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NYSE Market News

Contracts for Tangguh Expansion Project announced by BP

22 Oct 2014 @ 23:05
Announced in Jakarta On behalf of the Tangguh Partners, BP announced that two consortia have been awarded the onshore Front End Engineering and Design (FEED) for the $12 billion Tangguh Expansion Project (Train 3): – PT. Tripatra Engineers and Constructors, PT. Tripatra Engineering, PT. Chiyoda International Indonesia, PT. Saipem Indonesia, PT. Suluh Ardhi Engineering and Chiyoda...

IBM Shares Plummet On Q3 Results

20 Oct 2014 @ 21:37
The share price of IBM (NYSE:IBM) plummeted upon release of its third quarter results this morning. IBM closed at 182.05 on Friday, October 17th. The value of the company’s shares dropped in early trading to open today at 166.93. The share price has held fairly steady during the day with about an hour remaining. It currently stands at 168.58, down 7.40% for the day. If you were to drive...

Newell Rubbermaid to Acquire bubba brands?

19 Oct 2014 @ 22:24
Yes, they are. Newell Rubbermaid (NYSE:NWL) announced today that it has signed a definitive agreement to acquire the assets of bubba brands, inc., a wholly owned subsidiary of In Zone Holdings, Inc. A leading designer and marketer of durable beverage containers, bubba is expected to deliver over $50 million of net sales in 2014. The acquisition will expand Newell Rubbermaid’s presence in...

Aeroject secure NASA contract to power Mars mission

19 Oct 2014 @ 22:17
Is there life on Aeroject? Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, recently received a contract from NASA’s Jet Propulsion Laboratory to supply the thrusters that would help land the next rover on Mars after it is launched in 2020. Under a contract from the U.S. Department of Energy, Aerojet Rocketdyne also would supply the power source that would enable the rover to move around...

Beware of the VIX "Fear Index"

15 Oct 2014 @ 21:26
The VIX Index, more commonly referred to as the Fear Index has begun to make investors (more) nervous this week. On Monday, 13 October, Erin Gibbs of S&P Capital told CNBC that, essentially, anxious investors need to remain calm because “Volatility is still within normal levels,” even though fellow commentator Todd Gordon warned that if the VIX surged upward past 20, investor...

Shire Shares Slump 22%

15 Oct 2014 @ 19:47
The ongoing dramatics involving the potential acquisition of Shire (LSE:SHP) by AbbVie (NYSE:ABBV) has given Shire’s share price a punch in the solar plexus today, making it the FTSE’s biggest loser on the day. Not only has the wind been knocked out of Shire’s sails, but there may be a storm brewing on the horizon. Once AbbVie announced that it was not likely to continue to...

CSX Is On Track This Week

14 Oct 2014 @ 22:58
There are some stories I just can’t wait to write, like the Alibaba or Facebook IPOs. They are stories that you know are going to happen before they actually happen. This is one of them. CSX (NYSE:CSX) is a Ft. Lauderdale-based U.S. transportation and logistics company more popularly viewed as a railroad. Late this afternoon CSX released its third quarter results to generate a second...

Northrop Grumman unveils new vehicle

14 Oct 2014 @ 21:31
Northrop Grumman Corporation (NYSE:NOC) has unveiled its High Mobility Multipurpose Wheeled Vehicle (HMMWV) modernization solution at the Association of the United States Army conference in Washington, D.C. “The HMMWV has had an enduring role in the U.S. Army, U.S. Marine Corps and across the international ground forces community for decades,” said Frank Simpkins, director, land...

GenCorp announce 2014 Q3 results - net sales up $50m

12 Oct 2014 @ 10:58
GenCorp Inc. (NYSE:GY) has announced results for the third quarter ended August 31, 2014. Financial Overview: Third Quarter of Fiscal 2014 compared to Third Quarter of Fiscal 2013: – Net sales for the third quarter of fiscal 2014 totaled $419.5 million compared to $367.5 million for the third quarter of fiscal 2013. – Net loss for the third quarter of fiscal 2014 was $(9.5...

Alcoa's Transformation Is Delivering

09 Oct 2014 @ 16:49
Aluminum giant, Alcoa Inc. (NYSE:AA) released its third quarter results this morning, driving the share price to 16.33. That is more than a 100% increase over the 8.10 closing price as at 09 October 2013. This may indicate a growing confidence in the company as a result of both the implementation of its transformation plan and the results it seems to be generating. Founded in 1888, the company...
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