Industry News

Somany Ceramics Ltd is looking at possible acquisitions of companies making faucets and bath fittings to accelerate its growth in these categories which now fetch less than a tenth of its overall revenues, a senior company official said. Sales of sanitary ware and bath fittings at the maker of Somany tiles have grown at 46% per annum on an average over the past five years against its core business of tiles, which has grown at 17% per annum during the period."/>
Somany Ceramics looks to buy bath fittings makers to accelerate growth [Mint, New Delhi]
Tesla Motors and its $2.3 billion bid to buy SolarCity. The merger, intended to advance Tesla co-founder and CEO Elon Musk's vision of creating a renewable-energy powerhouse, has received a lukewarm reception on Wall Street and is facing legal challenges that could delay the deal. And unlike most corporate mergers, it's not a certainty that the deal will win shareholder approval, especially at Tesla."/>
Tesla-SolarCity deal confronting four hurdles [The Buffalo News, N.Y.]
FedEx said Tuesday it will hire more than 50,000 workers for another expected record peak season between Thanksgiving and Christmas. The company expects the four Mondays after Thanksgiving to be among the busiest in its history, building on a 2015 record peak volume of 325 million shipments, driven by growth in e-commerce. The seasonal hiring projection came during a first-quarter earnings report in which the Memphis-based company said earnings per share increased..."/>
FedEx pegs peak season hiring at 50,000-plus, records 20 percent earnings increase [The Commercial Appeal, Memphis, Tenn.]
FedEx Corp. reports earnings for the June-August quarter Tuesday afternoon. The Memphis-based company's first quarter results are due out after the stock market closes. Analysts' consensus earnings estimate is $2.79 a share, a 15 percent increase from $2.42 a share a year earlier."/>
FedEx Look Ahead: Expect details on TNT merger in Tuesday's earnings [The Commercial Appeal, Memphis, Tenn.]
JetBlue Airways to offer nonstop flights between Fort Lauderdale and Tallahassee. On Monday, representatives from city, county and state government and Broward College gathered in downtown Fort Lauderdale to show their support for the campaign, which seeks pledges from local residents and businesses that want to see more convenient and cost-effective jet service between Fort Lauderdale and the..."/>
GetBlue campaign seeks JetBlue air service between Fort Lauderdale, Tallahassee [Sun Sentinel]
Bluedrop Performance Learning Inc. has received a sub-contract of more than $4 million from Calian to continue the development and support of courseware projects by providing e-Learning production, distribution and related support services. “Through its subsidiary Bluedrop Training& Simulation, Bluedrop will..."/>
Bluedrop Receives Calian Sub-Contract to Renew the Provision of Courseware Production Support to the Army Learning Support Centre (ALSC) from October 2016 until March 2019.
Westshore Terminals Investment Corporation announced today that a dividend of $0.16 per share will be paid on or before October 15, 2016 to shareholders of record on September 30, 2016, which is the same per share amount that was paid in Q1 and Q2 2016. The Q3 2016 dividend will be designated an "eligible dividend" for Canadian tax purposes. For the eight months ended August 31, 2016, Westshore loaded 17.8 million tonnes as compared to 20.5 million..."/>
Westshore Terminals Announces Q3 2016 Distribution
Greenbrier Companies, Inc. announced today that Jim Cowan has been appointed President, Greenbrier International. Cowan continues to report to William A. Furman, Chairman and CEO of Greenbrier and remains as CEO of GBW Railcar Services, LLC, a 50/ 50 railcar repair and refurbishment joint venture with Watco Companies, LLC. Ray Pericola, who has served at GBW since its creation in 2014, has been promoted to President reporting to Cowan."/>
Jim Cowan appointed President, Greenbrier International
Cordy Oilfield Services Inc. announces that it will be offering rights to holders of its common shares of record at the close of business on September 26, 2016, on the basis of one Right for each Common Share held. The Rights Offering will be conducted only in the provinces and territories of Canada."/>
Cordy Announces Rights Offering
Copart, Inc. today reported financial results for the quarter and year ended July 31, 2016.. For the three months ended July 31, 2016, revenue, gross margin, operating income, and net income were $332.7 million, $141.5 million, $106.2 million, and $84.1 million, respectively. These represent an increase in revenue of $50.4 million, or 17.8%; an increase in gross margin of $22.7 million, or 19.1%; an increase in operating income of $19.4 million, or 22.4%; and an increase in net..."/>
Copart Reports Fourth Quarter Fiscal 2016 Financial Results
WestJet signs multi-year contract with Suncor
Mueller Water Products, Inc. received the 2016 Best Smart Water Solution award at the third annual Smart Water Summit in Palm Beach Gardens, Florida, the Company announced today. This is the second time Mueller Water Products has won this award, which recognizes innovative solutions to help utilities implement smart technology in water distribution systems. The Company was recognized for smart technology solutions offered through its Mueller Co.,..."/>
Mueller Water Products Recognized for Best Smart Water Solution
HNI Corporation will host its quarterly conference call for investors to discuss third quarter fiscal 2016 results on:. Thursday, October 20, 2016 11:00 a.m. Eastern 10:00 a.m. Central 8:00 a.m. Pacific. To participate in the call, please dial: 1-877-512-9166 Conference ID: 78965544."/>
HNI Corporation Third Quarter Fiscal 2016 Results Conference Call
Wabash National Corporation, a diversified industrial manufacturer and North America’ s leading producer of semi-trailer and liquid transportation systems, has announced a new agreement with EconCore N.V., the technology leader for continuous production of honeycomb sandwich materials, to execute EconCore’ s patented honeycomb core production technology in North America. Wabash National has the exclusive rights to manufacture and sell..."/>
Wabash National Corporation Signs Exclusive Agreement with EconCore N.V. to Offer New Composite Technology in North America
MSA Safety Inc. has acquired UK-based laser-based gas detection company Senscient, Inc., the company said. Terms of the deal were not disclosed. Established in 1914, MSA Safety develops safety products that protect people and facility infrastructures."/>
MSA Acquires UK Gas Detection Company Senscient
Barrett Business Services, Inc., a leading provider of business management solutions, has appointed Deloitte and Touche LLP as its new principal independent registered public accounting firm, effective September 16, 2016. Deloitte replaces the company's former auditor, Moss Adams. About BBSI BBSI is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique..."/>
BBSI Appoints Deloitte as New Auditor
West Corporation, a leading provider of communication services, today announced that Chairman and Chief Executive Officer Tom Barker and Chief Financial Officer Jan Madsen are planning to present at the Deutsche Bank Leveraged Finance Conference on Tuesday, September 27, 2016 at 7:15 p.m. Eastern Time.. Investors may access the presentation by visiting the Investor section of the West Corporation website at www.west.com and clicking on Events&..."/>
West Corporation to Present at Deutsche Bank Conference

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