Industry News

Monster Worldwide, Inc. today reported summary financial results and a GAAP to Non GAAP reconciliation schedule for the second quarter ended June 30, 2016."/>
Monster Worldwide Reports Second Quarter 2016 Financial Results
Randstad Holding nv, a leading human resources services provider, and Monster Worldwide, Inc., a global leader in connecting jobs and people, today announced the signing of a definitive agreement under which Randstad will acquire Monster."/>
Randstad To Acquire Monster Worldwide To Transform The Way People And Jobs Connect
Will new policy change the way we fly? [Mint, New Delhi]
Delta Air Lines' global network endured widespread cancellations and long delays Monday after an electrical problem brought down critical computer systems at the company's nerve center in Atlanta. By late afternoon the airline had canceled 650 flights, including 40 at Minneapolis-St. Paul International Airport, where it is the dominant player."/>
Computer outage keeps hundreds of Delta flights on the ground [Star Tribune (Minneapolis)]
Delta Air Lines canceled hundreds of flights Monday and saw delays for many more after a computer outage wreaked havoc with the airline's entire operation, including one cancellation and at least two lengthy delays at Daytona Beach International Airport. Delta advised customers to check their flight status before heading to the airport. On Monday afternoon the company reported it had canceled 450 flights while operating nearly 1,700. The Atlanta-based airline's..."/>
More Tuesday flights canceled by Delta out of Daytona [The News-Journal, Daytona Beach, Fla.]
Delta Air Lines, suffering a debilitating power outage early Monday morning, said it is getting some flights back in the air, but that passengers can still expect numerous delays and cancelled flights until its system works through the shutdown. As of 5:30 p.m. Monday, the Atlanta-based airline said it has cancelled 650 flights because of the outage, which began at 2:30 a.m. Eastern time, impacting computer systems and forcing flights to be grounded around the world."/>
Update: Delta power outage zaps flights, CEO apologizes for 'any inconveniences' [Columbus Ledger-Enquirer, Ga.]
Melrose Industries Plc's takeover proposal for US-based industrial company Nortek, Inc. without Nortek having received a superior proposal, Melrose said. On 6 July, the companies announced a deal under which Melrose would acquire Nortek for USD 86 per share in cash, or USD 1.4 bn. In addition, as previously announced, all anti-trust conditions in relation to the acquisition have been satisfied, plus all..."/>
“Go Shop” Period Ends in Melrose Industries’ USD 1.4bn Deal to Buy Nortek
Delta Air Lines passengers' concerns extended well beyond the skies above Sarasota-Bradenton International Airport on Monday, after a computer crash canceled more than 400 flights worldwide and stranded thousands of passengers on a busy travel day. The glitch caused Delta's first two flights at the local airport, scheduled for 5:25 and 6:55 a.m., to be delayed about three hours. A third flight was to depart at 11:20 a.m. but was delayed until 3:11 p.m.."/>
Delta outage causes local, widespread travel issues [Sarasota Herald-Tribune, Fla.]
Delta Air Lines faced massive delays Monday morning after a computer system outage grounded planes worldwide for hours. The power outage started in Atlanta, where Delta's corporate offices are located, at about 2:30 a.m., affecting computer systems and flights, the airline said. By 7:30 a.m., Delta said "large-scale cancellations" were expected throughout the day."/>
Delta outage leads to major delays at South Florida airports [The Miami Herald]
Delta Air Lines on Monday saw their flights delayed due to a national computer crash. Delta Flight 1316 bound for Minneapolis didn't leave Boise until 6:58 a.m., an hour and 38 minutes past its scheduled departure time. The Salt Lake City flight, on Delta 2648, departed Boise at 6:59 a.m., 59 minutes later than scheduled."/>
Delta Air Lines flights out of Boise delayed [The Idaho Statesman]
A. O. Smith, a publicly-held, 140- year old company valued more than $2 billion, is one of the world's leading manufacturers of residential and commercial water heating equipment, as well as a manufacturer of water treatment products."/>
Austin's Aquasana scooped up in $87 million deal [Austin American-Statesman]
Delta Air Lines' computer systems and operations caused massive delays and cancellations across the globe, including at all Ohio airports. The airline's computer system failed due to a power outage in Atlanta that occurred around 2:30 a.m. early Monday morning. The system failure caused the airline to issue a worldwide ground stop, which was not lifted until 8:40 a.m.."/>
