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Wednesday 14 October 2015
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(HSBC) (CNW) (CPGX) (RDN) Active News Update: HSBC Holdingsss (NYSE:HSBC), Con-way (NYSE:CNW), Columbia Pipeline (NYSE:CPGX), Radian (NYSE:RDN)

On Friday, HSBC Holdings plc (ADR) (NYSE:HSBC)’s shares inclined 2.10% to $38.94.

According to a HSBC survey, sixty-five percent of parents in the U.S. would consider sending their child abroad for all or part of their university education, with Japan and China seen as offering the highest quality education accessible outside the U.S.

The HSBC Value of Education report Learning for Life shows that among 16 countries surveyed, parents in 12 countries consider the U.S. to be the international destination offering the highest quality education. Only in the United States did parents identify China as one of the countries offering the best education abroad. Among U.S. parents, 42% ranked an American education within the top three accessible worldwide (contrast to 51% of parents globally), while 39% ranked China in the top three (contrast to 13% globally).

When it comes to study abroad, 41 percent of U.S. parents would consider sending their children abroad for a semester or partial course of study at either undergraduate or postgraduate level, while 36 percent would consider full-time enrollment in an international college. Globally, an average of 44 percent and 53 percent of parents respectively would consider these types of international opportunities.

HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking.

Con-way Inc (NYSE:CNW)’s shares dropped -0.23% to $47.37.

Con-way Freight, the nationwide less-than-truckload (LTL) carrier of Con-way Inc. (CNW), declared recently that it will implement a general rate enhance averaging 4.9 percent, applicable to non-contractual business, effective October 19th.

The rate enhance will apply to customers on the company’s CNWY 599 tariff. It will affect general LTL rates, minimum charges, accessorial and other supplemental fees applicable to LTL shipments moving within the United States and Canada, cross-border shipments moving between the United States, Puerto Rico and Canada, and the domestic U.S. portion of shipments into Mexico.

The rate enhance is intended to assist offset rising costs of doing business, which comprise contending with the nationwide shortage of qualified truck drivers, raised regulatory compliance, higher fleet operations and revenue equipment costs, and technology upgrades which enable the company’s premium service product. Customers can view the new rates after October 5 through the My Con-way.com page on the Con-way website.

Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload.

At the end of Friday’s trade, Columbia Pipeline Group Inc (NYSE:CPGX)‘s shares surged 0.91% to $18.36.

Columbia Pipeline Group, Inc. and Columbia Pipeline Partners LP (together, “Columbia”) recently declared that their partner, Columbia Gas Transmission, LLC, has placed the East Side Expansion Project (“ESE”) in service.

“East Side is an important piece of our project backlog which is designed to meet the needs of both producers and end-use markets over the next several years,” said CPG President Glen Kettering. “Placing it in service recently is a testament to our team’s focus on executing CPG’s exciting growth plan on time and on budget.”

The ESE Project creates additional capacity of 312 million cubic feet per day on the Columbia system. It involves the installation of two natural gas pipelines, with about nine miles of pipeline in Chester County, Pennsylvania, and nine miles of pipeline in Gloucester County, New Jersey. The project also comprises modifications and upgrades to certain compressor station facilities, counting the installation of two new 4,700 horsepower compressor units at Columbia’s Milford Compressor Station in Pike County, Pennsylvania, and two new 10,000 horsepower units at the company’s Easton Compressor Station in Northampton County, Pennsylvania.

Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. It owns about 15,000 miles of interstate gas pipelines from New York to the Gulf of Mexico; and natural gas storage systems with about 300 million dekatherms (MMDth) of working gas capacity, in addition to related gathering and processing assets.

Radian Group Inc (NYSE:RDN), ended its Friday’s trading session with 1.19% gain, and closed at $16.09.

Asian Real Estate Association of America (AREAA), has reached a two-year exclusive partnership with Radian Guaranty Inc., the mortgage insurance partner of Radian Group Inc. Through this partnership, Radian and AREAA will focus on creating broader lending options for Asian American consumers, counting the association’s 14,000 members.

Under the agreement, Radian is working with AREAA and its local leaders to educate AREAA members on the benefits of mortgage insurance and to create tools to assist Asian American consumers make the best mortgage decisions.

Since 2000, Asian Americans have been the fastest growing group in the United States with the highest household income in the country. Nearly two thirds of the Asian American population are foreign born and the demand for culturally relevant products is strong. Within the next two years, Asian American purchasing power will top $1 trillion.

Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).

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