Month: June 2015

Falls Church, VA-based Northrop Grumman Corp. ’s NOC Technical Services segment recently won an U.S. air force contract valued at $401 million […]

America-based leading technology, engineering, procurement and construction company KBR, Inc. KBR has inked an alliance agreement with ‘green chemical technologies’ maker company, Exelus Inc. This deal will allow KBR to license the use of Exelus’ Solid Acid Catalyst (ExSact) for its Solid Acid Alkylation Technology (K-SAAT). […]

L-3 Communications Holdings Inc. LLL completed the proposed sale of its Marine Systems International (“L-3 MSI”) business to Wartsila Corporation for approximately $318 million (before selling and other transaction expenses). […]

On May 29, 2015, health insurer Cigna Corp. CI surged to a 52-week high of $145.33. […]

The deal that we have all been speculating on is finally done and we’ve come to know that the boards of both companies have approved. Altera shareholders are the only ones left to vote, but that’s just a formality considering the way its shares have soared recently. The acquisition that is expected to close later this year will be immediately accretive […]

Greif, Inc. ’s GEF shares dipped 10% since the company trimmed its fiscal 2015 earnings per share guidance to a new range of $1.65—$1.75 on May 28, citing recent results, expectations of lower volumes and gross margins for the company’s North American businesses, and the continuing impact of unfavorable foreign exchange rates. Compared to adjusted earnings of $2.36 in fiscal 2014, the current guidance reflects a drop of 26% to 30%. […]

ABM Parking Services, a part of business services provider ABM Industries Incorporated ABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA). Under this multi million dollar contract, ABM Parking Services will oversee 11,150 parking spaces across BNA's five parking facilities. The services provided by ABM will include parking management; shuttle transportation services, valet parking; consulting equipment procurement and layout of parking facilities and many other services. […]

U.S. energy giants Exxon Mobil Corp. […]

General Electric Company GE recently announced that its renewable energy business will supply a 2 megawatt (MW) solar system installation outside its factory in Middletown, NY with operations scheduled to begin in the fall of 2015. The ground-mounted solar installation will be done for President Container Group (PCG) – manufacturer of corrugated shipping containers. Per the agreement, General Electric aims to provide a solar solution, which includes site engineering, construction and installation, commissioning, spare parts and maintenance support. […]

According to media reports, Intel Corporation INTC has resumed negotiations to acquire Altera ALTR and could announce the agreement by next week. Last month, the deal came to a halt due to disagreement between the parties regarding the sale price. […]

A.M. Best reiterated the issuer credit ratings (ICR) of "bbb-" for Maiden Holdings, Ltd . […]

With the WWDC just a week away, rumors are swirling about the possibility of an Apple Music launch. You probably remember Apple’s AAPL 2014 acquisition of Beats Music, on which it spent $3 billion to jumpstart its music streaming service. […]

Leading German semiconductor company, Infineon Technologies AG IFNNY , has collaborated with global technology giant Google Inc.’s GOOG Advanced Technology and Projects group (“ATAP”). This tie-up is aimed at creating a sensing solution that can be utilized in a wide range of applications like wearables, Internet of things and automotives. […]

Brazilian state-run energy giant Petroleo Brasileiro S.A. or Petrobras PBR has confirmed the presence of light oil in the second well in Carcará area, situated in the ultra-deep waters in the Santos Basin. While drilling the new well, located at a water depth of roughly 5,820 meters, the largest integrated energy firm in Brazil discovered excellent quality oil of 31º API […]