Industry News

B/E Aerospace, Inc., the world’ s leading manufacturer of aircraft cabin interior products, today announced its second quarter 2016 financial results and raised both its full year guidance for 2016 and its outlook for 2017.. Revenues of $753 million and operating earnings of $137 million each increased 7 percent as compared with prior year period Operating margin was 18.1 percent Net earnings per diluted share of $0.84 increased 12 percent as compared with..."/>
B/E Aerospace Reports Second Quarter Results; Revenues up 7%, EPS up 12%; Raises Both 2016 Financial Guidance and 2017 Outlook
SpiceJet Ltd, India's second largest low-fare airline, has started offering extra legroom, priority check-in, complimentary meals, priority baggage handling and priority boarding at aerobridges for Rs.500-1, 000 extra, depending on the..."/>
Fare war blurs line between budget, full-service airlines [Mint, New Delhi]
WORKING TOGETHER [Cape Cod Times, Hyannis, Mass.]
LafargeHolcim, the world's largest cement producer and the second biggest in India, is expected to focus on consolidation and inorganic growth options, something it had so far put on the back-burner. On the other hand, UltraTech Cement Ltd, the fifth largest in the world and the largest in India, is expected to focus on..."/>
As LafargeHolcim and UltraTech Cement achieve scale, paths diverge [Mint, New Delhi]
GMR Infrastructure Ltd, GVK Power and Infrastructure Ltd, Airports Authority of India, Essel Infra and Hiranandani Group's Voluptas Developers--were to submit financial bids for the Rs.3, 000 crore project by Monday. Some of the bidders represent consortia."/>
Award of Goa airport contract delayed as bidders seek more time [Mint, New Delhi]
Havells India Ltd, the maker of lighting products, cables and fans, delivered an excellent June quarter, far exceeding analysts' expectations. Revenue increased 17% from a year earlier in the June quarter to Rs.1, 467 crore. Revenue growth was led by 20-22% growth across the switchgear, lightning and fixtures and electrical consumer durables segments, which collectively account for about 60% of total revenue."/>
Havells India: Excellent quarter, but priced in [Mint, New Delhi]
Infosys and Idea Cellular have corrected 10-13%."/>
Know when to hold them, know when to fold [Mint, New Delhi]
ITC Ltd, Larsen and Toubro Ltd and Axis Bank Ltd in the first phase of divesting minority stakes it owns in 51 companies. The government, which detailed the sale strategy on Monday, also eased a conflict-of-interest clause for investment bankers to attract more bankers to the proposed sale. SUUTI, an offshoot of the erstwhile state-run investment firm Unit Trust of India, has shares in 43..."/>
SUUTI to pare Axis Bank, ITC, L&T stakes in first phase [Mint, New Delhi]
ViaSat has been awarded a federal contract to provide high-speed, in-flight Internet to Air Force One and other government VIP aircraft. The company, which powers onboard Wi-Fi on JetBlue, Virgin America and some United Airlines commercial aircraft, said it will enable "a Situation Room in the Sky" experience on government special mission planes. That includes streaming high-definition surveillance, intelligence and reconnaissance video, in-flight..."/>
ViaSat to power broadband on Air Force One [The San Diego Union-Tribune]
Rockwell Collins on Monday reported higher third-quarter earnings and sales from continuing operations, but narrowed its profit and revenue projections for the year due to ongoing softness in the business jet market. The Cedar Rapids-based avionics, communications and information management services provider posted net income of $214 million, or $1.63 per share, for the quarter that ended on June 30-- up 23 percent from $178 million, or $1.33 per share, for the same..."/>
Rockwell Collins posts higher earnings, sales [The Gazette, Cedar Rapids, Iowa]
RE/MAX LLC is eager to bring new resources and more dollars to bear in support of their only local franchise,..."/>
RE/MAX aiming to make big push into Western New York real estate market [The Buffalo News, N.Y.]
Seaspan Corporation announced today its financial results for the three and six months ended June 30, 2016. Below is a summary of Seaspan's key financial results:."/>
Seaspan Reports Financial Results for the Three and Six Months Ended June 30, 2016
MB Financial Inc. will replace First Niagara Financial Group Inc. in the S&P MidCap 400, BioTelemetry Inc. will replace MB Financial in the S&P SmallCap 600. S&P 500 constituent KeyCorp is acquiring First Niagara Financial Group in a deal expected to be completed soon..."/>
MB Financial to Join S&P MidCap 400; BioTelemetry and Raven Industries to Join S&P SmallCap 600
Granite Construction Incorporated announced today that the joint venture team comprised of Kenny Construction Company, a wholly-owned Granite subsidiary, and Obayashi Corporation has been awarded a $279 million contract by The Metropolitan District to construct the South Hartford Conveyance and Storage Tunnel in Hartford, Connecticut. Granite’ s portion of the contract is 65 percent. As consolidating partner, the total contract award of $279..."/>
Granite Subsidiary Awarded $279 Million Tunnel Project in Connecticut

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