McCormick & Company, Incorporated MKC came out with second-quarter fiscal 2018 results, wherein adjusted earnings of $1.02 per share came ahead of the Zacks Consensus Estimate of 93 cents and surged 24% year-over-year. The company still expects adjusted earnings for fiscal 2018 in a range of $4.85-$4.95 per share, reflecting a 14-16% growth year-over-year. […]
CI Capital’s Impact Group Acquires Co-Sales The West Coast Food Brokerage Company Is Impact Group’s Tenth Add-On Acquisition under CI Capital’s Ownership PR Newswire BOISE, Idaho, June 28, 2018 BOISE, Idaho , June 28, 2018 /PRNewswire/ — Impact Group , a leading sales and marketing agency, announced today that it has acquired independent food brokerage company Co-Sales . Co-Sales represents a wide range of products spanning a variety of retailer categories, and has successfully guided the brands that they represent through strong relationships and market expertise. […]
SecureSet Acquires HackEd to Bring Immersive Cybersecurity Education to Washington D.C. Metro Region Leading Provider of Compressed Cybersecurity Training Programs Continues to Expand into High Needs Markets PR Newswire DENVER, June 28, 2018 DENVER , June 28, 2018 /PRNewswire/ — SecureSet Academy today announced the acquisition of HackEd, a provider of hands-on cybersecurity training for technical professionals, to support SecureSet’s expansion of immersive cybersecurity education programs in the Washington D.C. metro area […]
Ford Motor Company F announced that it has signed a letter of intent (LOI) with Baidu, Inc. BIDU to co-develop artificial intelligence (AI) and connectivity solutions for Ford’s vehicles in China. Baidu offers a Chinese Internet searching platform. […]
Tech stocks exposed themselves to vulnerabilities of the trade conflict on Jun 27 whenPresident Donald Trump announced plans of a clampdown on foreign investments in American technology companies. Previously, the President chalked out plans reported earlier to stop firms with at least 25% Chinese ownership from taking over U.S. […]
Chemicals giant, LyondellBasell Industries N.V. LYB has secured the antitrust approval from the European Commission for its proposed buyout of A. Schulman, Inc […]
Exxon Mobil Corporation XOM and its co-venturers have commenced marketing activities of the Rovuma LNG project. The Rovuma LNG project will generate, liquefy and sell natural gas from the fields of the Area 4 block, offshore Mozambique. […]
Generally, investors love stocks with a low price-to-earnings (P/E) ratio. The perception is that the lower the P/E, the higher is the value of the stock. The simple logic that a stock’s current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind investors’ inclination toward low P/E stocks […]
Maple Leaf Foods to Acquire Select Poultry Assets of Cericola Farms Canada NewsWire MISSISSAUGA, ON, June 28, 2018 Builds market leadership in raised without antibiotics and organic value-added chicken MISSISSAUGA, ON , June 28, 2018 /CNW/ – Maple Leaf Foods (TSX: MFI) today announced that it has signed a definitive agreement to acquire two poultry plants and associated supply from Cericola Farms, a privately held company. Located in Bradford, Ontario and Drummondville, Quebec , collectively the two plants process approximately 32 million kg of chicken annually. […]
Ensono Officially Closes $405M Acquisition of Wipro’s Hosted Data Center Services Business Ensono doubles in size and scale to accelerate innovation with clients PR Newswire DOWNERS GROVE, Ill., June 28, 2018 DOWNERS GROVE, Ill. , June 28, 2018 /PRNewswire/ — Ensono™ , a leading hybrid IT services provider, closed on its acquisition of Wipro Limited’s Hosted Data Center Services (DCS) business in U.S., Europe and Singapore . […]
CM Finance Inc CMFN has been struggling lately, but the selling pressure may be coming to an end soon. That is because CMFN recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. […]
AAC Holdings, Inc. AAC has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at AAC given that, according to its RSI reading of 28.62, it is now in oversold territory […]
Air Products and Chemicals, Inc. APD has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at APD given that, according to its RSI reading of 29.97, it is now in oversold territory […]
RH ( RH ) is seeing strong earnings growth as its Gallery and hospitality concepts roll out across the United States. This Zacks Rank #1 (Strong Buy) is expected to see triple digit earnings growth in 2018. RH, formerly known as Restoration Hardware, operates retail Galleries and restaurants with the RH, RHModern and Waterworks brands in the United States. […]
Pastilla Institute and Kremsa Digital Announce Merger Consolidated Strategic Creative Branding and Marketing Agency Poised to Expand Client Services and Broaden Global Reach PR Newswire PASADENA, Calif., June 28, 2018 PASADENA, Calif. , June 28, 2018 /PRNewswire/ — Award-winning branding and creative agency The Pastilla Institute and acclaimed digital marketing firm Kremsa Digital announced a merger today. […]
itelligence Acquires 60-percent Stake in Sybit GmbH PR Newswire BIELEFELD, Germany, June 28, 2018 BIELEFELD, Germany , June 28, 2018 /PRNewswire/ — itelligence is expanding its activities in the market for customer management and e-commerce systems Today, itelligence AG is announcing its acquisition of Sybit GmbH, Germany . Initially, itelligence is acquiring 60 percent of the southern German Hybris and SAP Gold Partner Sybit. Sybit GmbH is a leading expert in the areas of Customer Relationship Management (CRM) and e-commerce in Germany and has acquired an excellent reputation for its consulting services, particularly among globally acting Hidden Champions and corporations. […]
Marvell Technology Group Ltd. Announces Receipt of Chinese Regulatory Approval for Cavium Acquisition PR Newswire SANTA CLARA, Calif., June 28, 2018 SANTA CLARA, Calif. , June 28, 2018 /PRNewswire/ — Marvell (NASDAQ: MRVL), a leader in storage, networking, and connectivity semiconductor solutions, today announced that China’s State Administration for Market Regulation has approved the company’s previously announced merger transaction with Cavium, Inc. […]
VerticalScope Expands its Portfolio of Enthusiast Communities with the Acquisition of Do-it-Yourself Help Site Fixya.com PR Newswire TORONTO, June 27, 2018 TORONTO , June 27, 2018 /PRNewswire/ — VerticalScope, a digital media company specializing in enthusiast websites and interest-based online communities, announces that it has acquired leading Do-it-Yourself Help site Fixya.com . The transaction adds to VerticalScope’s stable of Home and Garden, Contractor and DIY sites which include diychatroom.com, Trustedpros.ca and contractortalk.com. Terms of the transactions were not disclosed. […]
Estimates for Selective Insurance Group, Inc . SIGI have been revised upward over the past 60 days, buoying analysts’ optimism on the stock. The stock has seen the Zacks Consensus Estimate for 2018 and 2019 earnings being raised 0.6% and 0.5% to $3.40 and $4.15, respectively. […]
In a bid to expand the auto appearance portfolio, Energizer Holdings, Inc ENR , also known as Energizer, has signed an agreement with Reed-Union Corporation (Reed-Union). Energizer will acquire Reed-Union’s automotive appearance business, which includes the Nu Finish Car Polish and Nu Finish Scratch Doctor brands. Per management, the company’s existing Lexol and Eagle One products will be strengthened with the addition of the two brands. […]
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