On Friday, Old Republic International Corporation (NYSE:ORI)’s shares surged 2.20% to $15.30, as Old Republic International will hold a conference call on Thursday, April 23, at 3:00 p.m. Eastern Time to talk about first quarter 2015 results. The call can be accessed live on Old Republic’s website at www.oldrepublic.com, or on a listen-only phone line at 888-572-7034.
Old Republic International Corporation, through its auxiliaries, engages in the insurance underwriting and related services business primarily in the United States and Canada.
Scorpio Tankers Inc. (NYSE:STNG)’s shares gained 2.14% to $9.55, during the last trading session on Friday, as on April 2, Scorpio Tankers declared that it has recently taken delivery of three new building vessels.
The Company recently took delivery of the following vessels:
- STI Pontiac, an MR product tanker, was delivered from Hyundai Mipo Dockyard of South Korea in March 2015. Upon delivery, this vessel began a time charter for up to 120 days at about $18,200 per day.
- STI Manhattan, an MR product tanker, was delivered from SPP Shipbuilding of South Korea in March 2015. Upon delivery, this vessel began a time charter for up to 120 days at about $19,600 per day.
- STI Winnie, an LR2 product tanker, was delivered from Daewoo Shipbuilding and Marine Engineering in March 2015. Upon delivery, this vessel began a voyage for 55 days at about $33,500 per day.
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide. As of March 31, 2015, it owned 67 tankers comprising 11 LR2 tanker, 2 LR1 tankers, 15 Handymax tankers, 39 MR tankers with an average age of 1.1 years; and time charters-in 20 product tankers, counting 5 LR2, 5 LR1, 3 MR, and 7 Handymax tankers. The company was founded in 2009 and is based in Monaco, Monaco.
At the end of Friday’s trade, Computer Sciences Corporation (NYSE:CSC)’s shares gained 2.11% to $65.85. as a global leader in next-generation IT services and solutions, has been selected by the Swedish utility company Vattenfall to build and deliver a next-generation IT workplace environment as part of Vattenfall’s core business strategy. Network and communication services, delivered seamlessly through CSC’s planned global alliance with AT&T (NYSE:T), will comprise the innovative workplace offering CSC MyWorkStyle. The contract is for a five-year period with two one-year extension options and serves about 30,000 end users across Vattenfall’s business locations in seven countries.
CSC is well known for outsourcing that involves personnel transfer. As part of this contract, it is planned that Vattenfall will transfer a number of operational personnel to CSC and AT&T.
Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments.
Finally, The Blackstone Group L.P. (NYSE:BX), ended its Friday’s trading session with 2.09% gain, and closed at $40.02, hitting its highest level, after a publicly owned investment manager, and Wells Fargo (WFC) declared that they had signed contracts to purchase most of the assets of GE Capital Real Estate in a transaction valued at about $23 billion.
The transaction breaks down as follows:
- Wells Fargo has agreed to purchase performing first mortgage commercial real estate loans valued at $9.0 billion in the United States, UK and Canada.
- Blackstone’s latest flagship global real estate fund, BREP VIII, has agreed to purchase the US equity assets for $3.3 billion. These assets are primarily office properties in Southern California, Seattle and Chicago.
- Blackstone’s European real estate fund, BREP Europe IV, has agreed to purchase the European equity real estate assets, for €1.9 billion. These comprise of office, logistics and retail assets, largely in the UK, France and Spain. The logistics assets will be integrated into Blackstone’s European logistics platform, Logicor, and the retail assets into its European retail platform, Multi.
- BREDS, Blackstone’s real estate debt fund, has agreed to purchase performing first mortgage loans in Mexico and Australia for $4.2 billion.
- BXMT, Blackstone’s publicly traded commercial mortgage REIT, has agreed to purchase a $4.6 billion portfolio of first mortgage loans primarily in the US with Wells Fargo providing the financing.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
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