:TWC), gained 0.81% to $191.04.
Time Warner Cable, declared that its stockholders have overwhelmingly approved its merger with Charter Communications, with more than 99 percent of votes cast in favor of the deal.
Charter declared earlier that its stockholders also approved the transaction.
TWC and Charter reached a contract on May 23, 2015, providing for TWC to merge with Charter. The closing of the transaction is subject to regulatory review and other customary conditions.
Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.
Finally, H & R Block Inc (NYSE:HRB), ended its last trade with 0.79% gain, and closed at $35.78.
H&R Block, declared that its wholly owned partner, Block Financial LLC, reached a new five-year, $2.0 billion Credit and Guarantee Agreement.
The execution of this Agreement satisfies a condition of the company’s formerly declared tender offer to purchase up to $1.5 billion of its common stock. The tender offer, however, remains subject to the other conditions described in the Offer to Purchase, dated September 2, 2015. The tender offer will expire at 5:00 P.M., New York City time, on Friday, October 2, 2015, unless the company extends the tender offer.
The Agreement matures on September 21, 2020, unless extended following the terms of the Agreement, and contains customary representations, warranties, covenants, and events of default. The Agreement also contains financial covenants comprising of: (1) a covenant requiring the company to maintain a debt-to-EBITDA ratio calculated on a merged basis of no greater than 3.5 to 1.0 as of the last day of each fiscal quarter ending on April 30, July 31 and October 31 of each year and 4.5 to 1.0 as of the last day of the fiscal quarter ending on January 31 of each year; and (2) a covenant requiring the company to maintain an interest coverage (EBITDA-to-interest expense) ratio calculated on a merged basis of not less than 2.5 to 1.0 as of the last day of any fiscal quarter. The company intends to borrow amounts under the new credit facility from time to time in the future, rather than issuing commercial paper, to support the company’s working capital needs or for other general corporate purposes.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com.
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