Month: September 2018

The Timken Company TKR has announced yesterday that it has completed acquiring Traverse City, MI-based Cone Drive on Sep 1, 2018. Financial terms of the transaction, originally announced on Jul 24, have been kept under wraps. Cone Drive is one of the leading makers of precision drive products […]

Cleveland-Cliffs Inc. CLF plans to redeem the entirety of its outstanding 4.8% senior notes due October 2020 and 5.9% senior notes due March 2020. The total principal amount outstanding of these notes is roughly $211 million […]

Varian Medical Systems, Inc. VAR recently installed the cyclotron for its coveted ProBeam Compact single-room proton therapy system at the cancer treatment center of the Delray Medical Center, Florida. […]

Air Products and Chemicals, Inc. APD has landed cooperation and equipment supply agreements with Beijing Sinoscience Fullcryo Technology Co., Ltd. […]

Ericsson ERIC recently announced that it will acquire all of the shares of CENX, a U.S.-based service assurance technology company, for an undisclosed amount. The strategic move is aimed at enhancing the company’s Operations Support Systems (OSS) portfolio with vendor-agnostic service assurance and closed-loop automation capability. The transaction is subject to customary regulatory approvals […]

athenahealth, Inc. ATHN is currently one of the top performing stocks in the MedTech space. The company’s focus on big-data and a raised guidance for 2018 makes it a lucrative investment pick. […]

Per Bloomberg, people familiar with the matter informed that General Motors Company ’s GM sales declined by around 13% in August. In fact, this automaker’s strategy to pullback on sales incentives, particularly for full-size pickups, led to this decline. Notably, this Detroit, MI-based auto giant no longer reports vehicle sales figures on a monthly basis. […]

In the past week, United Continental Holdings, Inc. UAL joined JetBlue Airways Corporation JBLU in increasing fees for checked bags. […]

BJ’s Restaurants, Inc. BJRI announced the launch of its fourth restaurant for fiscal 2018 in Livonia, MI. […]

The coal industry continues to stage a silent comeback from the difficult times. Coal stocks have returned 18.6% in the past 12 months, marginally outperforming the Zacks S&P 500 Composite’s growth of 18.3%. […]

If there's one thing the commodity price crash has taught oil and gas companies, it's capital discipline. The three-year price slump, which saw crude fall to a 13-year low of around $26 per barrel and natural gas prices hitting 17-year lows of around $1.6 per million British thermal units (MMBtu), forced energy executives to consider a new approach to capital deployment. […]

Reliance Steel & Aluminum Co. RS stock looks promising at the moment. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. […]

Daimler AG ’s DDAIF Mercedes-Benz has unveiled its first fully-electric crossover sports utility vehicle (SUV), EQC, in Stockholm. The company’s new all-electric vehicle (EV) will compete with other top-spot vehicles by other automakers within the EV category. […]

In a year’s time, shares of Old Dominion Freight Line, Inc. ODFL have surged 54.4% compared with the industry ’s rise of 19.1% Reasons for Robust Price Performance In July, this Thomasville, NC-based company posted better-than-expected earnings and revenues in second-quarter 2018 results. Earnings per share (EPS) of $1.99 outpaced the Zacks Consensus Estimate of $1.82 and improved 67.2% year over year. […]

Toyota Motor Corporation TM announces a global recall of more than 1 million of its Prius and C-HR compact crossover cars, per Bloomberg. The affected vehicles have the risk of catching fire. Out of the 1.03 million recalled vehicles, 192,000 are from the United States and 554,000 are from Japan […]