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Monday 22 June 2015
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Pre- Market News Review: Mattel, (NASDAQ:MAT), Capital One Financial (NYSE:COF), Walgreens Boots Alliance (NASDAQ:WBA), International Business Machines (NYSE:IBM)

On Wednesday, Mattel, Inc. (NASDAQ:MAT)’s shares inclined 2.16% to $26.95.

Mattel, Inc. (MAT) declared that it plans to release its second quarter 2015 financial results on Thursday, July 16, 2015 at about 4:05 p.m. Eastern time. Following this, the company will host a conference call and webcast at 5:00 p.m. Eastern time.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.

Capital One Financial Corp. (NYSE:COF)’s shares dropped -0.26% to $87.84.

Capital One Financial Corp. (COF) declared it has launched Capital One Escrow ExpressSM, a self-service, sub-accounting platform that allows escrow agents to manage escrow and tenant security accounts online. The new platform transforms the client experience by digitizing a highly cumbersome manual process and enabling greater control and efficiency through online account administration. It also offers convenient online access to a variety of reports and statements, the ability to calculate and post interest at the sub-account level, and to manage any associated 1099 reporting.

Capital One Escrow ExpressSM clients benefit from:

  • Around-the-clock access to a virtual sub-accounting platform through Intellix®, Capital One’s treasury administration portal
  • The ability to open and close sub-accounts online without having to go through the bank
  • The automatic calculation and credit of interest payments and a final payout when accounts are closed
  • Detailed, up-to-date reporting, in addition to account summaries and statements
  • System-generated 1099 statements at year end

“Managing escrow funds is typically a time-consuming chore that takes attention away from more planned activities. This innovative service saves our clients time, relieves their operational burdens and ensures they meet the compliance requirements related to handling escrow monies,” said Taylor.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

At the end of Wednesday’s trade, Walgreens Boots Alliance Inc (NASDAQ:WBA)‘s shares dipped -0.30% to $85.62.

Walgreens Boots Alliance Inc (WBA) will release its fiscal 2015 third quarter earnings results at 7 a.m. Eastern time Thursday, 9 July 2015, followed by a one-hour conference call with Walgreens Boots Alliance administration starting at 8:30 a.m. Eastern time.

Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online.

International Business Machines Corp. (NYSE:IBM), ended its Wednesday’s trading session with 0.14% gain, and closed at $167.07.

Ongoing to strengthen its global cloud presence in the European market, IBM (NYSE: IBM) has opened its first cloud data center in Italy. Located in Cornaredo, a municipality in the Province of Milan, the new facility provides the fast-growing Italian cloud market with a local IBM Cloud presence, allowing customers to deploy their workloads in the country and benefit from a low-latency connection into IBM Cloud’s global platform, which securely integrates data and applications for clients around the world.

The new IBM Cloud center, powered by SoftLayer infrastructure, allows customers and partners adopting cloud computing to more easily manage, run, and store data and workloads Italy, key for many local clients in regulated industries. Global customers can also use the new facility to reach local end users, create data redundancy, and achieve geographic diversity.

The Milan location supports an emerging cloud-computing market in Italy, which, according to The Polytechnic University of Milan’s Observatory of Cloud and ICT as a Service, saw 31 percent year-over-year growth in 2014, with a total market spend of more than EUR 1.18 billion (US$1.33 billion).

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.

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