On Friday, Manulife Financial Corporation (USA)(NYSE:MFC)’s shares declined -0.27% to $18.25.
Manulife Financial Corporation declared that its U.S. Division (John Hancock Financial) has successfully accomplished its formerly declared reinsurance transaction through which New York Life has assumed, on a reinsurance basis, a net 60 percent interest in John Hancock’s in-force participating life insurance closed block, which was written prior to John Hancock’s demutualization in 2000. John Hancock will continue to service the policies and there will be no change in contract terms or policyholder benefits as a result of the reinsurance.
The reinsurance transaction was declared on December 23, 2014, together with a contract under which John Hancock would acquire New York Life’s Retirement Plan Services (RPS) business. The acquisition of the Retirement Plans Services business closed on April 14, 2015.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
GrubHub Inc (NYSE:GRUB)’s shares dropped -0.06% to $31.64.
GrubHub Inc. (GRUB), the leading online and mobile food-ordering company, declared that it will host a conference call to talk about its second quarter financial results on Tuesday, July 28th, 2015, at 9:00 a.m. Central Time, following the release of the Company’s financial results. Matt Maloney, CEO, and Adam DeWitt, CFO will host the webcast.
GrubHub Inc., together with its auxiliaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects about 30,000 local restaurants with diners in about 800 cities. It operates GrubHub and Seamless Websites through grubhub.com and seamless.com.
At the end of Friday’s trade, Cree, Inc. (NASDAQ:CREE)‘s shares dipped -2.58% to $25.25.
Cree, Inc. (CREE) declared the Connected Cree® LED Bulb’s compatibility with market leader in home automation, SmartThings, which is part of the Samsung Global Innovation Center. The news comes just four months after the Connected Cree LED Bulb’s inaugural launch and reinforces its position as the most compatible connected LED bulb on the market.
The Connected Cree LED Bulb is the first smart LED bulb to deliver the combination of the lighting experience customers expect from Cree with industry-leading simplicity, multi-platform compatibility and affordability. Fully dimmable and controllable through the SmartThings app, the 60-watt replacement Connected Cree LED Bulb consumes 81 percent less energy and has a rated lifetime of 25,000 hours, backed by a three-year warranty. The bulb is accessible at The Home Depot® for just $14.97.
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company’s LED Products segment provides blue and green LED chips that are used in various applications, counting video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications.
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