On Thursday, First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares inclined 0.44% to $9.04.
First Niagara Financial Group Inc. (FNFG) support of programs in community development, in addition to youth and education, comprised of 26,000 employee volunteer hours and more than $10 million in charitable giving last year.
The company recently released its 2014 community report, highlighting some of the more than 1,250 non-profit partners, programs and people that First Niagara worked with to enhance communities across New York State, Pennsylvania, Connecticut and Massachusetts.
In addition to First Niagara’s corporate and foundation grants totaling more than $10 million in 2014, the company’s employees donated nearly $450,000 to the United Way’s annual campaign, while local Employee Volunteer Councils held more than 250 events raising more than $110,000 for not-for-profit organizations and causes. The company also accomplished more than $155 million in community development loans to assist spark economic development activities and job creation across its four-state footprint.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company’s deposit products comprise savings and money market, and certificate of deposit accounts, in addition to municipal deposits. Its loan portfolio comprise commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and other consumer loans, such as personal secured and unsecured loans, and overdraft lines of credit.
PHH Corporation (NYSE:PHH)’s shares dropped -4.65% to $26.48.
PHH Corporation (PHH) issued the following statement in response to the decision issued by the Director of the Consumer Financial Protection Bureau (CFPB) related to the Company`s former mortgage reinsurance activities in which the CFPB Director ordered the Company to disgorge $109 million in reinsurance premiums it received on or after July 21, 2008, because he believes PHH violated certain provisions of the Real Estate Settlement Procedures Act (RESPA):
They strongly disagree with the decision of the Director. They believe this decision is incompriseent with the facts and is not in accord with well-settled legal principles and interpretations. They continue to believe they complied with RESPA and other laws applicable to our mortgage reinsurance activities.
PHH Corporation, through its auxiliaries, provides outsourced mortgage banking services to financial institutions and real estate brokers in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing. The Mortgage Production segment provides private-label mortgage services to financial institutions and real estate brokers; and originates and sells mortgage loans.
At the end of Thursday’s trade, Linn Energy LLC (NASDAQ:LINE)‘s shares dipped -0.57% to $10.50.
Linn Energy LLC (LINE) and LinnCo, LLC (LNCO) declared recently monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable June 17, 2015, to unitholders of record as of the close of business on June 11, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable June 18, 2015, to shareholders of record as of the close of business on June 11, 2015.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells.
Pandora Media Inc (NYSE:P), ended its Thursday’s trading session with -2.69% loss, and closed at $18.08.
Pandora Media Inc (P) makes payments to play songs on its service to agencies such as the American Society of Composers, Authors and Publishers, or ASCAP, and Broadcast Music Inc., which represent rights holders such as songwriters and composers.
Pandora, based in Oakland, California, rose as much as 2.8 percent after the FCC’s decision was revealed, and closed up 1.3 percent to $18.58 in New York trading.
ASCAP asked the FCC to block Pandora’s purchase, in part because it would result in lower licensing payments. The FCC in its June 2 letter said it doesn’t examine business motivations for buying stations and presumes an applicant will serve its local community.
The acquisition would qualify Pandora for the same license terms as competitors, said Dave Grimaldi, a Pandora director.
Pandora has 42,000 users in Rapid City and it will apply its “insights about listening habits to music programming that will reflect local listeners’ evolving tastes,” Grimaldi said.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
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