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Sunday 7 June 2015
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Pre-Market News Analysis on: Markwest Energy Partners LP (NYSE:MWE), Trinity Industries Inc (NYSE:TRN), Radian Group Inc (NYSE:RDN), Comerica Incorporated (NYSE:CMA)

On Thursday, Shares of Markwest Energy Partners LP (NYSE:MWE), lost - 2.27% to $ 61.01.

Markwest Energy Partners, declared that its formerly declared cash tender offers expired at 5:00 p.m. New York City time on June 3, 2015.

MarkWest anticipates to accept for payment all notes validly tendered and not validly withdrawn as of the expiration time of the tender offers, and MarkWest anticipates to make payment for these notes later recently. Settlement for any notes delivered in accordance with the guaranteed delivery procedures and accepted for payment will be made on June 8, 2015.

MarkWest Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil.

Shares of Trinity Industries Inc (NYSE:TRN), declined - 1.07% to $ 30.37, during its last trading session.

Trinity Industries, declared that it has renewed and extended its unsecured corporate revolving credit facility through May 2020. The facility was formerly planned to mature in October 2016. The size of the facility was also raised from $425 million to $600 million. Costs associated with this renewal were comprised of in the Company’s most recent earnings guidance.

Trinity Industries, headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses which provide products and services to the energy, transportation, chemical and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Administration Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group.

Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services.

At the end of Thursday’s trade, Shares of Radian Group Inc (NYSE:RDN), lost - 0.94% to $ 17.98.

Radian Group, declared that Suzanne Singer has joined the company as senior managing director of business development.

In this position, Singer will be responsible for expanding Clayton’s customer base and developing and executing planned initiatives with Clayton’s parent company, Radian Group Inc. She will report directly to Tom Donatacci, Clayton’s executive vice president of sales and marketing.

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.The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, in addition to facilitates the sale of these mortgage loans in the secondary mortgage market.

Finally, Comerica Incorporated (NYSE:CMA), ended its last trade with -0.42% loss, and close at $ 50.01.

Comerica Bank’s Michigan Economic Activity Index reduced in March, losing 0.8 percentage points to reach a level of 117.8. March’s reading is 44 points, or 60 percent, above the index cyclical low of 73.8. The index averaged 117.6 points for all of 2014, three and three-tenths points above the index average for 2013. February’s index reading was 118.6.

The Texas Economic Activity Index comprises of eight variables, as follows: nonfarm payrolls, exports, hotel occupancy rates, ongoing claims for unemployment insurance, housing starts, sales tax revenues, home prices, and the Baker Hughes rotary rig count. All data are seasonally adjusted, as necessary, and indexed to a base year of 2008. Nominal values have been converted to constant dollar values. Index levels are expressed in terms of three-month moving averages.

Comerica Incorporated, through its auxiliaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Administration.

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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.

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