On Tuesday, Shares of General Electric Company (NYSE:GE), lost -0.58% to $27.52.
GE Capital’s Healthcare Financial Services (HFS) business declared recently that it has offered a $25 million credit facility to Nobilis Healthcare Corp., a healthcare facility owner and operator headquartered in Houston. Nobilis will use the funds to refinance its existing debt as well as for working capital and general corporate purposes.
“We reached this new relationship because we were confident it would assist us continue to grow through 2015 and beyond,” said Chris Lloyd, CEO of Nobilis Health. “The HFS team enabled us to reduce our average borrowing costs and streamline our capital structure. We’re very happy with the outcome.”
“We are excited to provide Nobilis with creative financing solutions that support their growth plans,” said Al Aria, senior managing director of corporate finance at GE Capital, Healthcare Financial Services. “Our experience in the healthcare sector, together with our flexible financing solutions, will assist us to support Nobilis’ short- and long-term growth aims.”
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Southwest Airlines Co. (NYSE:LUV), declined -2.33% to $36, during its last trading session.
The U.S. airline industry slipped into a bear market as investors worry that carriers are losing power to raise fares even as oil prices rise, according to Bloomberg.
The Bloomberg U.S. Airlines Index tumbled for a fifth straight day Tuesday, dropping 21 percent from its 2015 high on Jan. 26, a common definition of a bear market. The decline has occurred despite forecasts for a record industry profit this year and as planes fly with more than 80 percent of seats filled. Bloomberg Reports.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
At the end of Tuesday’s trade, Shares of Wal-Mart Stores Inc. (NYSE:WMT), lost -1.27% to $74.90.
Wal-Mart Stores Inc.’s more than three-year-old foreign-bribery scandal remains a concern for Glass Lewis & Co., which is telling investors to vote against three board members over the issue, according to Bloomberg.
The shareholder-advisory firm released a list of recommendations for Wal-Mart’s shareholder meeting on June 5, offering a mixed view of the company. While it endorsed 12 of the 15 board nominees, it also called for an independent chairman — something Wal-Mart has opposed. Institutional Shareholder Services Inc., another shareholder adviser, supported all the board candidates, though it too would like the chairman to be someone from outside the company. Bloomberg Reports.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, MGIC Investment Corp. (NYSE:MTG), ended its last trade with -0.47% loss, and closed at $10.70.
MGIC Investment Corporation, declared that Patrick Sinks, Chief Executive Officer, will be discussing the Private Mortgage Insurance industry at the Keefe, Bruyette & Woods 2015 Mortgage Finance Conference. His presentation is planned to start at 1:15 p.m. eastern time on June 2, 2015, and the conference is being held at the Millennium Broadway Hotel in New York City.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, in addition to covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.
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