Delta systems outage causes 'significant' delays for passengers [Dayton Daily News, Ohio]
A. O. Smith Corp. has bought Texas-based water systems provider Aquasana, Inc. from Connecticut-based consumer-focused private equity firm L Catterton for USD 87 m in cash on a debt/cash-free basis, the company said. The purchase price is subject to a customary net working capital adjustment. A. O. Smith used available borrowing capacity on its USD 400 m revolving credit facility to fund the acquisition."/>
A. O. Smith Acquires US Water Treatment Company Aquasana for USD 87m
Delta Air Lines flights at major hub airports, experienced minor delays Monday at The Eastern Iowa Airport. Only one of three early Delta Connection flights was delayed about 10 minutes. Customer service representatives used an older computer system to check in passengers and their luggage when a newer system was not available due to a power outage at Delta headquarters in Atlanta..."/>
Slight delay for Delta flights from Eastern Iowa Airport [The Gazette, Cedar Rapids, Iowa]
Delta Air Lines' computer problems stalled departures at Kansas City International Airport Monday morning, but the carrier scrambled to get passengers on alternative flights. A Kansas City aviation official said Delta's local manager reported that passenger lines were back to normal before 2 p. m. The KCI website continued to show early afternoon flights as delayed and later flights mostly expected to be on tine."/>
Delta disruptions hit KCI passengers [The Kansas City Star]
MISTRAS Group, Inc. will have a conference call on Thursday, August 11, 2016 at 9:00 a.m. Eastern Time to discuss its results for the fiscal year ended May 31, 2016 and the fourth quarter for fiscal 2016. A press release with the fourth quarter and year-end results will be issued after the close of market on Wednesday, August 10, 2016.. The call will broadcast over the Web and can be accessed on MISTRAS' Website, www.mistrasgroup.com."/>
MISTRAS Group Announces Conference Call to Discuss Fourth Quarter and Year End Results on August 11, 2016
RPX Corporation, the leading provider of patent risk management and discovery management solutions, today announced that John Amster, Chief Executive Officer of RPX, will present at the 18 th Annual Pacific Crest Global Technology Leadership Forum. The Pacific Crest Forum is held August 7-9, 2016 at the Sonnenalp Hotel in Vail, CO; RPX is scheduled to present on Tuesday, August 9, at 10:30 AM MT. A live audio webcast of the event will be made..."/>
RPX to Present at the Pacific Crest Global Technology Leadership Forum
Air Lease Corporation today announced the pricing of its public offering of $750 million aggregate principal amount of 3.00% unsecured senior notes due 2023. The Notes were offered to the public at a price of 98.658% of their face amount. The sale of the Notes is expected to close on August 15, 2016, subject to satisfaction of customary closing conditions."/>
Air Lease Corporation Announces Pricing of Public Offering of $750 Million of 3.00% Unsecured Senior Notes due 2023
Middleby Corporation today announced it will release 2016 second quarter earnings on Wednesday, August 10 after the market closes. The company has scheduled a conference call to discuss the results at 11 a.m. eastern/10 a.m. central on Thursday, August 11. The call can be accessed by dialing 391-6937 or 625-3077 and entering conference code 61236206#."/>
The Middleby Corporation Schedules Second Quarter Earnings Release and Conference Call
Delta Air Lines left hundreds of passengers stranded for up to 12 hours at Portland International Jetport on Monday. Twelve hours after a power outage knocked out its computer systems worldwide, Delta Air Lines was still struggling Monday to resume normal operations and clear backlogs of passengers stranded by canceled flights. By early afternoon, Delta said it had canceled 451 flights across the globe."/>
Delta struggling to resume flights after power outage [Portland Press Herald, Maine]
Delta Air Lines grounded flights worldwide for nearly six hours Monday, snarling flights for hundreds of thousands during the busy summer travel season because of an equipment problem. Shortly before 9 a.m., Delta said the ground stop was lifted, and limited departures were resuming, but delays and cancellations would continue. As of 1:30 p.m., Delta said it had canceled 451 flights due to a power outage, while operating about 1,679 of its nearly 6,000 scheduled for Monday."/>
PHL passengers caught in Delta tech glitch [The Philadelphia Inquirer]

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