On Thursday, Manulife Financial Corporation (USA) (NYSE:MFC)’s shares declined -2.12% to $17.55.
Manulife Financial Corporation declared that its U.S. Division (John Hancock Financial) has successfully accomplished its formerly declared reinsurance transaction through which New York Life has assumed, on a reinsurance basis, a net 60 percent interest in John Hancock’s in-force participating life insurance closed block, which was written prior to John Hancock’s demutualization in 2000. John Hancock will continue to service the policies and there will be no change in contract terms or policyholder benefits as a result of the reinsurance.
The reinsurance transaction was declared on December 23, 2014, together with a contract under which John Hancock would acquire New York Life’s Retirement Plan Services (RPS) business. The acquisition of the Retirement Plans Services business closed on April 14, 2015.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
Mobileye NV (NYSE:MBLY)’s shares gained 0.02% to $60.67.
Mobileye N.V. (MBLY), the global leader in the design and development of camera-based Advanced Driver Assistance Systems, declared that it intends to release its financial results for the second quarter ended June 30, 2015 on Thursday, August 6, 2015 at about 6:00 a.m. EDT.
Mobileye N.V., together with its auxiliaries, designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market. The company offers proprietary software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, in addition to identify and read traffic signs and traffic lights.
At the end of Thursday’s trade, WESCO International, Inc. (NYSE:WCC)‘s shares dipped -5.26% to $62.30.
ESCO International, Inc. (WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain administration and logistics services, declares its 2015 second quarter results.
The following are results for the three months ended June 30, 2015 contrast to the three months ended June 30, 2014:
- Net sales were $1,916.7 million for the second quarter of 2015, contrast to $2,005.2 million for the second quarter of 2014, a decrease of 4.4%. Normalized organic sales reduced 3.0%; foreign exchange rates negatively influenced sales by 3.0% and were partially offset by a 1.6% positive impact from acquisitions. Sequentially, sales raised 5.5%, and normalized organic sales raised 1.1%.
- Gross profit was $381.6 million, or 19.9% of sales, for the second quarter of 2015, contrast to $411.8 million, or 20.5% of sales, for the second quarter of 2014.
WESCO International, Inc. distributes electrical, industrial, and communications maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials in North America and internationally. It also provides supply chain administration and logistics services.
Hewlett-Packard Company (NYSE:HPQ), ended its Thursday’s trading session with -1.49% gain, and closed at $31.23.
In conjunction with Helmerich & Payne, Inc.’s (HP) third quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Thursday, July 30, 2015, at 11:00 a.m. (ET) with John Lindsay, President and CEO, and Juan Pablo Tardio, Vice President and CFO.
Helmerich & Payne, Inc. primarily operates as a contract drilling company in South America, the Middle East, and Africa. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. As of November 13, 2014, the company’s fleet comprised of 333 land rigs in the U.S., 37 international land rigs, and 9 offshore platform rigs. Its contract drilling business operates through three reportable segments: U.S. Land, Offshore, and International Land.
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