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NYSE Market News

Pfizer & Allergan Merge in Blockbuster Deal

23 Nov 2015 @ 15:49
Shares of Pfizer (NYSE:PFE) and Allergan (NYSE:AGN) fell in premarket trading this morning following the announcement that Pfizer would merge with Allergan for a record-breaking healthcare price of $160 billion. I first heard the rumors yesterday that Pfizer  might be poised to acquire Dublin-based Allergan. It struck me as a bit odd, because I was fairly certain that Allergan had already been...

Construction begins for new Rumaila electricity plant to supply power into the grid

22 Nov 2015 @ 10:47
Construction work begins after 2 years of planning on a new power plant that could provide up to 235,000kW more electricity per day to the local grid – Important milestone in much needed redevelopment of the field – Power station to be powered by captured Rumaila gas. Basra, Iraq, 15 November: Construction work has begun on a new electricity power plant at the Rumaila oilfield...

Northrop Grumman inertial reference products selected by Cessna

17 Nov 2015 @ 19:27
What are the details? Northrop Grumman Corporation (NYSE:NOC) has been selected to provide flight-critical inertial instruments on the new Cessna Citation Longitude super-midsize jet. Northrop Grumman’s LCR-100 attitude and heading reference system, as well as the LCR-100N hybrid navigation unit, have been chosen by Cessna Aircraft Company — a subsidiary of Textron Aviation Inc., a...

BP explores sale of Alabama petrochemical facility

17 Nov 2015 @ 10:48
Company continues to refocus global petrochemical business for long-term growth HOUSTON – BP has decided to market for sale its Decatur, Ala., petrochemicals complex as part of a broader reorganization of the company’s global petrochemicals business. BP’s refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that...

Hill International Receives $14 Million Contract Extension on Jabal Omar Development in Saudi Arabia

16 Nov 2015 @ 20:19
What are the details Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract extension from the Jabal Omar Development Company (JODC) in connection with the Jabal Omar mixed-use development in Makkah, Saudi Arabia. The one-year contract extension has an estimated value to Hill of approximately SAR 51.7 million ($13.8...

Northrop Grumman, US Army Prove Sensors and Shooters as Network Components With Missile Defense Flight Test Intercept

16 Nov 2015 @ 20:14
Revolutionary Integrated Battle Command System Demonstrates Unprecedented Engagement on Combined Track Data From Dissimilar Radars The U.S. Army and Northrop Grumman Corporation (NYSE:NOC) achieved a major milestone for integrated air and missile defense (IAMD) when the IAMD Battle Command System (IBCS), using tracking data from Sentinel and Patriot radars, provided the command-and-control...

BP to accelerate development of first phase of Atoll field in Egypt

09 Nov 2015 @ 19:00
What are the details? BP today announced that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, His Excellency Eng. Tarek El Molla, regarding the acceleration of the development of the recent Atoll gas discovery. The Atoll discovery (BP 100%) in the North Damietta Offshore Concession in the East Nile Delta, offshore Egypt was announced in March 2015. The...

TransAtlantic Petroleum announces 2015 Q3 rsults

05 Nov 2015 @ 23:29
What are the details? TransAtlantic Petroleum Ltd. (NYSE-MKT:TAT) (TSX:TNP) today announced financial results for the quarter ended September 30, 2015 and provided an update on its operations. Third Quarter 2015 Highlights – Revenue of $20.2 million – Consolidated Adjusted EBITDAX from continuing operations of $14.9 million (Adjusted EBITDAX is a non-GAAP financial measure that is...

US Economic Recovery: Rate Rise?

05 Nov 2015 @ 11:09
Recent big news from the US was that the Fed’s Chair Janet Yellen “sees a possible December rate rise, and a gradual hiking path”. Janet Yellen on Wednesday highlighted a possible December interest rate “lift-off” but said rates would rise only slowly from then on to nurture the U.S. economic recovery. These are her first public comments since the Fed’s meeting last...

Independent Bank Group acquires Grand Bank

02 Nov 2015 @ 19:19
What are the details? Independent Bank Group, Inc. (Nasdaq:IBTX), the holding company for Independent Bank, today announced the completion of the acquisition of Grand Bank, Dallas, Texas. As of June 30, 2015, Grand Bank reported total assets of $608.6 million, total deposits of $507.1 million, and total equity capital of $41.6 million. Grand Bank is a full service commercial bank with two...
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