Month: June 2018

As part of its strategic efforts to simplify mortgage business, CIT Group Inc. CIT has completed the sale of Financial Freedom and the reverse mortgage portfolio to an undisclosed buyer. […]

Nektar Therapeutics ( NKTR and Bristol-Myers Squibb BMY announced preliminary data from the ongoing PIVOT phase I/II study at the American Society of Clinical Oncology (ASCO) annual meeting. The study is evaluating the combination of Nektar's lead immuno-oncology candidate, NKTR-214 with Bristol-Myers Squibb's Opdivo (nivolumab). […]

Societe Generale Group SCGLY has agreed to resolve charges related to manipulation of LIBOR and a Libyan bribery scheme with the U.S. and the French authorities. This major French bank will be paying approximately $1.3 billion (in aggregate) to the U.S […]

The Chemours Company CC announced a 10% hike in prices for all Methylamines, Dimethylformamide, Dimethylacetamide and Dimethyl Sulfate products sold in North America. The hike will be effective Jul 1, 2018 or as contracts permit. Chemours is exposed to headwinds from higher costs for certain raw materials […]

Investors’ confidence has once again been reinstated and markets are bouncing back. The positive sentiment saw tech stocks rallying on Monday with shares of tech giants like Apple Inc. AAPL , Microsoft, Inc […]

Per the latest report from the United States Department of Commerce, construction spending surged to its highest settlement since January 2016. This also marks its biggest increase since 2012. The construction market in the United States has been looking up for some time now. […]

Southwest Airlines Co . LUV has revised its guidance for second-quarter 2018 unit revenues and capacity as well as full-year capacity. For the current quarter, the company expects operating revenue per available seat mile (RASM) to decline around 3% year over year (the earlier guidance had called for a decline in the 1-3% range). […]

Teladoc Inc. TDOC , a premier telehealth services provider, has acquired Advance Medical, a worldwide leader in telemedicine and expert medical opinion services. The deal will bolster Teladoc’s global market leadership and provide its customers a broad range of medical services and a physician network. […]

Kennametal Inc. KMT recently priced an offering of $300 million of its 4.625% senior notes due Jun 15, 2028. Subject to customary closing conditions, this offering is anticipated to close on Jun 7, 2018. […]

Walmart Inc. WMT took yet another step to improve international business. […]

Shares of Steel Dynamics, Inc. STLD have popped around 27% over the last six months. The company has also outperformed its industry 's growth of roughly 11% over the same time frame […]

Tyson Foods, Inc TSN , which is bent on expanding its protein-rich products, revealed plans to acquire Tecumseh Poultry LLC, a renowned branded organic chicken producer. The deal will add the popular air-chilled Smart Chicken brand along with a variety of chicken sausages, fresh and deli-style chicken to Tyson Foods’ portfolio. Tecumseh Poultry’s operations are mainly carried out through two plants in Nebraska, which will now form part of Tyson Foods’ business […]

Cleveland-Cliffs Inc. 's CLF stock looks promising at the moment. The company has seen its shares shoot up roughly 37% over the past six months. […]

DowDuPont Inc. ’s DWDP business unit, DuPont Safety & Construction plans to invest more than $400 million to expand capacity for the manufacture of Tyvek nonwoven materials at its Luxembourg facility. The expansion is scheduled to start in 2021 and will include a new building and third operating line at the site. […]