Industry News

Zhaopin Limited, a leading career platform in China, today announced that it plans to release its unaudited financial results for the fourth quarter and fiscal year 2016 ended June 30, 2016 on Sunday, August 21, 2016.. Zhaopin's management will host an earnings conference call on Sunday, August 21, 2016 at 9:00 p.m. U.S. Dial-in details for the earnings conference call are as follows:."/>
Zhaopin Limited to Report Fourth Quarter and Fiscal Year 2016 Results on August 21, 2016
Cargojet Inc. announced today financial results for the second quarter ended June 30, 2016.. For the Second Quarter Ended June 30, 2016:. Total Revenues were $79.3 million, an increase of $4.1 million or 5.5% versus quarter two of the previous year. Gross Margin was $20.9 million, an increase of $13.6 million or 186.3% versus quarter two of the previous year. Adjusted EBITDA was $22.5 million, an increase of $15.9 million or 240.9% versus quarter two of..."/>
Cargojet Announces Exceptional Second Quarter Results
MFC Bancorp Ltd., a merchant bank with diversified finance and supply chain operations and other investments, announces its results for the three and six months ended June 30, 2016 and provides an update on its recent corporate developments. The Company's financial statements are prepared in accordance with International Financial Reporting Standards.. In the first six months of 2016, our revenues decreased to $676.2 million from $770.7..."/>
MFC Bancorp Ltd. Reports Results For The Three And Six Months Ended June 30, 2016
Tutor Perini Corporation, a leading civil and building construction company, announced today that the Philadelphia office of its subsidiary, Tutor Perini Building Corp., has recently set a record in Philadelphia with the mat foundation pour for the W/Element Hotel. Beginning on Saturday morning, July 9, 2016 at 2:00 a.m., Tutor Perini Building Corp. and the team responsible for the construction of the new W/Element Hotel development made history in Center City..."/>
Tutor Perini-led Team Sets Record in Philadelphia on the W/Element Hotel
Ability, Inc., a leading provider of innovative tactical communications intelligence solutions, today announced its financial results for the three and six months ended June 30, 2016.. "Our sales pipeline for ULIN continues to expand and mature, reinforcing our confidence in better days ahead," commented Anatoly Hurgin, Ability's Chief Executive Officer. "As with any new and disruptive technology, the sales cycle can be lengthy and..."/>
Ability, Inc. Reports Second Quarter Financial Results
Blancco Technology Group today released the NTF Savings Calculator, a first-of-its-kind tool that..."/>
Blancco Technology Group Launches 'No Trouble Found' (NTF) Savings Calculator for Mobile Network Operators and Device Manufacturers
Lockheed Martin has set the final exchange ratio for the exchange offer related to the split-off of its IT and Technical Services Businesses, the company said. The exchange offer provides Lockheed Martin stockholders the opportunity to exchange their shares of Lockheed Martin common stock for shares of Abacus Innovations Corp. common stock, which will convert into shares of common stock of US-basedscience and technology..."/>
Lockheed Martin Sets Final Exchange Ratio in Offer for IT and Technical Services Businesses
Lockheed Martin announced today that the final exchange ratio for its exchange offer for shares of common stock of Lockheed Martin will be 8.2136 shares of common stock of Abacus Innovations Corporation for each share of Lockheed Martin common stock validly tendered and not properly withdrawn. As a result, Lockheed Martin stockholders who tender their shares of Lockheed Martin common stock in the exchange offer will receive approximately 8.2136 shares of..."/>
Lockheed Martin Sets Final Exchange Ratio of 8.2136 for Exchange Offer for IT and Technical Services Businesses
Highpower International said on Friday that its wholly-owned subsidiary Huizhou Highpower Technology Co has signed an agreement to acquire up to 50% equity interest in Huizhou Yipeng Energy Technology Co in Huizhou City, Guangdong Province, China. As part of the agreement, Highpower will invest approximately USD17.3m, which consist of an aggregate of USD5.2m in cash and USD12.1m of power battery equipment, for a 50% equity interest..."/>
Highpower International reports equity purchase agreement in Huizhou Yipeng in Huizhou City, Guangdong Province, China
Piramal Enterprises Ltd is set to make its second investment in the renewable energy sector this year with an investment of Rs.800 crore in solar power producer ACME Solar, reported Mint."/>
Deals Buzz: Hindalco's Novelis unit to raise up to $1.1 billion [Mint, New Delhi]
Ryanair to start an Indian subsidiary together with a foreign fund, a Qatar Airways to invest in an existing Indian carrier or a British Airways to expand commercial cooperation with GoAir. With just 80 million Indians taking to..."/>
Will foreign airlines fly into India? [Mint, New Delhi]
InterGlobe Aviation Ltd's June quarter results do, it is tone down the expectations for SpiceJet Ltd's yet to be announced June quarter numbers. Pricing pressure made life difficult for both aviation companies in the past quarter. Sure, fuel cost savings have enabled airlines to report profits in recent quarters."/>
Jet Airways has a bumpy landing in June quarter [Mint, New Delhi]
Ryanair to start an Indian subsidiary together with a foreign fund, a Qatar Airways to invest in an existing Indian carrier or a British Airways to expand commercial cooperation with GoAir. With just 80 million Indians taking to..."/>
Will foreign airlines fly into India? [Mint, New Delhi]
Providence and Worcester Railroad Co. for USD 25.00 per share, or approximately USD 126 m, the company said on Monday. Subject to satisfaction of customary closing conditions, the acquisition is expected to close following the receipt of P/W shareholder approval in 4 Q16. Headquartered in Worcester, Mass., and operating in Rhode Island, Massachusetts, Connecticut and New..."/>
US Railroad Operator Genesee and Wyoming to Acquire Providence and Worcester in USD 126m Deal
M and A Navigator: Deal pipeline –15 August
Xylem Inc. has agreed to acquire North Carolina-based smart meter technology provider Sensus for approximately USD 1.7 bn in cash, the company said on Monday. The transaction is subject to customary closing conditions and regulatory review. The transaction is expected to close in the fourth quarter of 2016.."/>
Xylem Agrees to Acquire Smart Meter Technology Firm Sensus for USD 1.7bn
Honeywell has reached a definitive agreement to sell US-based engineering company Honeywell Technology Solutions Inc. to Texas-based engineering services company KBR Inc. for approximately USD 300 m, the company said. The transaction, which is subject to customary closing conditions and required regulatory approvals, is expected to close in 2016.. HTSI has approximately 3,550 employees operates..."/>
Honeywell to Sell Technology Solutions Business to KBR for USD 300m
Highpower International, Inc. subsidiary Huizhou Highpower Technology Co., Ltd has agreed to acquire up to 50% equity interest in electric vehicle power battery system maker Huizhou Yipeng Energy Technology Co., Ltd., the company said. According to the agreement, the company will invest approximately USD 17.3 m consisting of an aggregate of USD 5.2 m in cash and USD 12.1 m of power battery equipment into Huizhou Yipeng for..."/>
Highpower International to Invest USD 17.3m in Chinese EV Battery Maker Huizhou Yipeng Energy

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