Machinery company Xylem Inc ’s XYL shares scaled a new 52-week high of $55.68 during its trading session on Jun 30. This improved upon the last 52-week high of $55.45 a day earlier. […]
Health insurer, Aetna Inc. AET will move out of its Hartford, CT headquarters to New York City. […]
On Jul 3, we issued an updated research report on waste removal services provider, Waste Connections, Inc. WCN . […]
Nokia Corporation NOK has announced plans to supply an LTE Network in the 700 megahertz spectrum band to Shanghai Oriental Pearl Group (a broadcasting, media, manufacturing and real estate company). The deployment will transform the Hongkou district of Shanghai through an array of smart city services. Nokia will provide advanced wireless communications based on FDD-LTE technology for smart city as well as public safety applications. […]
Iconix Reduces Debt by $362 Million and Completes the Sale of the Entertainment Segment PR Newswire NEW YORK, July 3, 2017 NEW YORK , July 3, 2017 /PRNewswire/ — Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”), today announced a substantial reduction of its debt in conjunction with the completion of the previously reported sale of its entertainment segment for $345 million in cash, subject to customary working capital adjustments. The sale of the entertainment segment included the Company’s 80% interest in the Peanuts brand and 100% interest in the Strawberry Shortcake brand. […]
2U, Inc. Closes Acquisition of GetSmarter PR Newswire LANHAM, Md. […]
KeyBank National Association Closes Acquisition of HelloWallet From Morningstar, Inc. PR Newswire CLEVELAND, July 3, 2017 CLEVELAND , July 3, 2017 /PRNewswire/ — KeyCorp (NYSE: KEY) today announced it has closed the acquisition of HelloWallet, an industry-leading personal finance software platform, from Morningstar, Inc. […]
Spherix Inc. Announces Closing of the Deal with Hoth Therapeutics Spherix Incorporated Acquires 6,800,000 shares of Hoth Therapeutics PR Newswire NEW YORK, July 3, 2017 NEW YORK , July 3, 2017 /PRNewswire/ — Spherix Incorporated (NASDAQ: SPEX) reported today, following the disclosure made June 20 th 2017, that the Company has closed the transaction with Hoth Therapeutics. […]
Brazil oil giant Petroleo Brasileiro S.A. , aka Petrobras PBR recently announced that its board of directors have approved to review fuel prices more frequently to compete with private importers. The company will now adjust the domestic gasoline and diesel prices on a daily basis, effective Jul 3. […]
Eastman Chemical ’s EMN stock looks promising at the moment. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. […]
Defense major Lockheed Martin Corp. ’s LMT business unit, Sikorsky Aircraft, recently secured a contract for multi-year production of Black Hawk helicopters. Details of this Deal Valued at $3.8 billion, this foreign military sales (FMS) contract to Saudi Arabia was awarded by the Army Contracting Command, Redstone Arsenal, AL […]
U.S. Steel X said that it has finalized an agreement for the sale and transition of ownership of its Canadian unit – U.S. […]
Nordstrom Inc. ’s JWN announcement to close a full-line store in Dulles is not very surprising amid a market scenario where most department store chains are struggling due to store and mall traffic trends along with a tough retail landscape. However, this department store retailer has always been keen on store expansion, and closed only one store in 2016 […]
If you have to isolate profit-churners from profit-burners, return on equity will come across to you as one of the most appropriate metrics. It is a profitability ratio that measures the earnings that a company generates from its equity. But ROE doesn’t tell the complete story and an investor might get fooled by picking stocks based on this number […]
Holding on to stocks with solid growth potential is a prudent move on the part of investors looking for solid returns. One such stock is the sporting goods retailer, Big 5 Sporting Goods Inc. […]
Roskill Acquires the Business of Heinz H. Pariser Alloy Metals and Steel Market Research PR Newswire LONDON, July 3, 2017 LONDON , July 3, 2017 /PRNewswire/ — The Roskill group is pleased to announce that as of July 1st 2017, it has acquired the business of Heinz H. Pariser Alloy Metals and Steel Market Research, with the new business to be known as Roskill Pariser. […]
Bankrate to Be Acquired by Red Ventures for $14.00 per Share Transaction to Enhance Connectivity between Financial Services Providers and Consumers Transaction Enterprise Value of $1.4 Billion PR Newswire NEW YORK and CHARLOTTE, N.C., July 3, 2017 NEW YORK and CHARLOTTE, N.C. , July 3, 2017 /PRNewswire/ — Bankrate (NYSE: RATE), a leading online publisher, aggregator, and distributor of personal finance content, today announced that it has entered into a definitive agreement to be acquired by Red Ventures, a leading digital consumer choice platform, in an all-cash transaction that values Bankrate at an enterprise value of approximately $1.4 billion . Under the terms of the merger agreement, Bankrate shareholders will receive $14.00 per share in cash, which represents a premium of approximately 31 percent over Bankrate’s three-month average closing share price […]
MRV Communications, Inc. Announces Agreement to be Acquired by ADVA Optical Networking PR Newswire CHATSWORTH, California and MUNICH, July 3, 2017 CHATSWORTH, California and MUNICH , July 3, 2017 /PRNewswire/ — MRV Communications, Inc. […]
Enterprise Products Partners L.P. EPD announced that it is boosting the capacity of its cryogenic natural gas processing facility, currently under construction near Orla, TX in Reeves County by 300 million cubic feet per day (MMcf/d). […]
Statoil ASA STO has been assigned the task of assessing the development of carbon storage on the Norwegian continental shelf (NCS) by Gassnova. It will be the first storage site in the world receiving CO2 from numerous industrial sources. The Norwegian authorities aim to develop full-scale carbon capture and storage in Norway and this storage project is in line with it […]
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