On Wednesday, First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares declined -2.66% to $9.50.
First Niagara Financial Group, Inc. (FNFG) named Jeff L. Hubbard to serve as New England Regional President, leading the company’s New Haven-based team of bankers across Connecticut and Massachusetts.
Hubbard joins First Niagara from TD Bank, N.A., where he served for six years, most recently as Regional Vice President, Commercial Banking responsible for managing the daily business activities for the bank in the Hartford region of Connecticut, in addition to expanded responsibility for leading the bank’s commercial, middle market and small business lending activities statewide.
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.
Standard Pacific Corp. (NYSE:SPF)’s shares gained 0.23% to $8.80.
The Ryland Group, Inc. (RYL) and Standard Pacific Corp. (SPF) jointly declared CalAtlantic Group, Inc. as the name of the company that will be formed when their formerly declared merger is complete. The projected merger, which was declared on June 14, is subject to approval by the stockholders of the Company and Ryland and other customary closing conditions, and is predictable to close in early fall 2015. In addition to the name CalAtlantic Group, Inc., the combined company will be identified to consumers as CalAtlantic Homes, CalAtlantic Mortgage, CalAtlantic Title and CalAtlantic Insurance. The new company will be traded on the New York Stock Exchange under the ticker symbol CAA.
Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes for various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado. The company also provides mortgage financing services to its homebuyers; and title examination services to its Texas and Florida homebuyers.
At the end of Wednesday’s trade, Navient Corp (NASDAQ:NAVI)‘s shares dipped -0.52% to $15.31.
Navient (NAVI), the nation’s leading loan administration, servicing and asset recovery company, declared recently that its board of directors approved a 2015 third quarter dividend of $0.16 per share on the company’s common stock.
The third quarter 2015 dividend will be paid on Sept. 18, 2015, to shareholders of record at the close of business on Sept. 4, 2015.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio; and servicing and asset recovery services for loans on behalf of guarantors of FFELP loans, guaranty agencies, higher education institutions, the United States Department of Education, and other federal clients, in addition to states, courts, and municipalities.
Tesoro Corporation (NYSE:TSO), ended its Wednesday’s trading session with -0.05% loss, and closed at $109.38.
Tesoro Corporation ( TSO ) stated second quarter 2015 net earnings of $582 million, or $4.59 per diluted share contrast to net earnings of $224 million, or $1.70 per diluted share for the second quarter of 2014. Net earnings from ongoing operations for the second quarter were $586 million or $4.62 per diluted share. Adjusted EBITDA for the second quarter 2015 was $1.2 billion contrast to $548 million last year.
For the second quarter 2015, the Company recorded segment operating income of $1.1 billion contrast to segment operating income of $494 million in the second quarter of 2014. The enhance was largely driven by strong demand, continued growth in the logistics segment and business improvements.
The refining segment`s operating income was $753 million for the quarter, contrast to $358 million in the second quarter of 2014. Our refineries benefited from a substantially improved margin environment and lower operating expenses partially offset by turnarounds and maintenance activities.
Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, in addition to other products, counting heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt.
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