On Friday, ACE Limited (NYSE:ACE)’s shares declined -1.53% to $106.01.
ACE Limited (ACE) declared the launch of a new online tool, ACE EZQuote that allows independent agents and brokers to generate an exact and bindable quote for boats in less than four minutes. Accessible through its ACE Recreational Marine Insurance® business, ACE EZQuote works for almost all types of boats less than 27 feet in length.
Key features of ACE’s new quoting tool for boats less than 27 feet in length comprise:
- Most quotes can be accomplished in less than four minutes.
- The quotes are exact and do not require additional information before binding.
- If necessary, quotes in process can be saved and accomplished at a later time.
- “Smart data fields” appear or disappear to maximize efficiency. For example, fields for Trailer coverage will only appear on the Policy Issuance screen if a Trailer was indicated on the Vessel/Coverage screen.
- Premium for different limits and deductibles can be contrast side by side.
- With just a few additional clicks, a quote letter, binder or application can be emailed to the client.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages. Its Insurance North American Agriculture segment provides comprehensive multiple peril crop insurance and crop-hail insurance; and farm and ranch coverages, in addition to specialty P&C coverages for companies that manufacture, process, and distribute agriculture products.
KLA-Tencor Corp (NASDAQ:KLAC)’s shares dropped -0.37% to $57.99.
KLA-Tencor Corp (KLAC) declared that it will host its annual analyst briefing at SEMICON West at the W Hotel on Tuesday, July 14, 2015, with a live webcast startning at 12:30 p.m. PDT. The agenda comprises:
12:00-12:30 p.m.: Registration
12:30-2:00 p.m.: Presentation with Q&A by President and CEO Rick Wallace and CFO Bren Higgins
KLA-Tencor Corporation designs, manufactures, and markets process control and yield administration solutions worldwide. It provides chip manufacturing products, counting front-end defect inspection, back-end defect inspection, defect review, metrology, and in-situ process monitoring products, in addition to lithography modeling software; wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data administration; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
At the end of Friday’s trade, Spirit Airlines Incorporated (NASDAQ:SAVE)‘s shares dipped -0.14% to $62.33.
Spirit Airlines Incorporated (SAVE) declared that its shareholders have elected Dawn M. Zier as its newest board member, effective June 16, 2015.
Since November 2012, Ms. Zier has served as President and Chief Executive Officer of Nutrisystem Inc., a leading commercial provider of weight loss products and services, and as a member of its board of directors. She has led the turnaround of Nutrisystem by successfully changing the trajectory of the business and delivering customer and shareholder value with seven successive quarters of year-over-year growth. An engineer by education, Ms. Zier has spent most of her career in marketing, keeping her finger on the pulse of global consumers. Before joining Nutrisystem, Ms. Zier spent 20 years at Reader’s Digest Association, a global media and direct marketing company, serving in a range of leadership positions, most recently as president of the company’s international business. Before joining RDA, Ms. Zier held positions at AT&T, Chase Manhattan Bank, and Prodigy Services Corporation. She has an MBA from the MIT Sloan School of Administration in addition to a Master’s of Science degree in Electrical Engineering and Computer Science from MIT. She received her Bachelor’s of Engineering degree in Electrical Engineering and Computer Science from the State University of New York at Stony Brook.
Spirit Airlines, Inc. provides low-fare airline services. As of February 17, 2015, it operated about 325 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Energy Transfer Equity LP (NYSE:ETE), ended its Friday’s trading session with -1.84% loss, and closed at $68.39.
Energy Transfer Equity LP (ETE) declared the pricing of $650 million aggregate principal amount of its 2.500% senior notes due 2018, $350 million aggregate principal amount of its 4.150% senior notes due 2020, $1.0 billion aggregate principal amount of its 4.750% senior notes due 2026 and $1.0 billion aggregate principal amount of its 6.125% senior notes due 2045, at a price to the public of 99.946%, 103.113% (plus accrued interest from April 1, 2015), 99.275% and 99.619%, respectively, of their face value. The senior notes due 2020 are being offered as additional notes under an indenture following which ETP issued $700 million aggregate principal amount of 4.150% senior notes due 2020 on September 19, 2013. These additional senior notes due 2020 and the existing senior notes due 2020 will be treated as a single series of securities under such indenture.
The sale of the senior notes is predictable to settle on June 23, 2015, subject to customary closing conditions. ETP intends to use the net proceeds of about $2.98 billion from this offering to repay borrowings outstanding under ETP’s revolving credit facility, to fund growth capital expenditures and for general partnership purposes.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
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