On Wednesday, Shares of American Airlines Group Inc. (NASDAQ:AAL), lost -2.84% to $38.80.
The American Airlines Education Foundation is awarding $560,000 to 210 children of employees. Each recipient will receive a $2,500 scholarship and first generation college students will each receive an additional one-time award of $1,000. Scholarship recipients will be honored at a reception at the George Bush Institute in Dallas.
“Awarding these scholarships is one of the most impactful things we do for employees and their families,” said Elise Eberwein, executive vice president – People and Communications. “We are invested in the education of our American Airlines colleagues and their families, and the scholarship reception is such a fun event because we get to see firsthand just how bright the future is for our company, our industry and the world at large.”
“We are very thankful to receive the scholarships as college funding has taken a tremendous amount of planning for us,” said David Yienger, an application development team lead for aa.com and the father of quadruplets, all of whom are receiving a scholarship this year.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Shares of WPCS International Incorporated (NASDAQ:WPCS), inclined 96.10% to $3.02, during its last trading session.
WPCS International Incorporated, declared that it has accomplished a series of transactions resulting in the elimination of all of its $1,703,000 principal amount of Unsecured Promissory Notes, which were originally due to be paid on September 30, 2015.
According to Sebastian Giordano, Interim CEO of WPCS, “Not only does this eradicate our most pressing short-term cash obligation, but it also generates a corresponding equity enhance, a critical factor as we continue working on our plan to regain compliance with the NASDAQ minimum equity requirement.”
WPCS International Incorporated provides low voltage communication infrastructure services in the public services, healthcare, energy, and corporate enterprise markets worldwide. The company creates integrated building systems, counting the installation of structured cabling systems.
Finally, Assured Guaranty Ltd. (NYSE:AGO), ended its last trade with 1.33% gain, and closed at $24.31.
Bond insurance auxiliaries of Assured Guaranty Ltd., and other bond insurers will purchase $128 million of interest bearing bonds from the Puerto Rico Electric Power Authority (PREPA). The bond proceeds will replenish a portion of PREPA operating funds used to make the full $416 million payment of principal and interest due to its bondholders on July 1, 2015.
“This interim solution allows PREPA to make the planned principal and interest payments due July 1, giving all parties time to negotiate a permanent, consensual restructuring,” said Dominic Frederico, President and CEO. “Regardless of future developments, debt service payments to holders of Assured Guaranty-insured PREPA bonds remain protected by our guaranty.”
The participating bond insurers will fund the bond purchase on a pro rata basis, based on the par amount of the PREPA revenue bonds coming due on July 1, 2015 that each has insured, which is about $113 million for Assured Guaranty. Assured Guaranty’s pro rata cost to purchase the new bonds before the impact of Assured Guaranty’s about 35% reinsurance will be $72.6 million. The Assured Guaranty purchase will be made through Assured Guaranty Municipal Corp. and Assured Guaranty Corp.
The final principal payment on the bonds, together with interest, is payable on January 1, 2016.
Assured Guaranty Ltd., through its auxiliaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in planned payments.
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