Bridgestone HosePower Announces Acquisition of New Jersey-based Industrial Rubber Company Bridgestone will broaden its footprint to become one of the largest networks specializing in hose sales and service in the U.S. PR Newswire ORANGE PARK, Fla., May 31, 2018 ORANGE PARK, Fla. […]
A series of recalls continues to cast a pall over automakers around the globe. The latest recall involved Fiat Chrysler Automobiles N.V. FCAU . […]
General Dynamics Corporation ’s GD business unit, Bath Iron Works (BIW), has recently won a contract from the U.S. Navy to provide integrated planning yard services for DDG-51 and FFG-7 class ships. Work related to the deal is scheduled to be over by February 2019. […]
On Wednesday, at the 2018 Deutsche Bank Eighth Annual Global Financial Services Conference in New York, top executives of Bank of America BAC and Wells Fargo WFC hinted at the companies’ Q2 outlook. At the conference, Brian Moynihan — chief executive officer at BofA — stated that the company’s trading income is projected to be flat year over year in the second quarter, however things might turn around, depending on activities in June. Furthermore, the bank is likely to continue to benefit from disposing excess capital using share buybacks. […]
Shares of CSX Corporation CSX scaled a 52-week high of $65.93 on May 30, before retracing a bit to close the session at $65.64. The day’s closing price reflected an improvement of 2.6% over May 29’s close. We note that this S&P 500 member’s impressive performance was not limited to May 30 […]
Chevron Corporation CVX recently held its annual meeting, wherein its shareholders voted against two non-binding resolutions proposed to fight climate change. The outcome of the vote can upset the environment activists who are pressurizing the oil and gas companies to reduce their greenhouse gas emissions. But the last laugh is still up for grab […]
In a bid to expand into the Amsterdam market, Iron Mountain Inc. IRM has acquired the Dutch EvoSwitch data-center business. The company shelled out €205 ($235) million for this acquisition which involved the purchase of EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V. […]
"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."- Warren Buffett. At the moment, the quote fits perfectly for Papa John's International, Inc. PZZA as the company’s near-term future looks bleak. […]
Preferred Apartment Communities, Inc. Announces Acquisition of a Student Housing Community in Orlando, Florida PR Newswire ATLANTA, May 31, 2018 ATLANTA , May 31, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. […]
Lassonde Industries completes the acquisition of U.S.-Based Old Orchard Brands Canada NewsWire ROUGEMONT, QC, May 31, 2018 ROUGEMONT, QC, May 31, 2018 /CNW Telbec/ – Lassonde Industries Inc. (TSX: LAS.A) (“Lassonde”) completed the previously announced acquisition of Old Orchard Brands, LLC, a fruit juice and beverage manufacturing company based in Sparta, Michigan , for a total cash consideration of US$148 .9 million. […]
Univar Closes Earthoil Acquisition PR Newswire DOWNERS GROVE, Ill. and BURY ST. EDMUNDS, England, May 31, 2018 DOWNERS GROVE, Ill […]
Pennsylvania education nonprofit Lincoln Learning Solutions acquires nationally acclaimed Evan-Moor Blended expertise and products to benefit more schools, students PR Newswire ROCHESTER, Pa., May 31, 2018 ROCHESTER, Pa. , May 31, 2018 /PRNewswire-USNewswire/ — Lincoln Learning Solutions , a nonprofit online learning and support service organization, today announced the acquisition of Evan-Moor Corporation , a market leader in supplemental education materials. […]
Shares of FTI Consulting, Inc. FCN hit a 52-week high of $63.57 on May 30, before closing a tad lower at $63.07. […]
Shares of Catalyst Pharmaceuticals, Inc. CPRX rose almost 8.2%, after the company announced that the FDA has accepted the new drug application (NDA) for its lead pipeline candidate, Firdapse, and granted Priority Review to the same. The FDA has set an action date of Nov 28, 2018 […]
The Chemours Company CC inked a deal with Arkema for the distribution of XP40 (R-449A) in the European Union (EU), to meet rising demand for low global warming potential (GWP) refrigerants under the F-Gas Regulation. The 2018 F-Gas regulation as well as phasedown reduction of 37% has created significant demand for low GWP alternatives to replace traditional products, such as R-404A/R-507A. Hence, leading supermarkets, retailers, contractors, distributors and end-users in the EU currently prefer XP40 […]
The hottest Microsoft MSFT news in May was its Build conference for developers, but there were also rumors about a new cheaper Surface, as well as analysts weighing in on Microsoft. Acquisition of AI Startup Microsoft has acquired a startup called Semantic Machines that’s been developing technology for voice-enabled agents to operate much like Alphabet’s GOOGL Duplex. The goal is to enhance its Cortana assistant and chatbots that are already loose on social networks. […]
Burlington Stores, Inc. BURL commenced fiscal 2018 on an upbeat note posting positive earnings and sales surprises for the second quarter in row. […]
PPL Corporation acquires solar solutions provider Safari Energy LLC PR Newswire ALLENTOWN, Pa., May 31, 2018 ALLENTOWN, Pa. , May 31, 2018 /PRNewswire/ — PPL Corporation (NYSE: PPL) announced today that it has acquired Safari Energy LLC, a leading provider of solar energy solutions for commercial customers in the U.S. “The Safari Energy acquisition offers PPL an attractive, low-risk opportunity to help advance a cleaner energy future; to support the growth of distributed energy resources, including energy storage; and to gain additional experience with technologies that will play a bigger role in shaping the future energy grid,” said William H […]
SM Energy Announces Closing Of Non-Core Asset Sales And Participation In Upcoming Conferences PR Newswire DENVER, May 31, 2018 DENVER , May 31, 2018 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) announced today that it closed the previously announced sales of its remaining assets in the Williston Basin located in Divide County, North Dakota , and third-party operated assets known as Halff East located in Upton County, Texas , for an aggregate of $292.3 million . After taking into account the January 1, 2018 effective date for each transaction, the net cash proceeds received by the Company was $249.2 million , subject to final purchase price adjustments. Both divestitures closed during May 2018 and have an effective date of January 1 , 2018 […]
EnerSys ENS delivered fourth-quarter fiscal 2018 adjusted earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.23. The figure came in at the higher end of the projected range of $1.20-$1.24. […]
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