Industry News

Apple may have cut down on profit margins on the new iPhone 7 series as it has launched the new phone at the same price as iPhone 6 S but has spent more on the bill of materials needed to manufacture the device. The BOM for an iPhone 7, equipped with 32 GB of NAND flash memory, is $219.80. This is according to a preliminary estimate from IHS Markit, a critical information, analytics and solutions firm."/>
Apple may have lowered margins with iPhone 7 [Hindustan Times, New Delhi]
Hitachi Power Systems, Ltd. commenced demonstration testing of a pressurized hybrid power generation system integrating a solid oxide fuel cell stack and a micro gas turbine, aiming toward commercial launching in the near future. Under a program supported by the New Energy and Industrial Technology Development Organization, a national research and development agency, a system intended for both business and industrial uses..."/>
Demonstration Testing Started of SOFC-MGT Hybrid Power Generation System, Toward Commercial Launch for Business and Industrial Uses
Lockheed Martin that will keep helicopter maker Sikorsky Aircraft headquarter in Connecticut through 2032.. The multi-faceted deal announced by Gov. Dannel P. Malloy on Tuesday commits Sikorsky to build nearly 200 heavy duty helicopters at the company's Stratford-based factory over the 16- year period."/>
Officials reach deal to keep Sikorsky in Connecticut [New Haven Register, Conn.]
Lockheed Martin Corp. announced Tuesday a deal providing up to $220 million in state aid in exchange for keeping and possibly increasing jobs at helicopter manufacturer Sikorsky Aircraft and committing to remain in the state for more than a decade. The Bethesda, Md.-based company agreed to build 200 CH-53K King Stallion heavy-lift helicopters in Connecticut for the U.S. Navy until at least 2032."/>
Malloy, Lockheed Martin Reach Deal To Keep Sikorsky HQ In Connecticut [The Hartford Courant]
The genesis of Zoomcar [Mint, New Delhi]
Reliance Infrastructure Ltd has applied to the capital markets regulator to register an infrastructure investment trust for its toll road projects, two people aware of the development said. InvITs manage income-generating infrastructure assets, offering investors a regular yield and a liquid method to invest in infrastructure projects. Developers can use the long-term funds raised to unlock value in completed projects or repay debt associated with them."/>
Reliance Infrastructure files papers with Sebi for InvIT [Mint, New Delhi]
Glencore Coal Queensland Pty Ltd, upon receiving certain approvals, Adani said in a statement. Adani and Glencore have been engaged in a legal battle for control of the..."/>
Adani Ports inks pact to acquire Australia's Abbot Point Bulkcoal [Mint, New Delhi]
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

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