Industry News

Staffing 360 Solutions, Inc., a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and UK, announced today that it expects the Company's reported revenue for the fiscal first quarter ended August 31, 2016 to reach a record of approximately $47 million, an increase of over 30% compared to approximately $36 million of revenue reported in the same period last year. The Company expects to..."/>
Staffing 360 Solutions Pre-Announces Record First Quarter Revenue of $47 Million Revenue for Fiscal Q1 2017 to Increase 30% Over Same Period Last Year
Ryder System, Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that Ryder will be a Gold Sponsor of the Council of Supply Chain Management Professionals Conference in the Gaylord Palms Resort and Convention Center in Kissimmee, Fla. from September 25-28. Additionally, Ryder executives Steve Sensing, John Diez, and Scott Perry will each present at..."/>
Ryder Executives to Present at Global Supply Chain Conference
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, today announced the election of Mr. Matthew J. Espe to its Board of Directors effective November 1, 2016.. Espe is the former Chief Executive Officer and President of Armstrong World Industries, Inc., a position he held from July 2010 to March 2016."/>
WESCO International, Inc. Announces Election of Matthew J. Espe to Board of Directors
GP Strategies Corporation announced that it has signed a definitive agreement, subject to closing conditions, to acquire Maverick Solutions, a leading provider of Enterprise Resource Planning product training services. Founded in 1999 and headquartered in Wake Forest, North Carolina Platinum Partner with Oracle, providing support throughout the product lifecycle, specializing in..."/>
GP Strategies to Acquire Maverick Solutions
BWX Technologies, Inc. announced today that it has entered into an accelerated share repurchase agreement with Wells Fargo Bank, National Association to repurchase an aggregate of $200 million of the Company’ s common stock. The ASR agreement was entered into under the Company’ s previously authorized share repurchase program which had $253.4 million remaining as of June 30, 2016.. Under the ASR agreement, BWXT received approximately 4.1 million shares at the..."/>
BWXT Announces $200 Million Accelerated Share Repurchase
Electrovaya today announced that it has closed the loan agreement and drawn the first tranche of US $5.3 million on the US $10 million credit facility with a top three Canadian Chartered Bank. Further funds can be drawn at the Company's discretion within the terms of the agreement. Commenting on the availability of the facility, Richard Halka, Electrovaya's EVP and CFO, stated, "The bank conducted an extremely thorough due diligence focusing on our recently..."/>
Electrovaya Completes US $10 Million Working Capital Facility Agreement With a Major Canadian Chartered Bank and Also Is Depository Trust Company (DTC) Eligible for Online Trading at OTCQX
Blancco Technology Group today announced it has appointed Keith Butcher as its Chief Financial Officer, effective September 19, 2016. In his new role, Butcher will work side-by-side with CEO, Pat Clawson, to identify, evaluate and engage in key opportunities, including financial modeling, cost cutting, M&A opportunities and investor relations. Butcher will also join the Board of Directors in October 2016 and will report directly to..."/>
Blancco Technology Group Appoints Keith Butcher as Chief Financial Officer
Cathay Pacific Airways and Hyatt unveiled today specially designed menus by acclaimed chefs at Park Hyatt Chicago and Park Hyatt New York for Cathay Pacific passengers. The global collaboration, which was announced in June, marks the most expansive inflight dining experience of its kind for both Cathay Pacific and Hyatt and also includes menus designed by chefs from Grand Hyatt Hong Kong, Park Hyatt Milan and Park Hyatt..."/>
Cathay Pacific Airways And Hyatt Launch First-Ever Global Inflight Dining Experience Of Its Kind
TransUnion found that up to 92 million credit-active consumers would experience some type of monthly debt service payment increase if the Federal Reserve Board raises interest rates by 25 basis points. However, the average monthly payment increase for these consumers would be a mere $6.45. Only about 10% of these impacted consumers-- or 9.3 million-- will likely not have the capacity to absorb an increased monthly payment obligation..."/>
Fed Interest Rate Hike Could Cause 'Payment Shock' for 9 Million+ Consumers, But Majority of Population Would Go Unscathed
Low season rates to Samui [Bangkok Post, Thailand]
FTI Consulting, Inc., the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced the appointment of three Senior Managing Directors to the Company’ s European Tax Advisory practice within its Corporate Finance& Restructuring segment. The expansion of the practice includes the addition of Sarah Lane, Peter Scholes and Ben Tausig, who all join FTI Consulting from KPMG."/>
FTI Consulting Expands European Tax Advisory Practice with the Appointment of Three Senior Managing Directors
Golden Ocean Group Limited issued in February 2016 pursuant to a private placement and a subsequent offering. The GOGL R Shares are currently registered on ISIN BMG396371301 and trading under the ticker "GOGL R". The GOGL R Shares will assume the ordinary ISIN of the Company and trade under the Company's ordinary ticker "GOGL" pursuant to the time line below:."/>
GOGL - Change of ISIN and ticker for GOGL R shares
Golden Ocean Group Limited issued in February 2016 pursuant to a private placement and a subsequent offering. The GOGL R Shares are currently registered on ISIN BMG396371301 and trading under the ticker "GOGL R". The GOGL R Shares will assume the ordinary ISIN of the Company and trade under the Company's ordinary ticker "GOGL" pursuant to the time line below:."/>
GOGL - Change of ISIN and ticker for GOGL R shares
AKVA group ASA no later than March 1 st, 2017.. This information is subject of the disclosure requirements acc. to§ 5-12 vphl. This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the..."/>
AKVA group ASA : Simon Nyquist Martinsen appointed as CFO in AKVA group ASA
Ashok Leyland Ltd have baulked at the company's plan to merge with affiliate Hinduja Foundries Ltd.. Gopal Mahadevan, chief financial officer at Hinduja Group flagship Ashok Leyland, defended the move, saying the intent was to bail out one of its key suppliers, which has been mired in operational inefficiency and other challenges. Also, this should be viewed as a "one-off" and Ashok Leyland "has no plans to bankroll" its subsidiaries or make any further..."/>
The motive behind Hinduja Foundries Ltd's Ashok Leyland merger [Mint, New Delhi]
M and A Navigator: Deal pipeline –19 September
Avis Budget Group, Inc. has agreed to purchase France-based vehicle rental company France Cars, the company said. Terms of the transaction were not disclosed. Closing of the acquisition is subject to consultation with France Cars' employee representatives and customary conditions, including merger control clearance, and is expected to be completed prior to the end of 2016.."/>
Avis Budget Group Agrees to Acquire French Rental Car Firm

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