On Wednesday, Shares of Comerica Incorporated (NYSE:CMA), lost -0.22% to $40.74.
While economic predictions are not hard to come by, the credibility and reputation of the nation’s top economists are built on the accuracy of their commentary and modeling. Robert A. Dye, senior vice president and chief economist at Comerica Bank, has had the most accurate U.S. economic forecasts among the nation’s top economists for the years 2011 to 2014. Accordingly, he will be honored Oct. 14 at a ceremony at the University Club in New York with the prestigious Lawrence R. Klein Award for his achievements.
Dye beat out about 50 competitors for this year’s award which is sponsored and judged by the W. P. Carey School of Business at Arizona State University.
“I am honored to be the recipient of an award named after Lawrence Klein, one of the most prominent and influential economists of our time,” said Dye. “Providing accurate forecasts over a year is challenging enough. To do so over four years tells me that I have done my job well on behalf of Comerica Bank’s customers and colleagues.”
Dye provides commentary and research on the U.S. economy and the economies of California, Texas, Arizona, Florida and Michigan – Comerica’s primary markets. He also publishes a monthly U.S. economic update and quarterly regional economic updates targeting 12 key metropolitan statistical areas within Comerica’s footprint.
Comerica Incorporated, through its auxiliaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Administration. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash administration, capital market products, international trade finance, letters of credit, foreign exchange administration services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
Shares of Capstone Turbine Corporation (NASDAQ:CPST), declined -3.13% to $0.340, during its last trading session.
Capstone Turbine Corporation, declared that it received an order for a C1000 microturbine to upgrade a processing plant for an Italian silica manufacturer.
IBT Group, Capstone’s Italian distributor, secured the order, which is planned to be commissioned in December 2015.
The natural-gas-fueled C1000 microturbine will be installed in a combined heat and power (CHP) application to provide base load power to the processing facility and heat to continuously dry the silica during production. The 1MW microturbine is modular so that it can easily be expanded to accommodate future improvement in facility load. Capstone microturbines do not use oil or lubricating liquids to operate, which allows for minimal maintenance and raised uptime, maximizing production and profitability.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
At the end of Wednesday’s trade, Shares of New York Mortgage Trust Inc (NASDAQ:NYMT), gained 0.91% to $6.67.
New York Mortgage Trust, declared that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending September 30, 2015. The dividend will be payable on October 26, 2015 to common stockholders of record as of September 28, 2015.
In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period startning July 15, 2015 and ending on October 14, 2015. This dividend is payable on October 15, 2015 to holders of record of Series B Preferred Stock as of October 1, 2015.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States.
Finally, Time Warner Cable Inc (NYSE:TWC), ended its last trade with -1.02% loss, and closed at $188.30.
Time Warner Cable, has partnered with Telemundo to launch a new Disfruta Aún Más campaign to communicate how TWC continues to enhance its products and services to assist customers connect to what they love at home and on-the-go with value-driven offerings like the Triple Play bundle, Everyday Low Price Internet, TWC Phone Unlimited and the new Phone 2 Go App. The new Spanish-language campaign launches this week with four TV spots planned for the duration of the campaign, starring Colombian-born actress, Carmen Villalobos, of the hit Telemundo super series, El Señor de los Cielos.
TWC recently declared the expansion of TWC Phone Unlimited to comprise unlimited calling to all 28 countries in the European Union plus Norway. TWC customers with the phone plan can already make unlimited calls to anywhere in the U.S., Canada, Mexico, China, India, Hong Kong, Puerto Rico, Guam, and the U.S. Virgin Islands, and now can call most of Europe, all for one low monthly price.
Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.
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