On Wednesday, Radian Group Inc (NYSE:RDN)’s shares inclined 0.54% to $18.68.
Radian Group Inc (RDN) declared that it has commenced an underwritten public offering of $300 million aggregate principal amount of its senior unsecured notes due 2020 (the “Offering”). Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are acting as the book-running managers for the Offering. The Offering is subject to market conditions, and there can be no assurance as to whether the Offering will be accomplished, or as to the actual size or terms of the Offering.
The Company intends to use the net proceeds from the Offering, together with shares of its common stock, to purchase some of its outstanding 2017 Convertible Notes and thereafter, to repurchase some of the common stock the Company may issue in connection with such purchases, and otherwise for general corporate purposes.
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). 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. It offers primary mortgage insurance coverage on residential first-liens. This segment primarily serves mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions, and community banks.
Nike Inc (NYSE:NKE)’s shares gained 0.18% to $104.75.
Nike Inc (NKE) plans to release its fourth quarter fiscal 2015 financial results on Thursday, June 25, 2015, at about 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE administration will host a conference call starting at 2:00 p.m. PT to review results.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, including running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
At the end of Wednesday’s trade, HSBC Holdings plc (ADR) (NYSE:HSBC)‘s shares surged 0.13% to $46.71.
HSBC Holdings plc (ADR) (HSBC) has appointed trade veteran Inwha Huh as Head of Global Trade and Receivables Finance (GTRF), US and Canada, effective June 23, 2015. Inwha will be responsible for leading and managing GTRF activities across the United States and Canada for Commercial and Global Banking clients.
Inwha joins HSBC from GE Capital, where she established the Capital Markets practice as Managing Director and Head of Global Business Development & Capital Markets. Prior to this, Inwha held a variety of roles in trade finance and commercial banking in the U.S., UK and Asia. She will report jointly to Stuart Tait, Global Head of GTRF, and Wyatt Crowell, Senior Executive Vice President and Head of Commercial Banking, HSBC Bank USA.
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. The company’s Retail Banking and Wealth Administration business offers a range of personal banking products and services, counting current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth administration services comprising insurance and investment products, asset administration services, and financial planning services.
Dollar General Corp. (NYSE:DG), ended its Wednesday’s trading session with 0.05% gain, and closed at $77.80.
Dollar General Corporation (DG) declared that Jeff Owen will rejoin the Company as executive vice president of store operations which was affected on June 15, 2015. Owen formerly spent more than 20 years with Dollar General where his most recent role was senior vice president of store
Owen began his career at Dollar General in 1992. He served as a store manager with progression through various roles of increasing responsibility. From August 2011 until July 2014, he was senior vice president of store operations leading nearly 5,000 stores and 40,000 employees. Prior to August 2011, Owen served as vice president, division manager. From November 2006 to March 2007, he served as retail division manager. Prior to November 2006, he was senior director, operations process improvement operations.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables comprising of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which comprise pet supplies and pet food; and tobacco products.
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