Industry News

Standex International stated on Thursday that its net income from continuing operations was USD12.1m for the fourth quarter fiscal 2016.. This marks a decline in earnings when compared with net income from continuing operations of USD16.3m, or USD1.27 per diluted share for the fourth quarter fiscal 2015.. Net sales of USD193.8m were recorded for the fourth quarter fiscal 2016, down 3% from USD199.8 million in the same period a year ago."/>
Standex International posts lower net income from continuing operations of USD12.1m for Q4 fiscal 2016
NuTonomy first to open service to public [Boston Herald]
Allcargo Logistics Ltd, a listed group company."/>
Allcargo Logistics' parent forms a new joint venture [Mint, New Delhi]
Essar Shipping Ltd, he would never have imagined returning to his former employer as chairman and managing director. Eight years hence, this is what has happened. A government that is open to trying out private talent in a company that runs ships where quick decision-making..."/>
Challenges facing Anoop Kumar Sharma, the new Shipping Corporation of India boss [Mint, New Delhi]
IL&FS Transportation Networks Ltd on Thursday said it has agreed to sell a road project in Andhra Pradesh to Cube Highways and Infrastructure Pte. Ltd, a joint venture between I Squared Capital and International Finance Corporation, for Rs.140.37 crore. Cube Highways will also assume debt of about Rs.500 crore associated with the project."/>
ITNL to sell Andhra Pradesh road asset to Cube Highways for Rs140 crore [Mint, New Delhi]
WALGREENS BOOTS ALLIANCE BUYS ANOTHER USD 1.19 BN OF AMERISOURCEBERGEN SHARES VIA WARRANTS EXERCISE US-based drug retailing chain Walgreens Boots Alliance, Inc. has exercised these warrants and purchased 22,696,912 shares of US-based pharmaceutical sourcing and distribution services company AmerisourceBergen common stock for an aggregate payment of approximately USD 1.19 bn using cash..."/>
M and A Navigator: Deal pipeline –26 August
Lockheed Martin is giving $3 million to the University of Colorado to fund a research center on radio frequency technologies and their use in space communications systems. The grant will fund the Lockheed Martin Radio Frequency Space Systems Research Center, which will offer several academic programs, including:. --Dual bachelor's/master's programs in aerospace and electrical engineering;."/>
Lockheed gives CU Boulder $3 million to fund space communications research [Daily Camera, Boulder, Colo.]
Matson, continuing a boom the San Diego shipyard has been enjoying for nearly two years. The contracts are expected to help stabilize the workforce at NASSCO, which currently has 3,600 people building commercial and Navy vessels, and repairing large Navy warships. NASSCO didn't release the financial details of its new contract with Matson Navigation, a San Francisco-based..."/>
NASSCO wins contract to build 2 containerships [The San Diego Union-Tribune]
Auto loan delinquencies jumped in July [Detroit Free Press]
Power Solutions International, Inc.. Investors who purchased or otherwise acquired shares between May 8, 2015 and August 15, 2016 are encouraged to contact the Firm in advance of the October 21, 2016 lead plaintiff motion deadline. If you are a shareholder who suffered a loss during the Class Period, click here to participate."/>
INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Power Solutions International, Inc. and Encourages Investors with Losses to Contact the Firm
Mettler-Toledo International Inc. will replace Johnson Controls Inc. in the S&P 500, S&P SmallCap 600 constituent Monolithic Power Systems, Inc. will replace Mettler-Toledo in the S&P MidCap 400, and WCI Communities Inc. will replace Monolithic Power Systems in the S&P SmallCap 600 after the close of..."/>
Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems to Join S&P MidCap 400; WCI Communities and Nautilus to Join S&P SmallCap 600

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