Month: February 2014

General Electric Company ( GE ) recently announced the introduction of the 2.85-103 wind turbines for resource-constrained areas in Japan. These wind turbines can generate high power output with a power capacity of 2.85-megawatt and 103-meter diameter rotors. […]

CarMax Inc. ( KMX ) announced that it will recruit 1200 workers in the U.S. for positions in sales, service, purchasing and business office. […]

U.S. energy firm Apache Corp. ( APA ) announced that it plans to invest $8.5 billion in exploration and production activities in 2014 […]

Shares of Tutor Perini Corporation ( TPC ) have gained 10% since the company reported a 3% year-over-year increase in its fourth-quarter adjusted earnings to 68 cents per share and a 23% improvement in 2013 earnings to $1.80 on Feb 24. The results were ahead of the respective Zacks Consensus Estimate of 61 cents for the fourth quarter and $1.72 for 2013. […]

On Feb 26, Zacks Investment Research downgraded management services provider FTI Consulting, Inc. ( FCN ) to a Zacks Rank #5 (Strong Sell) from a Zacks Rank #4 (Sell) primarily due to downward estimate revisions and a fall in the share price following its fourth quarter earnings release. […]

Ocwen Financial Corp. ( OCN ) is now braced with fresh trouble. This has led the mortgage servicers’ share price to plunge nearly 35% year-to-date, with a decline of 6.98% on Feb 26 itself […]

Sempra Energy ’s ( SRE ) adjusted fourth quarter 2013 earnings per share came in at $1.13, above the Zacks Consensus Estimate of 98 cents by 15.3%. The quarterly results also increased 4.6% from the year-ago adjusted profit of $1.08 per share mainly due to higher contributions from its energy-related businesses. Full year 2013 adjusted earnings were $4.18 per share, missing the Zacks Consensus Estimate of $4.39 […]

Energy infrastructure company, Williams Partners L.P. ( WPZ ) announced that it would acquire Williams Cos. Inc. […]

Valmont Industries, Inc. ( VMI ) has announced the appointment of Mark C. Jaksich as its new Vice President and Chief Financial Officer (CFO) […]

Steel giant ArcelorMittal ( MT ) has closed the acquisition of ThyssenKrupp Steel USA (TK Steel USA). ArcelorMittal, in Nov 2013, signed a 50-50 joint venture pact with Japan’s Nippon Steel & Sumitomo Metal Corporation ( NSSMY ) to acquire ThyssenKrupp’s 100% interest in TK Steel USA for $1.55 billion. Calvert, Alabama-based TK Steel USA is a steel processing plant that holds a total capacity of 5.3 million tons including hot rolling, cold rolling, coating and finishing lines. […]

Offshore drilling equipment maker, Dril-Quip, Inc. ( DRQ ) is slated to report fourth-quarter 2013 earnings on Mar 3, 2014. In the last quarter, the company beat the Zacks Consensus Estimate by a margin of 5.66%. […]