Mergers & Acquisitions

Bay Banks of Virginia Reports 1st Quarter 2017 Results

Bay Banks of Virginia Reports 1st Quarter 2017 Results PR Newswire RICHMOND, Va., April 28, 2017 RICHMOND, Va. , April 28, 2017 /PRNewswire/ — Bay Banks of Virginia , Inc. (OTCQB: BAYK) (the “Company”) reported a loss of $177,000 for the quarter ended March 31, 2017 compared to earnings of $524,000 for the same quarter in 2016. […]

Mergers & Acquisitions

Stagwell Media Acquires Leading Healthcare And Consumer Agency Scout

Stagwell Media Acquires Leading Healthcare And Consumer Agency Scout Continues to build a diverse portfolio of leading agencies PR Newswire WASHINGTON, April 28, 2017 WASHINGTON , April 28, 2017 /PRNewswire/ — The Stagwell Group ( http://www.stagwellgroup.com/ ) today announced its fund, Stagwell Media LLC has acquired SCOUT ( http://findscout.com ), a full-service marketing communications firm focused on healthcare and consumer marketing. SCOUT is a leader in the specialty pharmaceutical and rare disease space, as well a driving force in consumer marketing. “Adding SCOUT to our growing portfolio gives Stagwell a core platform in the competitive healthcare sector around which we can add even more capabilities,” said Mark Penn , Managing Partner and President of The Stagwell Group […]

Stock Analysts

Exxon Mobil (XOM) Beats on Q1 Earnings, Misses Revenues

Energy giant Exxon Mobil Corporation XOM posted strong first-quarter 2017 earnings. Increased realizations for liquids and gas as well as higher margin from the downstream business led to the outperformance. The company reported earnings of 95 cents per share, which beat the Zacks Consensus Estimate of 85 cents. […]

Stock Analysts

Goodyear (GT) Earnings, Revenues Beat Estimates in Q1

The Goodyear Tire & Rubber Company GT reported 2.8% increase in adjusted earnings per share to 74 cents in first-quarter 2017 from 72 cents recorded a year ago. Moreover, earnings surpassed the Zacks Consensus Estimate of 63 cents. Adjusted net income declined to $189 million from $195 million in first-quarter 2017. […]

Mergers & Acquisitions

FMAV Expands Corporate Event Production Capabilities with Addition of Ruoff & Company

FMAV Expands Corporate Event Production Capabilities with Addition of Ruoff & Company Canada NewsWire MISSISSAUGA, ON, April 28, 2017 MISSISSAUGA, ON , April 28, 2017 /CNW/ – FMAV, the largest Canadian-owned audiovisual company, today announced the acquisition of Ruoff & Company, an established leader in corporate audiovisual and event production. This move supports FMAV’s continued growth plans in the Canadian corporate events market. […]

Mergers & Acquisitions

Jazz welcomes Bearskin Airlines to its pilot pathway program

Jazz welcomes Bearskin Airlines to its pilot pathway program Canada NewsWire HALIFAX, April 28, 2017 Jazz Aviation Pathways Program celebrates 10 years. HALIFAX , April 28, 2017 /CNW/ – Jazz Aviation LP (“Jazz”) is pleased to announce that it has signed an agreement with Thunder Bay, Ontario -based Bearskin Lake Air Service LP (“Bearskin”) for the carrier to become the twelfth organization in the Jazz Aviation Pathways Program (“Jazz APP”). […]

Stock Analysts

Nabors (NBR) Misses on Q1 Earnings, Revenue Estimates

Drilling contractor Nabors Industries Ltd. NBR reported first-quarter 2017 adjusted loss from continuing operations of 49 cents per share, wider than the Zacks Consensus Estimate of a loss of 34 cents on Apr 26. Further, the reported loss was also wider than the year-ago adjusted loss of 29 cents per share. […]

Stock Analysts

Fortinet (FTNT) Q1 Earnings Beat, Revenue Growth Slows Down

Continuing with its upbeat performance for the third straight quarter, Fortinet Inc. FTNT yesterday reported strong results for first-quarter 2017, wherein revenues and earnings came ahead of the company’s expectations, and also surpassed the respective Zacks Consensus Estimate. Fortinet’s adjusted earnings per share (including stock-based compensation but excluding amortization of intangible assets) of 7 cents beat the Zacks Consensus Estimate of 2 cents […]

Stock Analysts

BP Plc (BP) Q1 Earnings: Is Disappointment in the Cards?

Leading integrated energy company BP plc BP is expected to report first-quarter 2017 earnings around May 2, before the opening bell. In the last reported quarter, the company posted a negative earnings surprise of 18.75%. However, over the last four quarters, the company had an average positive surprise of 42.86% […]

Mergers & Acquisitions

The Jordan Company Makes Strategic Investment In Wicks Group-backed Invo

The Jordan Company Makes Strategic Investment In Wicks Group-backed Invo PR Newswire NEW YORK, April 28, 2017 NEW YORK , April 28, 2017 /PRNewswire/ — Invo Healthcare Associates, LLC (“Invo”), announced that The Jordan Company (“TJC”), a private investment firm, has made a strategic investment in the company through an affiliate. The Wicks Group of Companies (“Wicks”) acquired a controlling interest in Invo from Post Capital Partners (“Post Capital”) in a transaction that closed on December 23 , 2016. The investment from TJC provides Invo with additional strategic and financial support as the company seeks to expand its leadership position in the behavioral health market. […]