On Friday, in the course of current trade, Shares of Wells Fargo & Company (NYSE:WFC), dropped -0.19%, and is now trading at $57.15.
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Rural Community Insurance Company (RCIC) (Anoka, MN). The outlook for both ratings is stable.
The ratings reflect RCIC’s strong level of risk-adjusted capitalization, historically profitable operating performance, its position as one of the market leaders within the multi-peril crop insurance (MPCI) industry and administration expertise in the highly specialized MPCI marketplace. Additionally, RCIC’s balance sheet strength is protected by an aggregate stop-loss reinsurance treaty, which minimizes the potential impact from severe underwriting losses. The rating also recognizes noteworthy financial flexibility and operating liquidity afforded through the company’s ultimate parent, Wells Fargo & Company [NYSE:WFC], one of the largest publicly traded financial services organizations in the United States.
The positive rating factors are somewhat offset by RCIC’s concentrated product offering and heavy reliance on reinsurance, which is somewhat mitigated by the high credit quality of its reinsurers, counting the Federal Crop Insurance Corp. Additional offsetting factors are the potential for underwriting volatility due to operational risk from a change in the agricultural marketplace or in either the agricultural crop insurance program or farm bill that adversely impact the company’s business plan.
Negative rating action could result if RCIC’s risk–adjusted capitalization or operating performance falls markedly short of A.M. Best’s expectation.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
During an early morning trade, Shares of BlackBerry Limited (NASDAQ:BBRY), gained 0.43%, and is now trading at $9.25.
At TU-Automotive Detroit 2015, BlackBerry Limited, is demonstrating its next-generation over-the-air (OTA) update solution, which will assist automakers cut maintenance costs, reduce expensive recalls, improve customer satisfaction, and keep vehicles up to date with compelling new features long after they have rolled off the assembly line. The OTA update solution is part of the BlackBerry® IoT Platform and is designed to deliver secure, globally scalable update services for maintaining and enhancing the software in infotainment systems, telematics units, and other end-points in the vehicle.
Today’s vehicles contain tens of millions of lines of software code, running on dozens of processors. Often, code must be updated to improve functionality, to fix issues, or to deliver new applications to infotainment systems. However, the conventional, reactive approach of physically updating vehicle software is costly, inconvenient, and time-consuming. The BlackBerry OTA solution can address these problems by leveraging an architecture based on a decade of software update expertise. BlackBerry has applied its proven experience in updating more than 100 million globally distributed devices to the unique hardware, operating system, and application needs of the automotive sector.
The new OTA update solution is hosted within BlackBerry’s secure network and can scale to millions of vehicles, enabling automakers to cost effectively manage their worldwide fleets. It can also address the unique demands of each automaker, providing an OS-agnostic solution that can adapt to different vehicle electronic designs. As a result, automakers can address issues or add new features to enhance the customer experience, faster and at less cost.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. It also provides BlackBerry 10 smartphones.
Finally, Host Hotels & Resorts, Inc. (NYSE:HST), gained 2.49% Friday.
Host Hotels & Resorts, declared that its board of directors authorized a regular quarterly cash dividend of $0.20 per share on the Company’s common stock. The dividend is payable on July 15, 2015, to stockholders of record on June 30, 2015.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland.
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.
