On Thursday, Voya Financial Inc (NYSE:VOYA)’s shares declined -2.49% to $43.54.
Voya Financial, Inc. (VOYA), declared the following financial results for the second quarter of 2015:
- After-tax operating earnings1,2of $179 million, or $0.78 per diluted share, contrast with $213 million, or $0.83 per diluted share in the second quarter of 20143. The following items primarily accounted for this change:
- $8 million, after-tax, of lower adjusted operating earnings from the Ongoing Business
- $11 million, after-tax, higher operating loss in the Corporate segment
- $5 million, after-tax, of negative DAC/VOBA and other intangibles unlocking contrast with $7 million, after-tax, of positive DAC/VOBA and other intangibles unlocking in the second quarter of 2014
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and government markets; and rollover individual retirement accounts and other retail financial products, in addition to financial advisory services to individual customers.
Manitowoc Company Inc (NYSE:MTW)’s shares dropped -1.80% to $16.94.
Alamo Group Inc.’s Board of Directors declared the appointment of two new independent directors to its Board, Eric Etchart and Bob Bauer. Concurrent with these appointments Alamo Group has expanded its Board from seven to nine members. These additions are being made in response to the anticipated retirement of two existing directors, Jim Skaggs and Jerry Goldress, both of whom have expressed their interest in retiring preceding to the end of the year.
Mr. Etchart, 59, was President and General Manager of the Manitowoc Crane Group until January 2015 at which time he joined the corporate group as Senior Vice President of business development of the Manitowoc Company, Inc. (MTW). He has been with Manitowoc since 2001 when it attained the Potain Group whom he had served with since 1995. Mr. Etchart has over 30 years’ experience with global manufacturing companies. In addition he serves as an independent director of Graco Inc.
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, counting energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction.
At the end of Thursday’s trade, General Mills, Inc. (NYSE:GIS)‘s shares dipped -1.23% to $57.82.
General Mills unveiled its line-up of new products set to debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, counting new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products comprise ready-to-eat cereals; convenient meals, counting meal kits, ethnic meals, pizza, soups, side dish mixes, frozen breakfast, and frozen entrees; snacks comprising grain, fruit, and savory snacks, in addition to nutrition bars and frozen hot snacks; refrigerated yogurt products; ice creams; baking mixes and ingredients; refrigerated and frozen dough products; and frozen and shelf-stable vegetable products. In addition, the company’s products comprise organic products, such as meal kits, granola bars, and cereal.
AEGON N.V. (ADR) (NYSE:AEG), ended its Thursday’s trading session with -3.59% loss, and closed at $6.35.
Aegon Reports Enhance in Earnings, Sales and Cash Flows for the Second Quarter of 2015
PLANNED HIGHLIGHTS
- Additional longevity hedging in the Netherlands further reduces exposure
- Sale of Canadian operations accomplished
- Expandedpartnerships with Edward Jones and Merrill Lynch in the US
- Guaranteed drawdown product launched on UK platform
Aegon’s ambition
Aegon’s aim to be a leader in all of its chosen markets is supported by four planned objectives embedded in all Aegon businesses: Optimize portfolio, Deliver operational excellence, Enhance customer loyalty, and Empower employees. These provide the planned framework for the company’s ambition to become the most-recommended life insurance and pension provider by customers and business partners, in addition to the most-preferred employer in the sector.
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