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Wednesday 17 June 2015
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Pre-Market News Report on: Navient (NASDAQ:NAVI), Nielsen NV (NYSE:NLSN), Prospect Capital (NASDAQ:PSEC), SLM (NASDAQ:SLM)

On Tuesday, Navient Corp (NASDAQ:NAVI)’s shares inclined 0.26% to $19.14.

Dust off that foam finger, refresh your resume and join Navient and other local employers for the second annual “9 Innings of Networking” at Frawley Stadium in Wilmington on Wednesday, June 17, at 5:30 p.m.

Navient, the nation’s leading loan administration, servicing and asset Recovery Company, is looking to fill positions for its collections, audit, compliance and IT departments at its two Delaware locations in Newark and Wilmington.

After the career fair, stay for the Blue Rocks vs. Salem Red Sox game, which starts at 6:35 p.m. Complimentary tickets will be given to those who bring a copy of their resume to the box office.

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.

Nielsen NV (NYSE:NLSN)’s shares gained 0.13% to $44.82.

Nielsen NV (NLSN) named technology veteran James Powell Global Chief Technology Officer effective July 6, 2015. Powell joins the company from Thomson Reuters where he was Executive Vice President and Chief Technology Officer.

Powell brings to Nielsen 20 years of experience as a senior technology leader. Twelve of those years were with Thomson Reuters where Powell devised and drove transformational technological change for the company. At Nielsen, Powell will be responsible for directing the technology, engineering and data science teams as the company drives towards a more accessible, interoperable and nimble future.

Nielsen N.V. operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch and listen. Its Buy segment provides data on retail measurement services, such as market share and competitive sales volumes; insights into distribution, pricing, merchandising, and promotion; consumer panel measurement, which offers insight into shopper behavior and customer segmentation; and consumer intelligence and analytical services for decision making in development and marketing cycles.

At the end of Tuesday’s trade, Prospect Capital Corporation (NASDAQ:PSEC)‘s shares surged 0.53% to $7.65.

Prospect Capital Corporation (PSEC) declared that Prospect has offered Capstone Logistics, LLC (“Capstone”), an existing portfolio company of Prospect, with an incremental $37.5 million of floating rate secured term debt to support Capstone’s acquisition of Pinnacle Workforce Logistics LLC (“Pinnacle”). Prospect holds Capstone’s entire senior second lien facility, which totals about $100 million.

Headquartered in Atlanta, Capstone services over 50 customers at more than 240 facilities across 45 states. Capstone is an outsourced supply-chain-solutions provider offering freight handling services, supply-chain consulting, and administration of distribution centers. Capstone’s workforce solutions allow distribution center operators to outsource non-core labor-intensive elements of their supply chains. The Jordan Company, L.P. purchased Capstone in August 2014.

Pinnacle provides fully managed workforce solutions with a North American platform of over 80 client-owned sites across multiple end markets. Services comprise freight handling, order selection, warehouse maintenance, and co-packing and kitting. Capstone and Pinnacle together expect to share complementary end markets and services, offer a strengthened platform to better serve customers, and experience immediate cost synergies.

Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle market privately-held companies. The Company is a closed-end investment company which invests primarily in first and second lien secured loans and unsecured debt, senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company is a non-diversified company and also focuses on making investments in private companies.

SLM Corp (NASDAQ:SLM), ended its Tuesday’s trading session with 0.29% gain, and closed at $10.26.

SLM Corp (NASDAQ:SLM) declared a $10,000 grant to the Delaware Adolescent Program, Inc. (DAPI) to support the nonprofit’s summer 2015 Pathway to College and Career Program. DAPI assists teen parents graduate from high school and motivates them to pursue college educations. The grant was made by The Sallie Mae Fund, Sallie Mae’s charitable foundation.

During the four-week Pathways to College Program, which starts recently and runs through July 9, about 20 eighth through 12th graders from throughout Delaware will be able to earn credit for coursework they were unable to complete during the regular academic year. This is the program’s second year; Sallie Mae also supported the program’s launch in 2014.

SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families. It also provides banking products, such as high yield savings accounts, money market accounts, and certificates of deposits; and operates a consumer savings network that offers financial rewards on everyday purchases to assist families save for college. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

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