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Monday 28 September 2015
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Notable Active Movers: Frontier Communications Corp (NASDAQ:FTR), Comcast Corporation (NASDAQ:CMCSA), American International Group Inc (NYSE:AIG), Bank of New York Mellon Corp (NYSE:BK)

On Tuesday, Frontier Communications Corp (NASDAQ:FTR)’s shares declined -2.83% to $4.80.

Frontier Communications Corporation (FTR) declared a new offer that comprises a one-year membership to Amazon Prime when customers order new High-Speed Internet service from Frontier. This offer is also accessible with packages counting TV and other services. The offer delivers a complete communications and entertainment package that customers can access through their laptop, tablet, TV and most smartphones across the company’s 28-state footprint.

Amazon Prime benefits comprise:

  • Unlimited Free Two-Day Shipping on more than 20 million items
  • Prime Free Same-Day delivery in 500 cities and towns – more than one million items are accessible to order by noon and get it by bedtime
  • Unlimited streaming of tens of thousands of movies and TV episodes
  • Access to more than 800,000 books with the Kindle Owners’ Lending Library

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.

Comcast Corporation (NASDAQ:CMCSA)’s shares dropped -0.31% to $57.71.

Comcast Corporation declared a pilot program that will extend Internet Essentials, the nation’s largest and most comprehensive high-speed Internet adoption program for low-income families, to more than 90,000 low-income community college students who are Federal Pell Grant recipients in Illinois.

According to the National Center for Education Statistics, community colleges enroll as many as 40 percent of all college students each year. As low-cost, open-access institutions, community colleges serve a high percentage of non-traditional students, counting those who are low-income, are financially independent, have dependents, are first generation, and are older.

According to research, an associate degree enhances the chance of being employed by 12 to 15 percent for men and 20 percent for women. In addition, according to the Community College Resource Center, an associate degree enhances average earnings contrast to a high school diploma by 13 percent for men and 21 percent for women. In 2012, the American Association of Community Colleges estimated community college graduates added $809 billion in income to the U.S. economy in higher wages, raised productivity, and multiplier effects. Additionally, according to an Illinois Community College Board report, concluding a community college program enhances lifetime earnings by 44%, or over $570,000, contrast to those who do not complete a program.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Netoperates, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services.

At the end of Tuesday’s trade, American International Group Inc (NYSE:AIG)‘s shares dipped -1.29% to $57.28.

AIG Private Client Group, a division of American International Group, Inc. (AIG) that serves high net worth clients, marked the 10-year anniversary of its Wildfire Protection Unit (WPU) with Montecito, CA, officials, providing pro-bono fire protection to key areas in the Montecito Fire Protection District in preparation for the height of wildfire season.

AIG’s WPU, in partnership with Montecito wildfire specialists, spent the day spraying a bio-degradable fire retardant and performing other mitigation actions in the Montecito area using special-purpose built AIG WPU trucks.

The work in Montecito recognizes the vulnerability of California to wildfires. In 2014, 7,865 fires destroyed 555,044 acres and caused millions in property damage statewide, according to the National Interagency Fire Center. And the 2015 wildfire season has been very active.

American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.

Bank of New York Mellon Corp (NYSE:BK), ended its Tuesday’s trading session with -1.47% loss, and closed at $38.85.

Through the generosity of The Eugene F. Fay Trust, BNY Mellon has awarded operating support grants to 10 Boston-area nonprofits, providing them with critical funding for capacity-building activities. The Eugene F. Fay Trust Mini-Grants Program provides organizations with $5,000 grants for technical assistance and non-programmatic support aimed at strengthening the overall organization or a particular program. BNY Mellon is trustee of the Eugene F. Fay Trust and administers the mini-grants program.

The 2015 Eugene F. Fay Trust Mini-Grant awardees are:

  • Asian American Civic Association – To convert and load legacy data into its new database, Efforts to Outcomes, which will allow AACA to better serve additional clients and track individual outcomes.
  • Boston Chinatown Neighborhood Center – To purchase and install a new wireless router and firewall system, which will enhance BCNC’s efficiency, allow staff to spend more time on direct programming and enable BCNC to focus more on serving its clients.
  • Ethos – To develop a three-year planned plan for its Boston Money Administration Program.
  • FamilyAid Boston – To provide professional developmental trainings for newly promoted managers and support for high-performing administration staff in the organization.
  • Horizons for Homeless Children – To enable Family Advocates to take part in developmental trainings to better equip them to assess and coach families and assist them access services on their way to becoming independent.
  • Irish International Immigrant Center – To purchase technology and office furniture items that will streamline its operations and provide a more confidential and accurate process for meeting with and serving clients.

The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.

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