8:02 am Sky-mobi announces strategic partnership with China Telecom (CHA); will provide customized software for physical stores (MOBI) :
Co announced that it, through its controlling subsidiary Mopin Technology Co., Ltd., has entered into a strategic partnership with E Surfing ("Tianyi"), China Telecom's mobile internet services platform.
Under the terms of the agreement, Sky-mobi has been designated as an official business partner with China Telecom to provide customized software services at China Telecom's network of physical stores nation-wide.
The cooperation spans a wide array of services which include mobile assistant services, product introduction and installation, operational support and data analytics, as well as software tutorials for China Telecom's sales staff
MGIC Investment expects would meet requirements of draft PMIERs
As of June 30, MGIC Investment had approximately $515M of cash and investments, a portion of which we believe may be available for future contribution to MGIC. Furthermore, there are regulated insurance affiliates of MGIC that have approximately $100M of assets as of June 30. "We expect that, subject to regulatory approval, we would be able to use a material portion of these assets to increase the Available Assets of MGIC. Additionally, if the Draft PMIERs become effective in their current form, we would consider seeking additional reinsurance and/or non-dilutive debt capital to mitigate the shortfall. For these reasons, we believe we will be able to use a combination of the alternatives outlined above, so that MGIC expects it would meet the requirements of the Draft PMIERs even if they become effective in their current form," the company said.
Boardwalk Pipeline Partners (BWP) Tops Q2 EPS by 8c
6:17 AM ET, 08/04/2014 - Street Insider
Boardwalk Pipeline Partners (NYSE: BWP) reported Q2 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $293.4 million versus the consensus estimate of $261.09 million.
It is all good
The team over at Morgan Stanley believes Melco could see sequential improvements in the third quarter as the renovation of a premium mass area comes to a close.
Additionally, the team noted that Melco is the only gaming operator seeking growth outside of Macau and is scheduled to open City of Dreams Manila in the fourth quarter of 2014.