On Wednesday, Medivation Inc (NASDAQ:MDVN)’s shares declined -8.39% to $95.74.
Medivation, Inc. ( MDVN) declared that it will host a live teleconference with administration to talk about second quarter 2015 financial results and provide a general business update on August 6, 2015 at 4:30 p.m. Eastern Time. A press release for the second quarter of 2015 will be released after markets close on August 6, 2015.
Medivation, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies to treat serious diseases in the United States. It offers XTANDI for the treatment of post-chemotherapy metastatic castration-resistant prostate cancer (mCRPC) patients.
General Dynamics Corporation (NYSE:GD)’s shares gained 3.93% to $149.96.
General Dynamics Corporation (GD) was awarded a contract to continue assisting the Centers for Medicare & Medicaid Services (CMS) Retiree Drug Subsidy (RDS) program. The indefinite delivery, indefinite quantity contract has a value of about $43.5 million, with a one-year base period and four option years.
The RDS program runs a website that serves as a comprehensive resource center for organizations participating in the program and encourages employers and unions to continue providing high-quality prescription drug coverage to their retirees. General Dynamics will deliver infrastructure, software and development, technical support, operations administration, education and training, payment and appeals processing, and compliance oversight for the RDS program’s public website and a secure website for plan sponsors.
General Dynamics Corporation operates as aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, manufactures, and outfits business-jet aircrafts; provides aircraft services, such as maintenance, repair work, fixed-based operations, and aircraft administration services; and performs aircraft completions for aircraft.
At the end of Wednesday’s trade, MBIA Inc. (NYSE:MBI)‘s shares surged 2.26% to $6.33.
National Public Finance Guarantee Corporation (National), an indirect partner of MBIA Inc. (MBI), declared that Standard & Poor’s Ratings Services (S&P) has affirmed its AA- financial strength rating of National with a Stable Outlook. In its June 29 report affirming National’s rating, which is accessible on National’s website, S&P recognized National’s extremely strong capital adequacy position, strong liquidity and operating performance and prospective strong competitive position within the financial guarantee industry. In addition, S&P noted that there would be no change in National’s capital adequacy score if there were a default by multiple Puerto Rico issuers over a one, two or three year time period, without accounting for any other factors, reflecting the substantial capital accessible at National in excess of S&P’s triple-A capital level, which the company estimates to be almost $1 billion as of year-end 2014.
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments. It issues financial guarantees for municipal bonds, counting tax-exempt and taxable indebtedness, in addition to utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities.
Hartford Financial Services Group Inc (NYSE:HIG), ended its Wednesday’s trading session with 1.77% gain, and closed at $47.68.
Most midsize businesses have business continuity plans but few have tested them, according to The Hartford’s survey of midsize business owners and C-level executives. This shortcoming presents potential risk for businesses, which may be unable to meet client needs due to an interruption in their operation or lose revenue due to a supplier issue.
While the majority of midsize businesses (59 percent) surveyed had a formal, documented continuity plan, one-third (33 percent) had an informal, verbal plan, and 8 percent stated having no plan at all. Just 19 percent of businesses had tested their plan.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The company’s Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverage’s, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverage’s. Its Personal Lines segment provides standard automobile, homeowners, and personal umbrella coverage’s to individuals .
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