Month: October 2017

Parker Aerospace, a business unit of Parker-Hannifin Corporation PH , has inked a long-term agreement with Lufthansa Technik for the maintenance, repair, and overhaul (“MRO”) services of Airbus A350 components. The deal includes the majority of repairable components for the A350 fuel, hydraulic and fuel tank inerting systems. The collaboration will help increase component and systems reliability and diminish related maintenance costs for airline customers globally […]

PPG Industries PPG provided an update on the impact of the recent natural disasters on its operations and also issued its third-quarter guidance. The recent hurricanes that originated in the Atlantic Ocean and the earthquakes that occurred in Mexico impacted employees in Texas, Florida and the adjacent states, Mexico, Puerto Rico and other parts of Caribbean. […]

Per a Wall Street Journal report, Toyota Motor Corporation TM is going to start a new venture with Mazda Motor Corp for the development of electric vehicles (“EV”). This move is in sync with the new strategy adopted by carmakers to increase focus on electrified vehicles. […]

Ushering in good news for pay-TV subscribers across New York metropolitan area, The Walt Disney Company DIS and cable operator Altice USA have reached a preliminary programming agreement that will avoid blackout of ABC, ESPN and the Disney Channel. Per media report, both the companies have extended the deadline to finalize the terms and conditions of the deal. Earlier, Disney had warned that the company might withdraw its channels from Altice’s Optimum cable-TV service if the negotiation fails to reach a suitable conclusion […]

U.S. energy giant Chevron Corporation CVX recently announced plans to appoint Michael K. […]

Satellite TV operator DISH Network Corp. DISH has become the first pay-TV operator to offer a whole-home 4K programming services of Netflix Inc. NFLX via its Hopper 3 DVRs. […]

Masimo Corporation MASI recently announced the full-market release of RAS-45, a single use adhesive respiration sensor for rainbow acoustic monitoring (RAM) of respiration rate. The launch is expected to strengthen the company’s foothold in the growing global respiratory care market. […]

U.S. Silica Holdings, Inc. SLCA said that it intends to construct a second frac sand mine and plant in West Texas to cater the fast-growing Permian Basin. […]

Alleghany Corporation ’s Y Long-Term Issuer Credit Ratings (ICRs) and the Long-Term Issue Credit Ratings (Long-Term IRs) of “a-” has recently been reiterated by A.M. Best. The credit rating agency also retained the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Transatlantic Reinsurance Company and its affiliates (collectively referred to as TransRe) […]

Recently, Northern Trust Corporation NTRS completed the acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland. In order to expand presence in Luxembourg and provide fund administration service in Switzerland, Northern Trust had entered into the deal with UBS Group AG UBS in February 2017. […]

Ameriprise Financial, Inc. ’s AMP Long-Term Issuer Credit Rating has been affirmed at “a-” by A.M. Best […]

Invesco Ltd. IVZ has agreed to acquire the exchange-traded funds (ETF) business of Guggenheim Partners LLC for $1.2 billion. The deal, which is expected to be completed by the second quarter upon receiving necessary third-party approvals, will be funded using cash and debt […]

Merck & Co., Inc. MRK announced that it is discontinuing further development of two of its next-generation hepatitis C (HCV) programs — MK-3682B and MK-3682C — as the market is becoming extremely crowded. MK-3682B was an all-oral, triple combination regimen (3682/uprifosbuvir, in combination with grazoprevir and ruzasvir1) developed for the treatment of chronic HCV infection […]

The 2nd U.S. Circuit Court of Appeals in New York has rescinded the appeal filed by two of the world’s biggest banks — Nomura Holdings, Inc. NMR and The Royal Bank of Scotland Group plc RBS — to overturn a settlement agreed in 2015 […]