On Monday, General Dynamics Corporation (NYSE:GD)’s shares declined -0.87% to $140.65.
General Dynamics Corporation (GD) was awarded a contract to continue assisting the Centers for Medicare & Medicaid Services (CMS) Retiree Drug Subsidy (RDS) program. The indefinite delivery, indefinite quantity contract has a value of about $43.5 million, with a one-year base period and four option years.
The RDS program runs a website that serves as a comprehensive resource center for organizations participating in the program and encourages employers and unions to continue providing high-quality prescription drug coverage to their retirees. General Dynamics will deliver infrastructure, software and development, technical support, operations administration, education and training, payment and appeals processing, and compliance oversight for the RDS program’s public website and a secure website for plan sponsors.
General Dynamics Corporation operates as aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, manufactures, and outfits business-jet aircrafts; provides aircraft services, such as maintenance, repair work, fixed-based operations, and aircraft administration services; and performs aircraft completions for aircraft.
Boardwalk Pipeline Partners, LP (NYSE:BWP)’s shares gained 0.15% to $13.37.
Alerian declared that following the close of business on Friday, September 18, Boardwalk Pipeline Partners LP (BWP), Columbia Pipeline Partners LP (CPPL), and Vanguard Natural Resources LLC (VNR) will be added to the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (CME:AMZE).
Boardwalk Pipeline Partners provides transportation, storage, gathering and processing of natural gas and liquids. Columbia Pipeline Partners owns, operates, and develops natural gas pipelines, storage, and related midstream assets. Vanguard Natural Resources focuses on the acquisition, production, and development of oil and natural gas properties.
Hi-Crush Partners LP (HCLP), Linn Energy LLC (LINE), and Memorial Production Partners LP (MEMP) will be removed from the two indices following the close of business on September 18.
Boardwalk Pipeline Partners, LP, through its auxiliaries, provides transportation, storage, gathering, and processing services for natural gas and natural gas liquids (NGLs). The company operates interstate natural gas and NGLs pipeline systems, counting integrated storage facilities.
At the end of Monday’s trade, Capstead Mortgage Corporation (NYSE:CMO)‘s shares dipped -0.53% to $10.24.
Capstead Mortgage Corporation (NYSE: CMO) declared financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Generated earnings of $24.9 million or $0.22 per diluted common share.
- Paid common dividend of $0.31 per common share.
- Book value reduced 1.4%, or $0.17 to $12.30 per common share.
- Financing spreads on residential mortgage investments reduced 27 basis points to 0.84%.
- Mortgage prepayments raised to an annualized constant prepayment rate, or CPR, of 21.98% from 16.66% CPR stated for the first quarter of 2015.
- Agency-guaranteed ARM portfolio and leverage ended the quarter at $14.16 billion and 8.76 times long-term investment capital, respectively.
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities comprising of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises or by an agency of the federal government.
Thomson Reuters Corp (NYSE:TRI), ended its Monday’s trading session with -0.15% loss, and closed at $39.82.
Thomson Reuters declared the release of a special report, Estate Planning Portability is a Game-Change for Married Couples, to guide estate planners on the application of the portability provision, which allows a surviving spouse to inherit the deceased spouse`s residual gift and estate tax applicable exclusion amount.
Portability offers a noteworthy change in estate planning for married couples and may be one of planners` most effective tools for small and medium-sized estates. Congress introduced this taxpayer-friendly provision to simplify estate planning, and the recently released final regulations clarify the portability election rules. However, while this opportunity is incredibly useful, it is not automatic.
Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. The company sells electronic content and services to professionals primarily on a subscription basis. It operates through four segments: Financial & Risk, Legal, Tax & Accounting, and Intellectual Property & Science. The Financial & Risk segment offers news, and information and analytics, in addition to enables transactions and brings together communities that allow trading, investing, financial, and corporate professionals to connect.
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