Shares of MGIC Investment(MTG) sank in late trades on Friday after the financial holding company gave a $200 million cash infusion to its private mortgage insurance operation, Mortgage Guaranty Insurance Corporation (MGIC). "The additional capital contribution is an important step in enabling the company to further support its policyholders and the US housing market by continuing to write new insurance on a nationwide basis," Curt Culver, CEO and chairman of MGIC and its parent company MGIC Investment, said in a statement. The $200 million capital infusion allows MGIC to meet regulatory capital requirements in Wisconsin, according to the statement, and MGIC remains an eligible insurer for both Fannie Mae and Freddie Mac.The stock slid 15% in after-hours trading on volume of more than 143,000 according to Nasdaq.com, shedding 54 cents from its share price, to $3.19.Verizon Shares of Verizon(VZ) saw activity in the extended session after the telecommunications company announced late in the trading day that it would not institute a $2 fee for online and telephone payments. On Thursday, Verizon outlined plans to begin charging the $2 fee to consumers, but an immediate backlash from consumers forced Verizon to back down. "At Verizon, we take great care to listen to our customers. Based on their input, we believe the best path forward is to encourage customers to take advantage of the best and most efficient options, eliminating the need to institute the fee at this time," Dan Mead, president and CEO at Verizon, said in a statement.Verizon is not the first company to back down this year from a proposed service fee after customer outrage. Bank of America(BAC) made a similar move earlier in the year when customers objected to a planned $5 monthly debit fee. Verizon shares remained unchanged at $40.12 on volume of more than 244,000. Eastman Kodak Shares of Eastman Kodak(EK) fell in late trading after the company announced Laura Tyson, a professor at the Walter A. Haas School of Business at the University of California, Berkeley and a member of President Obama's Council on Jobs and Competitiveness, resigned from the board of directors without disclosing a reason. Kodak has been on bankruptcy watch since the fall when reports surfaced that the company had hired restructuring advisors. Kodak has denied that it will seek bankruptcy protection.Kodak shares declined 3% to 63 cents on light volume of 16,000 shares.
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