October 2019 – Page 210 – The New Religion

Vidrimon Marks Fourth Acquisition in 2019 for Berlin Packaging, Europe’s Largest Packaging Distributor

October 3, 2019 0

Vidrimon Marks Fourth Acquisition in 2019 for Berlin Packaging, Europe’s Largest Packaging Distributor Global packaging juggernaut expands Southern European footprint with increased presence in Spain and Portugal PR Newswire MILAN, Oct. 3, 2019 MILAN , Oct. 3, 2019 /PRNewswire/ — Berlin Packaging, the largest full-service supplier of glass, plastic, and metal containers and closures, announced today the acquisition of Vidrimon, a premier supplier of olive oil bottles and innovative glass packaging for Southern Europe . […]

A Nasty Start to October Spells Pleasant Times Ahead: 5 Picks

October 3, 2019 0

The month of October has traditionally been a notorious stretch for equities, described as the “jinx month” for stocks, per the Stock Trader’s Almanac. After all, some of the worst market crashes took place in the month. There were mega “crashes in 1929 and 1987.” In fact, the great crash on Oct 19, 1987, saw the Dow plunge 22.6% in a single day, which is arguably the worst one-day decline […]

U.S. Steel to Buy 49.9% Stake in Big River Steel for $700M

October 3, 2019 0

United States Steel Corporation X has agreed to acquire a 49.9% ownership stake in Arkansas-based Big River Steel for roughly $700 million in cash with a call option to purchase the remaining 50.1% within four years. The option gives U. S. […]

5 Dividend Aristocrats to Buy as October Sees a Shaky Start

October 3, 2019 0

Despite the U.S.-China trade concerns, impeachment jitters, uncertainty about Fed’s future course of action and slowdown in corporate earnings, the stock market has fared well so far this year. However, things have been taking a turn for the worse of late, making it difficult for equities to stay afloat. […]

Pot Stocks to Win as America Roots for Decriminalizing Drugs

October 3, 2019 0

The past six months haven’t been favorable for the marijuana industry. The Horizons Marijuana Life Sciences ETF, one of the primary exchange-traded funds focused on marijuana, tanked nearly 35% from the end of March till last month. However, marijuana stocks have reversed losses as a new report shows that Americans are currently in favor of decriminalizing all drugs […]

Rockwell Automation Wraps Up Sensia JV Deal With Schlumberger

October 3, 2019 0

Rockwell Automation, Inc. ROK and Schlumberger are set to close their joint venture (JV) — Sensia — the first digitally-enabled, integrated automation solutions provider for oil and gas industry. In February 2019, Rockwell Automation entered into the agreement with Schlumberger to create this JV […]

ExxonMobil Foresees Q3 Earnings Slump on Weak Crude Prices

October 3, 2019 0

Exxon Mobil Corporation XOM recently announced that weakness in crude prices will hurt its third-quarter earnings. Following the announcement, the integrated energy player’s share price slid 2.6%. Through the September quarter of 2019, price of West Texas Intermediate and Brent crude plunged 8.5% and 8.9%, respectively […]

PepsiCo (PEP) Q3 Earnings and Revenues Beat Estimates

October 3, 2019 0

PepsiCo (PEP) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.59 per share a year ago. […]

AngioDynamics (ANGO) Q1 Earnings Beat Estimates

October 3, 2019 0

AngioDynamics (ANGO) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items […]

Tilly’s Sees Hammer Chart Pattern: Time to Buy?

October 3, 2019 0

Tilly’s, Inc. TLYS has been struggling lately, but the selling pressure may be coming to an end soon. That is because TLYS recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. […]

itelligence-group Reached an Agreement to Acquire a Majority Stake in FH, Brazil

October 3, 2019 0

itelligence-group Reached an Agreement to Acquire a Majority Stake in FH, Brazil Strong alliance for innovative SAP business between Germany and Brazil PR Newswire SÃO PAULO and BIELEFELD, Germany, Oct. 3, 2019 SÃO PAULO and BIELEFELD, Germany , Oct. 3, 2019 /PRNewswire/ — Today, itelligence-group , the globally leading SAP consulting company within NTT DATA Group, is announcing that they reached an agreement to acquire a majority stake in FH S.A […]

Pointer Telocation Closes Acquisition by I.D. Systems

October 3, 2019 0

Pointer Telocation Closes Acquisition by I.D. Systems Combined Company Rebrands as PowerFleet PR Newswire ROSH HAAYIN, Israel, Oct. 3, 2019 ROSH HAAYIN, Israel , Oct. […]

Tokio Marine Agrees To Acquire PURE Affiliated Group Of Specialty Companies

October 3, 2019 0

Tokio Marine Agrees To Acquire PURE Affiliated Group Of Specialty Companies Acquisition Positions Tokio Marine as Major Player in United States High Net Worth Market PR Newswire NEW YORK, Oct. 3, 2019 NEW YORK , Oct. 3, 2019 /PRNewswire/ — Tokio Marine Holdings, Inc […]

DuPont to Acquire Membrane Business from Evoqua Water Technologies Corp.

October 3, 2019 0

DuPont to Acquire Membrane Business from Evoqua Water Technologies Corp. PR Newswire WILMINGTON, Del., Oct. […]

PNC Financial Divests Franchise Finance Business to MidCap

October 3, 2019 0

The PNC Financial Services Group PNC has completed the sale of its franchise finance loan portfolio to MidCap Financial Services. Financial terms of the transaction were not disclosed. MidCap Financial is a middle market-focused, specialty finance firm that provides senior debt solutions to businesses across all industries […]

Bear of the Day: Bonanza Creek (BCEI)

October 3, 2019 0

Remember that huge spike in oil prices a couple of weeks ago after the Saudi oil field was attacked? Yes, vaguely I’m sure. The narrative then was that oil would keep on rocketing higher after a ton of supply was taken offline […]

4Subsea Acquired by Subsea 7

October 3, 2019 0

4Subsea Acquired by Subsea 7 4Subsea today announced that it has been acquired by Subsea 7 in a 100% stock buyout. The acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology and services to a worldwide market PR Newswire ASKER, Norway, Oct. […]

ASSA ABLOY Acquires LUX-IDent in the Czech Republic

October 3, 2019 0

ASSA ABLOY Acquires LUX-IDent in the Czech Republic PR Newswire STOCKHOLM, Oct. 3, 2019 STOCKHOLM , Oct. […]

AssuredPartners Announces Acquisition of The Powderhorn Agency, Inc. of Connecticut

October 3, 2019 0

AssuredPartners Announces Acquisition of The Powderhorn Agency, Inc. of Connecticut Operational Expansion for National Broker in Brookfield PR Newswire LAKE MARY, Fla., Oct. 3, 2019 LAKE MARY, Fla. […]

Banco Internacional del Perú S.A.A. Announces Early Tender Results of its Tender Offer and Consent Solicitation for any and all of its 5.750% Senior Notes Due 2020

October 3, 2019 0

Banco Internacional del Perú S.A.A. Announces Early Tender Results of its Tender Offer and Consent Solicitation for any and all of its 5.750% Senior Notes Due 2020 PR Newswire LIMA, Peru, Oct. […]