On Monday, General Growth Properties Inc (NYSE:GGP)’s shares declined -1.62% to $26.66.
General Growth Properties, Inc. (GGP) will report financial and operational results for the second quarter 2015 after the close of business on Monday, August 3, 2015, and host a conference call for investors and other interested parties at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, August 4, 2015. The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of the company’s website at www.ggp.com.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
MBIA Inc. (NYSE:MBI)’s shares gained 4.33% to $9.39.
National Public Finance Guarantee Corporation (National), an indirect partner of MBIA Inc. (MBI), declared that Thomas M. Metzold will join the company as Managing Director and Head of Capital Markets in early August. In this newly created position, Mr. Metzold will be responsible for leading National’s secondary markets business and for coordinating the firm’s outreach to buy and sell-side municipal bond trading desks. Mr. Metzold joins National following a 28-year career at Eaton Vance Administration, where he was a Senior Municipal Portfolio Advisor and portfolio manager for about $5.5 billion of municipal assets.
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.
At the end of Mondays trade, New Residential Investment Corp (NYSE:NRZ)‘s shares dipped -0.03% to $16.11.
New Residential Investment Corp (NRZ) reached an underwriting agreement (the “Underwriting Agreement”), among the Company, FIG LLC, the Company’s manager (the “Manager”), Fortress Operating Entity I LP (“FOE I”) and the other selling stockholders named therein (the “Individual Selling Stockholders” and, together with FOE I, the “Selling Stockholders”), Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the “Underwriters”). The following summary of certain provisions of the Underwriting Agreement is qualified in its entirety by reference to the complete Underwriting Agreement filed as Exhibit 1.1 hereto and incorporated herein by reference.
Following the Underwriting Agreement, subject to the terms and conditions expressed therein, (i) the Company agreed to sell to the Underwriters an aggregate of 27,935,389 shares of the Company’s common stock and (ii) the Selling Stockholders, severally but not jointly, agreed to sell to the Underwriters an aggregate of 3,550,757 shares of the Company’s common stock, at a price of $15.88 per share. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 4,722,921 shares of common stock at a price of $15.88 per share. The shares of common stock are being sold following a prospectus supplement, dated June 9, 2015, and related prospectus, dated May 16, 2014, each filed with the Securities and Exchange Commission, regarding the Company’s automatic shelf registration statement on Form S-3 (File No. 333-196060).
New Residential Investment Corp., a real estate investment trust (REIT), focuses on investing in and managing residential mortgage related assets. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, counting the basic fee component of the related MSRs.
Apache Corporation (NYSE:APA), ended its Monday’s trading session with 1.77% gain, and closed at $57.54.
Apache Corporation (APA) declared that after a 21-year career with the company, Rodney J. Eichler, executive vice president and executive advisor to the chief executive officer, will retire at the end of June.
Eichler joined the company in 1993 as regional exploration and development manager for the Rocky Mountain region in Denver and was promoted in 1996 to regional vice president for the Western Region in Houston. He moved to Egypt in 1997 as the vice president of Exploration and Production and became the regional vice president in 1999. He served in Egypt for 12 years before returning to Houston as the co-chief operating officer and president – International. In 2011, he was promoted to president and chief operating officer where he served for two years before taking on the role of chief executive officer - Kitimat LNG (Upstream) until the company’s LNG interests were sold in April 2015.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada. The company also operates assets in Egypt, Australia, and offshore the United Kingdom in the North Sea.
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