On Tuesday, Shares of American International Group Inc (NYSE:AIG), gained 2.00% to $59.24.
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of The Fuji Fire & Marine Insurance Company, Limited (Fuji Fire) (Japan) and AIU Insurance Company, Ltd. (AIU Japan) (Japan). The ultimate parent company of both companies is American International Group, Inc. (AIG) (New York, NY) (AIG). The outlook for all ratings is stable.
Conpresently, A.M. Best has withdrawn the ratings in response to the companies’ request to no longer take part in A.M. Best’s interactive rating process.
Fuji Fire’s and AIU Japan’s ratings consider a wide range of support from their parent company, AIG Japan Holdings KK, which is ultimately owned by AIG. Fuji Fire and AIU Japan are planned to merge in 2016, pending regulatory approvals, and are on course to integrate the two operations.
The rating reflects AIU Japan’s robust risk-adjusted capitalization, improved operating performance and a strong business profile that is supported by its distinct market position to provide accident and health insurance products in Japan. Fuji Fire’s risk-adjusted capitalization remained adequate to support the current ratings and recovery in profitability led by the comprehensive restructure in its operation.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Shares of Analog Devices, Inc. (NASDAQ:ADI), inclined 7.06% to $57.77, during its last trading session.
Analog Devices, introduced a high-performance clock jitter attenuator designed to support the JESD204B serial interface standard for connecting high-speed data converters and field-programmable gate arrays (FPGAs) operating in base station designs. The JESD204B interface was specifically developed to address high-data rate system design needs, and the 3.2-GHz HMC7044 clock jitter attenuator contains functions that support and enhance the unique capabilities of that interface standard. The HMC7044 delivers 50-fs jitter performance, which improves the signal-to-noise ratio and dynamic range of high-speed data converters, and the device provides 14 low-noise and configurable outputs that provide flexibility in interfacing with many different components. The HMC7044 also offers a wide range of clock administration and distribution features that make it possible for designers of base stations to build an entire clock design with a single device.
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.
Finally, Patterson-UTI Energy, Inc. (NASDAQ:PTEN), ended its last trade with 1.94% gain, and closed at $14.72.
Patterson-UTI Energy stated that for the month of August 2015, the Company had an average of 106 drilling rigs operating in the United States and 4 rigs in Canada. For the two months ended August 31, 2015, the Company had an average of 109 drilling rigs operating in the United States and 4 rigs in Canada.
Average drilling rigs operating stated in the Company’s monthly declarements represent the average number of the Company’s drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can affect the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
