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NYSE Market News

Defence Contractors Under the Radar

02 Oct 2015 @ 23:17
Despite our own ADVFN News Summary page indicating that there was “No major news today” in the Aerospace & Defence sector, major U.S. defense manufacturers have enjoyed what would be called a good day by any standard. I try to keep an eye on suppliers to the military on a regular basis, but with the escalation of conflicts in Syria, Afghanistan, and the rest of the Middle East...

Steelcase reports 2015 Q2 results

23 Sep 2015 @ 21:35
Americas Posts Record Operating Results; Significant Progress Achieved in EMEA Modernization Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $819.0 million and net income of $37.2 million, or diluted earnings per share of $0.30. Excluding restructuring costs, adjusted earnings were $0.35 per share. In the prior year, Steelcase reported $786.7 million of revenue, diluted...

Federal Reserve Holds Interest Rates

17 Sep 2015 @ 20:14
All day long financial news sites have been littered with headlines speculating about whether or not the U.S. Federal Reserve would at last raise interest rates this month as has long been anticipated. If not speculating about whether or not, they speculated all day about what if. Between that and the reports on last night’s Republican debate, its been a fun day reading the news. Well...

BP agrees third latest generation PTA licence with Ningxia Baota

15 Sep 2015 @ 19:17
What are the details? BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2 million tonnes per annum (tpa) unit at the Ningxia Ningdong Energy and Chemical Zone in...

Aerojet Rocketdyne breaks ground on expansion

10 Sep 2015 @ 19:20
Governor Asa Hutchinson, State and Local Leaders Participate in Groundbreaking Ceremony and Solar Facility Dedication Aerojet Rocketdyne (NYSE:AJRD) today hosted a groundbreaking ceremony attended by nearly 200 people including Arkansas Governor Asa Hutchinson, other state and local dignitaries, company leaders and employees, to celebrate the company’s planned expansion that will bring...

Platform Specialty receives German antitrust clearance for Alent acquisition

10 Sep 2015 @ 19:17
++BREAKING NEWS++ Platform Specialty Products Corporation (NYSE:PAH) announced today that it had received antitrust clearance from the Federal Cartel Office in Germany in connection with its previously-announced recommended offer to acquire all of the issued and outstanding shares of Alent plc in a cash and stock transaction for approximately $2.1 billion by way of a court-sanctioned scheme of...

Empyrean talk "successful quarter", production and increased Sugarloaf reserves

02 Sep 2015 @ 19:11
Q2 2015 Production from Sugarloaf AMI, Texas Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has issued an update from its flagship Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas, for the three month period to the end of June 2015. Empyrean has a 3% working interest in the...

BP licenses its latest generation PTA Technology in Oman

01 Sep 2015 @ 22:18
What are the details? BP and OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY (OMPET) (a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Company) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. OMPET intends to build a 1.1 million tonnes per annum (tpa) unit at Sohar, Oman, to produce PTA...

Diana Shipping cuts deal with Transgrain?

25 Aug 2015 @ 02:43
What are the details? Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Alcyon. The gross charter rate is US$7,600 per day minus a 5...

Huntington Ingalls Industries talk Aircraft Carrier John F. Kennedy

23 Aug 2015 @ 13:54
What are the details? Newport News Shipbuilding, a division of Huntington Ingalls Industries (NYSE:HII), has celebrated the keel laying of the aircraft carrier John F. Kennedy (CVN 79), the second ship of the Gerald R. Ford class. Caroline Kennedy, the daughter of the ship’s namesake, the 35th President of the United States, is the ship’s sponsor. She declared the keel “truly...
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