Finances

At a meeting held in Rostov-on-Don and chaired by Russian President Vladimir Putin, the Presidium of the State Council of the Russian Federation discussed the issue of enabling Russian regions to develop their industrial potential

The Prudential Insurance Company of America (PICA) a Prudential Financial, Inc. company, and Scottish Widows Limited, a subsidiary of Lloyds Banking Group plc, agreed to their first-ever longevity reinsurance agreement. 

Marathon Petroleum Corp. (NYSE: MPC) today announced that it intends to issue a notice of redemption to redeem all of the $600 million outstanding aggregate principal amount of its 2.700%  senior notes due on Dec. 14, 2018.  

First Colebrook Bancorp, Inc. (OTCQX: FCNH), the bank holding company of Granite Bank, today announced its consolidated unaudited financial results for the twelve (12) months ended December 31, 2017.

California BanCorp, a San Francisco Bay Area business bank, today reported that profitability continues to accelerate, fueled by strong loan and deposit growth, a healthy net interest margin and growing operating efficiencies.  

Northway Financial, Inc. today reported net income for the year ended December 31, 2017 of $7.3MM, or $2.64 per basic common share, compared to $4.0MM, or $1.46 per basic common share for the year ended December 31, 2016.

The Sector is known to consist of stocks involved in the processing of raw materials, with a cyclical element that has formed above average historical volatility.