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Friday 9 October 2015
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News Alert on: Mastercard Inc(NYSE:MA), Public Service Enterprise Group (NYSE:PEG), Flextronics International Ltd.(NASDAQ:FLEX), American Capital (NASDAQ:ACAS)

On Friday, Mastercard Inc (NYSE:MA)’s shares declined -0.06% to $90.48.

Shoppers around the world are demanding their retail experience be transformed, a study by MasterCard has revealed on the eve of this year’s World Retail Congress. Retailers are under increasing pressure to adopt new payment technologies, as shoppers demand simpler and more innovative ways to pay, MasterCard’s first Retail Social Listening Study has uncovered.

In a world first, the MasterCard study in partnership with PRIME Research, analysed 1.6 million unprompted online conversations around shopping and retail, across 61 markets in order to understand consumer experience over the last 12 months.

The global social listening study identified some of the key trends within the shopping and retail space, in order to provide retailers with stronger insights and understanding of their audience. Key findings from the study indicated retailers are experiencing a shift in consumer expectations, requiring new and richer experiences, which will enable consumers around the world to shop at the ‘speed of life.

MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services. It also offers value-added services, such as loyalty and reward programs, and information and consulting services.

Public Service Enterprise Group Inc. (NYSE:PEG)’s shares dropped -2.57% to $38.36.

PennEast Pipeline Company LLC (PennEast) declared awards of $50,000 through its Community Connector Grant Program, bringing the program’s investment in Pennsylvania and New Jersey communities to $240,000 to date.

Projects benefitting from the Community Connector Program comprise: a rain garden for sedimentation control; funding for environmental educational programs; and hydraulic rescue equipment, to name a few. The following area not-for-profit organizations have been selected to receive the grants:

  • Carbon County Environmental Center
  • Dimmick Memorial Library (Jim Thorpe, PA)
  • Franklin Township Volunteer Fire Company (Lehighton, Pa.)
  • Lehigh Township Emergency Administration
  • Lehigh Township Volunteer Fire Company #1
  • Lehighton Shade Tree Commission
  • Penn Kidder Library Center
  • Quakertown Volunteer EMS (Pittstown, NJ)

Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.

At the end of Friday’s trade, Flextronics International Ltd. (NASDAQ:FLEX)‘s shares dipped -2.09% to $10.29.

Flex (FLEX) declared recently that it will take part in the following events during the month of September. Live webcasts of all three conferences will be accessible on the Investor Relations section of the Flex website at: http://www.flextronics.com/investors.

2015 Citi Global Technology Conference
Date: September 9, 2015
Location: New York, NY
Presentation time: 12:30pm PT/3:30pm ET
Presenters: Flex Administration Team
2015 Deutsche Bank Technology Conference
Date: September 16, 2015
Location: Las Vegas, NV
Presentation time: 2:00pm PT/5:00pm ET
Presenters: Flex Administration Team
2015 Citi Industrials Conference
Date: September 17, 2015
Location: Boston, MA
Presentation time: 11:00am PT/2:00pm ET
Presenters: Flex Administration Team

Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.

American Capital Ltd. (NASDAQ:ACAS), ended its Friday’s trading session with -0.36% loss, and closed at $13.65.

American Capital, Ltd. (ACAS) (“American Capital” or the “Company”) declared recently that an associate, ACAS CLO 2015-2, Ltd. (“ACAS CLO 2015-2”), has closed on the sale of $510 million of collateralized loan obligation (“CLO”) bonds. The transaction was arranged by Wells Fargo Securities, LLC. ACAS CLO 2015-2 is externally managed by American Capital CLO Administration, LLC, which is a partner of American Capital Asset Administration, LLC, a wholly owned portfolio company of American Capital, for an annual base administration fee of 0.5% and up to 20% incentive fees, subject to performance hurdles.

ACAS CLO 2015-2 has invested the proceeds of the bonds primarily in broadly syndicated senior secured floating rate loans purchased in the primary and secondary markets. American Capital Asset Administration, LLC manages about $4.3 billion of loan and loan-related assets in eight American Capital CLOs, in the equity of about 65 third-party CLOs and American Capital Senior Floating, Ltd. (ACSF) as of June 30, 2015.

American Capital, Ltd. is a private equity and venture capital firm specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments. The firm seeks to invest in senior debt mezzanine, unitranche, and equity financing for buyouts of private equity firms and direct in private and public companies.

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