On Friday, Allstate Corp (NYSE:ALL)’s shares declined -0.85% to $66.48.
Allstate Corp (ALL)’s Ride for Hire endorsement, qualifying Transportation Network Company drivers can be better protected during the time they are logged into the TNC app looking for a new fare and they can benefit from lower coverage deductibles when they are on the road with TNC passengers. Allstate plans to offer coverage as an optional endorsement in four states by the end of this year.
The Allstate Ride for Hire endorsement benefits customers who use their personal vehicles to drive for qualifying TNCs. Allstate anticipates that, on average, an Allstate customer will pay roughly $15-$20 each year for the added protection.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its auxiliaries, counting Allstate Insurance Company, Allstate Life Insurance Company and other auxiliaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Suspended Lines and Coverages, Allstate Financial, and Corporate and Other.
UDR, Inc. (NYSE:UDR)’s shares dropped -0.03% to $31.71.
UDR, Inc. (UDR) declared that Standard and Poor’s (“S&P”) upgraded the Company’s senior unsecured rating to BBB+ from BBB. The rating outlook is stable.
S&P based the ratings upgrade on the Company’s improved credit metrics, and improvement to its competitive position due to the diverse portfolio and above-average asset quality.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities.
At the end of Friday’s trade, Commscope Holding Company Inc (NASDAQ:COMM)‘s shares surged 0.75% to $32.20.
Commscope Holding Company Inc (COMM) the spectrum management and wireless engineering solution provider, has upgraded its iQ.linkXG microwave link design tool to address the unique requirements of today’s wireless backhaul networks, including those featuring small cells and sophisticated radios.
Comsearch has improved the iQ.link®XG software to make it much easier to accurately engineer microwave links for small cell applications and with adaptive modulation radios.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband.
New Gold Inc. (USA) (NYSEMKT:NGD), ended its Friday’s trading session with -0.16% loss, and closed at $3.15.
New Gold Inc. (USA) (NGD) declared the appointment of Kay Priestly to its Board of Directors.
Ms. Priestly has over 35 years of experience in finance, accounting and executive administration. She spent 24 years with Arthur Andersen LLP as a Certified Public Accountant where she offered auditing, tax and consulting services and held various senior leadership positions. She ultimately served on the firm’s global executive team as Managing Partner, People. From 2006 to 2014, Ms. Priestly held various executive positions with Rio Tinto plc and its associates, counting four years as Chief Financial Officer, Copper for Rio Tinto’s global copper product group and two years as Chief Executive Officer of Turquoise Hill Resources Ltd., an international mining company with copper-gold operations in the Asia-Pacific region. Ms. Priestly holds a Bachelor of Science, Accounting from Louisiana State University.
New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s operating properties comprise a 100% interest in the New Afton gold-copper mine in British Columbia, Canada; the Mesquite gold mine in California; the Peak gold-copper mines in New South Wales, Australia; and the Cerro San Pedro gold-silver mine in the state of San Luis Potosí, Mexico.
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