During Monday’s current trade, The Coca-Cola Company (NYSE:KO)’s shares gained 1.22% to $40.79.
On April 13, at the 7th World Water Forum, Ahmet Bozer, Executive Vice President and President of Coca-Cola International, declared the expansion of The Coca-Cola Africa Foundation’s (TCCAF) Replenish Africa Initiative (RAIN), pledging an additional US$35 million to support Pan-African safe water access and sanitation programs for 4 million more people by 2020. This new funding builds on an original RAIN commitment of US$30 million to bring safe water access to 2 million people across the African continent by the end of 2015 made at the 5th World Water Forum in Istanbul in 2009. This funding will assist to improve the lives of more than a total of 6 million Africans through access to safe water, sanitation and hygiene (WASH) by 2020.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
During an afternoon trade, Applied Materials, Inc. (NASDAQ:AMAT)’s shares inclined 1.68% to $21.85.
Applied Materials, declared the Applied Centura® Tetra(TM) Z Photomask Etch system for etching next-generation optical lithographic photomasks needed by the industry to continue multiple patterning scaling to the 10nm node and beyond. The new tool extends the capabilities of Applied`s industry-leading Tetra platform, delivering angstrom-level photomask accuracy for critical dimension (CD) parameters required to meet stringent patterning specifications for future logic and memory devices.
Applied developed the Tetra Z tool for advanced chrome, MoSi, hard mask and quartz (fused silica) etch applications used to fabricate advanced binary and phase-shift masks (PSMs). Offering continuous technical innovations and unprecedented CD performance, the system extends immersion lithography for quadruple patterning and cutting-edge resolution enhancement techniques. Vital capabilities ensuring pattern transfer fidelity comprise uniform, linear precision etching across all feature sizes and pattern densities with virtually zero defectivity.
Excellent CD performance combined with high etch selectivity enable the use of thinner resist films for achieving smaller photomask CD patterns on critical device layers. Controllable CD bias capability expands the system`s flexibility to meet customer specific requirements. Unique quartz etch depth control ensures precision phase angle and aids integrated circuit scaling by providing customers the capability to use alternating aperture PSMs and chromeless phase lithography. These key advances derive from a variety of system improvements in chamber design, plasma stability, ion and radical control, flow and pressure control, and real-time process monitoring and control.
Applied`s Tetra systems have been selected by a majority of mask makers worldwide to etch high-end photomasks over the past decade.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
Radian Group Inc. (NYSE:RDN), during its Monday’s current trading session gained 5.54%, to $18.10, hitting its highest level today.
Radian Guaranty Inc., the mortgage insurance partner of Radian Group, commented on the final Private Mortgage Insurer Eligibility Requirements (PMIERs) developed by Fannie Mae and Freddie Mac (GSEs) and issued by the Federal Housing Finance Agency (FHFA) earlier recently. The PMIERs provide revised requirements for private mortgage insurers (MIs), counting Radian Guaranty, to remain eligible insurers of loans purchased by the GSEs. The PMIERs effective date for existing approved insurers is December 31, 2015.
As of March 31, 2015, Radian Guaranty would be able to right away comply with the financial requirements of the PMIERs by utilizing about $330 million of existing holding company liquidity. This estimate comprises the net proceeds of $789 million from the recent sale of Radian Asset and assumes that the company
- converts about $130 million of existing liquid assets into PMIERs-compliant Accessible Assets (as defined in the PMIERs) and
- receives full PMIERs benefit of about $145 million for its outstanding quota-share reinsurance arrangements, following any necessary amendments needed to facilitate GSE approval.
Radian Group maintains about $695 million of presently accessible liquidity, with no noteworthy holding company cash needs before June 2017. Based on the company’s projections, the amount of holding company liquidity required to satisfy the PMIERs as of December 31, 2015 is predictable to decrease from the amount estimated as of March 31, 2015.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).
Finally, MGM Resorts International (NYSE:MGM), gained 1.82% Monday.
MGM Resorts International, declared that it has published an investor presentation in connection with its 2015 annual meeting of shareholders, to be held on May 28, 2015. The presentation is accessible on the Company’s website www.mgmresorts.com under the Investors section and is being filed recently with the Securities and Exchange Commission.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations comprise slots, table games, and race and sports book wagering.
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