Industry News

Scanship Holding ASA has through its subsidiary Scanship AS, been awarded AWP contracts for two cruise newbuilds. The Scanship systems are designed to meet the new Helcom standard with nutrient removal. The newbuilds are sister ships of ships Scanship currently are completing delivery of AWP systems to. The new contracts are subject to the ship-owners approval."/>
Scanship Holding ASA : Scanship awarded contracts for delivery of two AWP system for cruise newbuilds
ICICI Bank has deployed' software robotics' with 200 robots processing a million transactions every day. India's largest private bank on Thursday announced the deployment of' software robotics' in over 200 business processes across various functions of the bank. "At ICICI Bank, software robots have reduced the response time to customers by up to 60% and increased accuracy to 100% thereby sharply improving the bank's..."/>
ICICI Bank's 200 robots process a million transactions a day [Hindustan Times, New Delhi]
Bhushan Steel Ltd are looking to carve out some parts of the business for sale as they seek to recover some of the more than Rs.44, 000 owed by the steel producer, said two people with knowledge of the matter. At the same time, the lenders are trying to figure out restructuring options for the rest of the company. They have identified the Bhushan Steel asset in Odisha as a high-quality asset that can be separated from the company and sold, said one of the two..."/>
Bad loans fallout: Bhushan Steel lenders look to sell assets [Mint, New Delhi]
IRB Infrastructure Developers Ltd on Thursday said its infrastructure investment trust fund has filed a draft red herring prospectus with market regulator Securities and Exchange Board of India to raise as much as Rs.4, 300 crore. IRB Infrastructure's shares rose as much as 9.8% on Thursday after the announcement. It is the first company to file a DRHP for an InvIT."/>
IRB Infrastructure looks to raise up to Rs4,300 crore via InvIT fund [Mint, New Delhi]
M and A Navigator: Deal pipeline –9 September
Lockheed Martin, was successfully launched today at 7:05 p.m. ET from Cape Canaveral Air Force Station, Florida, aboard a United Launch Alliance Atlas V 411 rocket. The spacecraft has departed Earth and is now on its seven year journey to study near-Earth asteroid Bennu and bring a sample back to Earth. The Origins, Spectral Interpretation, Resource Identification,..."/>
Lockheed Martin-Built OSIRIS-REx Launches to Asteroid
Navistar reported a net loss of $34 million Thursday morning, just days after the company announced German automaker Volkswagen plans to invest $256 million and purchase a roughly 17- percent stake in the truckmaker. Analysts and company officials attributed the third quarter loss in part to soft demand in the truck market. "This quarter's results show that we continue to make progress in the face of tougher market conditions, particularly in the heavy segment," said..."/>
Springfield truckmaker reports $34M third-quarter loss [Dayton Daily News, Ohio]
Caterpillar is planning 300 job cuts at two downstate facilities, among more than 1,000 mass layoffs Illinois employers reported to the state in August. The layoffs at the two Caterpillar facilities in Mossville, which comprise support and management employees, are expected to begin Oct. 31.. The Peoria-based construction equipment-maker has been slashing thousands of jobs worldwide in a restructuring."/>
Caterpillar's 300 layoffs among more than 1000 reported to state in August [Chicago Tribune]
Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc., successfully supported the launch of NASA’ s Origins, Spectral Interpretation, Resource Identification, Security-Regolith Explorer spacecraft, now on its way to a near-Earth asteroid, called Bennu, to bring a sample back to Earth for study. The mission was launched from Cape Canaveral Air Force Station in Florida aboard a United Launch Alliance Atlas V rocket."/>
Aerojet Rocketdyne Supports Launch of OSIRIS-REx Spacecraft to Explore Near-Earth Asteroid
TransUnion announced the pricing of the offering by certain of its stockholders of 16,000,000 shares of the Company's common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The shares will be offered from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices..."/>
TransUnion Announces Pricing of Secondary Offering of 16,000,000 Shares of Common Stock
L-3 Communications has agreed to acquire Brisbane, Australia-based electronic warfare subsystems provider Micreo Ltd., the company said. The acquisition is expected to be completed during September 2016 following the satisfaction of standard closing conditions. Following the acquisition, Micreo Ltd. will be integrated into the Electronic Systems Segment and will be..."/>
L-3 Agrees to Acquire Australian Electronic Warfare Subsystems Provider Micreo
Hertz Global Holdings, Inc. announced today that its wholly-owned subsidiary, The Hertz Corporation, has entered into an agreement to sell $800 million aggregate principal amount of 5.50% Senior Notes due 2024 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended. The Offering is expected to close on or about September 22, 2016, subject to customary closing conditions."/>
Hertz Global Holdings Announces Pricing of $800 Million Private Offering of Senior Notes by The Hertz Corporation
Discovery Air Inc. announced its financial and operating results for the quarter ended July 31, 2016. The unaudited interim consolidated financial statements and management discussion and analysis will be available on SEDAR at www.sedar.com and on the Corporation's website at www.discoveryair.com. Consolidated revenues for the three months ended July 31, 2016 decreased 8%, in comparison to the three months ended July 31, 2015 primarily due to..."/>
Discovery Air Inc. announces results for the quarter ended July 31, 2016
Discovery Air Inc. announced today that it has entered into a definitive transaction agreement with MAG Aerospace Corp., and certain subsidiaries of MAG and Clairvest to sell its fire services business operated by its subsidiary Discovery Air Fire Services Inc.. The total transaction consideration is approximately $15.38 million, subject to certain post-closing purchase price adjustments. Jacob Shavit, the President and CEO of Discovery Air,..."/>
Discovery Air Inc. to Sell Fire Services Business
Brady Corporation’ s Board of Directors announced an increase in its annual dividend to shareholders of the Company’ s Class A Common stock from $0.81 per share to $0.82 per share. A quarterly dividend to shareholders of the company's Class A Common Stock of $0.205 per share will be paid on October 31, 2016, to shareholders of record at the close of business on October 11, 2016. This dividend represents the 31 st consecutive annual increase in..."/>
Brady Corporation Increases Its Dividend to Shareholders for the 31st Consecutive Year

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