Transamerica Parent Makes US Deal
DOL Wont Delay June 9 Fiduciary Rule Compliance Date: Acosta
Distributions Out of a Cash Value Life Insurance Policy
A change added to the big health bill that the House passed May 4 could shut about one-sixth of U.S. sick people out of the individual major medical market, and push some of those sick people into employer-sponsored health plans, according to budget analysts at the Congressional Budget Office and the Joint Committee on Taxation.
The budget analysts have included those predictions in a review of the current version of H.R. 1628, the American Health Care Act bill. The underlying bill would replace the current Affordable Care Act health insurance premium tax credit system, eliminate coverage mandates for employers and individuals, and repeal taxes created by the health law.
Top 5 Value Stocks For 2018: FMC Technologies, Inc.(FTI)
- [By Matthew DiLallo]
Following a series of M&A announcements in the oilfield-services sector since the onset of the oil market downturn, French oil-field service company Technip and U.S. oilfield equipment company FMC Technologies (NYSE:FTI) hooked up in an all-stock deal valuing the combined company at $13 billion. Shareholders of each company will own 50% of the combined entity, to be named TechnipFMC, which implies a roughly $6.5 billion acquisition valuation for each entity. The transaction, which should close early next year, will “combine Technip’s innovative systems and solutions, state-of-the-art assets, engineering strengths, and project management capabilities with FMC Technologies’ leading technology, manufacturing, and service capabilities.” Further, it should save $400 million in annual costs by 2019. Moreover, it will enable the combined company to compete better against larger oil-field service rivals Baker Hughes (NYSE:BHI), Halliburton (NYSE:HAL), and Schlumberger (NYSE:SL B), which have all gained strength during the downturn either through M&A activities or cost savings initiatives.
Top 5 Value Stocks For 2018: Callon Petroleum Company(CPE)
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday’s regular session.
Top 5 Value Stocks For 2018: ServiceMaster Global Holdings, Inc.(SERV)
- [By Lee Jackson]
ServiceMaster Global Holdings Inc. (NYSE: SERV) had its top executive selling shares last week. CEO Robert Gillette sold a total of 343,750 shares at prices that ranged from $36.00 to $36.86 apiece. The total for the sale was about$13 million.The company provides residential and commercial services in the United States, and its shares traded onFriday at $35.50.
Top 5 Value Stocks For 2018: iShares US Regional Banks (IAT)
- [By Keith Fitz-Gerald]
If you’re not comfortable with a single stock, I understand. In that case, consider a regional banking ETF like iShares U.S. Regional Banks ETF (NYSEArca:IAT), which holds positions in 54 regional banks around the country. You won’t get quite the pop of an individual acquisition but, chances are, you won’t lose out either.
Top 5 Value Stocks For 2018: Capstead Mortgage Corporation(CMO)
- [By Amanda Alix]
As the spread between short-term and long-terminterest rates began to contract, strangling profits, competition for MBSes also caused prices to rise. Other agency mREITs were nervous, too. CYS Investments (NYSE: CYS ) noted at the time that QE3 turned the Federal Reserve into the sector’s biggest rival for mortgage bonds, and as spreads began to shrink, so did dividends. By December of last year, Annaly, Armour, and Capstead Mortgage (NYSE: CMO ) had all trimmed their payouts.