On Friday, MBIA Inc. (NYSE:MBI)’s shares inclined 2.61% to $6.28.
MBIA Inc. (MBI) stated Combined Operating Income (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $19 million or $0.11 per diluted share for the second quarter of 2015 contrast with Combined Operating Income of $2 million or $0.01 per diluted share for the second quarter of 2014. The improvement in Combined Operating Income for the three months ended June 30, 2015 contrast with the same period of 2014 was driven primarily by a lower tax provision, as the 2014 quarter had a higher effective tax rate due to a tax reserve enhance. In addition, higher refunding premiums earned and lower expenses, counting a 53 percent reduction of loss and loss adjustment expenses, contributed to the improved 2015 results. The Company’s share repurchases further contributed to the enhance in Combined Operating Income per share.
Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) was $27.00 as of June 30, 2015 contrast with $25.78 as of March 31, 2015 and $24.87 as of December 31, 2014. The enhances in ABV per share since year-end 2014 have primarily been driven by decreases in common shares outstanding. During the first and second quarters of 2015, the Company repurchased 8.6 million and 11.6 million, respectively, of its common shares.
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments. It issues financial guarantees for municipal bonds, counting tax-exempt and taxable indebtedness, in addition to utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities.
Colgate-Palmolive Company (NYSE:CL)’s shares dropped -0.18% to $68.52.
The Board of Directors of Colgate-Palmolive Company (CL) declared a quarterly cash dividend of $0.38 per common share, payable on August 14, 2015, to shareholders of record on July 23, 2015. The Company has paid uninterrupted dividends on its common stock since 1895.
Colgate-Palmolive Company, together with its auxiliaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, counting toothpastes, toothbrushes, and mouthwashes, in addition to pharmaceutical products for dentists and other oral health professionals; personal care products comprising liquid hand soaps, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products, such as dishwashing liquids, laundry and dishwashing detergents, household cleaners, oil soaps, bleaches, fabric conditioners, and other products.
At the end of Friday’s trade, ConAgra Foods Inc (NYSE:CAG)‘s shares dipped -0.96% to $44.54.
ConAgra Foods, Inc. (CAG) declared that all of the company’s facilities in the U.S. and Canada have accomplished the transition to cans without Bisphenol A (BPA) liners.
While ConAgra Foods began canning some food in non-BPA lined cans in 2010, other foods required a different approach, due to their acidity or other characteristics. Extensive research and trials to find safe, long-lasting and economical packaging led the company to Ardagh Group, a global leader in glass and metal packaging solutions. Ardagh invested in capacity and capability to meet ConAgra Foods’ needs, and began providing the company non-BPA cans earlier this year. The cans are made in new, state-of-the-art production facilities using advanced technologies that allow for use of different coating systems using polyester or acrylic materials that do not contain BPA. As of July 30, all ConAgra Foods canned foods made in its U.S. and Canadian facilities will be packaged in cans with non-BPA liners. The company does import into the U.S. and Canada a small quantity of canned products with BPA liners and is working with the suppliers of these products to convert to non-BPA liners by early 2016.
ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The Consumer Foods segment provides branded food products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts to various retail channels, such as grocery and convenience stores across frozen, refrigerated, and shelf-stable temperature classes. ‘
Western Refining, Inc. (NYSE:WNR), ended its Friday’s trading session with -1.57% loss, and closed at $47.59.
Western Refining, Inc. (WNR) declared its Board of Directors approved a $0.34 per share dividend for the third quarter of 2015. The dividend will be paid on August 12, 2015, to shareholders of record at the close of market on July 27, 2015.
Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in four segments: Refining, NTI, WNRL, and Retail. The Refining segment owns and operates two refineries that process crude oil and other feed stocks primarily into gasoline, diesel fuel, jet fuel, and asphalt; and markets refined products to various customers, counting wholesale distributors and retail chains.
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