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Friday 17 July 2015
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Pre-Market Stocks Recap: Interpublic Group of Companies (NYSE:IPG), Allstate (NYSE:ALL), Kroger (NYSE:KR), T-Mobile US (NYSE:TMUS)

On Monday, Interpublic Group of Companies Inc (NYSE:IPG)’s shares inclined 1.17% to $19.88.

Companies Inc (IPG) declared that it will release earnings for the second quarter ended June 30, 2015 on the morning of July 22, 2015. Following the release, the company will hold a conference call for investors at 8:30 a.m. Eastern Time on the same day to review results.

The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also offers various diversified services, counting public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and planned marketing consulting.

Allstate Corp (NYSE:ALL)’s shares gained 1.59% to $67.24.

A.M. Best has assigned indicative ratings of “a-” to senior unsecured debt, “bbb+” to subordinated debt, “bbb” to junior subordinated debt and “bbb” to preferred stock of the recently filed shelf registration of The Allstate Corporation (Allcorp) (Northbrook, IL) [NYSE: ALL]. Additionally, A.M. Best has assigned the indicative ratings of “bbb” of the preferred securities of Allstate Financing VII, VIII, IX and X, which may be issued under Allcorp’s shelf registration statement. The outlook assigned to all ratings is stable. The new shelf registration replaces Allcorp’s previous shelf registration, which expired on April 30, 2015. Consequently, the indicative ratings for the previous shelf registration have been withdrawn.

The assigned ratings recognize Allstate Insurance Group’s (Allstate) solid risk-adjusted capitalization, favorable operating earnings trend and noteworthymarket presence. The ratings also are indicative of A.M. Best’s view of the group’s near-term earnings prospects when considering Allstate’s strong overall business profile as one of the largest personal lines writers in the United States. Financial leverage and interest coverage ratios at the holding company remain within A.M. Best’s guidelines for the current ratings.

The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names. It also provides specialty auto products, counting motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products comprising renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; roadside assistance products; and commercial products for small business owners, in addition to insurance agency services. In addition, this segment sells retirement and investment products, counting mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance products. Further, it sells its products through contact centers and Internet.

At the end of Monday’s trade, Kroger Co (NYSE:KR)‘s shares dipped -49.61% to $38.47.

The Kroger Co. (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.

The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

T-Mobile US Inc (NYSE:TMUS), ended its Monday’s trading session with 0.61% gain, and closed at $39.27.

T-Mobile US Inc (TMUS) promised to take on a wireless industry that’d grown too fat to give a damn about its customers. Since then, the Un-carrier™ has eliminated the worst of the carrier abuses with an aggressive drumbeat of industry-rocking moves—and Americans have responded by making T-Mobile America’s fastest growing wireless company. But the company isn’t stopping there. T-Mobile is rolling out a series of epic updates to some of its wildly popular Un-carrier moves this summer and calling it ‘Un-carrier Amped!’ So today, the company kicked things off in a big way by amping up Un-carrier 2.0, its groundbreaking JUMP!® program, and introducing the industry’s lowest monthly cost to get an iPhone 6 when you trade-in your smartphone.

T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, in addition to through its Websites.

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