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Sunday 30 August 2015
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Notable Movers - Delta Air Lines, Inc. (NYSE:DAL), Allstate Corp (NYSE:ALL), PennyMac Mortgage Investment Trust (NYSE:PMT)

On Wednesday, Shares of Delta Air Lines, Inc. (NYSE:DAL), gained 5.66% to $43.71.

Delta Air Lines, flight attendants will be empowered with an innovative new tool on their handheld phablet devices in an effort to bring a deeper level of personalization and improve the travel experience for the airline’s 170 million global customers.

The Guest Service Tool is the newest enhancement in a long line of technology innovations, providing Delta’s more than 22,000 flight attendants key information so they can better engage with customers while in flight. A video of the Guest Service Tool in action is accessible here.

“Our flight attendants, as with all Delta employees, are committed to making the flying experience better for our customers while endeavoring to bring more humanity to the skies,” said Allison Ausband, Delta’s Senior Vice President of In-Flight Service. “Having technology at their fingertips to identify and greet customers by name, highlight customers’ Medallion status, address disruptions in their travel in real-time in addition to a host of other opportunities means the world’s finest flight attendants can provide an even more exceptional customer experience.”

Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.

Shares of Allstate Corp (NYSE:ALL), inclined 0.72% to $57.40, during its last trading session.

Tom Joyner, host of the nationally syndicated Tom Joyner Morning Show, together with Allstate Insurance Company, is celebrating family, fun, and excitement with the 2015 Allstate Tom Joyner Family Reunion. Labor Day weekend, September 3rd – 7th, families from all over the country will join Joyner and his celebrity friends for a weekend filled with stellar concerts, interaction with celebrities and leaders, enlightening seminars, and endless activities for people of all ages inside the free expo, which is open to the public. Guests can also enjoy passes to theme parks. The family event, held at the Gaylord Palms Resort & Convention Center in Kissimmee, FL, generally attracts more than 20,000.

This year the family event features concerts from Frankie Beverly and Maze, Teddy Riley, Yolanda Adams, Deitrick Haddon, Willie Moore Jr. and Kirk Franklin; plus a huge “fam” fest with the castmembers from Black-ish, Good Times, Living Single, basketball legend Dominique Wilkins, and a special book club hosted by Sybil Wilkes with Taelor and Sydni Scott - the daughters of the late, longtime ESPN anchor Stuart Scott.

“The Allstate Tom Joyner Family Reunion creates an atmosphere of one true family that celebrates people and what we love,” says Tom Joyner, whose radio show airs in markets all over the country.

The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names.

Finally, PennyMac Mortgage Investment Trust (NYSE:PMT), ended its last trade with 1.53% gain, and closed at $15.25.

PennyMac Mortgage Investment Trust declared that its Board of Trustees has authorized a share repurchase program under which the Company may repurchase up to $150 million of its outstanding common shares of beneficial interest.

Share repurchases may be executed through various means, counting, without limitation, open market transactions, block trades, tender offers and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, the Company’s share price, applicable legal requirements and other factors. The share repurchase program does not have an expiration date and the authorization does not obligate the Company to acquire any particular amount of common shares. The share repurchase program may be suspended or suspended at the Company’s discretion without preceding notice.

“PMT’s objective remains to produce superior returns from our mortgage-related strategies counting distressed whole loans, correspondent aggregation, mortgage servicing rights, and excess servicing spread, in addition to newer investments in credit risk transfer and small balance commercial real estate loans,” said Stanford L. Kurland, PMT’s Chairman and Chief Executive Officer. “At the current price of our common shares, we believe that repurchase presents an attractive investment opportunity for PMT and we intend to use this authority maximize shareholder value.”

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company operates through two segments, Correspondent Production and Investment Activities.

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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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