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Friday 24 July 2015
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Pre-Market Stocks Highlights: Electronic Arts. (NASDAQ:EA), CenterPoint Energy, (NYSE:CNP), SLM (NASDAQ:SLM), LinnCo LLC (NASDAQ:LNCO)

On Friday, Electronic Arts Inc. (NASDAQ:EA)’s shares inclined 0.69% to $73.47.

Electronic Arts Inc. (EA) launched EA SPORTS™ Rory McIlroy PGA TOUR® for Xbox One®, the all-in-one games and entertainment system from Microsoft and PlayStation®4 computer entertainment system. The power of Frostbite™ 3, in addition to customizable gameplay styles and numerous ways to play all combine to truly deliver Golf Without Limits.

Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions. It develops and publishes digital interactive entertainment games primarily under the The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, FIFA Soccer, Need for Speed, Dragon Age, and Plants vs. Zombies brand names. T

CenterPoint Energy, Inc. (NYSE:CNP)’s shares dropped -1.25% to $19.00.

CenterPoint Energy, Inc. (CNP) declares the company will Host Webcast of Second Quarter 2015 Earnings Conference Call on August 10, 2015 at 11:30 AM ET .

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

At the end of Friday’s trade, SLM Corp(NASDAQ:SLM)‘s shares surged 0.15% to $9.98.

Sallie Mae (SLM), the nation’s saving, planning and paying for College Company, declared a 2015 third-quarter dividend on its Preferred Stock Series A of 6.97 percent, or $0.87125 per share. The dividend will be paid on July 30, 2015, to stockholders of record at the close of business on July 20, 2015.

On March 31, 2015, Sallie Mae had about 3.3 million shares of Preferred Stock Series A outstanding.

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.

LinnCo LLC (NASDAQ:LNCO), ended its Friday’s trading session with -6.29% loss, and closed at $7.30.

LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P. (“GSO”), the credit platform of The Blackstone Group L.P. (BX) (“Blackstone”), to fund oil and natural gas development (the “DrillCo Agreement”).

Funds managed by GSO and its associates have agreed to commit up to $500 million with 5-year availability to fund drilling programs on locations offered by LINN. Subject to adjustments depending on asset characteristics and return expectations of the selected drilling plan, GSO will fund 100 percent of the costs associated with new wells drilled under the DrillCo Agreement and is predictable to receive an 85 percent working interest in these wells until it achieves a 15 percent internal rate of return on annual groupings of wells, while LINN is predictable to receive a 15 percent carried working interest during this period. Upon reaching the internal rate of return target, GSO’s interest will be reduced to 5 percent, while LINN’s will enhance to 95 percent.

LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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