Industry News

WESCO International, Inc., a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, announces that the redemption of its 6.0% Convertible Senior Debentures due 2029 was completed on September 15, 2016.. Holders of the Debentures received cash totaling $344,804,000, which was equal to the principal amount of the then-..."/>
WESCO International, Inc. Completes Redemption of 6.0% Convertible Senior Debentures due 2029
New Flyer Industries Inc. confirmed today that, based on publicly-disclosed information, Marcopolo S.A., through its wholly-owned subsidiary, Marcopolo Canada Holdings Corp., has sold 4.5 million common shares of New Flyer, which represent approximately 7.4% of the issued and outstanding common shares of New Flyer."/>
Marcopolo Sells a Portion of its Shares in New Flyer, Remaining New Flyer's Largest Shareholder, and Confirms Ongoing Commercial Cooperation Initiatives
Covanta Holding Corporation today announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on October 7, 2016 to stockholders of record as of the close of business on October 3, 2016.. About Covanta Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste..."/>
Covanta Declares Regular Quarterly Cash Dividend
Raytheon Company declares quarterly cash dividend
Enphase Energy, Inc., today announced that it intends to offer and sell shares of its common stock, subject to market and other conditions, in an underwritten public offering. Enphase also expects to grant the underwriters a 30- day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. Enphase anticipates using the net proceeds from the proposed offering for general..."/>
Enphase Energy Announces Proposed Public Offering of Common Stock
Enphase Energy, Inc., a global energy technology company, today announced restructuring and cost savings initiatives that are expected to result in approximately $20 million of annualized operating expense savings. Enphase is reducing approximately 11 percent of its global workforce and eliminating certain non-core projects. The Company expects to incur aggregate restructuring charges in the third quarter of 2016 of approximately $3.0 million,..."/>
Enphase Energy Announces Restructuring Initiatives and Quarterly Outlook Update
AAR CORP. today reported first quarter Fiscal Year 2017 consolidated sales of $404.8 million and income from continuing operations of $9.9 million, or $0.29 per diluted share. For the first quarter of the prior fiscal year, the Company reported sales of $386.7 million and income from continuing operations of $7.4 million, or $0.21 per diluted share. "Our Aviation Services segment delivered strong results once again as sales in the first..."/>
AAR Reports First Quarter Fiscal Year 2017 Results
AECOM in the U.S. District Court for the Central District of California. The complaint is brought on behalf of all purchasers of AECOM securities between February 11, 2015 and August 15, 2016, for alleged violations of the Securities Exchange Act of 1934 by AECOM's officers and directors."/>
Robbins Arroyo LLP: AECOM (ACM) Misled Shareholders According to a Recently Filed Class Action
FedEx says it will hire 2,500 workers in the Memphis area to help with the holiday season package push. The Memphis-area hires will be among more than 50,000 seasonal employees added companywide to deal with what's predicted to be another record volume peak. Information is available at"/>
BRIEF: More than 12,000 holiday jobs available at local distribution companies [The Commercial Appeal, Memphis, Tenn.]
Air Canada invites the media to attend a press conference in Montreal for a major announcement concerning air service to China."/>
Media Advisory - Air Canada to Make Major Montreal Announcement
Styles and Wood Group plc has acquired the entire issued share capital of specialist critical facilities and data centre services provider Keysource Ltd. for an initial consideration of approximately GBP 2 m to be satisfied in cash and shares, the company said. An additional payment will be made to reflect any excess working capital over and above the ongoing requirements of the business."/>
Styles and Wood Group Acquires UK Data Centre Services Firm Keysource
root9B Technologies announced today that the United States District Court for the District of Colorado has dismissed, with prejudice, the securities class action litigation originally filed in June 2015 against root9B Technologies and certain of the Company's officers and directors. "We are very pleased with the Court's decision and believe the ruling supports our position that the lawsuit was frivolous and without merit," said Joseph..."/>
Root9B Technologies Announces Dismissal of Class Action Lawsuit
BRIEF: UnitedHealthcare adds Nemours to network []
Textron Systems notified 45 employees of the decision on Thursday, spokesman Matthew Colpitts wrote in an email. He attributed the move to a "change in the mix of work," saying the cuts were necessary to maintain profitable growth in the business."/>
BRIEF: Textron confirms 45 layoffs in Baltimore County facility [The Baltimore Sun]
Hill International, the global leader in managing construction risk, announced today that it has received two contracts from Blackstone to manage major renovation projects in Germany and Turkey.. Hill was retained by Blackstone to manage the restoration of Messeturm Tower in Frankfurt, Germany. Messeturm Tower is a 63- story, 62,300- square-meter commercial office tower, the second tallest building in..."/>
Hill International Managing Two Major Renovation Projects for Blackstone
Honeywell Aerospace said it will resume contract negotiations with the locked-out United Auto Workers Local 9 on the week of Oct. 3.. The move comes after the parties met earlier this month and failed to reach an agreement on a new five-year contract. More than 300 UAW workers have been locked out of the South Bend plant since early May, after the union rejected Honeywell's new contract offer and objected to what workers would pay for health care."/>
BRIEF: Honeywell and UAW to resume contract talks in October [South Bend Tribune, Ind.]
Lockheed Martin Corporation board of directors has authorized the purchase of up to an additional $2.0 billion of Lockheed Martin common stock under its share repurchase program. With this increase, the total remaining authorization for future repurchases under the share repurchase program is approximately $4.3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to..."/>
Lockheed Martin Increases Share Repurchase Authority by $2.0 Billion
Lockheed Martin Corporation board of directors has authorized a fourth quarter 2016 dividend of $1.82 per share, representing a 10 percent increase or $0.17 per share over last quarter. The dividend is payable on December 30, 2016 to holders of record as of the close of business on December 1, 2016.. This is the 14 th year in a row that the Corporation has increased its quarterly dividend rate by 10 percent or more."/>
Lockheed Martin Declares Fourth Quarter 2016 Dividend

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