On Tuesday, Prudential Financial Inc (NYSE:PRU)’s shares inclined 0.57% to $91.50.
Prudential Fixed Income declared that Paul Appleby, managing director and co-head of Prudential Fixed Income’s Global Leveraged Finance team, plans to retire in January 2016, concluding what will be a more than 26-year career with Prudential. Prudential Fixed Income, among the world’s largest fixed income managers, is the primary fixed income business of Prudential Financial, Inc. (PRU).
Robert Cignarella, managing director and co-head of Global Leveraged Finance will become the sole head of the team upon Appleby’s retirement. Cignarella joined Prudential Fixed Income as co-head in January 2014. Formerly, he served as a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Administration, and held positions as a high yield portfolio manager and high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products.
Allstate Corp (NYSE:ALL)’s shares gained 0.12% to $66.36.
The Allstate Corporation (ALL) will conduct a conference call and webcast at 9 a.m. Eastern Time (ET) on Tuesday, August 4 to talk about second quarter 2015 earnings. The company will issue a news release announcing quarterly results at or after 4:05 p.m. ET on Monday, August 3.
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. It also provides specialty auto products, counting motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products comprising renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; roadside assistance products; and commercial products for small business owners, in addition to insurance agency services. In addition, this segment sells retirement and investment products, counting mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance products. Further, it sells its products through contact centers and Internet.
At the end of Tuesday’s trade, Hercules Offshore, Inc. (NASDAQ:HERO)‘s shares dipped -0.78% to $0.268.
Hercules Offshore, Inc. (HERO) said Saudi Aramco – the state-owned national oil company of Saudi Arabia – has withdrawn its formerly issued notice of termination for Hercules 261, one of the three jackup rigs working in the Persian Gulf.
Moreover, all terms and conditions of the contract will remain effective for the remaining tenure of the five-year period that runs through Nov 2019.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments.
American Capital Ltd. (NASDAQ:ACAS), ended its Tuesday’s trading session with 0.43% gain, and closed at $14.07.
American Capital Ltd. (ACAS) declared that it acted as sole lender and second lien agent on a $51 million second lien financing to support the acquisition of Compusearch Software Systems, Inc. (“Compusearch”) by ABRY Partners. Compusearch is the leading provider of acquisition and program administration software to federal agencies, Department of Defense program offices and government contractors.
Headquartered in Dulles, VA, Compusearch provides software and services that advance commerce and partnership among government agencies and contractors. Compusearch’s PRISM™ software is fully compliant with Federal Acquisition Regulations and is the contract writing system for defense, intelligence and civilian agencies. PRISM™ automates requisition and solicitation generation, competitive bid evaluation, award generation, contract administration, administration reporting, and contract closeout and archiving, and also significantly speeds up compliance with the complex bidding rules for federal contracts. Compusearch’s software solutions also comprise TopVue™ for program execution and deliverable support and SpectrumCLM™ for Government Contractor’s Contract Lifecycle Administration (CLM) processes.
American Capital, Ltd. is a private equity and venture capital firm specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments.
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