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Friday 10 July 2015
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Pre-Market News Analysis on: Voya Financial (NYSE:VOYA), Teekay Tankers (NYSE:TNK), ARRIS Group, (NASDAQ:ARRS), Legg Mason (NYSE:LM)

On Monday, Voya Financial Inc (NYSE:VOYA)’s shares declined -0.64% to $46.69.

Voya Financial, Inc. (VOYA), declared that it will host an audio webcast of its second quarter 2015 earnings conference call on Wednesday, August 5, 2015 from 10 a.m. to 11 a.m. (ET). The webcast will follow the issuance of the company’s second quarter 2015 earnings press release prior to the market open.

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. This segment sells its products to small companies, corporations, and government entities directly, in addition to through third-party administrators, wirehouse associated brokers, registered investment advisors, independent sales agents, and consulting firms.

Teekay Tankers Ltd. (NYSE:TNK)’s shares dropped -3.35% to $6.94.

Teekay Tankers Ltd. (TNK) declared that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended June 30, 2015. The cash dividend is payable on July 31, 2015 to all shareholders of record as at July 17, 2015.

Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.

At the end of Monday’s trade, ARRIS Group, Inc. (NASDAQ:ARRS)‘s shares dipped -0.81% to $30.56.

ARRIS Group, Inc. (ARRS) in a groundbreaking FCC proposal that launched a new standard for TV and paved the way for recently TV experiences.

ARRIS (ARRS) is celebrating this milestone at its office in San Diego, California—where the members of the design team pioneered the original system for digital TV. The esteemed members in attendance will comprise Dr. Jerry Heller, Dr. Woo Paik, Dr. Paul Moroney, Bob Rast, and Marc Tayer.

The San Diego team projected the first all-digital TV system to the FCC’s Advisory Committee on Advanced Television Service. This invention led to modern advances in TV—starting with digital satellite service in 1994, digital cable in 1996, and terrestrial over-the-air digital broadcasts, and ongoing with recently mobile and streaming Internet TV, DVR, 4K, and multiscreen experiences. Along the way, ARRIS has continued this pioneering legacy with innovations that have brought the future of TV to millions of consumers around the world.

ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, counting set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.

Legg Mason Inc (NYSE:LM), ended its Monday’s trading session with -1.04% loss, and closed at $50.33.

Legg Mason Inc (LM) stated preliminary assets under administration of $706.8 billion as of May 31, 2015. This month’s AUM comprised of preliminary long-term inflows of $1.7 billion, driven by fixed income inflows of $1.6 billion and equity inflows of $0.1 billion. Liquidity inflows were $1.0 billion. May flows comprised of the formerly revealed $1.0 billion equity funding. This month’s AUM comprised of $2.8 billion in negative foreign exchange impact.

Legg Mason is a global asset administration firm with $707 billion in assets under administration as of May 31, 2015. The Company provides active asset administration in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (LM).

Legg Mason, Inc. is a publicly owned asset administration holding company. The firm provides investment administration and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned auxiliaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.

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