KBR, Inc. KBR secured an ammonia plant contract with Toyo Engineering Corporation (TOYO) for the Hindustan Urvarak and Rasayan Ltd (HURL) greenfield urea project situated in Gorakhpur, India. The company will deliver licensing and basic engineering design services under the contract. […]
CME Group Inc . CME has agreed to acquire NEX Group plc for £10 per share in a cash-stock deal. The transaction is expected to culminate in the second half of 2019, subject to closing conditions. […]
Although Wall Street had the best start to 2018 in more than three decades, things turned bitter to end the first quarter, with many sectors and stocks entering correction territory from their latest peak. With a day’s trading left, the S&P 500 is down 2.6% and on track for the worst quarter in two and a half years. A combination of factors like concerns over faster-than-expected rates hike, trade tensions, and the health of the technology sector pushed the Wall Street from deep green to red […]
Shares of United Continental Holdings, Inc. UAL have rallied 12.4% in the last six months, outperforming the Zacks Airline industry ’s gain of 7.9%. Let’s take a look into the factors responsible for the impressive price performance and see if the company can add new feathers to its cap. […]
Basic Fun! To Acquire Geoworld and Dr. Steve Hunters Brand of Authentic Paleontology and Geology Sets Geoworld Science Toys to Expand the Company’s Growing Uncle Milton STEM Business PR Newswire BOCA RATON, Fla., March 29, 2018 BOCA RATON, Fla. , March 29, 2018 /PRNewswire-PRWeb/ — Basic Fun!, the Florida -based toymaker behind brands such as Uncle Milton, K’NEX and CakePop Cuties, has entered into an agreement to acquire Geoworld’s toy manufacturing business and its related brand Dr. […]
Bell Media Buys Majority Interest in Pinewood Toronto Studios Canada NewsWire TORONTO, March 29, 2018 – Bell Media to expand its industry leading content production role with majority interest in 330,000 square foot purpose-built production lot in Toronto – To tweet this release: http://bmpr.ca/2IM1jy0 TORONTO , March 29, 2018 /CNW/ – Bell Media announced today it has entered into an agreement for its Bell Media Studios division to acquire a majority stake in Pinewood Toronto Studios, in partnership with Comweb Studio Holdings, Castlepoint, and the City of Toronto . Pinewood Toronto Studios is one of the largest purpose-built production studios in Canada and the preferred choice for domestic and international producers of film and TV content in Toronto . As a part of the transaction, Bell Media Studios Inc. […]
Rite Aid Corporation RAD successfully completed the transfer of all stores and related assets to Walgreens Boots Alliance Inc. WBA under its amended and restated asset purchase agreement. As of Mar 27, 2018, it transferred all 1,932 stores and related assets to Walgreens for net cash proceeds of $4.157 billion. […]
Manitex International, Inc. MNTX delivered fourth-quarter 2017 adjusted earnings of 5 cents per share, against the prior-year quarter’s loss of 10 cents per share. However, earnings missed the Zacks Consensus Estimate of 8 cents. […]
HubSpot Inc. HUBS has been a favorite with investors, courtesy of its rising share price and strong fundamentals. […]
The Dow experienced a volatile holiday-shortened week marked by steep gains and losses. Initially, the index increased after tensions over a possible trade war between the United States and China receded. Subsequently, however, tech stocks dragged the broader markets lower […]
GameStop Corp. GME reported fourth-quarter fiscal 2017 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. The company’s results were driven by Nintendo Switch’s stellar performance in the quarter. […]
Shares of Amazon.com, Inc. AMZN plunged 4.4% on Mar 28 and dipped a further 0.4% in the after-hours trade after President Trump expressed his dislike for the company’s business practices. As a result, the company has lost almost about $53 billion of its market value. […]
Alphabet Inc. ’s GOOGL self-driving car unit, Waymo, is making continuous efforts to increase its chances of becoming the leader in self-driving vehicles and also add fuel to push back the trail date against Uber. Waymo recently announced a partnership with U.K […]
CSRA Inc. CSRA recently met with rejection regarding the acquisition offer from CACI International Inc CACI , paving the way for General Dynamics’ GD $9.7 billion epic buyout offer. […]
Economic growth of a country is generally determined through its infrastructural developments, industrial growth, foreign trade relations, agricultural capacity, technological advancements and many more. The U.S. economy has exhibited impressive growth, with its Gross Domestic Product (GDP) rising roughly 9.5% in the past five years. […]
The U.S. Government’s recent move of imposing 25% tariff on imported steel and 10% on imported aluminum has spurred concerns among investors about certain U.S. sectors, particularly construction — which relies heavily on steel and aluminum for raw material […]
Unisys Corporation UIS announced a new Advanced Endpoint Protection solution, which aims to help organizations by protecting them from advanced cyber threats with the help of artificial intelligence (AI) threat prevention measures. The inclusion of Unisys Stealth micro segmentation software provides organizations with the ability to hide critical assets and create virtual secure perimeters. The company’s security solutions combine experienced consulting, advanced products and managed services for the entire security lifecycle from prediction and prevention to detection of rapidly evolving cyber threats. […]
It was a week that saw major auto companies undertaking initiatives to enhance their position in the pickup segment as well as planning to lower sedan production. In fact, these two strategies are not conflicting at all. As conventional compact and mid-size cars have started to lose favor among customers and demand for SUVs and pickup trucks has increased, automakers have started to reorient their programs and strategies. […]
MasTec Completes Existing Common Stock Repurchase Plan and Authorizes an Additional $100 Million Share Repurchase Plan PR Newswire CORAL GABLES, Fla., March 29, 2018 CORAL GABLES, Fla., March 29, 2018 /PRNewswire/ — MasTec, Inc. (NYSE: MTZ) today announced that it has completed its previously authorized $100 million common stock repurchase plan and its Board of Directors has authorized the repurchase of up to an additional $100 million of MasTec common stock. Jos Mas, MasTec’s CEO, commented, “MasTec’s share repurchase activity, and the newly expanded share repurchase authorization, reflect our commitment to generate long-term value for our shareholders […]
Meredith Corporation To Sell Meredith Xcelerated Marketing To Accenture PR Newswire DES MOINES, Iowa, March 29, 2018 DES MOINES, Iowa , March 29, 2018 /PRNewswire/ — Meredith Corporation (NYSE: MDP; meredith.com ) announced today that it has entered into an agreement to sell Meredith Xcelerated Marketing (MXM) to Accenture. “MXM has been an important contributor to Meredith’s business over the years, and we are very proud of the groundbreaking work our employees have accomplished,” said Tom Harty , President and CEO of Meredith Corporation. “However, given our recent acquisition of Time Inc […]
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