On Friday, Shares of Baidu, Inc. (NASDAQ:BIDU), surged 0.47% to $207.87.
Baidu, declared that it will report its financial results for the first quarter ended March 31, 2015, after the U.S. market closes on April 29, 2015. Baidu’s administration will hold an earnings conference call at 8:00 PM on April 29, 2015, U.S. Eastern Time (8:00 AM on April 30, 2015, Beijing/Hong Kong Time).
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Shares of Norfolk Southern Corporation (NYSE:NSC), gained 0.38% to $100.65, during its last trading session.
The 611 is going home again, coming back from its second restoration to headline Norfolk Southern Corporation, 21st Century Steam excursions in 2015.
Sixty-five years after the Class J 611 was built at Norfolk & Western Railway’s shops in Roanoke and placed into service for the first time May 29, 1950, the locomotive is planned to return under steam May 30, fulfilling the dreams of its Virginia Museum of Transportation owners and rail enthusiasts worldwide.
Chairman and CEO Wick Moorman, who launched plans for 21st Century Steam in 2010, and President Jim Squires will be aboard a J-powered train from Spencer, N.C., where the 611 has been undergoing restoration at the North Carolina Transportation Museum since June 2014.
Neither progress of rail industry dieselization nor ravages of time spent lying dormant on display for decades could defeat the 611, which survived the scrap heap of other steam locomotives and two retirements to take its place among a trio of iconic engines that will power 21st Century Steam this year. The others are Southern Railway 4501 and Nickel Plate Road 765.
VMT is a new sponsor with Norfolk Southern, joining the Tennessee Valley Railroad Museum and the Fort Wayne Railroad Historical Society to operate excursion trips between June 6 and Oct. 11. Tickets and plan details will be accessible on the websites of trip sponsors.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia.
At the end of Friday’s trade, Shares of Genworth Financial, Inc. (NYSE:GNW), gained 0.38% to $8.02.
Genworth Financial, responded to the final Private Mortgage Insurer Eligibility Requirements (PMIERs), which were published by the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, in conjunction with the Federal Housing Finance Agency. PMIERs will be used by the GSEs to approve private mortgage insurers that provide mortgage insurance on loans attained by them.
Based on its interpretation of the final PMIERs, the company still estimates $500 to $700 million of additional capital will be required to be fully compliant by the effective date. This estimate is based on a number of factors counting the company’s view of market size and dynamics, planned internal restructuring within U.S. Mortgage Insurance (U.S. MI) and current associate asset valuation. The estimate does not reflect recent declaration of changes to GSE fees (loan level pricing adjustments and adverse market fees), the influence of which the company is still evaluating. The final PMIERs lowered the level of required capital from that contained in the draft requirements, primarily benefiting legacy books of business, and also lowering the benefit from captive reinsurance treaties. Additionally, this estimate reflects reductions in associate asset valuation due to changes in market value, currency fluctuations and the finalization of the PMIERs.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
Finally, Paramount Group, Inc. (NYSE:PGRE), ended its last trade with 0.37% gain, and closed at $18.76.
Paramount Group, declared it will release its first quarter 2015 financial results on Thursday, May 7, 2015 after the close of trading on the New York Stock Exchange. Paramount will host a conference call and webcast at 10:00 a.m. Eastern Time on Friday, May 8, 2015.
During the call, Albert Behler, Chairman, Chief Executive Officer and President, and other Company officers will talk about the first quarter results and provide commentary on business performance. A question and answer session with analysts will follow the prepared remarks.
An audio replay will be accessible after 1:00 p.m. Eastern Time on May 8, 2015 through May 22, 2015.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, attains and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco.
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