Stock Analysts

Oil & Gas Stock Roundup: BP & ExxonMobil’s Multibillion Dollar Deals Steal the Show

It was a week where both oil and natural gas prices settled sharply lower. On the news front, BP plc BP has signed up Korea Gas Corporation as a customer for its Freeport LNG terminal located in Texas or Calcasieu Pass terminal in Louisiana, while ExxonMobil XOM has signed an agreement to divest its oil and gas business in Norway for $4.5 billion. Overall, it was a dismal week for the sector. […]

Stock Analysts

American Water Works’ (AWK) Unit Wins $519M DOD Contract

American Water Works AWK announced that its unit, Military Services Group has been awarded a contract for operation and maintenance of water and wastewater systems at the United States Military Academy (“USMA”) at West Point, NY. The duration of the contract, which is valued at $519 million and subject to an annual economic price adjustment, is 50 years. […]

Stock Analysts

Toyota to Collaborate With Subaru to Develop 86 and BRZ Cars

In a bid to develop latest technologies and gain economies of scale, Toyota Motor Corporation TM and Subaru Corporation have expanded the partnership. The companies will work to develop electric vehicles and driverless cars. The alliance is likely to aid the companies to create second-generation Toyota 86 and Subaru BRZ. […]

Stock Analysts

Uber to Integrate Ride Hailing & Food Delivery Platforms

In a customer-friendly move, Uber Technologies UBER issued multiple updates on its app including combination of its food delivery with ride-hailing services, offering alternative travel information (including bikes, scooters and public transportation) and introduction of safety-related features. Per the company’s CEO Dara Khosrowshahi, Uber is looking to create "an operating system for everyday life" through this overhaul. The slew of changes is aimed at integrating all Uber products into a single app […]

Mergers & Acquisitions

Kong Inc. Acquires Insomnia; Expands Service Control Platform to Unify Design, Testing and Management Across REST APIs, gRPC, GraphQL and Kafka

Kong Inc. Acquires Insomnia; Expands Service Control Platform to Unify Design, Testing and Management Across REST APIs, gRPC, GraphQL and Kafka New acquisition and enhanced product capabilities provide a comprehensive platform for managing the full lifecycle of services across hybrid and multi-cloud environments PR Newswire SAN FRANCISCO, Oct. 2, 2019 SAN FRANCISCO , Oct […]

Mergers & Acquisitions

MI Windows and Doors’ Acquisition of Masco’s Milgard Windows and Doors division to Benefit Both Parties, According to Freedonia Analyst

MI Windows and Doors’ Acquisition of Masco’s Milgard Windows and Doors division to Benefit Both Parties, According to Freedonia Analyst PR Newswire CLEVELAND, Oct. 2, 2019 CLEVELAND , Oct. 2, 2019 /PRNewswire/ — MI Windows and Doors, a leading US manufacturer of windows and doors, announced today that it had entered into an agreement to purchase the Milgard Windows and Doors division of Masco Corporation. […]

Stock Analysts

Intercontinental Rides on Solid Portfolio, Cost Woes Persist

Intercontinental Exchange ICE is poised for growth, banking on compelling portfolio, broad range of risk management services, achievement of cost synergies and solid capital position. Intercontinental’s solid portfolio of products including trade execution, market data, and pre and post-trade processing and clearing services on an integrated platform should continue to drive revenues. The company estimates Data Services business revenues to grow in the range of $2.19-$2.24 billion while pricing and analytics, desktop and connectivity service, revenues are expected to grow about 7% in 2019 […]