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NYSE Market News

Global Power locks in new permanent CEO

02 Jul 2015 @ 23:13
Who will be in charge? Global Power Equipment Group Inc. (NYSE:GLPW) today announced that it has entered into a new employment agreement with Terence Cryan pursuant to which he will continue to serve as the Company’s President and Chief Executive Officer, a position he first assumed on an interim basis on March 20 of this year. The new employment agreement is for a term running through...

Bp report first Clair Ridge Topside Modules installed

29 Jun 2015 @ 19:23
Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) topside modules, a major milestone in the Clair Ridge...

SCOTUS Turns Deaf Ear to BP and Anadarko

29 Jun 2015 @ 19:10
The Supreme Court of the United States makes major headlines only a few times a year, but when it does, it usually makes enough to stir up enough controversy to last well into its next session. In the past week alone the justices, in their infinite wisdom, have ruled against individual states rights with respect to the Obamacare health plan and – as a separate issue – marriage of...

Steelcase reports Q1 results of $700m revenue

24 Jun 2015 @ 22:19
Revenue of $705.5 million and net income of $20.0 million Steelcase Inc. (NYSE:SCS) today reported first quarter revenue of $705.5 million and net income of $20.0 million, or diluted earnings per share of $0.16. Excluding net restructuring costs, adjusted earnings were $0.17 per share. In the prior year, Steelcase reported $723.1 million of revenue, diluted earnings per share of $0.17 and...

Janus to launch Adaptive Global Allocation Fund?

23 Jun 2015 @ 22:14
New Fund Uses Dynamic Allocation Approach to Minimize Risk of Significant Loss Due to Market Downturn, Without Sacrificing Upside Potential of Capital Markets Janus Capital Group Inc. (NYSE:JNS) today announced the launch of the Janus Adaptive Global Allocation Fund that aims to provide investors total returns by dynamically allocating assets across a portfolio of global equity and...

Northrop Grumman to provide Anti-Missile System to Air National Guard

22 Jun 2015 @ 23:18
Will the stock price hit the intended target? Northrop Grumman Corporation (NYSE:NOC) has been awarded a delivery order from the Defense Microelectronics Activity (DMEA) to deliver an advanced anti-missile system to the Air National Guard and Air Force Reserve Command. Under the terms of the $31.7 million contract, Northrop Grumman will deliver three modernized third-generation pods, which are...

Rosneft and BP cut production, exploration and refining deals

21 Jun 2015 @ 23:11
What are the detials? Rosneft and BP today have signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum. Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20 per cent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint venture in East Siberia. The...

Willis Lease and Southwest Airlines cut deal

18 Jun 2015 @ 23:27
Will the shares go up and up as well? Willis Lease Finance Corporation (Nasdaq:WLFC), the premier independent jet engine lessor in the commercial finance sector, announced it will be providing spare engines to support the Southwest Airlines (NYSE:LUV) fleet of Boeing 737NG aircraft over the next five years. “With almost 700 aircraft in the Southwest fleet, including more than 500 NGs...

McDonald's Not as American as Apple Pie

18 Jun 2015 @ 18:04
Nothing in the food industry has ever been as American as McDonald’s (NYSE:MCD), but the company has been losing its grip on the restaurant sector or its appeal to American customers for several years. MCD’s share price has been in decline since 19 May. It’s current share price is 96.32, up 1.16 in intraday trading, near its midpoint for the last 52 weeks. Despite having...

CVS Set to Acquire Target In-store Pharmacies

16 Jun 2015 @ 22:01
The share price of CVS Health Corporation (NYSE:CVS) was up by 0.53% to $103.12 today, one day after it announced that it was entering into a deal to acquire Target Corporations’ in-store clinic and pharmacy operations. Target shares (NYSE:TGT) were trading up by 0.65% today at $80.97. Target shares were off slightly after the announcement yesterday, so the increase today brought the...
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